Bank of America (BoA) has filed another blockchain patent, documents with the USPTO reveal. The American multinational investment bank stated that it would use blockchain, the underlying technology which powers the world’s leading cryptocurrency Bitcoin, to handle some portions of its cash handling devices. The patent, titled “Banking Systems Controlled by Data Bearing Records, mentioned blockchain around 58 times, indicating how the digital ledger technology would improve their traditional cash deposit and withdrawal protocol. A cash handling device,…

This week, the Dow Jones recorded a steep sell-off from 23,970 points to 21,846 points, amidst global economic instability and uncertainty. Since achieving an all-time high at 26,828 points on October 3, the Dow Jones has fallen by 5,036 points to 21,792 points, by 18.77 percent. In the traditional financial market, a 20 percent decline from an all-time high is generally considered a bear market. Having lost 2.91 percent of its valuation on December 24, if the Dow…

In a reminder that has fallen into the lap of the crypto community, Intercontinental Exchange (ICE) more-or-less confirmed that the launch of the Bakkt Bitcoin Futures Contract will take place as scheduled on Jan 24, 2019. The reminder had been sent through the API of ICE to what we can assume to be the prospective customers. Milestones in the notes indicate that the product will be in testing phase starting Dec 17. The futures contract will…

The price of Bitcoin (BTC) has dropped significantly from it’s all-time high of nearly $20,000 back in December. In fact, the price has dropped so much that many people in the crypto community never thought we’d see these prices again. At the height of the parabolic bull run of 2017, people wished and begged for lower prices to buy in at. Well, it looks like their wishes came true as the price of Bitcoin is hovering around $3500,…

The Swiss HODL ETP (exchange-traded product) that was launched in November is proving to be a success, if we look at the investment inflows, to date. The ETP has been approved and listed on the biggest Swiss exchange, SIX, on Nov 22. In just over 12 days of trading activity, the HODL product has garnered around $3.5 million in investment. The HODL ETP was created by Amun AG, a company which also provides a cryptocurrency index.…

It has been a year since the start of Cboe’s XBT futures contracts and CME Group’s bitcoin derivatives products launched last December. With super bearish prices these past few months, a lot has changed since the cryptocurrency economy touched all-time highs on spot markets. Meanwhile, bitcoin futures contracts have been growing and some skeptics still believe these derivatives products are disruptive toward cryptocurrency spot prices.   Have Futures Products ‘Tamed’ Bitcoin’s Spot Price? A few weeks…

Binance, one of the world’s leading crypto exchanges, announced the launch of a new Sub-Account feature specially designed for institutional crypto traders. The company claims the new functionality is developed to meet the high requirements of its institutional account holders and offer them better services. From now on, every corporate user with an account tagged as VIP Tier3 and higher will be able to have multiple sub-accounts. The upgrade will enable institutions to open up to 200 accounts…