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Wilshire Phoenix Refiles Its Bitcoin ETF Proposal With SEC

The United States Securities and Exchange Commission (SEC) has once again begun accepting public comments regarding the updated Bitcoin (BTC) exchange-traded fund (ETF) proposal by Wilshire Phoenix Fund. According to the official document published on Oct. 15, Wilshire Phoenix and exchange NYSE Arca have refiled and updated their application to reflect new circumstances. New and updated version Per the proposal, Coinbase Custody will act as a custodian of the trust’s Bitcoins. But unlike the first application, the updated version states that Coinbase will be confirming the availability of assets used…

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HSBC Enacts a Letter of Credit on a Blockchain in Malaysia

Major bank HSBC has announced the successful enactment of a letter of credit (LC) on a blockchain in Malaysia. The transaction English language local fintech news outlet Fintech News Malaysia reported the development on Oct. 14, noting that the transaction involved packaging firm Simply Packaging importing resin from an unspecified Singaporean chemicals company. The issuing bank was HSBC Malaysia and the nominated bank was HSBC Singapore. Per the report, this is the eleventh blockchain-powered transaction carried out by HSBC and the first such pilot carried by its Malaysian branch. HSBC…

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Crypto Markets Turn Red, While Bitcoin Price Takes a Hit Below $8,200

Tuesday, Oct. 15 — Bitcoin (BTC) has continued to trade sideways for most part of the day, while taking a sudden dip in recent hours. Market visualization. Source: Coin360 The world’s most popular cryptocurrency traded flat for the better part of the last 24 hours, with an intraday high of around $8,400. In the last couple of hours, BTC took a sudden dip to under the $8,200 price mark, showing a loss of more than 2% on the day. Bitcoin’s average daily trading volume hovers around $15 million, while its market…

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Wales to Develop Local Cryptocurrency to Underpin Mutual Credit System

Wales plans to test and subsequently launch its own cryptocurrency to boost the local Small and Medium Enterprises (SME) economy.  Local news outlet Business Cloud reported on Oct. 15 that the Welsh Government awarded £100,000 from the £4 million Foundational Economy Challenge Fund to develop the system. The funding will cover both a consultation and a pilot program in North Wales. Not a new idea The idea behind the project is based on the Sardex: a mutual credit system implemented on the Italian island and region of Sardinia.  Eifion Williams,…

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Consolidating Bitcoin Price May Be Setting Up Ethereum for a 30% Surge

Bitcoin (BTC) dominance remains high at 66.3% and so does the amount of attention traders are dedicating to the largest digital asset’s price action. Last week’s move from $7,800 to $8,850 will have further entranced investors, and the hope of breaking above $10,000 may have distracted some traders from noticing the awakening that has occurred with many altcoins.  Daily crypto market data. Source: Coin360 As reported by Cointelegraph, a growing number of altcoins have posted impressive gains as Bitcoin consolidates and it appears the trend is set to continue. For…

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Victim of Alleged Ponzi Scheme Receives Death Threats From OneCoin Fans

Glasgow-based Jen McAdam claims supporters of the alleged OneCoin pyramid scheme are sending her death threats, mainly through Facebook. Death threats reported to the police On Oct. 14, the BBC wrote that Jen McAdam, a duped OneCoin digital currency investor, reported a slew of messages she received, threatening her with death and violence, to the police in Scotland. McAdam claims that the threats are part of a coordinated attack by OneCoin supporters, adding: “It is horrible, the abuse is vile and the threats feel very real to me, I’m always…

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Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions

The Dubai Chamber of Commerce and Industry (DCCI) has signed a memorandum of understanding (MoU) with Emirates NBD. Middle Eastern news daily Saudi Gazette reported on Oct. 14 that the DCCI, which acts as an international business hub in Dubai, has signed an MoU with Dubai government-owned bank, Emirates NBD.  The bank, which is one of the largest banking groups in the Middle East in terms of assets, will provide trade finance solutions for the Digital Silk Road, a Dubai 10X initiative, which uses blockchain technology to digitize trade processes…

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FINRA Approves Grayscale’s Public Quote for Crypto Fund Shares

New York-based digital asset management fund Grayscale Investments has received regulatory approval to publicly quote the shares of its diversified cryptocurrency fund. First publicly-quoted diversified crypto fund Grayscale was approved by the United States Financial Industry Regulatory Authority (FINRA) to publicly quote its Grayscale Digital Large Cap Fund (GDLCF) on over-the-counter (OTC) markets, according to a press release on Oct. 14. The recent approval purportedly enables the first publicly-quoted security based on a selection of digital currencies in the U.S., the firm stated. The shares will be available for purchase…

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N. Korean Hackers’ New MacOS Malware Hides Behind Fake Crypto Firm

The notorious North Korean hackers known as the Lazarus APT Group have created another malware targeting Apple Macs that masquerades behind a fake cryptocurrency firm. Apple Mac security specialist and principal security researcher at Jamf Patrick Wardle published a blog post on Oct. 12 outlining the nature of the malware, revealed by MalwareHunterTeam (MHT) researchers the previous day. Closely related to earlier macOS crypto-malware MHT and Wardle have warned that at the time of their warning, the malware was undetected by any engines on VirusTotal and that the sample appears…

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Litecoin Turns 8 — Charlie Lee Says Foundation Not Near Bankruptcy

As Litecoin (LTC) celebrated its eighth birthday on Oct. 13, its founder Charlie Lee had to fend off crypto Twitter’s FUD — fear, uncertainty and doubt — about the altcoin. Lee’s original post was the exuberant announcement that: “Litecoin network has been up and running continuously for the past 8 years with zero downtime. And in that span of time, over $500,000,000,000 worth of LTC have been transacted. Looking forward to the next 8 years and more! ” “We have enough money to last 2 years” The first response to…

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