delayed Archives -
A foreclosure auction was delayed at the last minute for the Mountain, a 157-property in Beverly Hills that broke records when it listed for $ 1 billion last year.
The House vote on a resolution condemning President Trump’s comments on four congresswomen of color was delayed for nearly two hours Tuesday after House Speaker Nancy Pelosi referred to the “president’s racist tweets,” NBC News reports. Rep. Doug Collins, R-Ga., then asked Pelosi if she wanted to “rephrase her comment”…
Disneyland announced Thursday that the second attraction at its new Star Wars land won’t open until Jan. 17 — after the peak winter holiday season.
The Anaheim theme park had previously said the Rise of the Resistance ride would launch this year.
The ride is designed to put parkgoers in the middle…
Facing a crowd of more than 1,200 protesting dockworkers, the Port of Los Angeles’ Harbor Commission delayed a decision Tuesday over whether to open the way to automation in North America’s largest terminal — a dispute involving jobs, clean air and Southern California’s dominance as an import gateway…
Thailand’s election commission says it will release full vote counts from the first election since a 2014 coup on Friday as an anti-junta party claimed it won the most seats and will try to form a government.
In Tuesday’s edition of The Daily, there’s a little of everything in the mix: a story about hardware, in the form of the delayed Exodus 1 smartphone, one about security, concerning the latest crypto exchange ratings, and finally a human interest story. This latter tale concerns a war of words between two passionate figures within the cryptocurrency space.
HTC’s Exodus 1 Phone Has Yet to Ship
Customers who made an advanced purchase of the Exodus 1 blockchain phone are still waiting to receive their devices. The crypto-friendly cell phones, priced at 0.15 BTC or 4.78 ETH, were rapidly snapped up by cryptocurrency proponents, who were promised that the devices would ship in December. While there’s still time for that to happen, manufacturer HTC is cutting it fine with Christmas less than a week away.
Figures such as Charlie Lee helped to promote the project, and by early December advance orders for the phone, which features a built-in BTC and ETH wallet, had stopped being taken. In the project’s Telegram channel, buyers have become impatient as they await delivery of their eagerly anticipated phones. “Biggest scam in the history of smartphones,” vented one irate buyer. His assertion, while very wide of the mark, captures the frustration that Exodus 1 customers have felt as they’ve awaited news. Today, Dec. 18, European customers received an email from HTC Exodus that explained, vaguely:
We are contacting you to let you know the shipment of your order has been delayed, as we are currently finalizing the last certification for European devices. We are working hard to get your order to you as soon as possible, and will keep you updated when we have a confirmed shipping date. We apologize for any inconvenience and thank you for your patience.
Cryptocurrency Exchange Ratings Updated
There’s a ratings system for everything within the cryptocurrency space these days, from influencers to coins, and from exchanges to blockchains. In October, news.Bitcoin.com reported on ICOrating.com’s exchange security assessment that deemed 54 percent of trading venues to have security holes of some kind. ICOrating.com has now updated its report to reflect new information and additions that have served to alter its assessment of the top 10 exchanges. Coinbase Pro, which occupied the top spot, has slipped to ninth, while Kraken has leapt from second to first.
Binance has dropped out of the top 20 altogether. “Overall, only 16 percent of exchanges fall into the A category. None of the exchanges have received an A+ rating,” noted ICOrating.com. While all ratings systems are subjective to a certain degree, their existence can only be a good thing if it spurs their subjects into improvement. Increased transparency and commitment to adopting better security standards will benefit not only exchanges, but also their customers, who can trade with confidence.
Crypto Figures Get Into a Tiff
A war of words has broken out between Ran NeuNer, host of CNBC’s Cryptotrader, and Larry Cermak of The Block. Cermak, together with his colleague Mike Dudas, published an exposé of a fraudulent ICO called BCT and accused NeuNer of being embroiled in it. The CNBC host hit back with threats of legal action, ordering The Block pair to delete tweets and amend their story, after explaining that he’d done nothing to facilitate BCT’s misbehavior, and was in fact a victim himself. In a rambling blog post titled “An open letter to The Block”, NeuNer wrote:
According to Larry, the alleged fraud, scams on investors and employees and a man working in this industry under a fake identity, weren’t the interesting part, but rather my alleged “involvement”. [Larry] went on to make a series of accusations — most of which are incorrect, negligent, inaccurate, defamatory and damaging.
NeuNer then complained of The Block only giving him six hours to provide his side of the story before Cermak’s publication went to press, which he believes was a deliberate move on their part. He finished: “I was a fan of The Block and a regular reader of its stories, but if I go by my experience of your unethical business practice, false reporting and lack of verification, then The Block is unfortunately not that publication.” Mike Dudas, for his part, has responded to NeuNer’s open letter by stating that The Block stands by its story, and extended him an interview invitation. NeuNer has yet to respond.
What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below.
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The post The Daily: HTC Blockchain Phone Delayed, Exchange Security Ratings Updated appeared first on Bitcoin News.
In today’s edition of The Daily, we cover a number of developments in the institutional segment, including a new BTC spot index, a delay in the launch of a futures platform and an investment by Binance in an over-the-counter (OTC) trading desk in San Francisco. We also cover an investigation into Tether and, on a lighter note, why Kobe Bryant is going to a crypto event.
Price Index Based on OTC Trading
MV Index Solutions, a Vaneck company with about $ 14 billion invested in its products, launched the MVIS Bitcoin US OTC Spot Index on Tuesday. The BTC index is based on price feeds from established U.S. digital asset trading operations. It tracks the price performance on three OTC liquidity providers, including Circle Trade, Cumberland and Genesis Trading.
“Vaneck continues to support market structure developments in the digital asset space. MVIS’ work with our core OTC partners, Cumberland, Circle Trade and Genesis Trading, is a major step forward towards greater transparency and price discovery in the institutional Bitcoin market,” said Gabor Gurbacs, director of digital asset strategies at Vaneck/MVIS. “The index may pave the way for institutionally oriented products, such as ETFs, as well as provide further tools to institutional investors to execute institutional size trades at transparent prices on the OTC markets.”
Bakkt Launch Now Planned for Late January 2019
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that it will delay the launch of its bitcoin futures platform, which was originally slated to open in December. The start of trading on Bakkt is now set for Jan. 24, 2019.
“As is often true with product launches, there are new processes, risks and mitigants to test and retest, and in the case of crypto, a new asset class to which these resources are being applied. So it makes sense to adjust our timeline as we work with the industry toward launch,” stated Bakkt CEO Kelly Loeffler.
Loeffler also revealed that Bakkt now has insurance for bitcoin in cold storage. It is now in the process of securing insurance for the warm wallet within the Bakkt Warehouse architecture, she added.
Market Manipulation Investigation Focuses on Tether
The U.S. Department of Justice investigation to determine if anyone is manipulating cryptocurrency prices is reportedly zeroing in on Tether (USDT). Federal prosecutors are said to have recently started focusing on allegations that Tether and Bitfinex have been used to illegally influence the market, according to three people familiar with the matter. They are looking into how Tether Ltd. prints new coins and why they primarily enter the market via Bitfinex, the unidentified sources added.
The investigation follows a report by University of Texas Professor John Griffin and co-author Amin Shams that links Tether to the 2017 bull market.
Binance Backs China-Focused OTC Trading Desk
Binance Labs, the incubation arm of the cryptocurrency exchange, has made a $ 3 million investment in San Francisco-based OTC crypto company Koi Trading. With desks in Hong Kong and Beijing, Koi Trading offers global market-making for cryptocurrency exchanges and high-frequency trading, as well as support services such as quantitative research and compliance consulting. Its founding team consists of three former core team members of Hbus, the U.S. partner exchange of Huobi.
Koi Trading said it looks for underserved clientele in China and the U.S., even in today’s market. The company explained that OTC trading in China boasts a daily volume of at least 150 million yuan ($ 21.6 million). However, without trusted escrow agents most trades are arranged via messaging apps, so it is difficult to secure professional service providers.
“With Koi’s robust AML program, extensive banking relations in the U.S., investment from Binance Labs, and strong trust amongst counterparties in Greater China, we aim to be the market nexus that reduces trust and information asymmetry and improves cryptocurrency OTC deal close rate,” said Hao Chen, founder and CEO of Koi Trading.
Kobe Bryant to Attend Cryptocurrency Summit
Tron has announced that Kobe Bryant will be a special guest at Nitron Summit 2019, which will take place in San Francisco in January. The former NBA superstar is scheduled to share his “life experience and insights” at the event, presumably with an emphasis on how he transitioned from basketball to the business world. Bryant is the co-head of his own investment firm, Bryant Stibel, which has invested in 15 ventures, including a sports media website, a video game publisher and an online education platform in China.
“Kobe Bryant is a basketball genius. I have been a huge fan of Kobe and deeply inspired by his journey,” Tron founder Justin Sun commented. “It’s my great honor to have Kobe as our special guest for the Nitron Summit. It’s worth mentioning that Kobe Bryant is not only a basketball genius, but also an investment genius. We look forward to hearing his great speeches at the summit.”
What do you think about today’s news tidbits? Share your thoughts in the comments section below.
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All petitions against the crypto banking ban by the Reserve Bank of India (RBI) are supposed to have been heard by the country’s supreme court on September 11. However, the court has been busy every day this week and has postponed the RBI ban hearing.
RBI Ban Hearing Postponed
The Supreme Court of India was supposed to hear all petitions regarding the crypto banking ban by the country’s central bank on Tuesday, September 11. The RBI issued a circular banning all regulated financial institutions from providing services to crypto businesses on April 6.
As all eyes in the Indian crypto community were on the court to see if the RBI ban will be stayed, the supreme court adjourned on Tuesday without hearing the crypto case due to other cases running over time. The case was again postponed for the same reason on Wednesday and Thursday.
Furthermore, Nischal Shetty, the CEO of crypto exchange Wazirx, told news.Bitcoin.com that “It wasn’t scheduled for today [Friday] after yesterday’s delay.” Crypto Kanoon, a news and analysis platform, tweeted on Thursday:
As the arguments will continue for long in another matter, the court has adjourned all other matters including crypto matter. Matter is now likely to be listed on Tuesday [September 18].
Indian Association Tries to Get Attention of the Court
Among the petitions against the RBI ban was one submitted by the Internet and Mobile Association of India (IAMAI). The non-profit organization filed its petition in May, which was heard on July 3 and July 20, before it was postponed to September 11.
At both hearings, the court did not grant a stay on the central bank’s ban. The association also tried to educate the RBI by filing a representation explaining how blockchain and cryptocurrency work. However, their effort did not sway the central bank.
On September 12, Crypto Kanoon tweeted, “As per our internal sources, IAMAI is going to mention the crypto matter at 10:30 before Court No. 9 for seeking adjournment for the purpose of filing rejoinder to the counter affidavit recently filed by one of the respondents.” The platform soon tweeted further, “The court has declined to entertain the mentioning done by IAMAI for adjournment.”
Confusion Over the RBI Affidavit
On Tuesday, September 11, CNN News18 reported that the central bank had filed an affidavit with the supreme court. The news outlet wrote:
RBI files affidavit in top court against cryptocurrency and says that it can’t recognize bitcoins under the current legal regime as virtual currencies are neither money nor currency, can’t even be considered as a valid payment system.
Citing this report, Indiabits, which represents a community of blockchain enthusiasts, tweeted, “supreme court to hear affidavit filed by RBI on the matter on September 17th.” It also pointed out that, based on publicly available information on the supreme court website, RBI filed a counter affidavit on September 8, with a “computer generated date” for the hearing listed as September 17.
However, disputing the above information, Crypto Kanoon claims that this RBI affidavit was the same one filed in May, which they reported on at the time, adding that the “supreme court nvr [never] posted crypto matter on 17th Sep.”
Nonetheless, the crypto community will be watching the supreme court next week to see if the crypto case will eventually be heard. Shetty shared with news.Bitcoin.com:
The case has been postponed to monday…So let’s see what happens Monday.
What do you think of the supreme court repeatedly delaying the crypto case hearing? Let us know in the comments section below.
Images courtesy of Shutterstock, IAMAI, and the RBI.
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The post RBI Ban Hearing Delayed – Indian Supreme Court Too Busy for Crypto This Week appeared first on Bitcoin News.
The military parade President Trump requested for November has been pushed back to 2019, the Pentagon announced Thursday.
The Indian government previously planned to submit the proposal for crypto regulations in July. However, a senior official has revealed that the regulatory framework for cryptocurrencies in India has been delayed and will likely be ready by the year’s end. Meanwhile, the government is reportedly considering “launching crypto tokens for financial transactions.”
Indian Regulations Delayed
The Indian government has been working on cryptocurrency regulations. A panel was set up in December last year under Subhash Chandra Garg, secretary in the department of economic affairs, to propose crypto regulations in India. The proposal was supposed to be ready in July and the regulations unveiled in September.
However, Quartz reported on Sunday, August 12, that a senior government official familiar with the panel’s discussions indicated that “now that ‘looks difficult’.”
The publication wrote, “India’s cryptocurrency regulations will likely come by end of 2018,” adding:
A finance ministry panel is still evaluating how to treat blockchain and cryptocurrencies separately.
The official explained to the publication that “there are lots of issues that need understanding and lots of studying needs to be done.”
The news outlet elaborated, “the key issue facing the panel is if regulations can be drawn up to push the use of blockchain independently” and quoted the official describing:
Blockchain is an interesting thing. We definitely want to milk it effectively for financial transactions. So all officials are really trying hard to understand how to separately use blockchain, without cryptocurrency…And understanding a new software takes time.
Indian Government’s ‘Crypto Tokens’
On Friday, August 10, DNA India reported that the Indian government “is considering launching crypto tokens for financial transactions in the country, even as the existing ban on cryptocurrencies is likely to continue.”
While “crypto tokens are based on blockchain application,” the news outlet described that unlike cryptocurrencies, a “crypto token is a representation of money. It can’t be used in place of fiat money.”
The panel headed by Garg is also “studying the possibility of using various crypto assets, including cryptocurrency,” a senior official in the finance ministry explained and was quoted saying:
The committee is examining if crypto tokens can be used to replace smart cards such as metro cards in the public sector to start with. Similarly, in the private sector, it can be used in loyalty programmes such as air miles where its use is limited to buying the next ticket and can’t be converted into money.
While admitting that the new technology has a lot of promise, the publication noted that “Garg categorically denied allowing [the] use of cryptocurrency in any manner including in payment systems.”
When do you think India will finally come up with crypto regulations? What do you think of the government considering launching crypto tokens? Let us know in the comments section below.
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