London Stock Exchange, Banks and Trading Firms Create Blockchain Group

Several prominent exchanges, trading firms and banks have come together to set up a blockchain-based settlement group that could significantly transition the current securities market in the way of settling securities trades. A group comprising of the London Stock Exchange, UBS, the CME Group, Societe Generale, LCH.Clearnet and Euroclear have formed an initiative to look into the possibilities of bringing blockchain technology to securities trading. As reported by the Financial News, sources familiar with the group have confirmed three meetings that have already taken place in recent months. A …

Coin.mx Operator Anthony Murgio Pleads Not Guilty To Money Laundering

Anthony Murgio, a Florida man charged with operating an illegal bitcoin exchange owned by the ringleader of a group of hackers that are accused of stealing millions of dollars from major banks, pleaded not guilty to money laundering in a Manhattan court room Tuesday, according to Bloomberg. Murgio also pleaded not guilty to running an illegal bitcoin exchange, wire fraud and conspiracy. U.S. District Judge Alison Nathan set an Oct. 31 trial date for Murgio, who remains free on bond. Also read: Coin.mx operators also JP Morgan Chase …

Align Commerce Uses Bitcoin To Facilitate Cross Border Payments, Raises $12.5 Million In Series A Funding

Align Commerce, a San Francisco, Calif.-based cross-border payments service provider that exchanges a payer’s fiat currency into bitcoin, then exchanges it into the payee’s currency, has raised $12.5 million in Series A funding by Kleiner Perkins Caufield & Byers, according to today’s Wall Street Journal. Align Commerce’s money transfer model avoids the “cumbersome” bank wire process for payments, according to CEO Marwan Forzley, who started the company after serving as general manager at Western Union. The company can also offer features like tracking fund movement in real time …

Bitcoin Price Holding To Line Of Advance

Bitcoin price returned to a central line of advance, after temporarily dropping below it over the weekend. The price action now unfolding in the chart is characteristic of previous consolidative periods. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h39 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price had fallen towards $300 and then promptly returned …

MIT to Host Bitcoin Core Developers

The Media Lab at the Massachusetts Institute of Technology (MIT) will host three Bitcoin core developers at the MIT Digital Currency Initiative today. An MLTalks (MIT Labs) session will see three Bitcoin core developers in a conversation session hosted by former White House advisor Brian Forde today. The event is scheduled to start Tuesday, November 17, 2015, 2:30 PM – 4:00 PM. A live webcast can be found streaming here. Gavin Anderson, Cory Fields and Wladmir Wan der Laan are all expected to attend, Gavin Anderson, as many bitcoin enthusiasts already …

Are Marijuana, Binary Options And Bitcoin ‘Flavors Of The Month’ For U.S. States’ Watchdogs?

Are marijuana, binary options and digital currency the flavors of the month for U.S. state securities regulators? You might think so based on warnings issued by Washington and Colorado state officials and reported as such by local media. Recently, CCN reported the Washington Department of Financial Institutions issued an alert warning consumers about investing in marijuana, binary options and digital currencies. The News Tribune in Tacoma, Wash. reported this alert, warning consumers against becoming victims of “the next big thing.” Later in the day, I noticed the Colorado Securities …

Satoshi Nakamoto Not Eligible For Nobel Prize

Although UCLA Professor Bhagwan Chowdhry chose to nominate the pseudonymous creator of Bitcoin, Satoshi Nakamoto, for the Nobel Prize for Economic Sciences, it appears the The Royal Swedish Academy of Sciences will not consider the nomination unless the legendary Nakamoto were to reveal his identity. The organization’s press officer, Hans Reuterskiöld, told Inverse.com that the prize is never awarded anonymously nor after someone has died. The prize, as in this instance, the Sveriges Riksbank Prize in Economic Science in Memory of Alfred Nobel, is never awarded anonymously nor posthumously. …

Music Industry Receptive To Blockchain Technology

Phil Barry believes the Ethereum blockchain can change the music industry. To him,  it is “the current best system for building complex decentralised applications.”   Barry might know. He consulted for Courtyard and ATC Management, leading a team working on financial analysis, media strategy and user experience for the world-first release of Thom Yorke’s solo album Tomorrow’s Modern Boxes on BitTorrent. He currently leads up Ujo Music. Ujo aims to engage in a nmber of joint experiments with artists, PROs and music companies into 2016, striving to represent a …

Rootstock Merges Bitcoin and Ethereum to Help World Bank with Micro-Lending

Rootstock, a P2P platform based on the block chain that implements smart contracts using the capabilities of Ethereum with the transparency and security of the bitcoin network, is negotiating with the World Bank and some Latin American banks to provide microlending for the unbanked, according to the International Business Times. Rootstock hopes to give banks the means to issue loans from smart contracts. Rootstock combines the capabilities of Ethereum with the bitcoin network’s transparency and security by using sidechain technology. Bitcoin serves as the fuel that runs the smart contract. Nick …

GhostSec: ISIS Has Bitcoin Wallet Worth $3 Million

Following the recent attacks on Paris, GhostSec, an Anonymous off-shoot which actively hacks ISIS efforts worldwide, said that ISIS regularly uses cryptocurrencies to fund its operations. It offered evidence from September, in which the group believed it had uncovered a single address worth $3 million in bitcoins (which would have appreciated significantly here recently.) The group had a lot more to say during an interview with a competing outlet, NewsBTC, who beat CCN to the scoop. The Islamic State does use cryptocurrencies as a form of income to fund …