LedgerX Launches Binary Wager On Bitcoin Halving

LedgerX has recently released a new type of derivative contract that is unique to Bitcoin (BTC).

The new product is called LedgerX Halving Contract (LXHC) which represents a binary option in which the payoff is either a fixed monetary amount or nothing.

The settlement of the contract is scheduled on the estimated time that Bitcoin halves.

Bitcoin halving is an event that happens every 4 years. In this event the amount of new Bitcoin created and earned by miners will be reduced in half.

The last halving event happened back in 2016 where the reward decreased from 25 BTC to 12.5 BTC.

There is no exact time when the next halving will occur but will is scheduled to commence when the Bitcoin blockchain reaches block no. 630,000.

LedgerX is a United States-regulated trading and clearing platform.

The company launched its first Bitcoin price volatility index named as LedgerX Volatility Index (LXVX).

The new index incorporates the level of fear and uncertainty in the Bitcoin Market thus can be thought of as the bitcoin fear index.

New Regulations In Crypto Economic Zone In The Philippines

The Cagayan Economic Zone Authority (CEZA), a government regulator for a crypto economic zone in the Philippines, has recently released new regulations to cover areas of the acquisition of cryptocurrencies.

The main aim of this initiative is to effectively regulate the crypto industry while safeguarding investor interest and promoting innovation.

The new regulations is called Digital Asset Token Offering (DATO) regulations which requires crypto asset creators to provide clear documentation of their offering with clear information of its issuer, project and accompanying advice and certification of experts.

In addition to this Tokens should be listed on the licensed Offshore Virtual Currency Exchange (OVCE).

In addition Participants are required to have confirmed arrangements with Ceza-accredited wallet providers and custodians.

The regulatory body of the said economic zone revealed that it is working with the Asian Blockchain and Cryptocurrency Association (Abaca) a self-regulatory industry representative body, whose obligations include executing and enforcing regulations.

It will also administer a code of conduct among its members .

Deloitte Successfully Concludes Blockchain-Based Pilot To Digitize Document Exchange

The auditing and consulting giant Deloitte has successfully completed a blockchain-based pilot program designed to connect multiple blockchain platforms to improve the efficiency and transparency of global supply chains.

Its main purpose is to digitize the process of exchanging documents between different companies and improve the traceability of digitized documents.

The pilot was completed in December 2018 in collaboration with shipping and logistics companies Kerry logistics and CargoSmart.

The companies where experimenting with the use of commonly used cloud net works and distributed ledger technologis (DLT) and make these platforms interoperatible.

This is not the first time blockchain technology was applied to the global shipping industry.

Technology giant IBM and Shipping giant Maersk back in August 2018 announced the creation of a blockchain-powered platform called TradeLensthat tracks important shipping data in real time.

In November 2018, a blockchain and shipping company CargoX completed is platform designed to create, transfer and state immutable and authentic ownership of information and documentation.

Bitcoin Accepted In 37 Cities In Argentina For Public Transport

According to news reports online commuters in 37 localities across Argentina will now be able to use bitcoin to top-up their SUBE travelcards.

This was made possible through the partnership with Alto Viaje and Bitex.

The former is a travelcard-loading platform and the latter a fintech company.

The initiative is widely seen as a positive step in creating awareness for the emerging asset class as it will get serious publicity from the project.

The CMO of Bitex, Manuel Beaudroit believes that this type of project is of great importance as it presents bitcoin as a disruptive technology for the common people, demonstrating the true value and the application it has in everyday life.

Currently the SUBE cards can be credited at all sub stations, national lottery outlets and at some kioskos with automated terminals.

It has been the objective of Alto Viaje to make the card-loading process as accessible as possible. Before adding Bitcoins they were accepting Paypal as one of the primary methods of cashing-in.

Litecoin To Be Upgraded To Include Privacy Features

There are reports moving around the internet that Litecoin (LTC) will potentially include privacy features.

According to its founder Charlie Lee, he will try to bring fungibility and confidential transactions to Litecoin.

Fungibility is the ability for value to move from host to host with maximum equality.

As it stands the number 1 crypto, Bitcoin lack this feature as it is not able to move from one owner to another without any identifying nark in a blockchain explorer.

Lee is considering to use Mimblewimble privacy protocol which is fairly new and achieves very high privacy at a very low cost of disk space.

Projects that use this protocol just went live Grin and Beam.

Lee is contemplating on a soft fork implementation of new privacy features of Litecoin.

The key to a soft fork is that it is backward compatible and thus optional for miners and node operators to implement.

Extension blocks is another way of implementation of new features for bitcoin-style blockchain but are extremely difficult to pull-off.

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