Coinbase Rolls Out New Update For Simplifying Crypto Trading

With the objective of simplifying crypto trading, the Coinbase cryptocurrency exchange has rolled out a new update known as ‘Coinbase Bundles’. This new update was shared by the Coinbase exchange in a blog published on its site on September 27.

This new update, Coinbase Bundles is a basket of five cryptocurrencies that are supported on the exchange platform and purchased in proportion to their market capitalization in U.S. dollars. The Coinbase Bundles comprises of Bitcoin Cash (BCH), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Ethereum Classic (ETC). The price of the smallest Bundle is $25, €25 or £25.

While the exchange has not specified a maximum purchase size for a Bundle for crypto trading, the exchange has limited the daily purchase amounts on a per-customer basis. After a customer purchases a Bundle, each type of virtual currency will be stored in their Coinbase wallet. It can be sold, bought, sent or received as an individual asset.

In the coming weeks, Coinbase expects to introduce this new product in the E.U., U.S. and the U.K. The exchange has recently announced a new asset listing process that allows listing more digital assets faster. This process refers to virtual coins that are compliant with the local law. This means that certain assets listed on the Coinbase platform will only be available to customers residing in particular jurisdictions.

The Coinbase exchange along with the Coinbase Bundle will now also host Informational Asset pages and a Coinbase Learn section that is aimed at educating newcomers to crypto trading, as stated in the Cointelegraph report.

The Information Asset pages will provide crypto trading customers with all the relevant information pertaining to the top 50 cryptocurrencies based on market cap. This page also provides users with information pertaining to the current market cap, historical trading data and referral links to project websites. The Coinbase Learn section is meant exclusively to enlighten newcomers on cryptocurrency, as stated in the Coinbase blog.

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Edinburgh Napier University Launches Research And Laboratory Blockchain Technology Protecting Personal Information Online

The Edinburgh Napier University has launched the first advanced blockchain identity research laboratory in the Merchiston Campus. The university is located in the capital of Scotland, Edinburgh. The laboratory has been formed in partnership with Blockpass IDN, an identity application firm from Hong Kong-based on blockchain and the Scottish University. The partnership involves an investment of £600,000 contributed by both the partners.

Also known as the Blockpass Identity Lab, this laboratory will be first of its kind facility based on blockchain research and will explore options to improve the data security ways online with the help of blockchain technology. The announcement about the partnership was made by Blockpass recently on its Twitter handle.

Through the funding, the partnership will support 5 Ph.D. students, research staff and built a virtualized blockchain-based environment. The facility will have the job to prioritize the key challenges that mostly focus on building new infrastructures for identification while respecting the rights, privacy, and consent of online users.

According to Kate Forbes, the Digital Economy Minister of Scotland, the research laboratory work is exciting and will explore the possibilities how blockchain solutions can protect the individual data from the reach of online hackers and scammers. The work will take forward the tradition of excellence and innovation as depicted by John Napier, said Bitcoin Exchange Guide. Napier is the Scottish mathematician on whose name the University at Edinburgh is known.

The University first announced the launch of this research laboratory in April this year. The decision was made owing to the numerous data breaches as well as similar scandals that have pointed out the risks a centralized platform pose to storing data, said News BTC.

The new facility will help to reduce such risks after a thorough research on blockchain and its capabilities. Even though most of the breaches and scams have affected the US, even the European companies are struggling to keep their data safe from the hackers. Reports indicate that around 17 percent population in the continent has been framed in these identity theft operations.

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Initial Coin Offering List Goes Long Way To Create Good ICO Rating

ICO rating is not an easy ask task unlike rating a film or a restaurant. An ICO list can be a great tool to rate an Initial Coin Offering.

It is particularly true for ICOs as it is tough to advertise it for restrictions imposed on a majority of platforms. So, if a list does not exist in the first place, it can be difficult to access new offerings to invest in.

There are many ingredients required to maintain a list of ICOs. These include a well-designed website, a reliable web hosting as well as some technique to keep updating the list.

There should be a list of Initial Coin Offerings awaiting ratings to rate them. In fact, an ICO list is an excellent tool for the digital currency community as it keeps collecting upcoming and ongoing ICOs in a single place. As such, potential crypto investors know that there is a great place for beginning their search.

The technique used can be either through inviting the Initial Coin Offering to submit their details to the list, utilizing a web crawler, or searching and including the ICOs manually. In case bot-generated or user-generated contents are used, a human team member should monitor the list to avoid embarrassing mistakes, which can be committed without checking the facts, according to Cointelegraph.

Websites For Rating Initial Coin Offerings

Every month, new projects are announced and ICOs are launched. However, at times, some of these ICOs are unable to deliver the promises made to their clients.

A majority of the investors take time to do some kind of a research and try to find the background of the offerings. At the same time, they are not sure what criteria to check on certain occasions.

It is precisely for that reason these investors rely upon renowned ICO rating websites.  The advent of various new technologies has also ensured the inclusion of advanced techniques to check the rating, Coin Idol reported.

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Huobi’s Presence In Top 10 Cryptocurrency Mining Pools With Substantial Profits In BTC Share

A subsidiary of Huobi Group, Huobi Pool is being declared one of the top 10 cryptocurrency mining pools on September 25. In the recent weeks, the company has encountered substantial profits in the share of the global Bitcoin mining operation and the entity’s share has augmented significantly.

Launched on March 30, 2018, Huobi Pool had gone down at the 13th position during the time of writing. Presently, it holds 1.47 percent share of the total pool. The news surrounding the entry into the top 10 ranking came after Huobi Pool Token was released, which is considered the first sub-token in the Huobi Token eco-system.

Since the launch of Huobi Pool Token, the renowned cryptocurrency mining pool has witnessed a huge growth of around 50 percent in computing power. On September 26 this year, the firm noted its computing power surpassing 1,000P hashpower.

One notable advantage for the Huobi users is that it can earn Huobi Pool Token by contributing hash power to the Huobi Pool while mining for Bitcoin Cash or Bitcoin, although 10 billion Huobi Pool Token was initially issued to the holders of Huobi Token. The Huobi users will be allowed to participate in the future development (of Huobi Pool) and can also get the share in the value growth of the firm, as reported in the press release aired by Cision PR Newswire.

The company recently commenced applications for Global Elites program that would offer the users with 2 Bitcoin for every successful referral. The members of the Global Elites program can not only participate in the marketing and promotional activities, but they will also receive first-hand research for the company and get the opportunity to take part in multiple ventures in the world, Blokt noted. The founder of Huobi, Leon Li met the Russian President Vladimir Putin’s advisor Sergey Glazyev in the capital city of China.

The purpose of making such cryptocurrency mining pool from the house of Huobi is to meet the requirements of the large community of miners in the digital assets. Since the pool is linked to the trading platform, the miners can make the trading on the Huobi Exchange.

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HDFC Mutual Funds Charity Fund For Cancer Cure – Arbitrage Plan Declares Dividend

HDFC Mutual Funds Charity Fund For Cancer Cure – Arbitrage Plan has declared dividend under the dividend option of its Regular and Direct Plans. The fund house has announced October 03, 2018, as the record date for the dividend declaration of the scheme.

Accordingly, the amount of dividend on the HDFC Charity Fund For Cancer Cure – Arbitrage Plan on the face value of 10 Rupees per unit will be 50 percent Dividend Donation @ Dividend Option (Regular and Direct Plans) and 100 percent Dividend Donation @ Dividend Option with Payout facility. The total dividend amount is limited to distributable surplus, as reduced by the applicable statutory levy.

The Closed-end Arbitrage Hybrid scheme aims to produce income via arbitrage opportunities between cash and derivative market and via investments in debt and money market securities.

The HDFC Mutual Funds Charity Fund For Cancer Cure – Arbitrage Plan was launched in March 2017. The face value of the Arbitrage scheme is 10.00 Rupees per unit and the fund size is 133.35 Crore Rupees.

The fund house has assigned Krishan Kumar Daga and Rakesh Vyas as the fund managers of the HDFC Charity Fund For Cancer Cure – Arbitrage Plan since March 2017.

Mr. Daga, a B.Com (H) graduate, has worked with Reliance Mutual Fund, Reliance Capital Ltd, Deutsche Securities, B&K Securities, Brics Securities, JP Morgan Securities and HSBC Securities before joining HDFC Mutual Fund. Mr. Vyas has worked with Lehman Brothers and Nomura, before joining HDFC AMC. He has completed B.E (Electrical) and PGDM (Business Management).

The NAV of the HDFC Charity Fund for Cancer Cure – Arbitrage Plan as on September 28, 2018, is 10.3440 Rupees, and the AUM of the scheme is 135.76 Crore Rupees. The scheme is benchmarked against NIFTY 50 Arbitrage Total Return Index, according to The Economic Times.

The fund house has announced the dividend declaration for the HDFC Mutual Funds Charity Fund For Cancer Cure – Arbitrage Plan on September 28, 2018, according to KJMC.

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Stock Exchange Live: IDBI Board To Meet On Oct 4 To Allot 51 Percent Stake To LIC

For stock exchange state-claimed IDBI Bank said on September 28, 2018, its board will meet one week from now to consider particular allotment of up to 51 percent shares to insurance behemoth LIC to secure the obligation ridden bank.

In a regulatory filing, IDBI Bank said it has gotten a letter from LIC passing on approval of their Board of Directors for buying into the value capital of the bank, through a special issue/open share, up to 51 percent, as a securing of controlling stake as the promoter in the bank.

IDBI Bank said, “IDBI Bank’s board will meet on 4 October to consider the preferential allotment of equity shares to LIC aggregating up to 51 percent of post-issue paid-up capital of the bank and for conducting postal ballot for obtaining shareholder’s approval for preferential issue of capital to LIC, under section 62(1) (c) of the Companies Act, 2013 and other consequential matters.”

On 17 July 2018, the bank’s board had approved a proposal for stock exchange looking for the government’s gesture to order LIC as a promoter once the existence safety net provider procures a dominant part stake in IDBI.

The Insurance Regulatory and Development Authority of India in June had allowed LIC to expand its stake from 10.82 percent to 51 percent in the IDBI Bank. According to current controls, an insurance agency can’t claim more than 15 percent in any recorded financial firm.

Prior this month, the LIC load up had taken a choice on the modalities and course of events for expanding stake in IDBI Bank to 51 percent.

According to the report of Livemint, on 29 June 2018, the Insurance Regulatory and Development Authority of India had given LIC a regulatory exemption to get over 15 percent stakes in the bank. Be that as it may, it needs to pare its stake to 15 percent more than five to seven years.

LIC has been hoping to enter the banking space by getting a majority of stake in IDBI Bank as the deal is required to give business cooperative energies in spite of the loan specialist’s focused on balance sheet.

With the culmination of the deal in stock exchange, LIC will get around 2,000 branches through which it can share its items, while the bank would get gigantic assets of LIC. IDBI Bank’s scrip shut at Rs 50 on BSE, up 0.40 percent, according to the report of Economic Times.

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Italy Enters Into Partnership With European Blockchain Business

The Government of Italy recently announced that it is planning to have a partnership in business with European Blockchain Partnership group. The primary intention behind the formation of this member group is to promote blockchain technology. Italy will be signing the agreement to become one of the member states and will be the 28^th member to do so. The agreement related to the deal was officially drawn in April this year.

The European Blockchain Partnership group started first with 22 member nations all of which belong to the European continent. Prior to conceiving this agreement the European Union first came out with an EU Blockchain Observatory and Forum. From the formation of this forum came up the investment of around EUR 80 million in the blockchain-based projects all over Europe. As per a report, the EU is now planning to add EUR 300 million in a span of four years to this amount and invest it in different blockchain projects.

The partnership in blockchain business between the European countries has been formed with the goal to promote the adoption of blockchain’s cutting-edge technology by the nations in Europe. According to the European Blockchain Partnership, “In the future, all public services will use blockchain technology. The blockchain is a great opportunity for Europe and member states to rethink their information systems, to promote user trust and the protection of personal data, to help create new business opportunities and to establish new areas of leadership, benefiting citizens, public services and companies.”

EU is waiting for the signing of this agreement by Italy as after the country signs it up, it will ensure that all the European nations have become the contributors to the Partnership, said The CCPress. Incidentally, the decision by the Italian Government has been applauded by the top officials of the government and virtual currency communities in the country.

According to Blocklr, EU has taken an initiative to form this blockchain partnership in business with different countries for creating “Digital Single Market.” The step will eventually simplify regulations to make it possible for all the 28 members to operate as a single economy.

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