Subject: 🚀 Bitcoin (BTC) futures is coming on 12th December 2018

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Intercontinental Exchange (ICE) reveals launch date for Bitcoin futures on Bakkt platform

The parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), has announced the launch date for Bitcoin (BTC) futures on its platform Bakkt to be on December 12, 2018, according to a document released Oct. 22.

The product will be physically-settled and cleared by ICE Clear U.S., Inc. The notice further explains:

“Each futures contract calls for delivery of one bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Business Day.”

Gov’t-Owned Holding Company Subsidiary Invests in Binance’s Singapore Expansion

Vertex Ventures - a subsidiary of Singapore government-owned Temasek Holdings, has announced an investment in the largest cryptocurrency exchange Binance to facilitate its expansion into Singapore. The expansion aims to create a fiat-to-crypto exchange based in Singapore among other services.

"We look forward to working with Changpeng Zhao and his team to drive innovation in the space while building a sustainable and compliant platform in Singapore," Joo Hock Chua, Vertex Ventures Southeast Asia & India's managing partner, said in a statement.

Source: Bloomberg
HTC blockchain smartphone available for pre-order

Smartphone Manufacturer HTC unveiled pre-order of their new "EXODUS 1" blockchain smartphone. Currently hinted to be priced at 0.15 BTC or 4.78 ETH, the phone comes with quality flagship specs.

According to details released by HTC, the smartphone will offer a quarantined section of ARM-based processors called "TrustZone" to store private keys. Similar to the workings of Secure Enclave in iPhones. The pre-order is available in 34 countries.

Source: Fortune
🎲 How Blockchain is changing IoT

The blockchain as a technology is basically providing the IoT stack with a secure data infrastructure to capture and validate data. As simple as that. Or at least it is a simple statement that contains three different nuances:
  • Securing data better: We know that blockchain protocols are not designed to heavily store data (they are indeed ledgers, not databases), but they can provide “control points” to monitor data access (Outlier Ventures, 2018);

  • Creating the right incentive structure: blockchain can create the right incentive structure to share IoT data. Cross-sectional data have been proved to have the most disruptive impact when applied across different industries, but the problem of how and why sharing data in the first place remains. Blockchain (and tokenization) can be used to solve this economic dilemma, and once data are shared can be more easily validated, authenticated and secured;

  • Creating a network of computers: distributing the workload and implement parallel computing tasks is something it is usually attributed to new AI or High-Performance Computing (HPC) applications, but a blockchain would be essential in this development authenticating and validating the single nodes of those networks (companies that are working in this space are Golem, iExec, Onai, Hadron, Hypernet, DeepBrain Chain, etc.).

Read the full article here: Medium
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