Water Management Firm to Use Data Gumbo’s Services for Efficiency

Water Management Firm to Use Data Gumbo’s Services for Efficiency 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Austin-based Antelope Water Management has announced that it is going to start using a blockchain platform developed by Data Gumbo.  The announcement appeared in a press release on Aug. 15. Antelope Water Management is a company that develops sustainability-focused water services for oil and gas extractions, while Data Gumbo provides blockchain services for the oil and gas industry.   According to the release, Data Gumbo’s blockchain network, GumboNet, will provide Antelope’s customers and vendors with data transparency, automatic contract executions and payments. Antelope CEO Dustin Brownlow remarked: “Data Gumbo is a…

Gold Breakout Could Jolt BTC Above $12K, Say Analysts

Gold Breakout Could Jolt BTC Above $12K, Say Analysts 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin (BTC) price remained fairly buoyant on Aug. 13 despite a fresh delay of an exchange-traded fund (ETF) by United States regulators.  Market visualization. Source: Coin360 Bitcoin price unfazed by Bitcoin ETF delay Data from Coin360 showed BTC/USD clinging to support above $11,000 Tuesday, as the fallout of another delay to a Bitcoin ETF hitting the market appeared to impact markets less than ever before. Bitcoin was down 0.22% at press time, while 7% weekly losses contrasted with the cryptocurrency’s best weekly close of 2019 set over the weekend. Bitcoin…

Certain Tokens Need a Safe Harbor

Certain Tokens Need a Safe Harbor 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce expressed interest in building a non-exclusive safe harbor for token offerings. The news was reported by Singaporean blockchain business consulting firm Jenga BCG in a press release published on Aug. 5. Per the document, Pierce made her remarks during the Convergence Forum held at the Singapore University of Social Sciences and sponsored by the local blockchain business consulting firm Jenga BCG. The conference — which has allegedly seen over 500 attendants on July 30 — reportedly included discussions brought on by…

Buying Crypto With The Apple Card Violates Its Customer Agreement

Buying Crypto With The Apple Card Violates Its Customer Agreement 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

According to the Apple Card Customer agreement, users will not be permitted to buy cryptocurrencies using the company’s upcoming credit card service. Goldman Sachs published the agreement on July 2, according to a report by Reuters on the same day. As per the report, American tech giant Apple is releasing the Apple Card in partnership with investment banking company Goldman Sachs as part of a broader business plan to bring in more revenue through service offerings.  According to the card’s customer agreement, cryptocurrency purchases fall under the heading of cash…

Bahrain Crypto Exchange Gets Central Bank License in Middle East First

Bahrain Crypto Exchange Gets Central Bank License in Middle East First 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bahrain-based cryptocurrency exchange Rain has become the Middle East’s first exchange to receive a regulatory license. In a blog post from July 31, Rain confirmed it had received a Crypto-Asset Module (CRA) license from the Central Bank of Bahrain. The license came the same week Rain announced successful closure of a $2.5 million funding round backed by partners including the V.C. arm of crypto derivatives giant BitMEX. Kuwaiti blockchain fund Blockwater also contributed. The blog post reads:  “With this license, Rennes has become the first encrypted currency trading platform in…

3 Reasons Analysts Are Bullish on Bitcoin Despite 33% Price Correction

3 Reasons Analysts Are Bullish on Bitcoin Despite 33% Price Correction 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

As Bitcoin dropped an additional 8% on Saturday, naysayers claim the rally to a new all-time high is over. So what is it that’s keeping market analysts bullish in the face of a 33 percent correction?  Bitcoin price bears draw a line at $10,000 Bitcoin’s most recent price action has been less than satisfactory, unless you’re a bear. To date, the top digital asset is down 32% from it’s 2019 high of $13,739 and short term price action remains overwhelmingly bearish.  Over the past two weeks Bitcoin formed an M-top…

US SEC Gives Crypto Gaming Firm the Go-Ahead on ‘Quarters’ Token

US SEC Gives Crypto Gaming Firm the Go-Ahead on ‘Quarters’ Token 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The United States Securities and Exchange Commission (SEC) has cleared a crypto gaming company to issue blockchain tokens without registration, deeming the tokens to not be securities. The SEC published its determination on July 25 via the commission’s website, as a reply to an apparent inquiry from the company Pocketful of Quarters (PoQ) on its proposed “Quarters” tokens. Jonathan Ingram, the chief legal advisor of the SEC’s FinHub division wrote: “Based on the facts presented, the Division will not recommend enforcement action to the Commission if, in reliance on your…

German Regulator Greenlights $280 Million Ethereum Real Estate Bond

German Regulator Greenlights $280 Million Ethereum Real Estate Bond 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The German Federal Financial Supervisory Authority (BaFin) approved an Ethereum-based real estate bond of security issuance firm Fundament Group. The company announced the news in a press release shared with Cointelegraph on July 23.  Regulated real estate bonds on the Ethereum blockchain The given bond backed by a portfolio of properties in major German cities with an issued volume of 250 million euros ($280 million). The firm’s solution reportedly leverages standardized and regulated financial instruments to build a real estate-backed asset that can be traded worldwide independently of banks. Providing…