Day: August 28, 2018

Ethos Unveils Bedrock, A Revolutionary Platform Connecting Financial Institutions With the Blockchain

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ADVERTISEMENTS Leading cryptocurrency services provider Ethos, is unveiling its institutional blockchain solutions platform called Ethos Bedrock. Ethos Bedrock is a Blockchain Financial Services (BFS) platform – built with the vision of making blockchain and cryptographic protocols as easy and accessible to as internet protocols. Using Bedrock, Ethos says institutions can safely and securely leverage battle-tested, state-of-the-art digital asset technology, and lay the groundwork for crypto financial services such as custody, liquidity, brokerage and lending. Ethos’s flagship product, the Universal Wallet, runs completely on Bedrock APIs and is  Bedrock’s first reference application. In other…

PwC survey: 84% of companies now using blockchain, so what does the future hold?

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ADVERTISEMENTS Off the back of the release of PwC’s Global Blockchain Survey 2018, which highlighted that 84% of companies are now incorporating blockchain technology at some level, experts in the space — including Shiv Malik of Streamr, David Hanson of Ultra, and Manuel Martin of Orvium — address the ‘hype’ around blockchain, challenges facing the industry, and what the future holds for this nascent technology. Shiv Malik, Head of Strategy and Communications at blockchain-backed data platform Streamr says: “People are both over and underestimating the change blockchain will have on…

The Mt. Gox Redemption: Heading Toward a Happy Ending?

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The story of the infamous cryptocurrency exchange Mt. Gox seems to be taking a twist that could bring a relatively happy resolution to one of the most dramatic episodes in the short history of digital money. As the gates are now open for the Japan-based exchange’s creditors to file rehabilitation claims, chances are that most of the roughly 24,000 bereft patrons will eventually get their funds back and even see some returns on their involuntary, four-year long investment. The development came along thanks to a group of Mt. Gox creditors…

BTCUSD Testing Rising Wedge Resistance

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Bitcoin Price continued to establish new intraday highs on Tuesday bouncing from this week’s bottom near $6,559. The BTC/USD pair was hinting a strong push towards 7000-fiat while being on a slow-and-steady upside trend. Since its infamous 30-minute crash, the pair has come a long way to establish a new monthly high at 7127-fiat. On Tuesday, BTC/USD simply continued upward in presence of strong bullish sentiment. The pair underwent small correction only during the early Asian trading session but was supported by a favorable buying sentiment around 6850-6950-area. For the…

Investment Firm Morgan Creek Launches Digital Asset Index Fund Excluding Pre-Mined Cryptos

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Morgan Creek Digital, backed by the institutional investment house Morgan Creek Capital with $1.5 billion in assets under management , has launched a new Digital Asset Index Fund in partnership with Bitwise, Forbes reports August 28. The new fund will give accredited investors, endowments, pensions and other approved institutional investors the possibility to gain indirect exposure to Bitcoin (BTC), Ethereum (ETH) and eight other large market cap assets, although notably not Ripple (XRP) and Stellar (XLM).   This is reportedly because assets such as Ripple and Stellar were created through a…

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois

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The founder of now-defunct Bitcoin (BTC) exchange Mt. Gox Mark Karpeles has filed a motion to dismiss a legal case filed against him in Illinois, according to a report by Financefeeds August 25. The class action in question was originally filed in Illinois by Gregory Greene and Anthony Motto, two former clients of Mt. Gox who sought to hold Karpeles responsible for the money they have lost in the exchange’s collapse and bankruptcy back in 2014. Law 360 website reports that the plaintiffs accused the defendant of criminal conversion, negligence…

German Financial Group to Launch Crypto Index Funds for Institutional and Retail Investors

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Iconiq Funds, the asset management arm of Germany-based Iconiq Holding — the team behind the ICO and token sale accelerator program Iconiq Lab — is launching a series of digital asset index funds beginning in Q4 2018, the company announced on Aug. 17, 2018. Investment into crypto assets will become available through traditional and regulated financial vehicles, such as exchange-traded funds (ETFs) and exchange-traded notes (ETNs). The first digital asset index fund is planned to be launched under Maltese jurisdiction as a Professional Investor Fund (PIF). It is currently under…

Bitcoin Makes Gains Despite Further Bitcoin ETF Rejections and Chinese Crypto Crackdown: BTCManager’s Week in Review

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Bitcoin investors were able to sleep easier these past seven days, as the price of bitcoin managed to remain firm for the second consecutive week, gaining four percent week-on-week. Crypto Market Gaining Traction Bitcoin booked gains this week despite the SEC rejecting several newly proposed Bitcoin ETFs. SEC Commissioner Heather Pierce’s recent bitcoin-positive statements suggested that an ETF may be approved sooner than later. However, the SEC has made it clear that unless specific criteria are met, there will be no Bitcoin ETF. Typically, this would cause the price of…

Report Alleges North Korea Trialled BTC Mining, Local Firm Developing BTC Exchange

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North Korea (DPRK) has attempted to mine Bitcoin (BTC), Yonhap News reported August 27, citing a report compiled by a research unit from South Korea’s state-run Korea Development Bank (KDB). Yonhap notes that the mining attempt – which was allegedly conducted “on a small scale” between May and July 2017 – appears to have been unsuccessful, although the reasons for this remain unclear. According to Yonhap, the KDB report claims that North Korea’s interest resides in the essential “characteristics of cryptocurrencies, including anonymity, difficulties of tracing money and cashability.” The…

IOTA Price Soars 20%, Again

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The IOTA value extended its current bullish momentum on Tuesday owing to its recently announced partnership with Fujitsu. The Japanese tech giant picked IOTA from the basket of blockchain projects and named it as the new protocol standard for its IT equipment manufacturing service. The IOTA-integration would allow Fujitsu to handle data storing in production and to engage with the automotive and manufacturing industry. One other bullish factor that got overshadowed by the Fujitsu-announcement -and which could also have influenced the impressive IOTA rally – is Trinity Desktop Beta Wallet.…