Day: November 1, 2018

Crypto Bear Market Could Last Another 18 Months

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The CEO of major crypto derivatives platform BitMEX, Arthur Hayes, has said he believes the crypto winter could last 18 months, in an interview with Yahoo Finance UK Oct. 31. Hayes – an ex-Deutsche Bank and Citi trader who co-founded Seychelles-registered BitMEX back in 2014 -– said that “based on previous experience,” the low volatility and volume trading climate could “persist for another 12 to 18 months,” continuing: “I started in bitcoin in 2013 when the price went from $250 to $1,300 and then 2014 to 2015 was sort of…

NASDAQ Eyes Crypto Market Manipulation Use Case for Market Surveillance Tool

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The world’s second-largest stock exchange NASDAQ says its market surveillance technology can “stamp out manipulation” in cryptocurrency markets, Bloomberg reported Nov. 1. The publication referenced an unpublished paper from NASDAQ released Thursday, in which it explains it has invested “decades” developing tools for catching and preventing market manipulation. “Regulators, brokers and exchanges have surveillance teams that monitor activity constantly and advanced technologies to help capture and analyze abusive behaviors including pump-and-dump schemes, insider trading, wash trading as well as spoofing and layering,” it states. The move comes as Bitcoin’s new-found…

Goldman Sachs To Offer Bitcoin Derivatives Trading For Selected Clients

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Goldman Sachs, the global investment banking behemoth, will soon start rolling out a Bitcoin [BTC] derivatives trading facility, and has been working with a small number of selected clients to trade the product actively, The Block reported on October 30, 2018. Goldman Sachs Taking On Clients For Trading Bitcoin Derivatives Goldman Sachs, the white-shoe New York investment bank, has been one of the first major financial institutions to announce plans or a trading desk created specifically for cryptocurrencies. Dubbed the darling of the cryptocurrency world, the bank had many observers…

Bithumb, SeriesOne to Launch Security Token Exchange in the US

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South Korean crypto exchange Bithumb has teamed up with crowdfunding platform seriesOne to launch a complaint security token exchange in the U.S. The joint venture was revealed in a press release from seriesOne shared with CoinDesk on Thursday, which adds that the exchange launch is still subject to regulatory approvals from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). SeriesOne already offers an SEC-regulated platform that supports projects launching initial token offerings,as well as traditional equities and debt offerings. “I believe that our companies will be…

Ethereum 2.0 Launch ‘Really Not So Far Away,’ Says Vitalik Buterin in Devcon4 Keynote

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Ethereum co-founder Vitalik Buterin unveiled the roadmap for what he described as the “coherent whole” Ethereum 2.0 in a keynote presentation at the Devcon4 conference in Prague Oct. 31. Dubbed ‘Serenity,’ the project encompasses multiple projects Ethereum developers have been working on since 2014. “Ethereum 2.0 is […] a combination of a bunch of different features that we’ve been talking about for several years, researching for several years, actively building for several years that are finally about to come together in one cohesive whole,” Buterin summarized during his talk. Ethereum…

Morgan Stanley Report: Cryptocurrency Popularity is Growing as Institutional Investment

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The report says that a growing number of institutional players from the global financial space are moving towards investing in Bitcoin and the overall cryptocurrency market. The research arm of banking giant Morgan Stanley recently released a report showing the increase in institutional participation in the cryptocurrency market. On Wednesday, October 31st, Morgan Stanley released an update to its report – “Bitcoin Decrypted: A Brief Teach-In and Implications”. In the report, Morgan Stanley highlights the trends over the past six months of Bitcoin and the overall crypto market. However, Morgan Stanley…

Binance Freezes WEX Accounts Caught Moving Possibly Stolen Funds

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Twitter Facebook Intrigue abounds around the allegedly Singapore-based WEX exchange, whose ownership and activities have both been called into question in recent months. Particularly of interest was the exchange listing a much higher market price for BTC and weirdly overcharging for USDT. CCN previously gave our readers an overly interesting report on the exchange in which writer Conor Maloney explained: WEX is a rebranded version of the BTC-e exchange which was shut down in connection to a multi-billion dollar money laundering operation with a Russian national named Alexander Vinnik reportedly…

Jamie Dimon Comments on Bitcoin Yet Again, Says He Doesn’t Give a Sh*t About It

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On the eve of the 10th anniversary of the Bitcoin (BTC) white paper, Oct. 30, JPMorgan CEO Jamie Dimon found himself speaking yet again about the leading cryptocurrency, notwithstanding his track record of attempts to extricate himself from the debate. As CNBC reported Oct. 31, Dimon made his “reluctant” comments at the Axios conference in Los Angeles on Tuesday. Referring to his now-notorious statement that Nakamoto’s invention is little more than a “fraud,” the CEO told the audience: “I never changed what I said, I just regret having said it.…

EOS Rises 5% as Tokens Record Big Gains, Crypto Market Adds $2 Billion

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Twitter Facebook Tokens and several major cryptocurrencies such as EOS have demonstrated strong short-term momentum over the last 24 hours, pushing the valuation of the crypto market to $206 billion. The volume of Bitcoin, which declined to the mid-$3 billion region, recovered to $4.2 billion, showing a clear increase in trading activity across major cryptocurrency exchanges. Affected by the increase in the volume of Bitcoin, tokens and digital assets such as Loom, Status, Bancor, WaltonChain, Pundi X, OmiseGo, and Zcash recorded gains in the range of 8 to 20 percent,…

Cloud Computing Platform Releases New Solution For Data Protection

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On Nov. 1, 2018, iExec, a decentralized marketplace for computing power based in Lyon, France, released its end-to-end trusted execution environment. The developers of iExec describe the technology as “the first Intel SGX scalable solution for businesses to achieve privacy and security in blockchain-based computing.” What is Intel SGX? Intel SGX, or Software Guard Extensions, is a popular architecture extension, introduced in 2015. It was designed to increase the security of application code and its data. As described on Intel’s website, Intel SGX makes protection possible through the use of…