Day: June 26, 2019

Bitwise to Launch Another Crypto Exchange-Traded Product

boss

Crypto asset manager Bitwise has partnered with Swiss fintech startup Amun AG to launch another multi-crypto-based exchange-traded product (ETP), according to a press release on June 26. Bitwise’s index calculation subsidiary, Bitwise Index Services, has licensed “The Bitwise 10 Select Large Cap Crypto Index” to Amun AG to bring a diversified crypto ETP, the announcement says. The index will act as the benchmark index for an ETP product called “Amun Bitwise Select 10 Large Cap Crypto Index ETP” operating under the ticker symbol KEYS, according to a report by crypto…

Bitcoin ATM Count Skyrockets to 5,000 as BTC Passes $12,000

boss

Bitcoin ATMs on The Rise Since the first Bitcoin automated teller (ATM) was launched in Vancouver, Canada during late-2013, this form of infrastructure has been lauded as a viable medium of global adoption. For many common consumers, ATMs are a perfect segway from the world of traditional finance (fiat) to cryptocurrencies, as such devices make purchasing Bitcoin intuitive, physical, and accessible. In fact, compared to using exchanges like Bitfinex, Coinstamp, and the like, ATMs are a proverbial piece of cake. The viability of cryptocurrency ATMs has resulted in a mass…

Northern Trust Hands Off Blockchain Solution to Fintech Firm

boss

Northern Trust has handed over its blockchain platform to fintech firm Broadridge Financial Solutions, according to a press release on June 26. The Chicago-based asset management firm Northern Trust has handed over its blockchain-based private equity (PE) management solution to Broadridge for further improvement. The platform purports to streamline and automate certain tasks, such as middle office functions. The PE blockchain solution will initially roll out “to all PE funds domiciled in Guernsey and Delaware, including those administered by Northern Trust.” Pete Cherecwich, President of Corporate & Institutional Services at…

Bitcoin Falls by $1,400 After Crash of Major Crypto Exchange Coinbase

boss

Bitcoin’s (BTC) price fell by $1,400 within minutes after a crash of United States-based cryptocurrency trading platform Coinbase. Coinbase first reported that it was investigating an issue in which its API and website were not functioning properly at 1:47 p.m. PDT on its status website.  According to the daily chart of bitcoin price on Coin360, bitcoin’s price and market cap began to plummet around 1:25 p.m. PST, just minutes before Coinbase’s first announcement. Bitcoin 24-hour price chart. Source: Coin360 By 2:13 p.m. Coinbase reported that it had identified the problem…

Former Mt. Gox Traders Sue Stellar’s Jed McCaleb for 80,000 Bitcoin Loss

boss

Jed McCaleb, the current Chief Technological Officer (CTO) of blockchain project Stellar and the founder of the now-defunct cryptocurrency exchange Mt. Gox is facing a lawsuit over his alleged mismanagement of the Tokyo-based trading platform, The Next Web reports, June 26, 2019. Former Traders Sue Jed McCaleb On May 19, 2019, two former cryptocurrency traders at Mt. Gox, Joseph Jones and Peter Steinmetz filed a complaint with a court in California alleging that McCaleb was “fraudulent and negligent” during his tenure as the owner of the shuttered digital currency exchange.…

TRON Foundation Announces $20 Million Buyback Plan

boss

The Tron Foundation has announced a $20 million buyback plan in a blog post published on June 25. The buyback is purportedly part of an initiative to bolster community activity and market stability. The company is going to conduct the largest tron (TRX) token buyback plan so far with the widest coverage in the secondary market, the post reads. The buyback is set to last for a year in the form of several batches totalling $20 million. On January 1, 2020, the Tron Foundation will reveal its TRX holding, however…

Bitcoin Whales Are Cashing in as Gains Slip Away

boss

After a wave of aggressive buying, bitcoin whales are taking some profits. The “big money” investors drove the price up as high as nearly $14,000 in the last 24-hour period, reminding the crypto community of how the market dynamics can change on a dime. Now it seems they are cashing in on some of their fortunes as the buying momentum stops dead in its tracks. After rising as much as 22% in the last 24 hours, the BTC first slashed those gains in half. Now the gains are slipping away.…

Chainalysis Appoints Former FinCen Officer as Technical Counsel

boss

Blockchain analysis firm Chainalysis has hired a former official from the United States Financial Crimes Enforcement Network and the Department of Justice as Chief Technical Counsel, according to a press release published on June 26 Chainalysis has appointed Michael Mosier as its new Chief Technical Counsel. Mosier will now be responsible for legal expertise of Chainalysis products such as data privacy and global anti-money laundering, sanctions, policy, and government issues. At Chainalysis, Mosier will work closely with Jesse Spiro, Global Head of Policy, who joined the firm from financial information services…

CoinMarketCap Makes First-Ever Acquisition | Cointelegraph

boss

CoinMarketCap, a major source of prices and volumetric data on crypto markets, has revealed plans for its first-ever acquisition in a press release shared with Cointelegaph on June 26 The United States-based company is acquiring electronic crypto trading fund Hashtag Capital in order to expand its efforts within its Data Accountability & Transparency Alliance (DATA), an initiative launched in May 2019 to provide greater transparency in crypto space. Following the acquisition, the Hashtag Capital team will be joining CoinMarketCap to work on pricing algorithms for over 2,000 digital coins listed…

Blockchain Startup Waves Updates Blockchain to Allow for DApps

boss

Blockchain startup Waves has introduced an upgrade to its blockchain that enables decentralized applications (dApps) on the platform. The development was announced in a blog post published on June 25. The company has introduced a major update for its blockchain dubbed Waves Node 1.0, and released the mainnet of RIDE, that will purportedly allow the implementation of dApps on Waves.  The firm claims in the post that new mathematical functions of RIDE will enable developers to perform calculations on the Waves blockchain necessary for real use cases like  implementing an…