Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual Investors

Photo: Grayscale Investments / Facebook American digital asset manager Grayscale Investments has disclosed that it managed to gain regulatory approval from the Financial Industry Regulatory Authority (FINRA) to open its Ethereum Trust for the over-the-counter (OTC) markets under the trading symbol ETHE for retail investors. ETHE, that was launched and funded by Grayscale in 2017, represents itself an open-ended trust. It holds Ethereum and its value is influenced only by the value of the coin itself. According to the data of April 30, 2019, holding one share of ETHE meant being…

Crypto Prime Dealer SFOX Partners With New York Bank to Offer New FDIC Protection

Institutional cryptocurrency prime dealer SFOX has partnered with a New York bank to offer state-insured bank accounts for traders, the company confirmed in a blog post on May 14. SFOX, which says the move is an industry first, stated the deal with M.Y. Safra Bank primarily targeted institutional investors and funds. The company has been active in the trading space since 2014, and counts businesses such as Blockchain.com and Overstock subsidiary tZero among its clients. With Safra, SFOX traders will now have access to insurance through the United States government’s…

Belarussian Exchange to Offer Tokenized Government Bonds

The global exchange website Currency.com has announced that it will be offering a tokenized form of Belarussian government bonds, according to a press release on May 7. According to the press release, users can now use fiat money or cryptocurrencies bitcoin (BTC) and ether (ETH) to invest in and trade Belarussian government bonds. Belarussian-based company Currency Com Bel LLC is reportedly the first organization to tokenize government bonds. As is the case with other cryptocurrencies such as bitcoin, investors will be able to purchase fractional amounts of the new token.…

PR: Bitcoin.com and Cred Partner to Offer Lending and Borrowing

Bitcoin.com customers to earn up to 10% interest on BTC and BCH SAN FRANCISCO and TOKYO– Bitcoin.com, the leading source for Bitcoin information with over 4 million Bitcoin wallets, and Cred, the leading provider of crypto borrowing and lending with over $300 million in credit facilities, today announced a partnership that will allow Bitcoin.com customers to earn up to 10% of interest on their Bitcoin and Bitcoin Cash. “At Bitcoin.com, we believe borrowing and lending services are a natural next step for Bitcoin wallet holders and will be very attractive…

Crypto Exchange Bitfinex Shareholder Claims Imminent IEO Will Offer $1 Billion in Tokens

Crypto exchange Bitfinex shareholder Zhao Dong has revealed details of the company’s reported plans to issue a native exchange token, which he claims will launch via a $1 billion initial exchange offering (IEO) in the coming days. According to a report from crypto news outlet CoinDesk on May 1, the Chinese bitcoin (BTC) billionaire posted to a public chat on local messenger WeChat on Wednesday, outlining that the sale will offer a total supply of 1 billion tokens, priced at $1 apiece, with a minimum buy-in of $1 million. Zhao…

Report: E*Trade Prepares to Offer Crypto Trading

Online trading firm E*Trade Financial Group is preparing to offer cryptocurrency trading on its platform, sources familiar with the matter told Bloomberg on April 26. E*Trade will reportedly begin by offering bitcoin (BTC) and ether (ETH) after which it will add other cryptocurrencies. As one of the largest online trading platforms, E*Trade offering cryptocurrency trading could represent a significant step forward for cryptocurrency adoption. Per the firm’s annual report filed with the United States Securities and Exchange Commission (SEC) on Dec. 31, 2018, E*Trade had 4.9 million brokerage accounts and…

Robinhood Applies for Charter in Push to Offer Traditional Banking Services

Stock and crypto trading platform Robinhood has applied for a bank charter with regulators in the United States, S&P Global Market Intelligence reported on April 19. According to a statement, Robinhood says securing approval from the Office of the Comptroller of the Currency would be a first step towards being able to offer traditional banking products and services. Any full-service bank would likely operate alongside its mobile-focused trading arm, which enables users to trade cryptocurrencies, funds and options on their phones and desktops. Last year, it was estimated that five million users were trading crypto…

LedgerX Set to Beat Bakkt Becoming First to Offer Physical Bitcoin Futures

Photo: Coinspeaker LedgerX, the US provider of cryptocurrency derivatives, has announced their plans to dive into the market for physically-delivered Bitcoin futures and become the first US company to offer such a service. On Monday, the company applied for a designated contract market (DCM) license that would allow it to offer physically-settled Bitcoin futures products to its clients. Such trading firms as Bakkt, ErisX, Seed CX, and CoinFLEX have announced the same products. However, LedgerX is likely to have more chances for approval. As LedgerX co-founder Juthica Chou said, LedgerX…

Smart Cities Offer Promises and Concerns Over Privacy

The promise is great for so-called smart cities, which will deploy a network of interactive sensors to achieve efficiency and innovation. The smart city vision includes driverless cars, renewable energy to aid a city’s power consumption, energy-efficient buildings, and communications systems that work with the location’s infrastructure to avoid waste, among other features.   A report by the International Data Corporation (IDC) indicates that spending on smart city technology is expected to grow to $135 billion by 2021. Despite the promise of a futuristic and more environmentally friendly city, the results…

Blockchain Can Offer Tremendous Benefits for Industry

The President of the United Nation’s specialized agency for aviation has said that blockchain technology could offer tremendous benefits across aviation systems globally, industry news source AirTrafficManagement.net reported on April 4. The president, Dr. Olumuyiwa Benard Aliu, made his remarks to an international audience of government officials, aviation and tech experts during the inaugural Council for the International Civil Aviation Organization (ICAO) Blockchain Summit and Exhibition in Abu Dhabi. Dr. Aliu noted that with global air traffic volumes anticipated to double over the next 15 years, blockchain technologies have a…