Hong Kong Reveals Regulatory Framework for Crypto Exchanges, Funds Twitter Facebook The Hong Kong Securities and Futures Commission (SFC) released a statement today stipulating the regulatory standards that would define the trajectory of virtual assets portfolio managers and fund distributors, according to an announcement on its website. As per CCN’s report, the regulator had proposed the framework in a research …
EOS Rises 5% as Tokens Record Big Gains, Crypto Market Adds $2 Billion 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 …
Institutional investors are increasingly getting involved in bitcoin and other cryptocurrencies – while the number of retail investors in the space is staying stagnant – according to a new report by Morgan Stanley. In an update to “Bitcoin Decrypted: A Brief Teach-In and Implications,” the global banking giant’s research division delved into the last six months of bitcoin and highlighted certain trends …
Aerum’s Pre-Sale is currently live. To help ICO contributors, the team has decided to take ETH contributions at a $300 rate from Nov 1st until Nov 4th. A demo of their platform is available on their site. AERUM’s mission is to provide a complete infrastructure for permission-less financial Applications serving a decentralized economy, with real-time and free transactions to consumers and nearly unlimited scalability. …
There is a phenomenon in anthropology called the “Cargo Cult.” It was first observed in Melanesia in the late 19th century and most famously chronicled after World War II when remote Pacific tribes created pastiche airplane runways and mimicked long-departed air-traffic controllers in attempts to stimulate the return of military airdrops. Cargo-culting consists of groups of people mistaking form for …
New Zealand’s state-backed innovation institute Callaghan Innovation awarded a $330,000 grant to a local crypto wallet and trading service, according to a press release published Tuesday, Oct. 30. Callaghan Innovation issued an “R&D Project Grant” to local crypto wallet and trading platform Vimba, a rebranded version of former MyCryptoSaver. Following the grant, the crypto startup is reportedly set to expand …
Leading VC Investor: Dismissing Crypto is Like Dismissing Internet in 1993 Benedict Evans, a general partner at Andreessen Horowitz (A16Z), one of the most successful venture capital firms in the world, has said that crypto is quite similar to the internet in 1993. As with any other emerging technology or market, the cryptocurrency space has seen a large number of …
Ledger, the hardware cryptocurrency wallet maker, plans to add support soon for more stablecoins, including expanding tether (USDT)’s usability across all its products and services, executives said. Currently, the company supports tether for its two handheld storage products, the Ledger Nano and Ledger Blue, but it intends to add the U.S. dollar-linked cryptocurrency to its institutional vault service. Despite USDT’s …
Goldman Sachs is Signing up Customers for its Bitcoin Trading Product: Report Investment banking giant Goldman Sachs has quietly begun signing up a limited number of customers for its yet-to-launch bitcoin trading product. Citing a source familiar with the matter, The Block reports that the 149-year-old Bulge Bracket bank has onboarded a “small number of clients” to actively trade the …
News The San Francisco-based cryptocurrency exchange and brokerage service Coinbase announced on Tuesday that it had raised $300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up to $8 billion. Coinbase Raises More Funds in Order to Expand Global Efforts Coinbase has raised more …
