Latest from the Quantamize Blog

Major Cryptocurrency News Headlines From This Week

May 18, 2018

  • Coinbase talked to US regulators about the possibility of obtaining banking licenses.
  • Coinbase has invested in a cryptocurrency startup that lets users earn interest on cryptocurrencies.
  • Switzerland is considering the possibility of a state-backed cryptocurrency according to a Reuters report.
  • The Wall Street Journal (WSJ) reviewed documents on 1,450 digital coin offerings and found that 271 of the coins had red flags that include: plagiarized investor documents, promises of guaranteed returns and missing or fake executive teams.
  • Bitcoin’s lightning network (LN) is approaching 2000 functional nodes as users are now highlighting the cost savings that come with the technology.
  • New York just granted its  5th BitLicense to Genesis Global Trading. The platform supports Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH) Ethereum Classic (ETC), Ripple (XRP), Litecoin (LTC), and Zcash (ZEC).
  • Canaan, a Bitcoin mining company is filing for an IPO in Hong Kong. The firm creates Avalon hardware equipment, produces ASIC mining chips and rigs.
  • Germany’s Stuttgart Borse, its second largest stock exchange, has announced it is launching a zero-fee cryptocurrency app.
  • Former JPMorgan executive Blythe Masters discussed Digital Asset’s (DA) efforts to integrate blockchain technology into capital market functions at Consensus 2018. DA is a startup that is working with the Australian Securities Exchanges’ clearing system and intends to integrate blockchain clearing on the ASX by late 2020 or early 2021.
  • The first commercial bond transaction using blockchain has reportedly been completed between Russian Bank Sberbank CIB and telecom firm MTS. MTS placed USD$12.11mm worth of bonds with Sberbank being the primary buyer using delivery versus payment method of settlement.
  • The Chinese government has been working on a rating system for roughly 28 cryptocurrencies and Ethereum (ETH) was ranked number one. The government ranked cryptocurrencies on technology, application and innovation.
  • Spanish bank Santander has become the first company to use blockchain technology for investor voting.
  • Nomura, Ledger and Global Advisors are planning on building a secure digital asset custody solution. The firms are creating Komainu, a project aimed at asset custody for institutional investors.
  • The U.S. Securities and Exchange Commission (SEC) launched a fake ICO today called HoweyCoin.
  • Coinigy is launching a subscription-based cryptocurrency trading mobile application via Coinigy Mobile.
  • CNBC’s Brian Kelly is launching a Blockchain ETF. The ETF will be actively managed and consist of a portfolio of 30 companies actively using blockchain technology
  • Telecom firm Nokia and Software company OSIsoft is partnering with Blockchain data platform Steamr to allow mobile customers to monetize their user data and make purchases.
  • FuzeX has created a smart eCard that enables shoppers to store up to 15 cryptocurrency accounts, 10 debit or credit cards and five reward accounts in one place.
  • Coinbase said that it will be upgrading its services to cater to ultrafast traders. This upgrade will make Coinbase one of the first bitcoin exchanges to welcome high frequency trading.
  • Social cryptocurrency trading and brokerage firm eToro is expanding to the United States in an announcement made at Consensus 2018.
  • HTC is selling a blockchain phone that will be dedicated to decentralized applications and security.
  • Cryptocurrency firm Circle, which bought cryptocurrency exchange Poloniex in February, has raised USD$110mm in Series E funding. The funding round was led by Chinese firm Bitmain Technologies and Blockchain Capital, Pantera, Digital Currency Group were other notable investors.
  • IBM and Veridium will be joining forces to bring carbon credits onto blockchain with the goal of making it easier for companies to offset their environmental footprints.
  • Thomson Reuters (TRI) is launching a cryptocurrency real-time rates data feed. The firm will be providing an API interface giving users data from various cryptocurrency exchanges such as Bitflyer and Bitpoint.
  • The banking unit of Japan’s Mitsbuishi UFJ Financial Group (MUFG) plans to trial its own cryptocurrency as early as 2019 according to Cointelegraph
  • Bitbond, an online Germany bank is now allowing customers to transfer loans using Bitcoin