Major crypto exchange Binance has made its first public acquisition, having bought Trust Wallet, according to an announcement July 31. Launched in 2017, U.S.-based Trust Wallet is an open source, anonymous, and decentralized wallet that supports Ethereum (ETH) and over 20,000 different Ethereum-based tokens (ERC20,...
Month: July 2018
Northern Trust Aids Hedge Funds in Cryptocurrency Investment | NewsBTC
Yet another firm from traditional markets has stepped into the cryptocurrency boxing ring, with Northern Trust recently diving down the metaphorical rabbit hole that is blockchain.Legacy Markets Firm to Make a Foray into Blockchain and CryptoAs per an exclusive Forbes article, Pete Chercewich, the President...
Asset Management Firm Northern Trust to Start Crypto Custody Business
Northern Trust Corp., a leading global asset management firm with $954 billion in total assets under management, is planning to start a custody service for digital assets, Bloomberg reported July 31. The company’s head of corporate and institutional business Pete Cherecwich told Bloomberg that the...
Why Tokenization Is Still a Chimera: Expert Take
In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy....
Stellar Month: July’s Top Performing Crypto Asset Saw 40% Gains – CoinDesk
Bitcoin’s 26 percent rally left many a cryptocurrency in the dust over the course of July. Indeed, the bitcoin dominance rate, a widely used indicator that tracks the percentage of the total crypto market cap contributed by bitcoin, rose to 48 percent, up from 42...
Survey Finds That 88% of Crypto Exchanges Are Crying Out for Regulation | NewsBTC
A survey conducted by crypto-friendly payment company Mistertango has found that almost 9 out of 10 digital currency exchange platforms want to see the industry regulated. However, there are also some fears that said regulation could stifle crypto innovation.Cryptocurrency Companies Crave the Stability that Regulation...
Ripple Partners With Madonna to Fundraise for Orphans in Malawi – CoinDesk
Cryptocurrency payments startup Ripple is partnering with Madonna to raise funds for orphans in the African nation of Malawi. The legendary pop icon announced the fundraiser Monday as a way to celebrate her 60th birthday, saying all donations would go to Raising Malawi, a non-profit organization she...
Forrester Research: 90% of Blockchain Initiatives by US Firms Will Never Become Operational
About 90 percent of currently active U.S. companies’ blockchain initiatives will ultimately be abandoned. This statistic comes from a study by Forrester Research, cited by Bloomberg in an article July 31. The U.S. market research firm Forrester Research predicts that most of blockchain-powered projects initiated...
CryptoCompare Partners with Thomson Reuters to Provide Data on Crypto Markets | NewsBTC
A respected cryptocurrency market data website has partnered with Thomson Reuters. Going forward, CryptoCompare will provide data for the media and information firm’s market analysis platform Eikon.Partnership Brings More Functionality to Eikon Market Data PlatformThe partnership between CryptoCompare and Thomson Reuters will see the former...
Korean Officials Probe Shipwreck ICO for Possible Fraud – CoinDesk
Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported Tuesday. Authorities are reportedly looking into Shinil Group, which claims to have found a Russian shipwreck from the early 1900s, for possible fraud charges....