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Reality Shares confirms withdrawal of its bitcoin-ETF application
14 February, 2019 13:36

Reality Shares confirms withdrawal of its bitcoin-ETF application

Blockforce Capital’s division Reality Shares ETF Trusts has reportedly withdrawn its ETF application in case of approval, could enable investors to work with Bitcoin futures. The decision was made just a few days after the company submitted an application to the US Securities and Exchange Commission to launch a partial bitcoin-ETF Global Currency Strategy. Reality Shares's application is based on the law that suggests automatic approval within 75 days after the submitting. This particular fact forced the SEC representatives to get in touch with the company on this matter.

US dollar posts gains while euro plunges
14 February, 2019 12:20

US dollar posts gains while euro plunges

In the second half of the week, the US dollar maintains positions near multi-month peaks against the euro making use of stable US inflation and below-expectations economic reports in the EU. The US Dollar index slightly changed staying at some 97.075, which is some 0.5% up d-o-d. CPI showed the slowest upturn in January over 6 months. At the same time, the core index has been on the rise for the third month in a row. This factor supported the greenback. The euro to US dollar rate was recorded at $1.1264.

Coinbase launches cloud back up for wallet users, community stays sceptical
13 February, 2019 17:33

Coinbase launches cloud back up for wallet users, community stays sceptical

US crypto exchange Coinbase announced this Tuesday that the users of its wallet would be able to create backup encrypted versions of their private keys with the help of iCloud and Google Drive cloud services. Private keys are the only way to get access to the funds are generated and stored on a mobile device. However, it should be taken into account the fact that the device can be lost or stolen, which would mean possible loss of all coins by the customers, which cannot enter the 12-word phrase.

MUFG: blockchain-based network for payments to go live in H1 2020
13 February, 2019 16:17

MUFG: blockchain-based network for payments to go live in H1 2020

The major Japanese financial group and the world top-5 bank in terms of assets – Mitsubishi UFJ Financial Group (MUFG) – announced the launch of a blockchain-based payment network in 2020. The new platform called Global Open Network will be able to process more than one million transactions per second, as the MUFG spokesperson noted. The companies are also planning to power it by the Internet of Things (IoT) and Akamai’s cloud platform.

NASDAQ announces launch of bitcoin and Ethereum indices from Brave New Coin
13 February, 2019 14:30

NASDAQ announces launch of bitcoin and Ethereum indices from Brave New Coin

NASDAQ Stock Exchange has announced an expansion of its Nasdaq Global Index Data ServiceSM (GIDS) that tracks cryptocurrency quotes in real time with two crypto indexes. The new instruments will become available in late February. Nasdaq will start supplying the service subscribers information about bitcoin and Ethereum price fluctuations provided by Brave New Coin, which deals with data in the cryptocurrency markets. The quotes will be in US dollar terms and based on the indicators of the most liquid markets. The figures will be updated every 30 seconds.

Money transfer solution SendFriend gets funding from Ripple and Barclays
13 February, 2019 13:58

Money transfer solution SendFriend gets funding from Ripple and Barclays

SendFriend, a remittance startup from New York which uses XRP tokens to perform international money transfers managed to get $1.7 million financial backing from Barclays Bank and Ripple company. The startup will initially focus on labour migrants from the Philippines who regularly conduct remittances to their homeland from the USA. SendFriend claims that its commissions will be 65% below the average in the traditional cross-border transfer industry. 

Chainalysis reports successful $30 million Series B round
13 February, 2019 13:23

Chainalysis reports successful $30 million Series B round

A crypto analytical company Chainalysis reportedly attracted some $30 million during Series B funding. The received funds are said to be spent on setting up a new office in London. The investment round was led by venture capital firm Accel. The company managed to get about $46 million in investments after two funding rounds. The previous one was held last April with Benchmark being the major investor. One of Accel's representatives will reportedly join the executive board at Chainanalysis.

EY reports another bitcoin loss at QuadrigaCX
13 February, 2019 11:54

EY reports another bitcoin loss at QuadrigaCX

Canada's troubled and infamous cryptocurrency exchange QuadrigaCX made its mark again. It recorded another loss of the funds last week. Along with the debts to its clients reaching $190 million, the exchange lost another $370,000 by a mistake. One of the major world audit companies Ernst and Young that was appointed as a financial supervisor of  QuadrigaCX by a court has released its initial report which states that the platform's management accidentally transferred more than 100 bitcoins to a cold wallet.

Morgan Creek fund reportedly backed by two public pension funds
12 February, 2019 17:03

Morgan Creek fund reportedly backed by two public pension funds

An investment adviser for institutional clients – Morgan Creek – announced on February 12 that its new $40 million blockchain fund received investments from two US public pension funds.The fund was originally planned to raise $25 million, but with the investor's interest, the figure almost doubled reaching $40 million. The new Morgan Creek fund will be primarily focused on purchasing stakes in startups at the initial fundraising stage. It may invest in projects with its own tokens that do not sell stakes but have a cash flow and comply with Regulation D of the Securities Exchange Commission (SEC).

 GM Financial joins Spring Labs blockchain data security programme
12 February, 2019 16:23

GM Financial joins Spring Labs blockchain data security programme

A financing subsidiary of the world's leading automobile producer General Motors Financial announced a partnership with the blockchain company Spring Labs intending to develop solutions that may boost the identity verification process. GM is pleased to collaborate with Spring Labs under the SFIP programme. The blockchain technology developed by Spring Labs team will go into private beta in Q3 with only partners allowed to participate. Later in early 2020, the technology will become available for the public.

Elevated Returns to tokenize $1 billion worth real estate via Tezos
12 February, 2019 15:19

Elevated Returns to tokenize $1 billion worth real estate via Tezos

Elevated Returns, which specializes in digitization of diverse traditional financial assets, has chosen the Tezos blockchain platform to offer its real-estate offerings. The company is planning to tokenize real estate worth $1 billion in total and store the data in the blockchain. Elevated Returns president Stephane de Baets believes a token based on Tezos is the best solution given the company’s plans to conduct a lot of high-profile transactions. 

Bithumb goes to MENA region with new Emirati crypto exchange
12 February, 2019 14:41

Bithumb goes to MENA region with new Emirati crypto exchange

South Korean cryptocurrency trading platform – Bithumb – is taking steps to widen its business geography expanding to the Middle East via a licensed fiat-to-crypto platform to appear in the UAE. The exchange has signed MOU with Emirati company Nvelop under which the companies will set up a JV to launch the platform in Abu Dhabi. The Emirati crypto exchange can appear in the middle of the year in case of regulator's positive determination.