Nomics crypto data project gets $3 million support

Posted 19 December, 2018


The Nomics crypto project has reportedly completed a Series A funding with the investments amounting to $3 million. The list of the company that decided to support the project includes Coinbase Ventures, CoVenture Crypto, Digital Currency Group,  CityBlock Capital, King Capital, PolyMath, TokenSoft as well as BitGo's co-founder Ben Davenport.

Clay Collins, CEO and co-founder Nomics, stated that collection of cryptocurrency data is a complicated engineering task. The received investments are said to be spent on the expansion of the company's R&D department to boost its performance and increase data ingestion. The company, as he stated, will become able to maintain an index of 95% out of all available transactions. 

After indexation, the users will receive dozens of new pages. The access to the information will be provided via Nomics API – the solution covering up-to-date and previous financial data on different assets. 

"I think space is really wising up. After the irrationality of 2017, people are demanding clean, hard guidelines," as told Clay Collins, Nomics' CEO to the media.

As the project team stated, their solution is aimed at providing investors and hedge funds with the collected crypto data that can be used while determining the trading scheme as well as monitor market movements.

 

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20 December, 2018 12:41

← Bitcoin futures less attractive for institutional investors, JPMorgan experts said

JPMorgan Chase & Co detected slower interest in the crypto sector from institutional investors citing a long-lasting downturn in the market. As the company experts noted, metrics were mostly negative in terms of the bitcoin futures market. It was reported that the CBOE posted a decline in opened positions last month. Year-to-date activity was similar to the figures recorded December 2017. The investigation also covered bitcoin mining operations. JP Morgan experts noted that the mining has become less profitable, especially after the recent price collapse.

Bitcoin futures less attractive for institutional investors, JPMorgan experts said

Next story

18 December, 2018 16:20

Tagomi Holdings Inc. officially in game →

The e-brokerage firm – Tagomi Holdings Inc. – officially launched its services aimed at investors dealing with cryptocurrencies, including the leading coins Bitcoin and Ethereum. The company has reportedly got $16 million investments from different venture companies with such big fishes as Founders Fund run by PayPal's co-founder Peter Tilh and others (Collaborative Fund, SV Angel, Joe Lonsdale, Brainchild, Digital Currency Group, ZhenFund, Box Group, etc.). Trading services will include interbank order execution, capital management, post-trading reports, custodial and other services.

Tagomi Holdings Inc. officially in game
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