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Crypto Weekly #7, 2019: Our Top Picks

Another busy week in the crypto world. More exchange hacks and developments, JP Morgan Chase looking to release its own stable ‘JPM coin’ and the herd is coming… JP Morgan Chase Creates First US Bank-backed Crypto US Pension Funds Invest into Morgan Creek Digital’s Crypto Fund Indonesian Futures Regulator BAPPEBTI Sees Crypto as a Commodity […]

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Finance
Gaming
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Nvidia Share Price Up Despite Crypto Slump

Nvidia, global gaming computer chip maker, reported revenue down 24% from last year, which was its first decline over the past five years. This news was expected given the shape of the crypto markets over the past year. Despite this, the stock price was up 6% in extended trading on the 14th Feb 2019. In […]

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JP Morgan Creates First US Bank-backed Crypto

CNBC reports that J.P. Morgan Chase has created the first cryptocurrency from a major US bank. Dubbed “JPM Coin” for now, it will be used as a settlement token for transactions between its wholesale payments clients. The token operates similarly to a stablecoin, with each JPM Coin redeemable at $1 USD. Anything that currently exists […]

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Exchange
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Trading

CBOE Feb19 Bitcoin Futures Expire at New Low of $3,567.93 But, Down Trend Broken.

Bitcoin (BTC) futures on the Chicago Board Options Exchange (CBOE) expired at its lowest settlement price yesterday since its launch in December 2017. Trading under ticker XBT/G9, the final settlement price for the February 2019 futures was $3,567.93 published by the CBOE; Bitcoin (BTC) futures have been moving sideways for the last month, trading within […]

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Binance Announces Public Testing of Decentralized Exchange to Start 20th Feb

Binance CEO Changpeng Zhao has announced that public testing of Binance’s upcoming decentralized exchange (DEX) would begin on 20th February this year. A decentralized exchange does not store your private keys, and they are kept locally on the user’s device. Commonly understood to be more secure, DEXs have become a hot topic in recent years. […]

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Indonesian Futures Regulator BAPPEBTI Issues Rules on Crypto

BAPPEBTI has issued a ministerial regulation under No. 5/2019 for the implementation of physical markets for crypto assets in futures exchanges. Reported by the Jakarta Post, the regulation focuses governance principles for crypto asset trading, legal certainty and consumer protection. It also has a requirement to establish a physical market for crypto assets through electronic […]

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Business
Finance

US Pension Funds Invest $40M into Morgan Creek Digital’s Crypto Venture Fund

Bloomberg reports today that Morgan Creek Digital has secured what is likely the first cryptoasset investment backed by a US pension fund, to the tune of $40 million USD. In fact, two pension funds have signed up in Fairfax Country (Virginia). Other investors at this stage include: an insurance company, a university endowment and a […]

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ICE Investing $20-$25 Million Back into Bakkt

The Intercontinental Exchange (ICE), will be looking to invest $20 -$25 million back into the Bakkt Bitcoin (BTC) futures platform this upcoming year. The details were announced in a Q4 2018 ICE earnings call with equity analysts. In addition to this funding, last month, Bakkt, had raised $182.5 million from twelve investors. With all the funding […]

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Crypto Weekly #6, 2019: Our Top Picks

Crypto markets taking off this week with Litecoin (LTC) announcing a Mimblewimble upgrade, lots of exchange developments including Brock Pierce rescue of Mt. Gox. Here are our top picks. For more details please click on the below: Facebook Acquires Blockchain Startup Chainspace Kraken acquires Crypto Facilities in nine-figure deal Red Bull announces FuturoCoin as Sponsor […]

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Business
Exchange
Finance

Kraken acquires Crypto Facilities in nine-figure deal

Kraken has just released a press statement announcing the acquisition of London UK-based Crypto Facilities. Crypto Facilities is a digital asset derivatives trading platform and index provider. The nine-figure deal is Kraken’s largest to date, and also one of the largest in the crypto industry. I’m thrilled to welcome the Crypto Facilities team into the […]

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QuadrigaCX Troubles Continue as Exchange Files for Creditor Protection

Following the sudden death of the Chief Executive Officer (CEO) Gerry Cotten, the founder of crypto exchange QuadricaCX, approximately $190 million CAD (Canadian Dollars) has been lost in cryptocurrency. As of the 18th of January 2019, the following balances were recorded in cold wallets: The full report details that have been released by Nova Scotia […]

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FCA Authorises B2C2 to Offer Crypto Derivatives

London based B2C2 OTC Ltd, founded in 2015, is an OTC electronic trading firm, that specialises in crypto currency trading. This week they have been granted approval by the Financial Conduct Authority (FCA) to deal in a derivative known as a Contract For Difference (CFD). B2C2 OTC’s CFD product gives exposure to Bitcoin (BTC), Bitcoin […]

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Fidelity Launching Crypto Custody Service Potentially in March 2019

Fidelity Investments Inc, the Boston based multinational financial services corporation, is looking to launch its crypto custody service in March 2019. Known as Fidelity Digital, the custody service will initially looking to store Bitcoin (BTC) for institutions, mainly hedgefunds according to Bloomberg. In a statement, a spokesman at Fidelity said; We are currently serving a […]

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Business
Finance

Swift Announces Integration with R3’s Corda Blockchain

CNBC has just reported that Swift will be partnering with blockchain start-up company R3. Swift is one of the world’s leading financial messaging platforms, used by some of the largest financial institutions. The Corda platform is an enterprise blockchain platform, targeting business usage. Speaking at a panel session hosted by CNBC today, Swift added: We […]

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Disclaimer: Investing in cryptocurrencies involves risk and should be based on advice from qualified financial professionals. You can incur substantial losses: consider whether this is in line with your investment objectives and circumstances. Posts are based on the authors' opinion and accurate to the best of our knowledge. Our posts are not independent/financial/investment advice, nor endorsements of any product/asset/service. We try to maintain the accuracy of our information however we rely on external data which may include errors. We are not liable under any circumstances for loss or damage as a result of using our information or services.