Business

BitGo to Provide Institutional-Grade Custody and Wallets for Tron

[ad_1] Digital asset financial services firm BitGo has announced that it will provide institutional-grade custody and wallets for Tron (TRX) starting on Nov. 8.According to the official announcement published on Oct. 14, BitGo has been working closely with Tron “to develop the first TRX institutional-grade wallet and custody offerings that provide on-chain, multi-sig security.” The post reads:“TRON came to us because of our reputation for delivering secure and compliant solutions
EXCHANGES

Diversified Crypto Fund Receives FINRA Regulatory Approval

[ad_1] Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which are also quoted publicly. Also read: 7 Crypto Exchange-Traded Products Now Live on Swiss Bourse Fund Gains FINRA Approval Digital currency asset manager Grayscale Investments announced Monday that
Business

Victim of Alleged Ponzi Scheme Receives Death Threats From OneCoin Fans

[ad_1] Glasgow-based Jen McAdam claims supporters of the alleged OneCoin pyramid scheme are sending her death threats, mainly through Facebook.Death threats reported to the policeOn Oct. 14, the BBC wrote that Jen McAdam, a duped OneCoin digital currency investor, reported a slew of messages she received, threatening her with death and violence, to the police in Scotland. McAdam claims that the threats are part of a coordinated attack by OneCoin
Business

Bitcoin Price Touches $8,400 While 0x Jumps 16%

[ad_1] Monday, Oct. 14 — Bitcoin (BTC) started the week with little to no movement in price, touching the $8,400 price mark, while most of the top-20 coins are reporting slight gains.Market visualization. Source: Coin360After a weekend of little excitement, the top-20 cryptocurrencies are mostly in the green. As Cointelegraph reported earlier, traders and institutional investors took the blame for Bitcoin reaching highs of $8,460 during the weekend before its
Business

Despite Pullback in Bitcoin Prices, Investor Interest Is Strong

[ad_1] The Chicago Mercantile Exchange (CME) Group recently tweeted that, despite the Bitcoin (BTC) price pullback, customer interest in CME Bitcoin futures remained strong during Q3 2019.CME Bitcoin futures are up 61% vs Q3 2018On Oct. 9, the CME Group took to Twitter to state that customer interest in CME Bitcoin futures remained strong during Q3 2019, with daily open interest (OI) of over 4,600 contracts, up 61% vs Q3
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The Fed Plans to Inject $60 Billion per Month Into the Economy

[ad_1] On October 11, the U.S. Federal Reserve explained that it would inject more easing into the economy by purchasing Treasury bills at an initial $60 billion per month for the next two months. The purchasing rate could decrease or increase, but the central bank expects the easing plan to last until at least Q2 2020. Further, Fed chair Jerome Powell and his partners have also stressed they don’t want
Business

Libra Association Holds Inaugural Meeting, Forms Board

[ad_1] The Libra Association, the governing body of Facebook’s proposed stablecoin, held its inaugural meeting today in Geneva, Switzerland. According to a report from Reuters on Oct. 14, the consortium reaffirmed their interest in creating a payments-oriented stablecoin that would be balanced by a basked of various, purportedly stable fiat currencies. Libra Association sets rules for governanceIn addition to explicitly stating their interest in the project, the consortium’s 21 members also formed
BLOCKCHAIN

Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions

[ad_1] The Dubai Chamber of Commerce and Industry (DCCI) has signed a memorandum of understanding (MoU) with Emirates NBD.Middle Eastern news daily Saudi Gazette reported on Oct. 14 that the DCCI, which acts as an international business hub in Dubai, has signed an MoU with Dubai government-owned bank, Emirates NBD. The bank, which is one of the largest banking groups in the Middle East in terms of assets, will provide trade
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Grayscale Wins First US Approval For Cryptocurrency-Based Security

[ad_1] A pivotal US self-regulatory organization has formally licensed the country’s first public security based on cryptocurrency markets. Large Cap Fund Gets FINRA Say-So Shares of Grayscale’s Digital Large Cap Fund (DLC) received the green light from the Financial Industry Regulatory Authority (FINRA) this week, a press release confirmed on October 14. Grayscale, currently the world’s largest cryptocurrency asset manager, has operated the DLC since the beginning of 2018.  The