Crypto Derivatives Exchange Blade Raises $4.3M From Coinbase and Others

A soon-to-launch cryptocurrency derivatives exchange has raised $4.3 million from major investors such as the cryptocurrency platform Coinbase and the investment firm SV Angel. The exchange Blade is scheduled to launch in three weeks’ time.Blade’s funding and plans come by way of a Tech Crunch report on Aug. 12. The report notes that in particular,…

Binance Report: Bitcoin Decorrelated with Other Cryptos in Q2 2019

Bitcoin’s (BTC) has become less correlated with other cryptos in Q2 2019 due to a potential “flight-to-quality” in the recent bull run, according to a Binance report on crypto correlations released on July 5.In its “2019 Q2 Crypto-Correlations Review,” Binance specified that average correlation between Bitcoin and all other major crypto assets declined to 0.61…

First Stablecoin Trading Pairs Listed on Binance DEX

Major global crypto exchange Binance has listed trading pairs for USDSB, a Binance Chain-based version of StableUSD (USDS), the firm announced on June 24.As noted in the statement, Binance has launched trading for two trading pairs, including USDSB against major stablecoin tether (USDT), as well as the USDSB-to-USDS trading pair today at 10:00 AM UTC.Derived…

Major Crypto Exchange Bitfinex to Briefly Go Offline for Upgrade Next Week

Cryptocurrency exchange Bitfinex announced that it will be offline for up to seven hours next week in a Medium post published on June 20.Per the announcement, the exchange will go offline for up to seven hours to carry out system upgrades on June 26. The post further specifies that Bitfinex’s hybrid counterpart Ethfinex will also…

Arca Funds Files With SEC to Issue Stablecoin-Like Digitized Shares on ETH Blockchain

Arca Funds, an American institutional-grade investment manager, is seeking regulatory approval to issue digitized securities on blockchain, according to a filing document released on April 12.The company has filed with the United States Securities and Exchange Commission (SEC) to issue its Arca UST Coins — digitized shares that will be authenticated and then recorded in…

Bank Frick Launches BTC-ETH Tracker Along With Partner Bitcoin Suisse

Liechtenstein-based Bank Frick has issued an active Bitcoin (BTC) and Ethereum (ETH)-based tracker along with digital finance firm Bitcoin Suisse, the firm announced on April 9.Starting today, Bank Frick will offer institutional and qualified investors access to its BTC-ETH tracker, the certificates of which will take the form of both a classic security and a…

‘Augur Scam’ Sparks Centralized Vs. Decentralized Debate on Reddit

According to a Reddit thread on March 19, traders on Augur, a decentralized oracle and peer-to-peer protocol for prediction markets, are being scammed. The Reddit user claims that “some people” in the Augur community are exploiting a design element of the Augur protocol by purposefully creating invalid markets through ambiguous wording. This allows them to…

Overstock’s tZERO Security Token Platform Begins Live Trading

E-commerce giant Overstock.com’s cryptocurrency subsidiary tZERO announced that secondary trading of tZERO tokens is now live, according to a press release published Jan. 24.Per the release, accredited investors can trade the security tokens through a digital securities brokerage account at Dinosaur Financial Group, which will act as a broker-dealer. Dinosaur partnered with tZERO subsidiary PRO…

Belarus Launches Trading Platform Enabling Customers to Buy Tokenized Securities

Belarus has launched a trading platform that enables customers to buy tokenized versions of shares, gold and other traditional assets, Reuters reported Jan. 15.The project is reportedly backed by two companies, Larnabel Ventures and VP Capital. According to Reuters, the government of Belarus has not yet commented on the launch of the platform, but it…

Diar Report: 2018 Sees ‘Record Transacting Volumes’ on Crypto Exchanges

Cryptocurrency exchanges have closed 2018 with “record transacting volumes,” according to a report by research firm Diar published Jan. 14.In its report, Diar notes that both the number of trades and the trade volume have increased on major crypto exchanges in 2018, compared to 2017 figures. The firm predicts that 2019 will see lower figures…