Tag: Crypto

Crypto

Carmi Joins BitGo

BitGo, which provides custody services for digital assets, has hired Nick Carmi as head of financial services, based in New York. Carmi joins from Tower Research Capital (Tower), where he was global head of the FICC business. He will report to BitGo CEO, Mike Belshe. “Nick brings the right type of experience for BitGo to […]

Avelacom Partners with Seed CX

Avelacom, a provider of connectivity and IT infrastructure, is now offering access to Seed CX’s real–time market data and order-routing solutions. Through its subsidiaries, Seed CX offers a licensed exchange for institutional trading and settlement of spot digital asset products, and plans to offer a market for CFTC-regulated digital asset derivatives. “We began working in […]

FCA Report Finds £27m Lost to Crypto, Forex Scams

The UK’s Financial Conduct Authority (FCA), in conjunction with Action Fraud, has issued a report showing that last fiscal year £27 million was lost to crypto and forex investment scams. The report from the FCA and Action Fraud, a national reporting centre for fraud and cyber crime, found that the number of scams reported nearly […]

Trading Technologies Launches Connectivity to CoinFLEX

Trading Technologies (TT) is now offering connectivity to CoinFLEX, a cryptocurrency exchange for physically delivered futures, for traders outside the US. CoinFLEX, formerly CoinfloorEX, is incorporated in the Seychelles and is focused on the Asian retail trader market as well as the market for commercial hedging, including mining firms, OTC trading desks and global proprietary trading […]

Koine Acquires Hireabl to Improve On-Boarding

Koine, which offers custody and settlement of digital assets, has acquired hireabl, a fintech company for automated client on-boarding. In a release issued today Koine says that it plans to make a number of strategic acquisitions of early stage tech-based, IP owners in order to fast-track the integrated end-to-end services that its clients are demanding. […]

In the FICC of It

In this week’s podcast Colin Lambert attempts to answer Galen Stops’ question, why are some banks fined more than others for what appears to be the same conduct? Stops then attempts to answer a long list of questions from Lambert on the “digital asset” world, and also shares some of his observations from a big […]

Seed CX Launches Three Stablecoins

Seed CX has launched three stablecoins, PAX, USD Coin and TrueUSD, on its digital asset exchange. Through its subsidiaries, Seed CX offers a licensed, institutional exchange platform for trading digital assets, and plans to offer a market for Commodity Futures Trading Commission (CFTC)-regulated digital asset derivatives. The three stablecoins are set to begin trading against […]

Quants the Sole Bright Spot Amongst Crypto Funds

A new report published this week shows that while the median return for crypto hedge funds was a staggering -46% last year, quant funds managed a median return of 8%. The data contained in the report, which was published by PwC and Elwood Asset Management, was collected within the first quarter of 2019 across the […]

Academics Sceptical on Economic Value of Cryptocurrencies

Academics speaking at CoinDesk’s Consensus event in New York today appeared doubtful about the economic value of cryptocurrencies. In a panel titled, From Digital Gold to Contract Theory: The Economics of Mainstream Adoption, Joshua Gans, professor of strategic management at Rotman School of Management, said that an economists job, when confronted by new and exciting […]