Investment banking colossus Goldman Sachs is poised to utilize its own money in trading Bitcoin on behalf of his clients. The most titular name in the finance industry is going to take risks, as he plans to set up his own crypto-trading desk at a Wall Street bank.
Crypto-mining giant Bitmain has been in the news again recently, and this time it was to introduce the most powerful and efficient EtHash ASIC – the algorithm used by Ethereum and Ethereum Classic. This sent waves of concern through the crypto community, as it was believed that the EtHash protocol was resistant to ASIC mining.
UNICEF as an organization works to provide humanitarian aid to children and their mothers in developing nations and conflict areas across the globe. Now, the Australian chapter of this branch of the United Nations has found a novel new way to raise funds for its ongoing mission for the Rohingya refugees in Bangladesh.
If ICO and ITO issuers are hoping for an easier time in Canada, they will be sadly mistaken. Unlike the US, Canadian securities laws fall under the purview of the country’s provinces. While there is a centralized authority – the Canadian Securities Administrators – that connects all the provincial regulators, each province can have its own set of laws in relation to securities.
Last week, two of the big markets for the Bitcoin futures contracts saw a massive hike in trading volumes. CBOE experienced its highest ever volumes for the cryptocurrency’s futures contracts since they were launched with much fanfare in December last year. CME’s trading volumes also spiked hugely, though not as much as CBOE’s.
According to the latest news, two of the most prominent startups of today, Blockstack Signature Fund, the venture capital fund of decentralized internet company Blockstack, and Shapeshift, an exchange platform, have formed a partnership and are offering anyone who can develop a “universal” crypto wallet a bounty of $50,000.
MyEtherWallet’s DNS servers were hacked last night. MyEtherWallet is an online app for storing as well as sending Ether as well as Ethereum-based cryptocurrencies. About $152,000 worth of cryptocurrency (about 250 Ether) were stolen from one of the wallet’s DNS servers. The concern at this point is that figure could go up if the hackers are able to access more accounts.
2018 has been a rocky year for the cryptocurrency market so far. Prices have plunged from their all-time highs in December last year and in the last two months, trading volumes have dipped and prices have struggled to beat resistance points. However, in the last ten days or so, there seems to have been a turnaround in the cryptocurrency market.