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Radar Relay, a peer-to-peer decentralized trading platform for Ethereum-based tokens has launched its first version. The system comes with automated trading tools through the development of an API and a software development kit (SDK). Radar Relay is a decentralized application that is designed for wallet-to-wallet trading of ERC-20 tokens. The platform is built...

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The stock exchange operator, Nasdaq, has successfully tested a blockchain-based Proof-of-Concept that provides an efficient 24/7 securities solution collateral maintenance. The blockchain platform was developed by a partnership including Nasdaq, ABN AMRO Clearing, EuroCCP and Euroclear. The development aims to solve the challenges that Central Counterparties...

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Cryptocurrencies fell after the South Korean cryptocurrency exchange, Bithumb, was hacked last night. Approximately USD$32mm was stolen and Ripple was one of the cryptocurrencies that was targeted. The exchange proceeded to halt withdrawals and deposits. Bithumb also announced that investors will be compensated for their losses and that their cryptocurrencies...

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South Korean banks are using blockchain technology to launch the next-generation digital identification system in July 2018. The Korean Federation of Banks (KFB), called BankSign, is a conglomeration of national and regional banks. The joint effort utilizes Samsung’s enterprise blockchain solution, Nexledger. The new identification system will seek to replace the...

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The city of Zug, home of the Swiss Crypto Valley, is accepting payments in bitcoin and ether for municipal services, including company registrations The AI Machine Learning 3-Day Crypto Signal for Ripple is Don’t Own and was published yesterday AM. Learn how to use advanced ML 3-Day signals when trading cryptos. The average accuracy score for the Machine Learning...

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The Swiss Crypto Fund AG, has received a license to distribute crypto funds to qualified investors in Switzerland. This decision has been backed by the country’s financial regulator, FINMA. The fund is a subsidiary of the Swiss Crypto Finance Group (CFG). It is reported that this is the first time a crypto business has been granted permission to distribute funds...

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The Malta Stock Exchange (MSE) has announced that cryptocurrency exchange Binance will be supporting its newly launched program to support FinTech and crypto startups. The stock exchange recently tweeted that twelve FinTech companies will be utilizing their facilities as an accelerator program. Thomson Reuters has reportedly joined this effort and will be serving...

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Three separate industry trackers have compiled data for cryptocurrency hedge fund performance for May + YTD. While all three benchmarks reflect declines roughly in the same amount, the difference between benchmarks are due to tracking different funds. Barclay Hedge showed that cryptocurrency hedge funds were up 44.86% in April, yet they were down 19.09% in May and...

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Etoro, a trading platform which mainly caters to retail investors, is now expanding to institutional investors with a new cryptocurrency offering. The firm will be setting up an over-the-counter (OTC) desk in London for institutions. The platform will be connected to fifteen cryptocurrency exchanges. Additionally, Etoro has announced it will be launching its own...

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Two of Russia’s largest banks are piloting cryptocurrency portfolios for their clients. The Bank of Russia, the Sberbank and Alfa Bank will be offering clients shares in a special fund that will trade six cryptocurrencies on major exchanges. In the cryptocurrency portfolio, four out of the six tokens have been reported to be: Bitcoin, Bitcoin Cash, Ethereum and...

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Most major banks in South Korea have been hiring compliance officers to help aid with anti-money laundering due to the rise of cryptocurrency exchanges in the country. However, the New York Department of Financial Services (NYDFS) has notified the Financial Services Agency (FSC) of South Korea that it will investigate Korean banks with operations in New York that...

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The EOS mainnet experienced an unexpected bug yesterday which halted its blockchain. After about five hours of work, the EOS blockchain resumed and transactions started again. The EOS mainnet officially launched June 14 and many users that are a part of the EOS community state that the launch was not smooth. Just days before the launch, one developer found bugs...

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Fundstrat’s co-founder Tom Lee recently has said that bitcoin futures contracts could be influencing the cryptocurrency’s recent decline. Lee noted that there has been significant volatility around the expiration date of CME Group and CBOE futures contracts. Also, he theorizes that the trading could be manipulated due to the low level of liquidity during...

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The University of Texas at Austin has received funding from Ripple. The company has pledged to invest USD$2mm over the next five years to support a blockchain research initiative. Ripple has pledged to invest USD$50mm in blockchain research by funding universities around the globe. The University of Texas has said that it does not have a firm plan for how it will...

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Russian tax payers have begun to start declaring income and profits from cryptocurrencies before the country’s government decision on the legality of cryptocurrencies. The country’s Finance Ministry has clarified the applicable tax rules for investors, however, the State Duma is still fine-tuning upcoming regulations on cryptocurrencies. The Finance Minister said...

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The SEC weighed in on the status of Ethereum (ETH) yesterday. The SEC noted that the cryptocurrency does not display any of the characteristics of a traditional security. The regulatory body is aiming to differentiate security tokens and utility tokens under its Regulation D framework. Additionally, the SEC observed that bitcoin (BTC) is not a security...

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Amaury Sechet, the lead developer for Bitcoin Cash (BCH), emphasized how the cryptocurrency is following the original values of the Bitcoin whitepaper. The Bitcoin Cash (BCH) interval was initially planned to be reduced to three seconds on the blockchain, however, the protocol decided this would not be feasible. Currently, the block size is on track to increase...

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A cryptocurrency startup is being watched currently to determine whether the US Commodity Futures Trading Commission has the authority to combat potential fraud associated with cryptocurrencies. The CFTC has sued Randall Crater, the owner of a cryptocurrency firm called “My Big Coin”. It is alleged that he stole USD$6mm from investors. On June 14, a US District...