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Crypto Markets News from John Lothian News – June 21, 2018 Blog,CryptoMarkets

crypto markets update 2

Winklevoss Twins Build Crypto-Tech Patent Empire In ETP Pushpa Naresh – Zycrypto.com The latest crypto technology patent awarded to Winklevoss Twins’ owned firm, clearly establishes their domination in financial technology, especially Exchange-Traded Products (ETP). It also marks their ascent from their initial investment days of pre-funding single-ventures like Zuckerberg’s Facebook Artificial Intelligence. bit.ly/2tnoGqM Crypto Mining Mogul Hits the Big-time with Portable Mining Containers John McMahon – NewsBTC Serial crypto entrepreneur Valery Vavilov of Bitfury has struck gold again with his latest venture by solving two of the main hurdles in mining cryptocurrency with some big black boxes. bit.ly/2trrao3 The crypto…

Broker sued over ‘demo’ trading platform mix-up; Deutsche Bank risk questions John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Rumi Morales will be announcing the launch of a major investment platform in the US on Wednesday, June 27.~JJL The 2018 Managed Futures Pinnacle Awards were last night in Chicago. Colin Jost from Saturday Night Live was the entertainment this year. He started by introducing well known “Irish Catholic” Sol Waksman. He later gave the CME Group a raunchy salute, probably for the political censorship by which he was confined, by sharing that he is a numbers guy. Enough said.~JJL For those concerned that ETFs with illiquid components will be the cause of…

Crypto Markets News from John Lothian News – June 20, 2018 Blog,CryptoMarkets

crypto markets update 2

Quebec Hikes Power Prices for Crypto Miners Sandrine Rastello – Bloomberg Prices for new comers rise threefold in temporary move; Existing clients left untouched until later this year Quebec will make electricity prohibitively expensive for cryptocurrency miners until it figures out how to deal with a surge in demand from the energy-hungry industry. /jlne.ws/2tnWTqu South Korea’s Bithumb loses $32 million in digital money heist Cynthia Kim, Joyce Lee – Reuters South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as…

Crypto Markets News from John Lothian News – June 19, 2018 Blog,CryptoMarkets

crypto markets update 2

Cryptocurrency hedge funds see returns plunge in volatile times Emma Dunkley – Financial Times Hedge funds investing in cryptocurrencies have seen plunging returns this year, with performance dropping by 35 per cent as digital coins suffered a volatile first half. Figures from US analytics firm HFR showed that global hedge funds investing in cryptocurrencies and the technology that underpins digital money have posted negative performance in four out of five months this year, after rising more than 2,700 per cent in 2017. /on.ft.com/2K5DlS6 Square obtains NY State cryptocurrency license Anna Irrera – Reuters Square Inc (SQ.N), the payments company founded…

JPM’s $65m ISDAFIX fine; EU HFT rules; Blockchain for margin and collateral? John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The MontrÈal Exchange announced new futures on exchange-traded funds (ETF) and trust units are now available.~JJL The European Banking Authority released its 2017 annual report. A few of the key areas earmarked for extra focus in 2018 are: preparation for Basel III implementation, improving credit risk modelling, developing a common framework for non-performing loans, and third-country equivalence.~SD According to a recent study from FTSE Russell, “the green economy represents 6 percent of the market capitalization of global listed companies, approximately US$4 trillion.” That’s roughly the same as fossil fuels. ~SD Bank of Canada…

Crypto Markets News from John Lothian News – June 18, 2018 Blog,CryptoMarkets

crypto markets update 2

Bitcoin is useless, unsafe, and dirty: this new report is withering in its verdict Ambrose Evans-Pritchard – Telegraph Cryptocurrencies have no intrinsic worth and are useless as a form of exchange. They entail exorbitant transaction costs. They are very slow. Together they have turned into an ecological nightmare. /jlne.ws/2K0wqt9 Regulated Crypto Custody Is (Almost) Here. It’s a Game Changer Olga Kharif and Sonali Basak – Bloomberg Service could open market to bigger investors, boosting prices; ‘It will unlock a big wave of capital,’ fund manager says Hedge fund manager Kyle Samani embraces his job making multimillion-dollar bets on the wild…

Crypto Markets News from John Lothian News – June 15, 2018 Blog,CryptoMarkets

crypto markets update 2

Crypto firm Paxos using Goldman Sachs playbook to become juggernaut Business Insider The cryptocurrency company Paxos appears to be taking a page out of Goldman Sachs’ playbook. The firm, which runs a crypto exchange and over-the-counter trading desk via its itBit unit, is looking to leverage its crypto-custody business to lure trading volumes to its venue. It’s a move that Paul Ciavardini, the director who oversees OTC trading at the firm, says looks similar to the way Goldman offered prime brokerage services to hedge funds that turned into big profits for its trading business. /read.bi/2HNj6Dy Novogratz Firm Makes $15 Million…

Crypto Markets News from John Lothian News – June 14, 2018 Blog,CryptoMarkets

crypto markets update 2

Top 100 cryptocurrencies added to Thomson Reuters market sentiment feed; Thomson Reuters included Bitcoin on its market sentiment data feed in March this year. Hayley McDowell – The Trade Thomson Reuters has expanded its market sentiment data indices to include the top 100 cryptocurrencies, shortly after Bitcoin was added to the data feed. /jlne.ws/2JWOPHD Has bitcoin come to the end of its Tether? Kelly Remember Tether, the eurodollar-lookalike digital currency that many people suspected of playing a major role in propping up the price of bitcoin and other cryptocurrencies? /jlne.ws/2HRIYhG Bitcoin Extends Its Collapse Todd White – Bloomberg Digital token…

‘Speed Bumps’ Help Protect Investors – Study; Central Banking Action John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The last week of June is going to be busy. First, on June 25 I will be teaching the journalism and communications merit badges in Chicago as part of the Trading Tech 300 program, now branded under the bigger brand of Scout Tech. Then on Tuesday, June 26 I fly to New York for meetings and to be ready for the Crypto Evolved event on Wednesday, June 27 at the New York Athletic Club. My friends from Viable Markets have been gracious enough to ask me to moderate a panel on Silicon Valley…