Calastone Investment Network Will Put All Mutual Fund Trades on Blockchain

Calastone Investment Network Will Put All Mutual Fund Trades on Blockchain

The London-based fintech company Calastone announced it will overhaul its entire settlement system by moving it on a blockchain, according to a Reuters report. The company provides financial services for such industry giants as JP Morgan Asset Management and Invesco alongside 1,700 other companies. Calastone expects to complete the transition by May 2019. Blockhain will … Continue reading Calastone Investment Network Will Put All Mutual Fund Trades on Blockchain

Coinbase Launches OTC Crypto Trading Desk

Coinbase Launches OTC Crypto Trading Desk for Institutional Investors

The popular American crypto exchange Coinbase has launched an over-the-counter (OTC) trading desk, dedicated for institutional clients. Speaking to New York-based media outlet Cheddar, Christine Sandler, head of sales at Coinbase, revealed that the new service will be available for Coinbase Prime customers. Coinbase has been luring institutional investors for a while An OTC trade … Continue reading Coinbase Launches OTC Crypto Trading Desk

Binance Introduces Combined Stablecoin Market, Taking Focus Off USDT

Binance Introduces Combined Stablecoin Market, Taking Focus Off USDT

Binance, currently the largest crypto exchange by 24-hour trading volume, has announced its Tether (USDT) market is about to go through some major changes. The company has decided to introduce a combined stablecoin market (USDⓈ) instead of a single USDT market. Binance has been supporting stablecoins for a while In the official announcement, the exchange … Continue reading Binance Introduces Combined Stablecoin Market, Taking Focus Off USDT

Mike Novogratz Expects the Crypto Market to ‘Flip’ in 2019

Mike Novogratz Expects the Crypto Market to ‘Flip’ in 2019

The outspoken crypto entrepreneur Mike Novogratz believes that the crypto market freefall is close to being over and better times are coming for the nascent industry. Speaking to Financial Times, the former Goldman Sachs executive said he is hopeful that the markets will “flip next year.” He is hopeful that the introduction of Bakkt in … Continue reading Mike Novogratz Expects the Crypto Market to ‘Flip’ in 2019