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Although Bitcoin (BTC) and its crypto-active brothers have stabilized, seeing little movement, startups in this industry have continued to make progress in several directions. Some prominent companies have taken monumental steps forward, while others have taken a devastating step backwards. Anyway, the bottom line is that the cryptography sector has not slowed down, contrary to what the cynics claim.
Crypto Tidbits
- Bitcoin Giant BitGo and Genesis Trading Launch Secure OTC Office for Cold StorageBitgo, home of the Palo Alto Group, has long been a major player in the telecommunications sector, including Pantera Captial, Ripple Labs and Bitstamp, and recently partnered with Genesis Trading, a subsidiary of Digital Currency Group's crypto conglomerate. The collaborative efforts of BitGo and Genesis take the form of a new over-the-counter (OTC) trading service, which will allow customers to buy and sell digital badets directly from the security of their account BitGo Trust cold storage. led by Michael Moro, will bring his expertise in facilitating large transactions from institutions, while BitGo will leverage his veteran status in the Bitcoin custody sub-sector to secure the offering. Bitcoin, Ethereum, Ripple's XRP, ZCash and three other leading digital resources will be available through this innovative channel of exchange.
- Cryptopia hacked, New Zealand police open an investigation: The crypto market at large has suffered its first major hacking in 2019 last week. On Tuesday, the New Zealand-based group, Cryptopia, a former big exchange center, revealed that he was the victim of a "security breach." In a statement from the company, signed by the Cryptopia team, it was revealed that the breach resulted in "significant losses" for the startup. . After further research, the organization decided to contact the local authorities, who have since committed to keeping the public informed of the current situation of this imbroglio. According to rumor, more than 3 million dollars of various cryptographic badets, including Ethereum. This figure was corroborated by so-called "whale watching" Twitter accounts, which revealed that thousands of Ether, as well as a range of lesser known (but valuable) tokens, had been shipped cold portfolios of Cryptopia on the day of the so-called attack.
- Bakkt makes its first acquisition after a capital injection of $ 182.5: New Year's Eve, Bakkt, a cryptographic platform supported by the owner of the NYSE, Intercontinental Exchange, revealed to have obtained a check of $ 182.5 million from 12 financiers, including Galaxy Digital, Pantera and the Arm of Microsoft. And a few days later, the company revealed that she had already begun to take advantage of her large capital injection. Specifically, the company, headquartered in the Big Apple, revealed that she had bought "some badets" from Rosenthal Collins Group (RCG), an independent futures commission trader based in Chicago. The details of the deal were not disclosed, but Bakkt chief Kelly Loeffler told Fortune Bakkt the opportunity to buy some of the back-office operations, including some facets of the compliance departments, risk and cash management. According to Shawn Tully of Fortune, "Bakkt essentially buys part of Rosenthal's back office".
- Ethereum co-founder Joe Lubin joins ErisX boardSpeaking of Wall Street-backed platforms trying to make waves in the nascent cryptographic field, ErisX, an apparent competitor of Bakkt backed by TD Ameritrade, recently made a startling announcement. ErisX revealed that it would appeal to its board of directors, Joseph Lubin, co-founder of Ethereum and founder of blockchain development ConsenSys. Its exact role has not been disclosed, but some believe that Lubin will help ErisX in its campaign for Ether derived derivative vehicles.
- South Africa seeks to remove the anonymity of Bitcoin transactionsSarb, Per Business Insider's South African Reserve Bank, is currently advising local crypto-computing startups, including portfolio providers and stock exchanges, on how best to operate their services. Sarb says its upcoming registration system, which new companies will be mandated to use, will help the crusade to protect investors from crypto deficiencies. But the registration system is not so harmless. In fact, Sarb's plan will be to de-anonymize cryptographic accounts in the country, as it would require companies to actively track transactional data, including shipper and recipient identities, transaction amounts, and other relevant data. . According to Business Insider, this system will look a lot like how "banks are required to know their customers".
- EU. The financial regulator is wary of cryptoIn the same vein, the European Securities and Markets Authority (ESMA), the EU's internal financial agency based in Paris, has recently published an in-depth report on "Assets and Assets". cryptographic ". This report was long. it has become clear that ESMA is somewhat skeptical about digital badets and is reluctant to call in good faith money. In the report, ESMA pointed out that it currently sees a range of relevant issues. In particular, the organization has drawn attention to market volatility, fraud, money laundering, market manipulation and multi-million dollar cyber-attacks.
- Ethereum Constantinople Hard fork delayedEarlier this week, the long-awaited upgrade of Ethereum in Constantinople ran into a number of complications. A relevant security issue in one of the protocols to be activated led members of Ethereum's central team to take action, along with Vitalik Buterin and others summoned via an emergency call. After deliberation, the group of developers agreed that Constantinople, considered a "optimistic" upgrade for the project, would be postponed to February 27, or that the block 7,280,000 would be more accurate.
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