Blockchain News 15.10.2018

Fidelity launches trade execution and custody for cryptocurrencies

Fidelity Investments, which administers more than $7.2 trillion in client assets, announced a new and separate company today called Fidelity Digital Asset Services. The firm will handle custody for cryptocurrencies like Bitcoin, and will execute trades on multiple exchanges for investors like hedge funds and family offices.

Other crypto companies have debuted similar products but Fidelity is the first Wall Street incumbent to officially provide cryptocurrency solutions like custody. “Our goal is to make digitally-native assets, such as Bitcoin, more accessible to investors” Fidelity Investments Chairman and CEO Abigail Johnson says.


Bitcoin exchange Bitfinex announces new reporting tools for users

Bitfinex announced the launch of a new suite of reporting tools, intended to help users gain greater control over their trades and give them useful insights into their activities on the platform. The new toolkit permits users to instantly compile an overview of required account information that may be as old as the account itself. Bitfinex said: “We are of the belief that our suite of tools work to accelerate the rate of global adoption and help facilitate an increasingly mature market.”

Under the new reporting framework, Bitfinex users will be able to work with their account data offline, with their activities being recorded on a local database. In addition, the entire toolkit is in the process of being converted in an open-source solution that offers the possibility of customizing tools to fit individual users needs and submitting features. Notably, Bitfinex obligates users to submit tax information and may share its own information with government.


Crypto tracker app Blockfolio raises $11.5M

Crypto portfolio tracker Blockfolio has raised $11.5 million in a round of fundraising led by prolific cryptocurrency-focused hedge fund Pantera Capital. The company is reportedly growing beyond its portfolio management feature. The company wants to grow into the role of a mediator for project participants. This is why it released a new feature called “signal,” in May, which supposedly allows cryptocurrency developers share updates through push notifications to their followers on the app.

Blockfolio co-founder and CEO Ed Moncada said: “If we were just a price-tracking application, we wouldn’t be able to raise that kind of money.” The app is currently not monetized, and it doesn’t have plans to run adverts. Moncada sees this move as a way to preserve the trust of its users, even if it means losing revenues. Blockfolio, since its launch in 2014 has attracted more than 4.5 millions users who use the service to stay abreast of information across multiple exchanges, keep tabs on their holdings and to receive recent updates on cryptocurrency project developers.


Hong Kong regulatortotal ban on crypto exchanges unnecessary

The chairman of Hong Kong’s securities regulator has – unlike China – ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission is currently drawing plans to regulate the sector.

Chairman Carlson Tong Ka-shing said “We do not think imposing a total ban on these platforms is necessarily the right approach. Even if we were to ban them, transactions can still be easily conducted via platforms in overseas markets”


Kraken Daily Market Report for 14.10.2018

BTC
$6,246
↑0.58%
$15.7M
ETH
$197.3
↑0.08%
$7.97M
XRP
$0.4181
↑1.38%
$1.95M
USDT
$.97
↓0.55%
$1.78M
XMR
$101.57
↓0.31%
$546,315
BCH
$443.33
↑0.36%
$541,556
MLN
$9.00
↓1.64%
$516,425
LTC
$52.71
↓0.55%
$487,090
ETC
$9.51
↑0.85%
$422,946
EOS
$5.19
↑0.58%
$308,012
XLM
$0.2117
↓0.74%
$155,363
DASH
$158.7
↑1.06%
$137,994
ZEC
$109.5
↓0.85%
$110,074
TSEV KAWMNTAWV
$12.22
↓2.08%
$74,203
ICN
$0.340
↑0.57%
$29,807
GNO
$19.3
↓1.28%
$14,822

KRAKEN DIGITAL ASSET EXCHANGE
$30.7M traded across all markets today


Blockchain News 15.10.2018


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