Bloomberg launches crypto index
Bloomberg, together with Galaxy Digital Capital Management LP, a leading digital asset management firm founded by Michael Novogratz, today launched the Bloomberg Galaxy Crypto Index.
The index is designed to track the performance of the largest, most liquid portion of the cryptocurrency market, which provides transparent benchmarking for cryptocurrency investors.
Michael Novogratz, CEO and Founder of Galaxy Digital Capital Management, said, “The Bloomberg Galaxy Crypto Index brings unprecedented transparency to the crypto markets.”
Winklevoss brothers file patent for settling crypto ETFs
The Winklevoss brothers have been awarded a patent that aims to settle exchange traded products (ETPs) holding cryptocurrencies.
The company outlined a system that can execute transactions for ETPs holding cryptocurrencies “such as bitcoins.”
ETPs, which include exchange-traded-funds (ETF), are a type of security whose prices are derived from other investment instruments they are tied to, eg. cryptocurrencies.
Australian government allocates half a million USD to blockchain research fund
The Australian government has allocated AU $700,000 to its Digital Transformation Agency to explore blockchain applications within government services.
The budget document states “The Government will provide $0.7 million in 2018-19 for the Digital Transformation Agency to investigate areas where blockchain technology could offer the most value for Government services.”
China’s police file patent for storing evidence using blockchain
China’s Ministry of Public Security has developed a blockchain system aimed to more securely store evidence collected during police investigations.
The ministry’s research arm filed a patent for a blockchain-based system that timestamps and stores data submitted to the cloud in a bid to provide a more transparent and tamper-proof deposition procedure.
Colorado passes bill to use blockchain for records and cyber security
The Colorado state Senate passed a bill which would utilize blockchain technology in order to store government records and improve their cyber security.
The bill requires all Colorado government offices to utilize blockchain encryption techniques in order to protect confidential records from unauthorized access or manipulation.
The bill states that blockchain offers many solutions regarding the finances and “connection of society” by securing and detailing transactions performed on the internet while maintaining a high degree of privacy.