German stock exchange considers launching Bitcoin products
Deutsche Boerse, owner of the Frankfurt Stock Exchange, is considering offering cryptocurrency products, according to a report.
Speaking at an industry event in London on Wednesday, Jeffrey Tessler, the firm’s head of clients, products and core markets said:
“We are deep at work with it.”
US launches an investigation of illegal Bitcoin price manipulation
The Justice Department has opened an investigation into illicit trading, specifically whether traders are criminally manipulating the price of Bitcoin, according to four people familiar with the matter.
Federal prosecutors are working with the Commodity Futures Trading Commission, a financial regulator that oversees derivatives tied to Bitcoin.
The illicit tactics that the Justice Department is focused on include spoofing and wash trading, which are illegal practices that can influence prices. In spoofing, a trader submits orders and then cancels them once prices move in a desired direction.
Wash trades involve a cheater trading with their self to give a false impression of market demand that lures other to dive in too.
These are forms of cheating that regulators have spent years trying to root out of futures and equities markets.
Thai bank completes international transaction using blockchain
Thailand’s Krungsri bank successfully conducted a cross-border transaction “in a matter of seconds” with a bank in Singapore using a blockchain.
Using this technology in the future will allow the Singapore bank, Mitsubishi, and presumably other companies to “further improve its liquidity management efficiency and reduce their cost” the bank said.
First crypto hedge fund launched in Australia
Australia’s Every Capital has launched the country’s first cryptocurrency-focused hedge fund for retail investors.
Tom Surman, co-founder and director of the Australia-based investment management company, Na'e pehe 'e:
“We’re proud to be one of the first retail funds that make cryptocurrency and blockchain technology available as a cutting-edge investment for every Australian.”
According to Surman, while many Australians are looking to invest in cryptocurrencies, the lack of technical know-how is preventing most of them from diving into the digital currency waters.
Japanese tech giant GMO to roll out 7nm Bitcoin miner
Japanese IT giant GMO Internet is set to roll out a Bitcoin mining device based on 7nm chips later this year.
The firm said it is launching the new B2 miner on June 6th with mass production to soon follow, and shipments beginning in October.
The announcement said the device should provide high-levels of hashing power with lower electricity demands.
Coinbase acquires crypto exchange Paradex & plans to offer services outside US
Coinbase, the largest crypto exchange platform in the US, has acquired decentralized exchange platform Paradex.
Paradex ko ha ngaue tokoni fakato'u-ki he-fakato'u 'oku 'omi 'e he kau ngaue he polokalama e malava ko ia ke fakafetongi 'a e cryptos fakahangatonu mei he'enau ualeti kae 'oua 'e faka'aonga'i e fakahu 'o e ngaahi tokoni hange ko e Coinbase, Gemini, mo e ha fua. Ko ia, Na'e ma'u 'e kinautolu 'oku nau faka'aonga'i 'a e ngaahi totonu 'o e fakama'a kakato 'enau vahehongofulu mo e kolomu'a 'o e fiat.
Coinbase 'a e ngaahi palani ke fai ha fakalahi ki he tekinolosia mo kamata'i 'a e ngaahi tokoni 'a e Paradex ki he kau kasitoma 'i tu'a 'i he 'Iunaiteti Siteiti.
Malohi 'o e ivi Seki kautaha ke tali 'a e ngaahi totongi 'o e Bitcoin
Ko e taha 'o e ngaahi kulupu 'o e kasa fakanatula lahi taha 'i he Lepupelika 'o Seki, Plynárenská 'o e Pražská, has announced plans to accept Bitcoin next month.
The energy company is the only company in the industry to take such a step.
At present, Pražská plynárenská electricity supplies more than 420,000 customers with gas.