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Concern for user safety on ethereum is growing, in part, due to the warning cries of gambling dapp developers themselves who warn danger is afoot.

Source: CoinDesk | Date: August 17, 2018

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Coinbase is looking into creating more secure digital payment platforms to help merchants accept bitcoin, a patent filing reveals.

Source: CoinDesk | Date: August 17, 2018

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Binance LCX has launched a fiat-to-crypto exchange in Liechtenstein, offering trading between Swiss francs and the euro against major digital currency pairs

Source: Cointelegraph.com News | Date: August 17, 2018

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Major U.S. consulting firm BCG has released an in-depth report, which it dubs a “reality check” for the use of blockchain in the commodity trading industry

Source: Cointelegraph.com News | Date: August 17, 2018

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Blockchain and cryptocurrency isn’t all about profit. Some organizations are using this technology to transform lives, without money as a motivator

Source: Cointelegraph.com News | Date: August 17, 2018

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Open source decentralized app (dApp) browser and wallet Toshi is now “Coinbase Wallet,” and will initially support ETH, alongside dApps and crypto collectibles

Source: Cointelegraph.com News | Date: August 17, 2018

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The Bank of China has partnered with China UnionPay to jointly explore blockchain applications in the field of cross-border mobile payments

Source: Cointelegraph.com News | Date: August 17, 2018

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U.S. Crypto Investment Firm Attracts $22M in Series A, Looks to Expand Services

Los Angeles-based cryptocurrency investment firm SFOX has raked in roughly $22.7 million in its Series A funding. The round was headed by venture platforms Social Capital and Tribe Capital and earned the participation of other firms like DCG, SV Angel, Blockchain Capital and Y Combinator.

SFOX caters specifically to professional traders, high net-worth individuals and institutions. As a prime dealer for cryptocurrency markets, the company provides access to global sources of trading and liquidity, real-time trading APIs, OTC desks and U2F hardware for private key management. The company’s transaction volume exceeds $9 billion, and its client base has grown 12-fold since January.

In an interview with Bitcoin Magazine, CEO and co-founder Akbar Thobhani said that the addition of institutional investors to the crypto space could bring legitimacy and boost mass adoption. He also suggested that more institutional investors wish to get involved in the cryptocurrency space but are reluctant to do so because of regulatory uncertainty and volatility in the market.

“Traditional institutions, including funds, banks, pensions and endowments require an infrastructure they’re accustomed to for properly managing operational and monetary risk,” he said.

“As infrastructure is built, institutions require trading products to properly hedge themselves during volatile markets. In the financial markets, there is a suite of products that help participants navigate: options, futures, repos, etc. We’re still in the early stages, but the progress in trading products is a positive sign. Options and futures have been available since 2017, and there’s a strong push for bitcoin and Ethereum ETFs.”

Thobhani says the company plans to use its newly acquired funds to expand its services. The company is building a full crypto asset-management platform, and it plans to hire more engineers and operations managers, expand to new geographical markets and add more trading pairs.

“SFOX’s goal is to provide a premier crypto asset management platform,” he said. “This will involve the delivery of a family of products that bring additional durability to crypto asset management, including advanced security and risk management products, additional infrastructure and support, and licenses to access new markets. SFOX believes these offerings will create new untapped opportunities for institutional investors.”

Thobhani added that SFOX’s goal is to provide a single point of entry for institutional investors to access liquidity through a network of global cryptocurrency trading venues, bypassing the time they would spend opening accounts on top exchanges.

He also stated that the company aims to provide many of the same tools institutions are accustomed to seeing when they work with Wall Street while not compromising the unique, security-intensive needs of the industry.  

“We’ve been entrenched in this space for years,” Thobani said. “We officially started SFOX in 2014, and our platform launched in 2015. We understand the needs of institutional investors — the standards they expect, the features that are the most useful to them, and their pain points. That’s why we provide access to global liquidity: to make the high-volume transactions they need possible without negatively impacting markets.”

Lacking traditional investment instruments like the ever-elusive bitcoin ETF, accredited individuals and institutions have few avenues through which to enter the market. The recent opening of a bitcoin ETN to U.S. investors is the closest the industry’s American investors have gotten to an institutional grade crypto offering. Brokerage and prime dealer services like SFOX and others like Coinbase Custody provide institutional investors with a next-best option for entering the market, though such services are still intrinsic to the crypto industry and aren’t linked to traditional markets.

This article originally appeared on Bitcoin Magazine.

Source: Bitcoin Magazine | Date: August 16, 2018

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Nvidia has seen a “substantial decline” in revenue from cryptocurrency miners, the company announced in its second quarter results Thursday.

Source: CoinDesk | Date: August 16, 2018

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Line Corporation, a Japanese Internet firm and the operator of the country’s most popular messaging app, has added Tron (TRX) to its cryptocurrency exchange platform Bitbox. Tron is the first crypto-token to pass the review process by the Bitbox open-listing committee and joins other cryptocurrencies already available in the platform including Bitcoin, Ethereum, Litecoin, Ripple, […]

The post Japan’s Biggest Chat App Line Expands Cryptocurrency Offering appeared first on Coinjournal.

Source: Coinjournal | Date: August 16, 2018

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