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Coinbase Launches Trading Desk For Institutional Investors

OTC, or over-the-counter, trading occurs between two parties directly ー as opposed to over an exchange ー typically between an investment bank and its clients. “We launched our OTC business as a complement to our exchange business because we found a lot of institutions were...

Mike Novogratz’s Crypto Trading Desk Lost $136 Million in Nine Months

The bad year for traders at Mike Novogratz’s cryptocurrency merchant bank got even worse in the third quarter -- and that was before the market fell out of bed this month. Net realized and unrealized losses on digital assets at Galaxy Digital Holdings LP’s trading...

UAE Government to Strengthen Global Position in AI, Blockchain Technologies

The Second UAE Government Annual Meetings, held in Abu Dhabi, witnessed the launch of two national initiatives aimed at reinforcing the artificial intelligence, AI, and Blockchain sector to strengthen the UAE leading position globally. During the meeting held by the AI and Blockchain Joint Working...

Bitcoin Gets a Thumbs Up From New York Stock Exchange’s Chairman

Bitcoin has plunged in price in the past year, but the CEO of one of the world’s biggest exchange operators isn’t deterred from entering the space. Jeffrey Sprecher, CEO of IntercontinentalExchange (ticker: ICE) and chairman of the New York Stock Exchange, spoke enthusiastically about cryptocurrencies...

South Korea to Develop Blockchain Voting System

South Korea plans to develop a blockchain voting system, with trials starting next month in the private sector. The Ministry of Science and ICT, and the National Election Commission (NEC) said they will develop a blockchain-based online voting system by December. The NEC ran an...

Bitfinex Announces Tether Neutrality and Launches New Stablecoin Pairs

Continuing our heritage of providing a neutral, coin-agnostic platform, from today Bitfinex users will be able to trade Tether-fiat directly on our platform through the addition of USDT/USD and EURT/EUR Tether trading pairs. This replaces the previous 1:1 conversion on deposits and withdrawals provided...