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| November 14, 2018

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CNN

Opinion: Jamal’s Khashoggi’s legacy should be peace in Yemen

November 11, 2018 |

“One death is a tragedy, a million deaths is a statistic”.
CNN.com – RSS Channel – World

This Firm Wants Legacy Financial Players Trading Cryptocurrencies

October 17, 2018 |

This Firm Wants Legacy Financial Players Trading Cryptocurrencies

Over the last few months, there’s been a lot of talk about institutional money coming into the digital asset economy. On Tuesday, the institutional-grade cryptocurrency trading platform Caspian announced the end of its beta stage. Caspian claims 15 institutions are utilizing the trading platform and the firm expects to onboard 50 clients by the year’s end.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Caspian’s Multi-Exchange Trading Platform Comes out of Beta

This Firm Wants Legacy Financial Players Trading CryptocurrenciesOn Oct. 16, Caspian has revealed the company’s flagship trading platform is out of its beta phase and over a dozen institutional investors are using the service. Caspian has been making partnerships in order to become an all-in-one platform with access to multiple exchanges. Back in May, the firm teamed up with the Seychelles-based trading platform the Bitcoin Mercantile Exchange (Bitmex), and last September the company partnered with Coinbase. According to Caspian’s creators, the company’s mission is to bring comprehensive trading tools to the “players in the legacy financial system.”

“[Institutional investors] need resources similar to those they use for managing traditional assets — systems that manage portfolios, orders and risk management,” explained Richard Mannell, director of the firm Techemy Capital. “It’s going to be fascinating to see what happens to the crypto market when institutional investors move in in the hundreds, which I think is about to happen.”

This Firm Wants Legacy Financial Players Trading Cryptocurrencies
Caspian uses an Order and Execution Management System (OEMS) which connects to all 25 exchanges, allowing a variety of management choices for cryptographic assets.

Enterprise Custody and Trading Go Hand in Hand

Caspian says it now provides over 25 exchanges via a single interface which include well-known platforms such as Binance, Poloniex, Bittrex, Bitstamp, Fisco, CME Group, Itbit and more. During the latest onboarding process, Caspian says the clientele using the system are companies such as Travis Kling’s Ikigai Asset Management, Lykke, Id Theory, and Bletchley Park.

The news follows the very large financial firm Fidelity Investments launching an institutional-grade cryptocurrency management platform. Fidelity explains the company will provide “enterprise-quality custody and trade execution services for digital assets.” Caspian’s chief operations officer, David Wills, says Fidelity’s custodial services will complement the company’s product offering.      

“At Caspian, we believe institutional investors need two things – an institutional-level custodial solution that Fidelity will bring, and secondly, intuitive and user-friendly software platforms, like Caspian for the management of these assets,” Wills noted after the announcement.

What do you think about Caspian’s institutional-grade cryptocurrency trading platform? Do you think such investors need a trading desk like Caspian’s? Let us know your thoughts on the subject in the comments section below.


Images via Shutterstock, Caspian logo, and Pixabay.


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The post This Firm Wants Legacy Financial Players Trading Cryptocurrencies appeared first on Bitcoin News.

Bitcoin News

CNN

The homophobic legacy of the British Empire

September 28, 2018 |

A wave of joy and relief swept through India’s LGBT community last week following a landmark decision by the country’s Supreme Court to legalize consensual gay sex.
CNN.com – RSS Channel – World

Hugh Hefner’s daughter Christie opens up about keeping Playboy founder’s legacy alive

September 27, 2018 |

For Christie Hefner, visiting the Playboy Mansion was a child’s dream.
FOX News

Barclays, 300 Year-Old UK Legacy Bank, Files Crypto Patents

July 20, 2018 |

Barclays, 300 Year Old UK Legacy Bank, Files Crypto Patents

The UK’s Barclays, arguably the most powerful international corporate bank in the world, filed two crypto-related patents this week. The 300 year-old legacy bank gobbled up exclusivity over cryptocurrency transfers and distributed ledger data storage. There appears to be a trend for companies, both in and out of the ecosystem, aiming to lock up the potential of money’s future.

Also read: Philippines Embraces Cryptocurrency: Exchanges Issued Provisional Licenses

Barclays Files Two Crypto Patents

Maybe it’s a sign of things to come. Barclays, founded in London around the late 17th century, filed two patents with the United States Patent and Trademark Office this week. One concerns a method “and system for transferring digital currency from a payer to recipient comprising receiving an identifier of data describing the first entity,” application number 1511964.7 reads.

The other is a method “and system for recording data describing a first entity, the data endorsed by a second entity comprising the second entity validating data describing the first entity, wherein an identifier is associated with the data, the identifier being generated from a public key of the first entity,” crediting inventors Julian Wilson and David Fulton, both of Cheshire, Great Britain.

Barclays, 300 Year Old UK Legacy Bank, Files Crypto Patents

It doesn’t get more legacy financial than Barclays. It is a staple on English stock exchanges, along with a definitive seat on the New York Stock Exchange. At least one study published just a few years ago pins it as the most powerful bank in the world.

The bank has been particularly active in the cryptosphere the past two years. Summer of last year, it openly worried about crypto’s threat to its industry. Spring of the present year saw it team with Coinbase, and rumors are it’s considering its own crypto trading desk. The above patents will only add to speculation the bank is positioning itself in light of future fiscal reality.

Patents All Around

This week, no less than Mastercard appears to be flirting with crypto patents. Ecosystem company, Nchain, has steadied in this way, collecting three more recently. Another bank, Bank of America, officially became the crypto patent king this year.  

Barclays, 300 Year Old UK Legacy Bank, Files Crypto Patents

The Barclays patent, “Secure Digital Data Operations,”  involves retrieving “an entry from a block chain based on the received identifier. Authenticating the entry using a public key of the second entity. Extracting the data describing the first entity from the retrieved entry. Authenticating a block in the block chain containing the entry using a public key of a third entity,” it reads choppily.

Barclays, 300 Year Old UK Legacy Bank, Files Crypto Patents

Its other patent, “Data Validation and Storage,” seems to be cryptographically “signing data corresponding with the data describing the first entity using at least a private key of the second entity. Posting a transaction to a block chain including the cryptographically signed data. Method and system for obtaining data describing a first entity the data endorsed by a second entity comprising. Receiving an identifier of data describing the first entity. Retrieving an entry from a block chain based on the received identifier. Authenticating the entry using a public key of the second entity. Extracting the data describing the first entity from the retrieved entry,” it listed.

Are patents such as Barclays’ meaningful? Let us know in the comments section below.


Images courtesy of Pixabay, Barclays.


Need to calculate your bitcoin holdings? Check our tools section.

The post Barclays, 300 Year-Old UK Legacy Bank, Files Crypto Patents appeared first on Bitcoin News.

Bitcoin News

Hugh Hefner’s daughter Christie opens up about keeping Playboy founder’s legacy alive

July 12, 2018 |

For Christie Hefner, visiting the Playboy Mansion was a child’s dream.
FOX News

Oldest Sumatran Orangutan Dies, Leaves ‘Incredible Legacy’

June 19, 2018 |

Australia knew her as the “Grand Old Lady” of Perth Zoo, and the world, via Guinness World Records , knew her as the oldest known Sumatran orangutan on Earth. Sadly, Puan had been suffering of late from age-related issues, and so she was euthanized on Monday at the age of 62….
Newser

Legacy Poloniex Customers Are Complaining About Frozen Accounts

May 28, 2018 |

Legacy Poloniex Customers Are Complaining About Frozen Accounts

This past week, many users who patronize the cryptocurrency exchange, Poloniex, have been complaining about their legacy accounts being frozen for not being verified on the exchange. Complaints are piling up on social media and forums over the past couple of days, with reports of even users who have been able to get their account successfully verified through the automated process still cannot trade or access their funds.

Also read: There’s a Bitcoin Themed Card Game On Kickstarter Called ‘Bitcon’

Poloniex Customers Complain About Frozen Accounts  

Legacy Poloniex Customers Are Complaining About Frozen Accounts Back in December of 2017, the cryptocurrency trading platform, Poloniex, announced all users especially legacy accounts who were once grandfathered must verify their identity by Q1 of 2018. Soon after the exchange announced this requirement a press leak revealed the exchange was acquired by the firm Circle Financial but representatives denied the acquisition. Then a few months later in February, it was revealed Circle Financial had officially purchased Poloniex and that the firm was taking over the business. Many people believe Poloniex’s verification requirements were due to the Circle acquisition, as the Boston-based firm is very adherent to regulatory policies like AML/KYC laws. This week, many Poloniex customers are seeing their accounts frozen unless they verify their identity.

Legacy Poloniex Customers Are Complaining About Frozen Accounts
Any time a user wants to trade, or withdraw if their account is frozen this warning pops up even for those who have submitted ID. 

On the Poloniex Reddit forum, there are a bunch of complaints and gripes about the verification process. One user on Reddit named u/PauleeWorli explains he is still unable to access his account even after completing the automated process.

“I am a ‘legacy’ user on Poloniex and I was told to verify today when I logged in,” explains u/PauleeWorli. “I did that and promptly got an email reply saying I had been verified — My profile now says I have a ‘level 3 verification’ — the type that allows $ 25,000 per day.

But when I go to trade it tells me ‘account frozen’ when I try to place an order. I did make a ticket and then checked Twitter and it seems many people have the same ‘now verified but still frozen’ problem. Can anyone help me here please?

Legacy Poloniex Customers Are Complaining About Frozen Accounts
Legacy users who haven’t verified their accounts are greeted by this page.

Legacy Customers Say They Didn’t Get An Email Notification Detailing a Specific Time Limit

The Reddit post has a bunch of replies with customers explaining they are having the same issues with Poloniex even after verification. On Twitter, the same sentiment can be seen as there are many Poloniex customers grumbling about frozen accounts. One individual on Twitter explains he is angry because he wasn’t notified of the account freeze taking place this week.  

“Something is wrong, Poloniex, I clearly remember you giving warning before 2018 saying after disabling “TRADING” legacy accounts would be able to WITHDRAW their coins,” the customer emphasizes.  

Freezing suddenly? I didn’t even get an email with time limit!

Just like the many Reddit posts, there are a lot of customers on Twitter complaining about this frozen account issue. At the moment there are currently no official statements on either the Poloniex Twitter page, Reddit forums, or the website itself.

What do you think about the Poloniex freezing unverified accounts? Let us know what you think about this subject in the comments below.


Images via Shutterstock, Poloniex, and Jamie Redman. 


Prove ownership on the Bitcoin Cash Blockchain for only 0.0005 BCH. Using the Bitcoin.com Notary.        

The post Legacy Poloniex Customers Are Complaining About Frozen Accounts appeared first on Bitcoin News.

Bitcoin News

‘Terrorists’ or ‘Mistaken Idealists’? Spain Confronts ETA’s Bloody Legacy

May 8, 2018 |

The militant separatist group ETA is dissolving, bringing a formal end to half a century of violence and shifting Spain’s attention to how to heal divisions left behind by a violent campaign that killed more than 800 people.
WSJ.com: What’s News Europe

Xi Capitalizes on Marx’s Legacy to Rally China Around Communist Party

May 8, 2018 |

Decades into China’s capitalism-fueled economic miracle, President Xi Jinping is promoting Karl Marx to rally the nation around the Communist Party.
WSJ.com: What’s News Asia