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Crypto Futures Exchange Deribit Launching Bulk Derivatives Trading

Deribit claims it’s becoming the first crypto futures and options exchange to provide large-volume trades of bitcoin and ether derivatives. The move comes via a partnership with institutional messaging service Paradigm, according to a BNN Bloomberg report on Thursday. Deribit’s CEO, John Jansen, reportedly said the new service will offer block trades with a minimum of 40 bitcoin and …

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Major Banks Back $7.4 Million Funding Round for Korean Blockchain Firm

Blocko, a South Korean blockchain firm working on enterprise applications of the tech, says it’s raised 9 billion Korean won (around $7.44 million) in an Series B+ round. According an announcement on Thursday, Blocko said Korea’s oldest bank, Shinhan, as well as KEB Hana Bank, LB Investment and Dadam Investment took part in the round. The investment …

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Silvergate Bank Eyes Crypto-Collateralized Loans for Institutions

Silvergate Bank, one of the cryptocurrency industry’s few go-to financial service providers, is planning to become a crypto lender. According to an updated IPO filing, Silvergate, which serves some of the cryptocurrency world’s top firms like Coinbase, Bitstamp, Genesis Trading, Blocktower Capital, Polychain Capital and Xapo, has seen increased demand from the industry and is aiming to …

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Barclays Is No Longer Banking Coinbase

The most prestigious banking relationship in crypto has ended. Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CoinDesk. And while Coinbase found a replacement in U.K. upstart Clearbank, according to people familiar with the situation, the change has indirectly inconvenienced the exchange’s users. That’s because, aside from …

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Coinbase Says It Foiled a ‘Sophisticated’ Hacking Attack

Cryptocurrency exchange Coinbase has revealed that it has been targeted by, and foiled, “a sophisticated, highly targeted, thought out attack” aimed to access its systems and presumably to make of with some of the billions of dollars’-worth of cryptocurrency it holds. In an Aug. 8 blog post that sets out in technical detail how the …

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Overstock Will Open tZERO Security Token Market to Retail Traders Next Week

Overstock is opening up trading on its security token market, tZERO, to all comers. Retail investors will be able to trade on the platform starting Aug. 12, tZERO CEO Saum Noursalehi told CoinDesk. At that point, the one year lock-up period for tZERO’s 2018 security token offering (STO) will pass. While the platform went live in January, …

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Standard Chartered Completes First Transaction on Oil Industry Blockchain Platform Voltron

Standard Chartered Bank has announced the successful completion of the first international letter of credit (LC) transaction on the oil industry-focused blockchain platform Voltron. In an announcement Wednesday, the bank said it had conducted the pilot transaction for PTT Group, PTT International Trading Pte Ltd and IRPC Public Company Limited, which involved shipment of an oil product …

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Amazon Is Looking for an Engineer to Put Advertising Data on a Blockchain

Amazon is seeking to integrate parts of its advertising business with a blockchain. The Seattle-based e-commerce giant is looking for a senior software engineer to join its “Advertising FinTech team focused on a Blockchain ledger,” according to a recent job posting. This new team, based in Boulder, Colorado, will be focused on billing and reconciliation systems to …

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tZERO Patents Tech for Recording Trades on Public Blockchains

Security token trading platform tZERO has been awarded a patent for a way of recording trading data on public blockchains. The company, a subsidiary of retail giant Overstock, announced Tuesday that the patent for its new tech, dubbed “Time Ordered Merkle Epoch (TOME) methodology,” had been awarded by the U.S. Patent and Trademark Office. The …

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British Tax Authority Seeks Data from Crypto Exchanges in Search of Tax Evaders

HM Revenue & Customs, the British tax authority, is pressuring cryptocurrency exchanges to reveal customers’ names and transaction histories, in a bid to claw back unpaid taxes, industry sources said. Letters requesting lists of customers and transaction data have landed on the doorsteps of at least three exchanges doing business in the U.K. – Coinbase, eToro …

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