Crypto News 

TSMC Trims Full Year Sales Forecast as Crypto Mining, Smartphone Demand Wanes

“TSMC also noted that the proportion of its $7.85 billion in second quarter sales to smartphone manufacturers fell by 10 percentage points to 48%” writes Martin Baccardax for thestreet.com. “Moving into third quarter 2018, we anticipate our business will benefit from new product launches using TSMC 7-nanometer technology while cryptocurrency mining demand will decrease from second quarter.”. Ltd., (TSM) the world’s biggest contract chipmaker and a leader supplier for Apple Inc. (AAPL) iPhones, trimmed its full year revenue forecasts Thursday, citing a slowdown in cryptocurrency mining and waning smartphone demand.Earlier…

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Crypto News 

These Swiss brothers went from selling waffles to blockchain finance

“I then started to Google alternative payment methods, and that is when I first read about Bitcoin and blockchain technology” writes Stewart Rogers for venturebeat.com. Moritz and Celerina, the Stöhrs have created Crypto Finance Conference AG, an events business that focuses on blockchain-technology finance.As investors are the ones who will be crucial for the crypto and blockchain space, there has to be an investor-focused conference.We had one player at the table who was mining Bitcoins and talked about blockchain and crypto.Gallen and have always been interested in new technologies and solutions,”…

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Crypto News 

Decentralised Capital to Create Australia’s First Insured Crypto Vault

“The partnership endeavors to create the first insured cold storage vault for digital assets in Australasia” reports financemagnates.com. According to Decentralised founder and director, Stephen Moss, the crypto vault aims to take advantage of Australia’s growing market for storage solutions in the digital currency market.According to the report, the vault will target both wealthy and institutional investors, plus exchanges and initial coin offering issuers. Source: financemagnates.com Share This:

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Crypto Markets News 

Bitcoin may be down 45% this year, but money is pouring into one crypto fund manager at the fastest clip in its history

“But for one crypto investor, this bearish backdrop has been coupled with a spike in investor interest” writes Frank Chaparro for businessinsider.com. Grayscale, which manages $2 billion in assets, runs a number of crypto funds including its Bitcoin Investment Trust as well as one for XRP, bitcoin cash, and ethereum.At the same time, over 300 crypto funds have launched to invest in digital assets, according to a report by Autonomous NEXT released this week.Bitcoin is trading down more than 45% since the beginning of the year, and the market for…

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Crypto News 

How Regulation Could Help Cryptocurrencies Grow

“And they will help the United States emerge as a wise leader in the regulation of cryptocurrency, which will spur entrepreneurship and innovation in this country” reports hbr.org. Without clear regulations, cryptocurrency innovation in the United States is being stifled.Given the regulatory uncertainty, the United States also risks allowing fraudulent purveyors of cryptocurrencies to drive out the good.And the commonweal suffers, as other countries lure innovators away from the United States by creating rules that make their jurisdictions more hospitable to this growing asset class.But an emergent fourth asset class, cryptocurrencies,…

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Crypto News 

UK Crypto Exchange Coinfloor Taps Trading Technologies’ TT® Score

“The deployment will provide Coinfloor with the fully integrated suite of trading tools, and the means to access TT and TT Crypto trading platforms beginning in Q3 2018” reports financemagnates.com. The newly integrated TT Score is another way that helps London-based digital currency exchange reduce costs and create efficiencies while acquiring new compliance surveillance capabilities.Chicago-based Trading Technologies International, a global provider of trading solutions, today announced in a joint statement with cryptocurrency exchanges operator Coinfloor a new partnership to implement its flagship TT Score machine learning technology.CoinfloorEX’s connection to the…

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Crypto News 

Poland’s Largest Crypto Exchange BitBay Now Offers FX Products

“Polish cryptocurrency exchange BitBay announced on Monday that it has introduced a FIAT Currency Exchange feature to its platform” reports financemagnates.com. The addition of the currency exchange allows investors to exchange their funds in one place, instead of having to use third-party exchange services.Through its Trejdoo.com financial platform, the company offers an online currency exchange, currency cards, foreign transfers, escrow trust accounts, and other financial solutions.According to a statement released by the broker, the Fiat currency exchange is only available to verified users.The currency exchange now allows traders to buy…

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Crypto News 

The toughest exam in finance is adding a section on cryptocurrency next year

“Known as the most brutal test in finance, CFA applicants are required to pass a three-stage examination” writes Business Insider Australia for businessinsider.com. The Chartered Financial Analyst (CFA) Program has announced that cryptocurrencies and blockchain will now form part of the curriculum.Measured by transaction volume, Japan-based Binance is the largest crypto exchange in the world.Questions on crypto will form part of the subject matter for the first two levels of the exam. Source: businessinsider.com Share This:

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Crypto Markets News 

Robinhood Adds New Crypto Assets

“Robinhood has added litecoin and bitcoin cash to its current bitcoin and ethereum offerings, raising the number of tradable crypto assets to four” writes Alan Farley for investopedia.com. The company has registered TradeStation Crypto Inc. in Florida, and it is working in collaboration with parent Monex Group, Inc. (MNXBF) to bring crypto trading services online through the Coincheck exchange.According to a statement, Fink will be advising the company about crypto assets and initiatives that include an upcoming U.S. expansion.TradeStation is pressing ahead with plans to offer cryptocurrency trading on its popular trading…

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Crypto News 

UK Positioned to Lead the Crypto Economy According…

“What do you think of the recent report positioning the UK as one of the future leaders in the cryptocurrency field?” reports livebitcoinnews.com. The gap between the two worlds of traditional finance and crypto economy remains, but in the coming years we can expect this to lessen and eventually disappear.At the same time, it is starting to demonstrate significant potential to become a leader in blockchain technologies and the crypto economy.He says: The UK is a major global financial hub and in recent years has become a fintech leader as…

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