Crypto News 

Lloyd’s of London Provides Insurance for BitGo Crypto Assets

“Crypto wallet BitGo has come up with a new offering that allows its users to cover up to $100 million worth of their digital assets held in their accounts with the blockchain security firm” writes Aziz Abdel-qader for financemagnates.com. While traditional institutions are shying away from cryptocurrencies and related assets, BitGo obtained its insurance coverage from the prestigious Lloyd’s of London, one of the oldest insurance agencies in the world, with centuries of experience in this industry. “We have been working hard to tailor a bespoke insurance product for BitGo,…

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Crypto News 

Crypto Investment Services Firm BitGo to Add Support for TRON

“In January, BitGo partnered with Bitcoin over-the-counter (OTC) trading platform Genesis Global Trading to allow clients trading cryptocurrency directly from BitGo custody” writes Ana Alexandre for cointelegraph.com. Institutional-grade cryptocurrency investment services firm BitGo will provide wallet and custody support for cryptocurrency Tron (TRX), according to a press release shared with Cointelegraph on Feb. 20.The partnership allows BitGo custody clients to execute internal settlements on the same day, powered by Genesis’ high liquidity based on a large network of trading partners.BitGo is reportedly the world’s largest processor of on-chain Bitcoin (BTC)…

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Crypto Futures Markets News 

ETH Futures Case: The Industry’s Feedback to CFTC, Reviewed

“Now, given that Ethereum, like Bitcoin, has been cleared of being classified as a security, the watchdog might be preparing to greenlight Ethereum futures contracts” writes Stephen O’neal for cointelegraph.com. The CFTC, which oversees the futures and options market in the U.S., has long determined that Bitcoin is a commodity, and therefore falls into its regulatory purview.The agency also noted that it oversees the commodity futures markets as per the Commodity Exchange Act (CEA), meaning that the CFTC will most likely use the comments to assess the possibility of approving…

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Crypto News 

First Pension Funds Investing in Crypto — a Sign of Things to Come?

“This survey was carried between December 2018 and January 2019, and 71 global institutional investors took part, which included private equity, hedge funds and pension funds” writes Gareth Jenkinson for cointelegraph.com. When asked if he expected other governmental pension funds to look to invest in the space, Weiler replied that ‘he had no idea’.The news is being hailed as the first time a United States pension fund has directly invested into cryptocurrency assets.Considering this fact, the move by Morgan Creek Digital is a positive sign for the cryptocurrency ecosystem amid…

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Crypto News 

Galaxy Digital Joins $15 Million Investment Round in Crypto Security Firm CipherTrace

“Mike Novogratz’s crypto investment bank Galaxy Digital has invested in blockchain security company CipherTrace, according to an official press release published on Feb. 19” writes Helen Partz for cointelegraph.com. California-based CipherTrace will use the secured funds in order to improve tools for cryptocurrency intelligence, anti-money laundering (AML) solutions, blockchain analytics and forensics and compliance. Earlier today, Solidus Labs, a security firm founded by former Goldman Sachs fintech engineers, raised $3 million to combat crypto market manipulation.Founded in 2015, CipherTrace began tracking criminal activity on Bitcoin’s (BTC) blockchain in 2011, the…

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Crypto News 

US: Crypto Advocacy Group Encourages Financial Regulators to Foster Innovation

“United States blockchain advocacy group the Chamber of Digital Commerce has encouraged two major financial regulators to foster blockchain innovation, according to an official tweet on Feb. 19” writes Ana Berman for cointelegraph.com. The examinations will include cryptocurrency surveillance practices, as well as other market and trading surveillance, including real-time monitoring.In a separate letter to the CFTC, the group expressed support for the Commission’s previously launched initiative, dubbed LabCFTC, which examines fintech innovations.The group believes that blockchain offers a “myriad of transformational benefits” for businesses, government. and consumers. Source: cointelegraph.com

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Crypto News Reviews 

Bitcoin News Digest Wednesday, February 20, 2019

Bitcoin on track to book 5th win in a row Bitcoin prices trade higher on Wednesday, looking to extending the four-day win streak that has seen the cryptocurrency trade toward the $4,000 mark.   Bitcoin SV [BSV] Price Analysis: Market correction pushes coin below Cardano [ADA] Market correction has hit Bitcoin SV [BSV] quite hard after the coin added $150 million to its market cap over the past few days…   Bitcoin Price Looks North As Trading Volumes Hit 9-Month Highs Bitcoin (BTC) could revisit December highs above $4,200 in…

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Crypto News 

Binance launches Binance DEX, a decentralized trading platform built on its own blockchain network, for public testing

“Binance first announced the plan to develop its own blockchain and a decentralized exchange in March 2018, after it kicked off its centralized spot-trading exchange Binance.com in mid-2017” reports coindesk.com. Binance, the world’s largest cryptocurrency exchange by trading volume, has rolled out public testing for a decentralized trading platform built on its own blockchain network.The company announced on Wednesday the new platform – called Binance DEX – is now up for public testing where users can create their own wallets and interact with the trading platform’s interface. Source: coindesk.com

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Crypto Markets News 

Exciting News! For 40 Days, Bitcoin is in a Price High – Would it Hit 5,000 USD?

“The whole of the virtual currency markets have been showing bullish price actions these past few days, with Bitcoin testing the resistance at nearly 4,000 USD for 5 days this week” reports livebitcoinnews.com. The performance of the Cryptocurrency market as we speak would certainly help the argument that the Crypto bear market has actually, finally came to an end.Generally, the Cryptocurrency market capitalization gained almost 6 Billion USD starting last Monday. Source: livebitcoinnews.com

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Crypto Markets News 

Ex-Goldman Sachs Engineers Raise $3 Million to Combat Crypto Market Manipulation

“Solidus Labs has raised $3 million to combat crypto market manipulation, according to a press release shared with Cointelegraph on Feb. 20” writes Helen Partz for cointelegraph.com. According to the press release, the Solidus Labs SaaS has managed to reduce trading manipulation false positives by 30 percent to date, which reportedly contributed to improving manipulation detection techniques.Recently, a Commissioner at the United States Commodity Futures Trading Commission argued against the Securities and Exchange Commission’s decision to reject a Bitcoin (BTC) exchange traded fund, claiming that potential crypto market manipulation should…

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