“The OTC feature will come as a relief to traders who wished to trade bitcoin in larger quantities and weren’t able to do so previously due to: 1) buy/sell limit or 2) low liquidity in Indian bitcoin exchanges. This was a service that more serious Indian bitcoin traders were lacking, until now,” said Harish B V, Co-Founder and CFO at Unocoin.
DLT Financial announced its plans to launch the first fund tracking an index of the 10 most popular cryptocurrencies, including Bitcoin, Ether, Ripple.
Dave Askey, co-founder of DLT Financial and chief technology officer at Tramonex said: "Currently it's really very hard to invest in these assets as a pretty deep technical knowledge is needed to buy and manage them. We want to bring (them) to the wider community."
Thomson Reuters, Ethereum, Imperial College of London, and UCL to host Blockchain hackathon on September 9-10, 2016 in London, UK.
WebMoney, an online payment transfers service, now offers a Bitcoin payment solution for goods and services in shops that are authorized by the WebMoney Transfer System. This was reported in a press release. To start accepting payments in Bitcoin, any seller registered in the WebMoney system must configure X-purse on a Merchant WebMoney service.
CME Group, the world's leading derivatives marketplace, announced it is to open a new innovation center at the Research Park at the University of Illinois Urbana-Champaign campus, where engineering and computer science students could work on FinTech and mathematical innovation projects, such as Blockchain, big data analytics and machine learning.
The Fintech Facilitation Office of the Hong Kong Monetary Authority and the Hong Kong Applied Science and Technology Research Institute announced the launch of the new Innovation Hub to support research and adoption of FinTech and Blockchain.
Herjavec Group and Cybersecurity Ventures report a growing statistic of cybercrime activity impacting enterprises and governments worldwide. According to the report, ransomware damages and related costs will reach $1 billion annually by the end of 2016.