📰 Sep 13, 2018: Morgan Stanley to offer Bitcoin swaps in the near future; 9 of 10 blockchain projects is plagiarism; listings/exchanges and more news

in #bitcoin6 years ago (edited)

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📌 Rumors: Morgan Stanley plans to offer Bitcoin swaps

[Unconfirmed] Morgan Stanley plans to offer Bitcoin-tied derivatives trading: new positive guesses on the background of local market recovery


It is important to report that rumors about large companies have appeared more than once on the crypto market. The main sources refer to "unnamed familiar people", so, there is no official company's announcement about this yet.

According to unofficial respondents, the company plans to introduce a new type of investment related to crypto-currencies for its clients. The new product will be presented as a swap contract. Indirect trade will be based on the contracts tied to fluctuations in the Bitcoin's price, which in turn will be tied to BTC futures. As a result, customers will be able to open long and short positions on Bitcoin swaps to get total revenue.

Morgan Stanley is not the only one company that promises direct or indirect trade with digital assets (and its derivatives) during this time. The market also noticeably brightened up earlier, receiving news about derivatives trading from Goldman Sachs. Citigroup also offers the crypto purpose, which is also based on indirect cryptocurrency purchases.

Is this possible? It is likely that the derivatives markets (swaps, as in it example), formed to speculate on the difference in price, maybe too risky enough for Bitcoin. It is extremely difficult to analyze the demand for such a proposal.


📌 BitGo received approval to open custodian for digital assets

BitGo Trust will offer regulated storage for institutional investors, "especially for those who are registered advisors and broker dealers"


The Californian startup BitGo has received permission to work with institutional investors as a qualified custodian. This approval will allow the company to store and manage digital assets with necessary AML/KYC verification.

BitGo has been looking to solve this issue throughout 2018, with its own developments and the purchase of Kingdom Trust, a digital asset custodian with roughly $12 billion in assets under storage.

The crypto security provider has now been given a major boost after the South Dakota Division of Banking has approved BitGo Trust Company as a public company.

source: www.thetradenewscrypto.com

Is the cryptocurrency custody a popular solution? While retail (independent) investors are unlikely to store assets on the third party side, banks, funds and large capital at all are getting to be in the main group of the custodian clients.


📌 Blockchain plagiarism: 80% of altcoins code isn't unique

Study shows: 9 out of 10 blockchain projects don`t have a completely original code. Marketing > innovation?


According to the latest analysis of the code submitted by various blockchain projects, 80% of altcoins use plagiaristic technical stuffing. (Provided by Netta Lab). Moreover, 405 (83%) tokens and coins have from 90% up to 100% stolen code, which allows us to speak about 4 out of 5 projects that do not exactly match the criteria of uniqueness.

Blockchain-based solutions are still a fairly variable field for development. While the main basis of program logic can remain identical to others, many new protocols, for example, PoS, PoW, PoA, PoR (including upgraded), and many of them can make the project sufficiently unique, and provide reliability in terms of different tasks.

Such a distribution, when, in fact, almost every project uses the already submitted code, may indicate a strong marketing focus of ICOs and start-ups. What also, the interface of the platform can be the endpoint for subsequent changes in the ready-made solution. All this, in the end, can give such figures.

Know more: 72% in business believe in crypto . Greenwich Associates provided research results where it shows that 72% banks, brokers and hedge funds say that cryptocurrency is not going away

Did you know? The Ethereum sell-off (ETH) continues. Over the past 10 days, ICOs sold 160,000 ETH. In total, about 280,000 coins were sold in a month.


📌 Coinbase official thinks that institutional investors need to get crypto seriously at first

«When institutional methods come into the cryptospace, it helps validate, shows the world that crypto is real, it’s legitimate»


Keyvon Pirastani, director at Coinbase took part in the ‘Institutional adoption of cryptoassets’ at the 2018 Ethereum Classic Summit in Seoul, South Korea*. His speech shows that institutions are the superior clients for the company: referring to his words,

[…] And so when institutional methods come into the cryptospace, it helps validate, shows the world that crypto is real, it’s legitimate. And that the biggest players in the world have taken it seriously.”

Moreover, he refers to the exceptional importance of institutional players for the crypto-currency market. Does this mean that, in general, the whole market is aimed at big fish in the first place? How much attention is paid to retail customers, and just crypto-users? It is likely that modern discourse is completely leaving ordinary cryptos.

At least, to say that the crypto-currencies will be fully recognized only when the institutionalists completely pass themselves into it, is probably too one-sided. Bitcoin and other digital assets, as well as technology in general, have not changed much in the long before/after major pumps. (Open to discussion).

*Is annual ETC Summit in Seoul, Korea.

*Coinbase has a strong focus on institutional-related services, include Coinbase Institutional and Coinbase Custody.


📌 More updates


  • Huobi launches Telegram channel for Russian speaking audience: click here.
  • Don't miss it - Bittrex enables TRON (TRX) and Litecoin (LTC) trading against US dollar.
  • OKCoin exchange is now available for users from 20 US states.
  • IOTA releases Qubic Roadmap, saying «there are no hard dates yet».

💰Market Cap: $201 848 378 928
💵24h Vol: $13 746 161 064


📊 Prices TOP 13.09.2018


↗️↘️Bitcoin: $6 521,62
↗️↘️ETH: $208,50
↗️↘️XRP: $0,284117
↗️↘️BCH: $459,87
↗️↘️EOS: $5,50
↗️↘️XLM: $0,209565
↗️↘️LTC: $55,02
↗️↘️USDT: $0,99
↗️↘️MONERO: $113,68
↗️↘️ADA: $0,070727


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