Category: Markets

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Markets Tech

Chrome Beta 70.0.3538.57 Gives you an Early Peak at the Next Chrome Release

The browser development nowadays happens at an incredible speed which means that you are never left waiting more than a couple of months from the next major upgrade is released. However, if when these updates happen so often, there are still people who are truly anxious and can’t wait anymore. For those people exists Chrome Beta 70.0.3538.57 which will give you a glance into the future.

Waiting that long might feel like forever for you and if you would like to sacrifice some security or stability in order to get an early look at what the new features bring to the table, then you will find that this beta version of Google Chrome is quite satisfactory. However, you have to remember that this is a beta version, so it is not stable enough yet to be considered a release worthy for the masses.

Rest assured though, you are not going to completely uncharted territory because it has at least undergone some form of testing by the even more adventurous Chrome users who installed the cutting edge alpha version (or build, Dev). This means that your life will be easier as opposed to theirs, with less glitches and crashes.

Another thing worth noting is that when you install this beta version, it will overwrite your current stable version from your phone since you can’t possibly run it side by side. The upside is that you will get automatic updates with the latest beta version, meaning that, as time passes, the browser will become more stable.

Of course, if you get sick or tired (or both) and you want to get back to the stable version, then you can always do that. You just have to uninstall the beta and reinstall the official version last released.

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Crypto Markets News

Citigroup Works on a Cryptocurrency Custody Solution for Institutional Investors

The US banking group Citigroup is developing a cryptocurrency custody investment solution based on a financial product aimed at institutional investors, which will allow them to enter the crypto market at low risks, according to an unidentified source, cited by the Business Insider.

The information, published on September 9th, indicates that the new product could be a “direct way to invest in cryptocurrencies without owning them,” the sources said.

The new instrument would be called the Digital Asset Receipt (DAR), a system inspired by the American Depositary Receipt (ADR), securities that have been traded on the US stock exchange since 1920. It is a system that allows investors to access shares of foreign companies, which are not traded on US markets.

According to the information, Citigroup, one of the largest issuers of ADRs in the world, would offer large Wall Street investors a structure for trading cryptocurrencies within existing regulations, with fewer risks and a system with which they are familiar.

Citigroup plans to launch a new cryptocurrency custody investment solution

The procedure developed by the Citigroup implies that the cryptocurrencies are in possession of a custodian. Citigroup issues the DAR and informs “Depository Trust & Clearing Corp,” a Wall Street intermediary offering clearing and settlement services, about the issuance of the receipt.

“That gives it an important layer of legitimacy and gives investors a way to track the investment,” the sources said.

Citigroup is not the first regulated financial institution to try to find mechanisms to attract investors interested in cryptocurrencies. At the beginning of August, Goldman Sachs disclosed their intentions to offer custody services for cryptocurrencies funds. However, about a week ago the US financial institution reported that it would postpone these plans, due to the lack of clarity that still exists in the regulatory framework for cryptos.

As regarding the Citigroup cryptocurrency custody solution, the US SEC’s reaction remains to be seen, as well as how the big Wall Street investors will react to this proposal.

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Crypto Markets News

Goldman Sachs Postpones Its Plans On Launching Its Cryptocurrency Exchange Platform, Blaming the Unclear Regulatory Framework

The New York banking and investment group Goldman Sachs put aside its plans to trade cryptocurrencies, alleging that the regulatory framework for cryptos remains unclear, according to a press report released recently. However, Goldman Sachs, which would be preparing a cryptocurrency exchange platform, would have placed the project on its low priority list.

Goldman Sachs postpones its plans on launching a cryptocurrency exchange platform

According to Business Insider, Goldman Sachs would still be interested in participating in the cryptocurrencies market but, for now, its focus would be on other projects, such as designing a cryptocurrency custody service.

“In response to customers’ interest in various digital products, we are exploring the best way to serve them in this space. At this time, we have not concluded the goal of our offer,” an unidentified Goldman Sachs spokesman said.

This news confirms, to some extent, that Goldman Sachs’ customers have interest in cryptocurrencies, but the financial institution would offer such services only as an alternative that complies with the established regulatory framework surrounding cryptos.

Goldman Sachs is exploring the benefits of its emergence in the cryptocurrencies market since January

In January of this year, the bank denied press reports claiming that they were working to open a cryptocurrency exchange platform.

At that time it was Lloyd Blankfein, CEO of Goldman Sachs, who stated that “the company would have more openness to this type of investments whenever our clients request them.”

Last April it was also reported that Goldman Sachs hired an expert in crypto trading, Justin Schmidt, to explore the benefits of a Goldman Sachs crypto trading platform, which the financial institution is now postponing on the grounds of lack of cryptocurrency regulations clarity.

Is evident that Goldman Sachs is taking steps to get into the cryptocurrency universe, but, according to the latest information in this direction, the New York-based financial institution postponed its plans on releasing its own cryptocurrency exchange platform.

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Crypto Markets

Lisk (LSK) Continues The Migration That Began After The Launch Of Lisk Core 1.0

After the release of Lisk Core 1.0 on its core network, Lisk (LSK) continues the migration that began this Wednesday with the integration between the core software and the application design tools and side strings that had been released over the past few weeks. In this set of updates, there also is the newest version of Lisk Explorer 2.1.4 and the latest version of the Lisk Nano Wallet 2.0.0.

Lisk Core 1.0 is the product of two and a half years of evolution through 41 successive releases, which included thousands of community reviews, the Lisk team says in its blog. The launch of the components was done before the Core 1.0 software, with the aim of ensuring compatibility with the redesigned API.

Among the new features of this code repository that separates functionalities in different areas, is a new API client, compatible with the new public API available in Lisk Core 1.0. The security of the message signing process was also enhanced with the addition of a specific header for the Lisk protocol. For advanced users of the Lisk network, familiar with the direct execution of commands in JavaScript, the command line interface was renewed. This direct interaction tool with Lisk Core is now called Line Commander 1.0.

Lisk Core 1.0 brings new features for other Lisk (LSK) network’s products, as well

The new Lisk Hub is the tool that manages identity in Lisk, accesses Lisk (LSK) tokens and sends them. The Lisk team worked on both version 1.0 and the new version 1.1 of Lisk Hub to make them compatible with the latest versions of the API and new Lisk Elements. For end users, the migration will be done transparently through an automatic updater.

Regarding the Lisk Explorer 2.1.4, apart from support for Lisk Core 1.0, the Lisk team points out that there are upcoming announcements about new features and capabilities of this software.

Lisk Core 1.0 was activated this Wednesday in its main network along with new versions of the rest of the components, which makes a better offer to developers, as it includes new features such as the ICO Suite, the handling of side chains in the platform, and the ability to create and customize tokens.

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Crypto Markets News

Morgan Creek Capital Management Partnered With Bitwise For A Cryptocurrency Fund For Institutional Investors

The investment advisory firm, Morgan Creek Capital Management, announced the launch of a cryptocurrency fund, in partnership with Bitwise Asset Management, that would include ten crypto coins, including Bitcoin (BTC) and Ethereum (ETH).

This information was disseminated through a press release published on August 28th on the official Bitwise website. The new fund is named the Morgan Creek Digital Asset Index Fund and is designed to provide access to crypto investments to institutional investors.

The new fund will be managed by Bitwise Asset Management, a company founded in 2017 that already has experience in working with cryptocurrencies. It will include in its offer ten cryptos, namely, Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Dash (DASH), Litecoin (LTC), Monero (XMR), EOS (EOS), ZCash (ZEC), and OmiseGo (OMG).

The new Morgan Creek Digital Asset Index Fund dedicated to institutional investors would focus on transparency

Hunter Horsley, the co-founder of Bitwise, explained that the two main considerations that justified the committee’s decision to limit pre-mined crypto are its concerns regarding possible fraud and cryptocurrency regulations. He also added that the new Digital Asset Index Fund is dedicated to businesses and will welcome “accredited institutional investors and approved investors.”

The firm also ensured that the equity value of the ten cryptocurrencies accepted will be transparent and that investors will access the digital portfolio at any time through the organization’s portal where they can also research the team that manages the fund. Also, the cryptocurrency fund will be supervised by Bitwise’s auditor company, which will work together with an advisory committee made up of experts from the partner companies. The results will be published annually starting at the beginning of 2019.

Last July, Bitwise Asset Management also applied with the US Securities and Exchange Commission (SEC) to register the Hold 10 Index, an ETF where it plans to list ten cryptocurrencies.

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