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According to Bloomberg, American brokerage EF Hutton, together with its parent company HUTN, is going to release cryptocurrency instruments with a special focus on practical applications.
Crypto asset custody solution provider BitGo has received a license giving it the status of a qualified custodial bank for storing cryptocurrency. It took the company a year to obtain official permission, and for another 30 days from the date of receipt of permission, BitGoTrust will not be able to begin storing digital assets.
Belarus wants to cooperate with South Korea to develop blockchain startups and DLT technology It will open the door for international investors from South Korea to raise funds for the development of blockchain technology, artificial intelligence and other innovative technologies.
Lightyear is about to merge with blockchain startup Chain. According to a Stellar blog post, Lightyear is a not-for-profit company that was created to enable innovative financial institutions to easily join the Stellar ecosystem.
First Block Capital recently announced that the FBC Bitcoin Trust, available to accredited investors, has achieved mutual trust status as it is now also available on the NEO Connect platform.
China's largest mining company Bitmain Technologies is seeking to raise $1 billion in a private pre-IPO funding round, according to a Financial Times report on Wednesday.
Both TRON and NEO wanted to acquire the peer-to-peer file sharing program BitTorrent, with NEO even offering 50 million more.
On August 20, 2018, Adam White, Vice President and General Manager of Coinbase, outlined five core principles that will guide institutional businesses in the cryptocurrency space.
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