THELOGICALINDIAN - In todays copy of Bitcoin in Brief we awning a abstruse affair at Nasdaq a takeover bid for cryptoascollateral accommodation belvedere SALT Vitalik Buterins thoughts on the accent of enabling baby retail affairs and why Chinese investors appear to Israel to acquisition blockchain startups
Also Read: Largest Cannabis Market in Israel to Accept Bitcoin Payments
Exchanges Meet With Nasdaq in Secret
About six companies, including both Bitcoin exchanges and bequest venues, accept taken allotment in a “closed-door meeting” with Nasdaq aftermost anniversary in Chicago. The credible purpose of the affair was the banal bazaar giant’s ambition to advice legitimize cryptocurrency investments in the eyes of US regulators and big banks by abbreviation users’ anonymity and privacy. The capital topic, according to “a being accustomed with the event” cited by Bloomberg, was to “encourage the industry to do things that will advance its angel and validate its abeyant role in all-around markets.” They talked about the implications of new adjustment for cryptocurrencies, what are the bare accoutrement for that and “what surveillance will be needed.” And there will be the added such affairs as allotment of “an advancing chat amid the participants,” the antecedent added.
Nasdaq has reportedly accepted the affair took abode but did not appear who took allotment in it. The aggregation is clearly bartering technology to bristles crypto exchanges, two of which are accepted to be SBI Virtual Currencies and Gemini, which assassin Nasdaq to conduct surveillance on its trading. It additionally helps amount Cboe Global Markets Inc.’s Bitcoin futures.
SALT Takeover Offer
Secured Automated Lending Technology (SALT), a membership-based crypto-as-collateral accommodation belvedere which in February suspended registrations, requests, and purchases, has afresh apparent its CEO abrogation unexpectedly. This has sparked speculations and rumors about the activity of the platform, and alike triggered accusations of the above CEO affairs an avenue scam. Competitors accept been quick to ambush on the matter, arising statements meant to argue investors to about-face over. The best absorbing move came from Nexo, who affably offered to booty over assertive assets of SALT in an unsolicited accretion bid.
“Nexo is anxious with the latest developments at SALT due to their potentially adverse access on the affect of investors and borrowers in the crypto‐backed lending industry, as able-bodied as the blockchain association in general,” Nexo wrote in a letter of absorbed to SALT Lending. “In adjustment to abate the consequences, Nexo, its ally and affiliates could readily access actual condoning assets of SALT and accommodate clamminess to its community.”
Vitalik Wants More Bitcoin Cards
The affair of application cryptocurrencies for real-world payments rather than aloof new Wall Street advance options has been diving the association for a continued while now. The latest to animadversion on the accountable is Ethereum architect Vitalik Buterin, who seems to ancillary with the pro-payments affected in the argument. The affecting influencer twitted on Sunday: “I anticipate there’s too abundant accent on BTC/ETH/whatever ETFs, and not abundant accent on authoritative it easier for bodies to buy $5 to $100 in cryptocurrency via cards at bend stores. The above is bigger for pumping price, but the closing is abundant bigger for absolute adoption.”
Chinese to Invest in Israeli Crypto Startups
Block72, which operates out of Shangahi, Beijing, Seoul and New York, has partnered with the Asia Israel Blockchain Association (AIBA). The affiliation aims to bear Israeli projects and advice Chinese companies with their accord sourcing, amplification and all-around presence. Its declared ambition for 2018 is to abutment at atomic bristles Israeli projects to tap into the Chinese bazaar and to accompany several Chinese companies and investors to Israel. A appointment to Israel will booty abode on the aboriginal anniversary of August.
Yaxi Zhuo, Founder and CEO of Block72, commented: “Israel is a assertive for new technology, it has been a continued time that our portfolio projects asked us to tap into the opportunities in Israel, one of the best active Blockchain markets in the world. We waited for the appropriate time and the appropriate accomplice to accomplish the move. We already accept offices in China, US, and Korea, and now I’m actual admiring to accept AIBA as our bounded partner, acknowledging us to added arch Asia and Israel.”
For a start, the affiliation is absorption on Coin XP, a blockchain basement for crypto exchanges; Nuts, a crypto asset bazaar agreement for hosting crypto assets; Teex, a clandestine acute arrangement on accessible blockchain; and Vpon, a big abstracts ad technology company.
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