THE BIGGEST WAVES HITTING THE CRYPTO SHORE
Senate calls project Libra delusional
Goldman Sachs site confirms the rumors of the banking giant’s move into the virtual currency space
Bitcoin is still king, ranked as top preforming crypto asset for Q2/2019
Fake volumes are still a major concern and are not being prevented by many trading venues
SOME ALGOZ UPDATES
ALGOZ ANNOUNCES PARTNERSHIP WITH THE CARDANO FOUNDATION
Algoz announced its partnership with the Cardano Foundation, one of the most inspiring projects in the crypto space. Cardano has elected Algoz to provide market making and liquidity services to their ADA token.
PROVIDING STABILITY IN THE CRYPTO WILD WEST
“The price can go up, the price can go down, but the way it is structured, the volumes, the places that it is traded, it seems that more mature money is going in.”
Algoz Co-Founder and CEO, Tal Teperberg and Nir Dovrat, joined a panel at Finance Magnate’s Barcelona Trading Conference discussing “Stability in the Crypto Wild West”.
MEETING INDUSTRY LEADERS
Check out the Algoz event calendar below!
ALPHAPOINT PARTNERS WITH ALGOZ FOR LIQUIDITY PROVISION
Algoz is now an official partner of AlphaPoint - driving liquidity to the AlphaPoint network.
30 DAYS IN 1
BIGGEST TRADING NEWS & MORE
Facebook Hearing with the Senate. On July 16, a U.S. Senate hearing was held with Libra representative, David Marcus. Concerns regarding Facebook’s recent crypto-venture, Libra, were brought up in light of previous repeated violations of user privacy and lack of oversight by Facebook Inc. The committee discussed the uncertainty associated with the still developing crypto-sphere, referring to it as the “wild, wild west.” Despite the skeptic approach towards Libra, the educated questions and informed comments from the Committee points toward “a sort of maturity about how lawmakers are approaching the space now.” Following several hearings from regulators, Facebook's latest quarterly report reveals a high possibility that its crypto venture, Libra and Calibra, may never launch.
Goldman Sachs Moving into the Digital Asset Space. “Digital Asset Project Manager” job listing on the Goldman Sachs site confirms the rumors of the banking giant’s move into the virtual currency space. CEO, David Solomon, stated, “all major financial institutions are looking closely at the potential of tokenization, stablecoins, and friction-less payments.”
A Rare Glimpse into Market Manipulation. Fake volumes are still a major concern for the industry as evidenced from this article, which provides a rare glimpse into trading manipulation that occurs in crypto markets.
Crypto reigned supreme during Q2/2019.
Binance Introduces Margin Trading. Binance announced the inauguration of Binance 2.0., the new trading platform, which will support margin trading, “allowing account holders to use their existing balances as collateral to open both long and short positions on crypto assets.” This announcement comes along with an additional announcement from the crypto giant about the issuance of a British pound-backed stable coin.
HFT Trading Reaching the Crypto Trading Sphere. With Gemini, Huobi, and ErisX now offering collocation, high-frequency trading is becoming more accepted in the crypto-sphere, further attracting institutional investors.
Sentiment Analysis Being Used for Crypto Market Predictions. Despite its complex nature, hedge funds and asset managers have found a new competitive edge: a combination of sentiment analysis and social media algorithms to forecast cryptocurrency market movements.
12 Year Old Boy's Project Confirmed by the SEC. 12 year old’s crypto gaming company, Pocketful of Quarters, has been cleared by the SEC and will now be issued on the ERC20.
UPCOMING BLOCKCHAIN & CRYPTO EVENTS
CoinDesk's Invest: Asia | Singapore | September 11 - 12, 2019
Tel Aviv Blockchain Week | Israel | September 9 - 16, 2019
Ethereal Summit | Israel | September 15, 2019
Vegas Blockchain Week | Las Vegas | October 29 - 31, 2019
Web Summit 2019 | Portugal | November 4 - 7, 2019
Malta AI & Blockchain Summit | Malta | November 4 - 8, 2019
CoinDesk’s Consensus: Invest | New York | November 12, 2019
Blockshow Asia | Singapore | November 14 - 1, 2019