The British company focusing on blockchain technology, Electron received investments from Tokyo Electric Power Company Holdings (TEPCO). The Chief Executive of Electron, Paul Ellis said to the Reuters, “There is a huge need to create a robust shared infrastructure that can identify and record the properties of these assets which can be underpinned by appropriate blockchain technologies.”
The price of Ripple had risen by more than 20% in the last 24 hours. The XRPs had bounced forward with bitcoin and Ethereum. The current market capitalization stood at $64 million which had risen from $52 billion. It was also observed that there was only 5.35% rise in Bitcoin while Ethereum was noted with 6.96% rise.
The Blockchain.info had enabled the feature for its users to buy and sell bitcoin in 22 states. The company revealed that it is intended to add services for US-based clients enabling Ether and Bitcoin Cash exchanges. The CEO of the company, Peter Smith, addressed the media that they just do not aspire to attain short-term gains. He added, “It’s time to make sure we nail the experience.”
The Siacoin had attained its place among the top 25 cryptocurrencies. The price capitalization had hit $0.093. Though the market capitalization of stood at $272 billion over the unfriendly cryptocurrency news in Korea, Siacoin managed to hit all-time high recovering from the bear market.
The Morgan Stanley also joins Goldman Sachs and TD Ameritrade in clearing the bitcoin futures such as CME and Cboe. The Chief Financial Officer of the Morgan Stanley, Jonathan Pruzan said, “I wouldn’t say it’s been a lot of activity, but it’s for core institutional clients who want to participate in a derivatives transaction.”
The U.S. Securities and Exchange Commission (SEC) had asked about the futures of bitcoin exchange-traded funds (ETFs). It emphasized the need for examining the cryptocurrencies since there are substantial investor protection issues. The SEC ordered that the issue need to be addressed before sponsors channelize these funds to the retail investors.
Draper Esprit, a venture capital investment company based in London had announced about his $24 million investment in Ledger which is a cryptocurrency and blockchain security company. Simon Cook, the chief executive of the company said, “Security will be paramount to its success and we believe that Ledger has built the world’s best security platform to manage private keys for all blockchain and crypto asset applications.”
The Ledger, a cryptocurrency and blockchain security company had raised $75 million under Series B round. It is aimed to equip the standards of the company by scaling its operations with increasing demand for the product. The company had sold more than a million cryptocurrency hardware wallets across 165 countries. With an aim to aid in managing crypto assets, Ledger Vault is to be established.
The Arizona State University (ASU) had partnered with the Dash, a leading cryptocurrency with the market capitalization at $6.5 billion. The Dash is said to finance $350,000 for the research and development with respect to blockchain technology. The CEO of Dash Core stated, “ASU will benefit from gaining access to one of the most innovative teams in the digital currency industry.”
The maiden Exchange Traded Funds (ETFs) were launched on Nasdaq and New York Stock Exchange Arca, by the Reality Shares Advisors and Amplify Trust ETF. These blockchain-based ETFs were made available for trading from 9.30AM EST, at the rate of $24.20 in Reality Share’s Nasdaq NextGen Economy ETF and at $20 in Amplify’s Transformational Data Sharing ETF.