BITCOIN ONLY: Coinfloor, the U.K.’s longest-running cryptocurrency exchange, plans to delist ethereum next month, citing an unclear future of hard forks and the need for onerous technical support. The company will also delist bitcoin cash. Starting Jan. 3, Coinfloor will support only bitcoin, whose eleventh anniversary happens to fall on that day. Full story
OLD MEETS NEW: One of America's oldest banks is testing out the latest technology in a bid to appeal to clients. State Street Corp. announced Tuesday that it's partnering with cryptocurrency exchange and custodian Gemini Trust on a new pilot aimed to allow investors to consolidate the reporting of digital assets stored at Gemini with traditional assets serviced by State Street. Full story
BRANCHING OUT: Fidelity Investments, one of the world's largest asset managers, is setting up a new entity to serve European institutional investors in digital assets. The firm said Tuesday that the new business will be provided through Fidelity Digital Asset Services (FDAS), its New York state-chartered limited liability trust company. Full story
CHINA-BACKED INCUBATOR: Senior Shanghai government officials have agreed to help blockchain startup Conflux open a research institute and incubation center with millions of dollars-worth of funding, the firm's co-founder said. Full story
COIN FLOOD? As bitcoin prices fell Monday, some cited fear emanating from a report about the alleged PlusToken Ponzi scheme as the reason for the plunge. Chainalysis’ report, published earlier in the day, said that 20,000 BTC (worth around $137 million) likely remain controlled by PlusToken “scammers.” A trader said there were concerns about the ill-gotten crypto flooding the market. Full story |
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| GOING DOWN: Bitcoin has hit three-week lows below $6,800, bolstering the short-term bearish setup. The cryptocurrency looks set to test November lows near $6,500. On the higher side, $7,870 remains the level to beat for the bulls. Full story |
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