CONSEN-SPLITS: ConsenSys, the ethereum development firm with over 30 hubs around the globe, has shut down operations in India and the Philippines. The layoffs have affected about a dozen people and may put some projects in question. Last year, Consensys cut approximately 13 percent of its staff. Full story
XRP BASE: Ripple has condensed its broad Xpring developer platform into a single hub, to allow crypto and non-crypto developers to integrate XRP payments into any mobile application. Xpring.io also offers developers a wallet, new tools, technical documentation and customer service. Full story
FRENCH FUND: French asset management firm Napoleon AM has launched a new fund tied to CME’s cash-settled bitcoin futures. The Napoleon Bitcoin Fund began trading on Dec. 6 with a minimum €100,000 buy-in for professional investors residing in France. Full story
SIMPLER BITLICENSE: The New York Department of Financial Services (NYDFS) has proposed guidance to allow blanket approvals for new cryptocurrencies listed under its controversial BitLicense. Currently, the NYDFS works on a case-by-case basis on every crypto, with individual exchanges holding the license. Full story
ASX BACKING: Digital Asset (DA) has raised $35 million in Series C funding, signaling a comeback for the enterprise blockchain startup a year after the sudden departure of CEO Blythe Masters. The round was led by Jefferson River Capital, the family office of former Blackstone president Tony James, and the Australian Securities Exchange (ASX), which is working on a partial conversion to blockchain settlement using DA’s technology. Full story |
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| FLOOR COMING? Bitcoin's slow descent continues with both daily and weekly chart flashing bearish conditions. Even so, sellers should exercise caution, as the cryptocurrency is closing on the historically strong price support of the 21-month exponential average, currently at $7,097. Repeated bear failure there could invite technical buying. That said, a bullish reversal still needs a convincing move above $7,870. Full story |
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