TD Ameritrade, NASDAQ Reportedly Offer BTC and LTC Paper Trades

Online investment service TD Ameritrade might be giving its users simulated exposure to bitcoin and litecoin through a new, but not-yet-live, offering on NASDAQ. According to reports on social media, the brokerage platform is offering paper trades for bitcoin and litecoin through NASDAQ. Paper trading is a simulated form of trading that lets users exchange an asset without actually buying or selling it for real money (think of it like a testnet of sorts). In a tweet labeled “BREAKING,” the quantitative analyst “Cryptopolis” first sounded the horn on April 22,…

Coinbase Closes Chicago Office and Scales Down Work on Matching Engine

Major United States-based cryptocurrency exchange Coinbase shut down its Chicago office and scaled down the development of its matching engine, Fortune reports on April 23. Per the report, the exchange will consolidate the high-frequency trading matching engine efforts into its San Francisco office. Coinbase also purportedly laid off about 30 employees and will relocate some to the area of the other office, while others will work remotely. According to local news site Chicago Inno, when the company announced the opening of the Chicago office in May last year, it planned…

Blockchain Solutions Spending in Asia/Pacific, Bar Japan, to Hit $2.4 Bln by 2022

Blockchain solutions spending in Asia/Pacific excluding Japan (APEJ) is forecast to hit $2.4 billion by 2022, according to an April 23 report from United States-based market research firm International Data Corporation (IDC). IDC’s Worldwide Semiannual Blockchain Spending Guide provides an analysis of spending data from the emerging blockchain sector from a regional, vertical industry, use case, buyer and technology perspective. The report forecasts a sharp uptick in blockchain solutions spending in the region this year — predicting APEJ spending will hit almost $523.8 million in 2019, up 83.9% from $284.8…

Japanese Regulator Conducts Flash Inspection of Huobi Japan, Fisco Exchanges

Japan’s financial regulator has reportedly investigated two domestic cryptocurrency exchanges to check consumer protection and legal compliance, Cointelegraph Japan reported on April 23. According to anonymous source originally speaking to Reuters, the investigation by the Financial Services Agency (FSA) on April 17 involved trading platforms Fisco and Huobi Japan, the local off-shoot of Chinese exchange Huobi. Fisco Digital Asset Group (FDAG) has been working with Tech Bureau Inc., the operator of the previously hacked Zaif exchange, to officially transfer the business to the former group. Both the Fisco and Huobi…

21-Year-Old Jailed for 10 Years After Stealing $7.5M in Crypto By Hacking Cell Phones

A 21-year-old man has been sentenced to 10 years in prison after becoming one of the first people in the United States to be convicted of stealing cryptocurrency by hacking into cell phones. Prosecutors in Santa Clara announced the jail sentence on April 22. In February, Joel Ortiz had pleaded guilty and to theft and accepted the 10-year plea deal. Ortiz stole more than $7.5 million from at least 40 victims: the press release notes that he then spent $10,000 a time at Los Angeles nightclubs, hired a helicopter to fly…

Mobile Decentralized Exchange Says It Prevents Hacking, Cuts Fees and Offers Fixed Rates

A crypto company is launching “one of the first inter-blockchain, mobile decentralized exchanges” on April 23 — and says its platform is going to solve major problems currently seen in its centralized counterparts. According to the SovereignWallet Network, M.DEX is designed to address three key issues that have been having a detrimental effect on the usability and security of crypto transactions, for experienced consumers as well as newcomers. The first concerns the high risk of hacking associated with centralized exchanges. SovereignWallet says many of these rivals regularly perform virtual trading on…

BitGo Completes Further SOC 2 Compliance Certification Year After Deloitte Award

Blockchain security firm BitGo has gained a further security certification from an external auditor after a review of its compliance, cryptocurrency industry news resource The Block reported on April 23. BitGo, which last year gained a service organization control (SOC) 2 Type 1 certification from Deloitte, has now upped its procedures to conform to the Type 2 requirements of the same standard. SOC 2 is a universal reporting framework, and Type 2 is known as “Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality or Privacy.” This…

Binance DEX Launches on Native Mainnet Earlier Than Planned, Invites Community Input

Binance, the world’s largest crypto exchange by adjusted volume, has launched its decentralized trading platform (DEX) earlier than planned, according to a press release shared with Cointelegraph on April 23. The move comes just a week after the exchange launched its native blockchain, Binance Chain, which will power the new decentralized platform. While Binance DEX trading is set to go live at an unspecified later date, users can as of today create wallets on the platform — either Binance’s official Trust Wallet or other third-party wallets. They can also access…

White Paper Writers Can Earn $50K, But Say Startups Often Mislead Investors

White paper writers are earning up to $50,000 per job, according to a Decrypt investigation published on April 22— but the freelancers involved have accused some startups of misleading investors. The writers told the website as part of its two-week investigation that completing a paper can take up to eight months and cost between $1,000 and $50,000, with most of the work found via platforms such as LinkedIn and Upwork. Many of those interviewed alleged they were “constantly required to fabricate and exaggerate facts.” Adefemi Yusuff Adegoke, one white paper writer, noted that…

Bitcoin Almost Touches $5,600, Forming Its First Bullish Golden Cross Since October 2015

Tuesday, April 23 — crypto markets rallied today, with bitcoin (BTC) hitting its new 2019 high of over $5,500. Most of the top 20 cryptocurrencies by market cap are solidly in green at press time, with tezos (XTZ) having jumped more than 12% over the past 24 hours. On the other hand, binance coin (BNB) and bitcoin SV (BSV) tumbled around 2.7% and 1.2%, respectively. Market visualization from Coin360 Bitcoin continued to gain momentum and has surged to as high as $5,590 today, according to CoinMarketCap. At press time, the…