Former NASDAQ Subsidiary Exec Joins Crypto Exchange Gemini’s Client Service Team

Former COO of major U.S. stock exchange NASDAQ subsidiary Jeanine Hightower-Sellitto has joined crypto exchange Gemini, the company revealed in a Medium post on Wednesday, Oct. 10. The U.S.-based Gemini, launched by the Winklevoss twins back in 2015, has hired Hightower-Sellitto as a managing director of operations to lead its client services team. As per …

‘Hundreds’ of Blockchain Benefits Will Hit Commodity Supply Chains

Former JPMorgan executive Blythe Masters predicts “tens if not hundreds” of blockchain projects will soon increase the efficiency of commodity markets, Bloomberg reports Tuesday, Oct. 9. Masters, who since leaving the investment banking giant has become CEO of her own software outfit Digital Asset Holdings, said commodity supply chains would greatly benefit from the advent …

Swiss Asset Management Firm Tiberius Group AG Delays Launch of Metals-Backed Token

Switzerland-based commodities assets manager Tiberius Group AG has delayed the sale of its metals-backed cryptocurrency, Tiberius Coin, due to high fees from credit card companies, Bloomberg reported Oct. 9. The company announced its intention to issue a digital currency tied to the price of metals — copper, aluminum, nickel, cobalt, tin, gold and platinum — …

Oldest UK Crypto Exchange Coinfloor Laying Off Staff

British cryptocurrency exchange Coinfloor is laying off the majority of its staff, news outlet Financial News reported Oct. 8.     Coinfloor is a London-based digital currency trading platform founded in 2013. Coinfloor is reportedly the oldest crypto exchange in the U.K. and is focused on institutional and sophisticated investors. According to CoinMarketCap, Coinfloor’s daily trading …

Ukrainian Ministry of Finance Creates Working Group to Develop Crypto Taxation

The Ukrainian Ministry of Finance is creating a working group to discuss and develop a legal framework for crypto taxation, according to an Oct. 8 announcement on the ministry’s official website. The group will start its work beginning Oct.16 to identify crypto-related tax regulation options within the existing legal framework. The group of experts will …

Bitcoin, Altcoin Prices Shun Volatility Amid Multi-Year Trade Volume Lows

Bitcoin (BTC) remained stable Sunday, October 7, capping a week of sideways trading as overall exchange volumes reached their lowest level for thirteen months. Market visualization by Coin360 Data from Cointelegraph’s price tracker and Coin360 show BTC/USD hardly moving compared with the same time last week, with daily and weekly movements concluding at around 0.03 …

Venezuela Mandates Passport Fees Must Be Paid in Controversial Cryptocurrency Petro

Venezuelans can only use the state-backed cryptocurrency, the Petro, to pay for passport fees starting next week, the country’s vice president Delcy Rodriguez said in a press conference Friday, Oct. 5. Ahead of Petro’s official “launch” in November, Rodriguez confirmed that as of Monday, Oct. 8, fees for all passport applications will only be payable …

Government Tracking of Crypto Is Growing, But There Are Ways to Avoid It

Much noise has been made about the untraceable qualities of Bitcoin and other cryptocurrencies. Bitcoin “can be used to buy merchandise anonymously” said early primers on crypto, it offers users the kind of financial privacy that was previously available only from a “Swiss bank account,” say more recent commentators. And given its ability to provide …