ItBit and TradeBlock: Blockchains and Big Data
The Bitcoin exchange itBit mentioned in its October market report that it would partner with the leading blockchain data provider TradeBlock. This organization analyzes the blockchain and enables entities to view its API, which broadcasts a wide array of analytical blockchain data and charts. ItBit will bring in more partnerships this year with some of....
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Online cryptocurrency data and research provider TradeBlock has raised $2.8m in funding as part of a new investment round led by Andreessen Horowitz that also included SecondMarket CEO Barry Silbert, Devonshire Investors and FinTech Collective. For Andreessen Horowitz, the venture capital firm led by early internet pioneer Marc Andreessen, the move represents its latest major backing in the bitcoin ecosystem. The investment follows the firm's December investment in US-based bitcoin financial services provider Coinbase's $25m Series B round. TradeBlock, rebranded from The Genesis Block,....
Digital currency data provider TradeBlock has received a significant funding from notable investors, reports the Wall Street Journal. The website, formed by two brothers, Greg and Jeff Schvey, stems from a previous project they worked on called Genesis Block. The investment is reported to have amounted to a whopping $2.8 million, lead by Andreessen Horowitz, and included other investors like SecondMarket and Bitcoin Investment Trust CEO Barry Silbert. Devonshire Investors (which, according to CrunchBase is the private investment arm of Fidelity Investments) and FinTech Collective also....
On May 23rd, TradeBlock announced that it is servicing an interesting trading company called Cumberland Mining. TradeBlock says it will be enabling an “order management system and execution tool set” for the enterprise. Cumberland Mining is associated with the principal trading group DRW Holdings LLC. Not much is known about this company, but it is said that it most likely scored 27,000 bitcoins in the US Marshals Service (USMS) bitcoin auction in March 2015. TradeBlock Collaborates with Cumberland Mining. Cumberland Mining has been a bit of a mystery until now. Tradeblock says Cumberland....
ItBit becomes the first US regulated exchange, but the EU might be about to harmonize digital currency law for 500 million people. On Thursday, May 7, Ben Lawsky tweeted out the now signed charter for ItBit, confirming its status as a registered trust business. This move allows ItBit to operate an online currency exchange between USD or other fiat currencies, and something like Bitcoin. Addressing the move in a press release on Thursday, Lawsky explained how he saw the chartering of ItBit as an important step in legitimizing and harnessing the potential of digital currencies for investors....
Singapore and New York based bitcoin exchange itBit has introduced its itBit Global OTC Agency Trading Desk, a service that specializes in facilitating over-the-counter (OTC) transactions. OTC transactions are bulk trades for bitcoin that are made outside of an exchange's regular order book. It is an often used form of trading when large amounts of bitcoin are involved, in order to prevent bitcoin's exchange rate from either slipping or rising due to one large volume buy or sell. Bobby Cho, Director of Trading at itBit, said: “Up until now, the OTC bitcoin trading market has been operating....