SaluS SLS

$9.21
Market Cap $ 9.319 MM (#230)
24h Volume $ 4.911 K
Chg. 24h: -3.15%
Algo. score 1.6/5  (#1629)
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SaluS News

CNBC’s Ryan NeuNer Hints at Coinbase IPO, Rumors Ensue

CoinSpeaker CNBC’s Ryan NeuNer Hints at Coinbase IPO, Rumors Ensue Coinbase, the leading crypto exchange in the United States, is likely to come with something new again. Ran Neuner, the most popular figure in the space of crypto-related news and the host of the show ‘CryptoTrader’ on CNBC, has claimed that the exchange is going to launch an Initial Public Offering (IPO). CNBC Cryptotrader exposes details of the Coinbase IPO raise tomorrow on a Cryptotrader exclusive. pic.twitter.com/YG4UOP3ju8 — Ran NeuNer (@cryptomanran) October 25, 2018 The original source of the news is unknown, but the announcement is great, as Coinbase is the biggest and the most popular name when it comes to the world of cryptocurrencies. The company is believed to be worth about $8 billion USD. According to the statistics revealed by Neuner, Coinbase now has 25 Million registered members, with 600,000 people trading every day on their platform. The California-based crypto exchange had $90 million in revenue last quarter, with expectations to earn $450 million in the last quarter of 2018. 80% of Coinbase’s revenue comes from the consumer services, 15% comes via Coinbase’s rapidly expanding institutional arm, and the remaining 5% iss sourced from additional services. Coinbase has gained a reputation of a trustworthy exchange. The exchange has reached some important milestones, that’s why IPO is possible and even necessary now. Neuner promised to reveal further details of the Coinbase’s IPO. However, some investors are quite sceptical of Neuner’s claim, among them is Larry Cermak, the president of Branick Consulting, Inc. The fact that this tweet only got 35 retweets is a testament of people finally waking up to @cryptomanran being a fraud. If he had any credibility whatsoever, leaking Coinbase's financials and intention to IPO would go viral. Giving bad financial advice eventually catches up bro https://t.co/QHuyQpk9fu — Larry Cermak (@lawmaster) October 25, 2018 Coinbase has not commented on IPO yet, but previous statements made by Coinbase President Asiff Hirji give some hints on possible taking the company public. In late 2017, he said: “It is certainly in the interest of our investors...and the most obvious path of Coinbase is to go public at some point, but there’s a lot for us to do between now and then, whenever that date is.” If the information is true, Coinbase’s IPO will be launched in the US. The IPO would have a significant impact on the cryptocurrency markets. Bringing a lot of mainstream attention to the exchange, the launch of IPO would also help the firm raise large amounts of funds for future projects. Steps Towards Creating an Open Financial System for the World Coinbase is on the news all the time. The exchange makes a lot of efforts to achieve its goal of creating an open financial system for the world. And for the time being, these efforts are successful. This autumn, the company opened some new offices, implemented some changes to its listing policy and introduced new products. Recently, Coinbase developed a new automated security tool which is now available to the public through an open source code. By utilizing a combination of human code reviews and automated scans, the Salus secutity tool is able to run and manage different security scanners automatically. On October 23, Coinbase Custody Trust Company LLC was approved by New York State Department of Financial Services (NYDFS) to operate as “a limited purpose trust company”, which is another milestone for the exchange. Now, as a qualified custodian, Coinbase will function similar to a bank. CNBC’s Ryan NeuNer Hints at Coinbase IPO, Rumors Ensue

2 months ago

The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M

In today’s edition of The Daily we cover stories about the latest investment in the cryptocurrency space by Goldman Sachs, the amount institutional traders borrowed in the last six months from just one OTC desk, research on state-sponsored hackers, and a new security tool from Coinbase. Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage Goldman Sachs Invests in Bitgo Bitgo, the cryptocurrency security and custody company, announced on Thursday the second close of its Series B funding round, bringing the total raised in this round to $57.5 million. The new investors who joined in the round are Goldman Sachs’ Principal Strategic Investments group and Mike Novogratz’s Galaxy Digital Ventures. The funding is earmarked to supporting Bitgo’s wallet development. “This strategic investment from Goldman Sachs and Galaxy Digital Ventures validates both our market opportunity and unique position,” said Bitgo CEO Mike Belshe. “No one is better positioned than Bitgo to serve institutional investors who want to trade cryptocurrencies and digital assets. That’s why we’re focused on figuring out what it takes to secure a trillion dollars. The market’s not there yet but our job is to be ready first.” “Greater institutional participation in the digital asset markets requires secure and regulated custody solutions,” commented Rana Yared, a Managing Director of Goldman Sachs’ Principal Strategic Investments group. “We view our investment in Bitgo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.” Institutional Traders Borrowed $553M Since March Genesis Global Trading is a registered broker-dealer with an over-the-counter (OTC) digital currency trading desk. The firm has revealed a meaningful increase in the number of market participants wanting to borrow or lend digital cryptocurrencies since the launch of its institutional lending business on March 1, 2018. The company reports that more than half a billion dollars passed through its lending desk since launch. This volume was across 11 assets and involved 60 institutional counterparties around the world. Additionally, its loan book stands at $130 million in active loans outstanding, which Genesis says has steadily grown over the year despite the bear market. Its clients include hedge funds, trading firms and companies that use cryptocurrencies as working capital. North Korean Hackers to Target Crypto Miners Next? Group-IB, a company that specializes in preventing cyber attacks, recently introduced its 2018 cybercrime trends report which includes some interesting analysis on state-sponsored hackers and the cryptocurrency ecosystem. For starters, approximately 56% of all money siphoned off from ICO projects was stolen through phishing attacks. And between 2017 and 2018, a total of 14 cryptocurrency exchanges have been robbed, suffering a total loss of $882 million. At least five of these attacks have been linked to North Korean hackers from the Lazarus state-sponsored group, with a combined loot of $571 million. Their victims were mainly located in South Korea. In addition to exchanges, the security researchers predict that major cryptocurrency miners may become the next target of state-sponsored hacking groups. Coinbase Introduces Salus Coinbase has introduced a recently developed programming tool called Salus. The software comprises a docker container that decides which security scanners to run, coordinates their configuration, and compiles the output into a single report. The company has made Salus open source on Github for other companies and teams to use. Explaining the decision, Coinbase stated: “All software companies leverage open source software, and common languages and frameworks often have security scanners which can tremendously improve security. Tools like these help us to ship faster, and we are tremendously grateful for these open source efforts. It was in this spirit that Coinbase started its open source fund, a token of gratitude for this type of community-oriented work.” What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M appeared first on Bitcoin News.

2 months ago

Coinbase’ New Automated Security Scaling Tool Salus Made Available to the Public

Security has always been one of the highest priorities for the well-known United States-based cryptocurrency exchange Coinbase that is at the same time the largest crypto exchange in the country by volume. Recently it has become known that Coinbase developed a new automated security tool which is now available to the public through an open source code. The company has decided to name its tool after the Roman goddess of safety and well-being. So, it is called Salus. Salus Security Tool The company’s newly developed secutity tool is able to run and manage different security scanners automatically. Moreover, it can prepare reports on them. Coinbase has made the code absolutely available on GitHib to ensure that other teams can also use it. Commenting the advantages for their platform of this new security tool Julian Borrey, one of the developers of the program, wrote: “Salus coordinates security scanning across all the services we deploy at Coinbase. It helps us enforce security policies for each change made to a codebase and ensures there is a quick feedback loop with the developer about potential vulnerabilities.” How It Works As the company describes, the tool utilizes a combination of human code reviews and automated scans, such an approach helps to ensure that all the security measures have been undertaken for each concrete kind of device. Security scanners on the device can also ensure the highest level of security. Salus is said to be a state-of-the-art industry-grade security tool. Being aimed at making the production environment of the platform absolutely free of any possible errors, it also remains fully secure to its core. In the aspect of the importance of the tool and its availability to a wide audience, the official post of the company states: “Tools like these help us to ship faster, and we are tremendously grateful for these open source efforts. It was in this spirit that Coinbase started its open source fund, a token of gratitude for this type of community-oriented work.” Coinbase’ Recent Initiatives In general, it’s worth mentioning that Coinbase is one of the companies that never stands at one place. It is always moving forward taking into consideration the current market environment and needs. Just recently, CoinSpeaker has reported, that now trading operations with ZRX are available for users of Coinbase platform. Having analyzed their traders’ demands, the company has decided to expand trading opportunities for them and added the first ERC-20 to its platform. Moreover, just a couple of days ago, the company announced opening of its new office in Dublin, Ireland. Such an initiative is said to help the company to keep its rights to sell services to citizens of the EU countries even after Brexit. The exchange’s office in London will also continue its work. The post Coinbase’ New Automated Security Scaling Tool Salus Made Available to the Public appeared first on CoinSpeaker.

2 months ago


News courtesy of berminal.com
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