The top news in the last 24 hours are shown below:
South Korean-headquartered cryptocurrency exchange Bithumb has launched a global over-the-counter (OTC) trading desk for digital assets.
The firm said that the new Hong Kong-based venture – Ortus – is a “block deal, matchmaking service” for institutional clients. In an OTC deal, two parties trade directly with each other, unlike on an exchange where orders are matched between buyers and sellers. Ortus will operate to allow institutions to buy and sell digital assets through a network of global liquidity providers and benefit from a competitive and best price execution service.
US Lawyers: Crypto Regulations Are ‘Tough Waters to Navigate’
In a recent interview, Matt Kohen and Justin Wales, two senior counsels working for Carlton Fields’ virtual currency and distributed ledger technology group, highlighted the challenges that legal practitioners and regulators face in interpreting United States regulations pertaining to cryptocurrency.
Up & Down: BTT Falls From Daily Gainers, Grin Sits Among Weekly Losers
The bullish surge across the cryptocurrency markets has ranked several high profile projects among the top gainers and losers – a distinction predominantly reserved for crypto assets with meager market caps. As of this writing, litecoin (LTC) is the 17th-top gaining cryptocurrency of the last 24 hours after gaining 26%, while the heavily hyped bittorrent token (BTT) sits among the top losers of the last 24 hours despite ranking as a top gaining market of the last seven days.
Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate
21 is a number that holds deep symbology to bitcoiners. In addition to denoting the total number of bitcoins, in millions, that will ever be issued, it’s inspired scores of cryptocurrency business names, websites, and merchandise designs. Despite its assumed inviolability, some members of the community are opposed to Bitcoin’s rigidly set 21 million supply. If they have their way, that arbitrary cap will be lifted. For many devout bitcoiners, this suggestion is sacrilegious.
Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour
Cryptocurrency prices have spiked significantly in value during afternoon trading sessions on Feb. 8. The entire market cap of the top digital assets recorded today has added over $15 billion in fiat value in just one hour.