Cryptocurrency will pay access to market

cryptocurrency exchanges will pay access to market information

Wall Street exchanges that trade in securities and commodities currently charge a fee to access market data, but cryptocurrency exchanges provide it for free so far. In the next episode of The Scoop podcast, Ryan expressed confidence that over time and in the cryptocurrency space, it will become customary to pay for access to information.

Ryan stressed that now for the operation and development of cryptocurrency exchanges, there are more than enough commissions from user transactions. However, commissions will decrease in the future and exchanges will have to look for additional funds. This was also the case in the American securities market - access to market data was previously free, but now it has become the norm to charge for it.

“Most likely, the securities market can be considered a litmus test - it is slightly ahead of what is currently happening in the cryptocurrency market. I would not be surprised if cryptocurrency exchanges charge money for access to market data, ”concluded the co-founder of IEX.

NEAR and Ontology Develop Decentralized DID Identity Solution

Ontology will assist in the development and use of DIDs and be responsible for regulatory compliance. DID is a digital identifier that confirms information about individuals, organizations, objects or data models. AND

The tool meets the requirements of the World Wide Web Consortium (W3C), an international consortium that creates standards for the Internet. DID aims to mitigate the risks associated with sensitive user information that are typically found in centralized data stores.

Erick Pinos, head of the US division of Ontology, said that Ontology will provide technical assistance to the NEAR project in the use of smart contracts and advise on registration and compliance with W3C requirements.

Near Foundation CEO Erik Trautman added that the collaboration with Ontology is of particular interest to him, as the company already has experience working on decentralized digital identity solutions. This is an ONT ID 2.0 tool that was developed to ensure blockchain interoperability.

NEAR raised about $ 21 million in an ICO in May. More than 40 investment firms have participated, including Andreessen Horowitz, Pantera Capital, Libertus, Blockchange, Animal Ventures, Distributed Global and Notation Capital.

Media learned about the closure of the bitcoin fund Tour Demeester Adamant Capital

Cryptocurrency fund Adamant Capital has stopped its activities without notifying the general public about it, writes The Block.

The fund was founded and run by a staunch bitcoin supporter Thor Demeester. Adamant Capital co-founder Michael Lescrovet confirmed in a conversation with the portal that Demeester decided to close the fund "for personal and family reasons." He also said that at the time of closure, Adamant Capital managed assets worth about $ 10 million.

Adamant Capital was founded in 2017 with the goal of "responsible excellence over bitcoin by using it as digital gold, liquid reserve assets and investment in the virtual currency ecosystem." The fund calculated its indicators relative to bitcoin. At the time of publication, the Adamant Capital domain was suspended.

This is at least the fifth cryptocurrency fund to close this year. The beginning was laid by Murad Mahmudov's Adaptive Capital, which allegedly lost more than half of its capital during the March market crash. It was followed by Prime Factor Capital, citing lack of interest from institutional investors, Tetras Capital, which allegedly lost 75% of its assets since 2017, and Neural Capital, whose balance fell by 50% over the same period.

In addition to supporting Bitcoin, Demeester is known as an active critic of Ethereum. However, he recently revealed that he is buying the second largest cryptocurrency, making one important clarification: “The technical background of ETH / BTC seems to be bullish, so I go long. (I still think ETH has huge fundamental problems). "