Trezor Enables User To Directly Convert Crypto From Their Hardware Wallet

Users of Trezor’s Model T Bitcoin and cryptocurrency hardware wallet will be able to exchange through their wallet interface.

This essentially means that users do not need to send coins from their device to an online exchange for conversion.

This was made possible through a recent software update released by the company.

It must be noted that the conversion of the cryptocurrencies will not be handled by SaotshiLabs, the makers of Trezor hardware wallet.

The conversion instead will be handled by two of the most famous instant conversion services currently available, ShapeShift and Changelly.

This means that the exchange feature is provided by the said third-party entities, and SatoshiLabs bears to responsibility for the process, exchange rates, fees, or functionality.

It was also reported that Trezor wallet will always operate without KYC as it is not custodial.

This was stressed by SatoshiLabs as one of its partner, Shapeshift have made KYC mandatory in their platform following an incident where the instant exchange was implicated being used to launder money using cryptocurrencies.

This was dismissed by Erik Voorhees, CEO of ShapeShift stating that the claims are wildly inaccurate.

ICE’s Bakkt To Offer Bitcoin Futures Market Middle Of December

The operator of New York Stock Exchange as well as 23 leading stock exchanges in the world have recently announced that its cryptocurrency centric exchange, Bakkt will release its highly-anticipated bitcoin futures contract in December 12, 2018.

The contract is known as a physical-settled daily futures contract. The contracts will be backed by actual Bitcoins held in ICE’s Digital Asset Warehouse and will be cleared using its own clearing venue, ICE Clear U.S.

A press release states that each futures contract calls for delivery of one Bitcoin held in the Bakkt Digital Asset Warehouse and will trade in U.S. Dollars and others.

One daily contract will be listed for trading each Exchange Business day.

Bakkt is a regulated ecosystem that seeks to provide institutional investor protection who wants to get exposure to cryptocurrency.

Physical Bitcoin futures would be traded against the U.S. dollar British pound sterling and Euro.

With Bakkt’s solution, physical delivery of Bitcoin, the buying and selling of bitcoin is fully collaterized or pre-funded.

This differs from the Bitcoin Futures market on CBOE and CME, which is cash-settled, which means there is no actual cryptocurrency asset exchange hands at expiration.

Anonymous Sources Reveals BTC ETF Approval Imminent

Reports are pouring in from anonymous sources that the approval of the highly anticipated Bitcoin (BTC) exchange-traded-fund (ETF) is imminent.

Details of the information are uncorroborated but relates to the meetings held between US Securities and Exchange Commission (SEC) commissioner Elad Roisman and The CBOE, VanEch and SolidX last October 9, 2018.

According to reports VanEch, SolidX and CBOE told Commissioner Roisman that they had addressed issues the SEC had cited for not approving the Bitcoin ETF.

One of these concerns is investor protection which VanEck has taken cared of with Zero leverage and accredited investor protection built into their product.

Recent developments in the crypto space might also have possible impact on the SEC decision such as the entry of ICE, Fidelity Investments and Nasdaq which offers an assortment of crypto-related products.

Another factor of imminent approval is the ever increasing commissioners in SEC that is widely viewed as crypto-friendly and commissioners that are critical of cryptocurrencies are retiring.

With numbers shifting to those who favors cryptocurrencies, it is not hard to see that indeed a BTC ETF might just be beyond the horizon.

Samsung Enters 7nm Chip Market

The South Koren electronic giant Samsung has recently announced that they are starting to produce 7nm chips that uses their EUV-based 7nm LPP process.

This new announcement should ease up the pressure of global demand for high-performance chips which is currently being made by a few foundries worldwide.

Over the last year, there have been a high need from bitcoin mining rigs manufacturers of these high-performance chips.

According to Charlie Bae, the executive vice president of Samsung’s foundry sales, the production will not only help mobile and high-performance (HPC) technology but also a wide range of cutting-edge applications.

Currently there are only two firms that Produce Next-Generation Chips which include Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung.

Globalfoundries previously fabricates 7nm chips but has since then announced that they stop fabricating them.

The fabrication of 7nm has started in Samsung’s plant in Hwaseong, Korea.

The 7nm production was announced to European investors at the last 2018 Foundry Forum event held on October 18, 2018 in Munich, Germany.

The two leading chip makers are already well into the development of even lower die in the future where TMSC planning to launch their 5nm technology on Q3 of 2019 with Samsung not far behind with its own 3nm technology.

Bloq Acquires An Ex-Fidelity Exec As New Chief Operating Officer

The lure of blockchain related projects on Wall Street talent is once again highlighted with another high profile recruit by a blockchain project, Bloq.

This time around a former executive at financial services giant Fidelity Investments was hired by the said firm and will serve as its Chief Operating Officer.

Bloq’s new COO, Hadley Stern spent seventeen years a Fidelity which administers over $7.2 trillion of client assets.

Before leaving Fidelity, he led the Crypto and blockchain incubator within Fidelity’s innovation lab which led to the creation of Fidelity Digital Assets.

According to Bloq’s co-founder and Chairman Matthew Roszak, the new appointment is emblematic of the increasing entwinement of the world of conventional enterprises and the merging cryptocurrency sector.

More and more Wall Street talents have turned into the nascent industry.

The ever increasing talent pool that have joined the industry just goes to show that a lot of people are already believing in the cryptocurrency movement.

This is a sharp contrast of not so long ago when talents from Wall Street have avoided being associated with cryptocurrencies for fear of being mocked or joked about.

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