Week in Cryptos: TD Ameritrade tests crypto waters while Bitcoin survives another day

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Week in Cryptos: TD Ameritrade tests crypto waters while Bitcoin survives another day

Key highlights

  • TD Ameritrade Launches Crypto Division
  • ETrade is close to launching crypto trading
  • Samsung supposedly launching its own token
  • France To guarantee a bank account to crypto business
  • Circle’s SeedInvest receives approval to operate as an ATS
  • BlockFi asset under management reaches USD 53 million

TD Ameritrade Launches Crypto Division

Crypto is slowly becoming attractive again and not many companies are able to keep its hand away from it. According to the recent news break this week, Popular mainstream traditional asset trading platform TD Ameritrade reportedly showed simulated bitcoin trading, via its paper trading functionality. Many believe this paper trading is the testing ground as the platform readies itself for crypto trading

ETrade is close to launching crypto trading

TD Ameritrade’s news also bought attention to other asset trading platform as well. Sources close to the matter, also announce that ETrade would too test crypto waters and the company seems to be getting ready for it. What sources say is that the firm will start by adding Bitcoin and Ethereum, and will consider adding other currencies in the future although there were no official comments yet from the company

Samsung supposedly launching its own token

Samsung has been a company whose name has been often connected to cryptos in someway or the other. And this time it seems Samsung is reportedly looking to develop its own proprietary blockchain network as well as its own token in the coming future. A person familiar to this matter was quoted by various media stated that the South Korean electronics giant’s blockchain task force is building an Ethereum-based blockchain mainnet.

France To guarantee a bank account to crypto business

While companies are supporting cryptos, countries to are not away and this time its France. According to the news sources, the European country has rolled out a new cryptocurrency law that gives all blockchain-related projects the right to open a local bank account. The new regulatory framework, drafted by the Autorite des Marches Financiers (AMF) seeks to provide certainty and remove a longstanding bone of contention between startups and banks.

Circle’s SeedInvest receives approval to operate as an ATS

Another news coming from Circle whose acquisition of SeedInvest seems to be working out well. According to the press release made by the company It seems Equity crowdfunding platform SeedInvest can now operate as an Alternative Trading System (ATS) after getting approval from FINRA. The announcement further states that the ATS will serve as a “secondary market trading of equities launched through its primary markets platform,” allowing investors to buy and sell startup shares following their initial purchase.

BlockFi asset under management reaches USD 53 million

Well everyone is now aware that investment in crypto is on the rise and here is another company that reaffirms it. According to the latest announcement by BlockFi, the crypto wealth management and the lending company now have over $53 million in client crypto assets under management. In the announcement, BlockFi also states that it will implement some policy changes starting from May 1, 2019. Specifically, the company says that the minimum deposit to earn interest has been lowered. Bitcoin (BTC) balances of 0.5 BTC and more will begin earning interest on their deposits, while Ethereum (ETH) deposits up to 250 ETH will earn 6.2% annual percentage.

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Week in Cryptos: TD Ameritrade tests crypto waters while Bitcoin survives another day
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Week in Cryptos: TD Ameritrade tests crypto waters while Bitcoin survives another day
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TD Ameritrade Launches Crypto Division ETrade is close to launching crypto trading Samsung supposedly launching its own token France To guarantee a bank account to crypto business Circle’s SeedInvest receives approval to operate as an ATS BlockFi asset under management reaches USD 53 million
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Abhinav Agarwal 77 Articles

A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help few notable startups in generating initial traction. Reach out to me at [email protected]

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