Ditto Music to Launch App Offering Speedy Blockchain Solution

Ditto Music will launch Bluebox, a blockchain recording technology that could be a boon to musicians and distributors alike.  What it’s all about The problem, says Ditto Music CEO Lee Parsons, is that misplaced metadata can end up eating away at the bottom line.  Recently Ditto made a royalty payment of 60,000 pounds sterling ($80,000) to the wrong artist. Parsons reportedly had to pay the correct artist out of his own pocket.  But Bluebox will allow artists to address legal concerns, such as copyright registration, publishing, and mechanical splits. The…

BitMex to Launch XRP Swaps, Delist 2 Other Derivatives

BitMEX is releasing an XRP-U.S. dollar quanto swap targeted at crypto’s budding derivatives market. A quanto swap is a cross-currency interest rate swap where one counterparty pays the other a foreign interest rate. When the contract expires, the notional amount gets settled in cash at a pre-defined exchange rate. These kind of swaps can be beneficial for speculators in search of liquidity and where they can post margin in their preferred currency. The XRP/USD quanto product is set to go live on Feb. 5. The move coincides with the delisting…

CME Bitcoin Options Volume Doubles One Week After Launch, Hits $5.3M

Bitcoin (BTC) options from CME Group more than doubled their traded volume in the first week after going live, data shows.  According to figures supplied by the company, Bitcoin options volumes skyrocketed in the seven days since they went live on Jan. 13. BTC futures options surge higher As of Jan. 17, volume was 122 contracts, worth 610 BTC ($5.27 million). By comparison, on day one, volume was 55 contracts, or 275 BTC (currently worth $2.37 million).  Open interest on options stood at 219 contracts on Friday, equivalent to 1,095…

Block.One Will Not Launch Its Social Network on EOS

In June when Block.one, the company behind the largest initial coin offering (ICO) in history, announced its Facebook-challenging social network, Voice, it promised the blockchain would run on the EOS mainnet. Plans have changed. Voice is meant to be a new kind of social network, one with crypto built in and one that defeats bots by verifying the identity of every single account. The company went silent about Voice for months after the summer announcement but then, in December, it revealed a launch date for Voice of Feb. 14. With…

Alethea to Launch Decentralized Network for Deepfakes and Synthetic Content

Alethea AI is launching a decentralized Synthetic Content Network to track the usage and intellectual property of AI-generated content. The company plans to offer a wide selection of content, including but not limited to face-swapped deepfake videos. Alethea is a production studio for AI-generated content, having previously released a video featuring Binance’s CEO Changpeng Zhao’s face in a martial arts setting. Other content includes a video on climate change, made to challenge the negative reputation of deepfakes. Synthetic content is often criticized for its potential impact on fake news. These…

Binance in Talks to Launch Crypto Trading Joint Venture in Japan

Crypto exchange Binance is eyeing the launch of a new trading platform dedicated for the Japanese market. According to a blog announcement on Friday, the firm said it is discussing a strategic partnership with Z Corporation and existing Japan-based exchange TaoTao to work together to provide “trading services” in the country. Z Corporation is a wholly-owned subsidiary of Z Holdings Corporation, itself a subsidiary of Tokyo-based multinational Softbank (formerly Yahoo Japan). The three firms would harness Binance’s technologies in order to build out the new service, according to the announcement.…

Gemini Launch “Nakmoto Ltd.” Insurance for Custody Accounts

Gemini, the US exchange led by the Winklevoss twins, today launched its own captive insurance company, according to reports. The Next Generation of Crypto Exchange Insurance?  The press release accompanying the announcement claims that with coverage of up to $200 million for offline storage, it’s the largest purchased by any crypto custodian in the world.  Licensed by the Bermuda Monetary Authority (BMA), the insurance company is called Nakamoto Ltd., the pseudonym used by the anonymous creator of Bitcoin. The company worked with insurance brokers Aon and Marsh to set up…

Anchorage Acquires Merkle as Part of Trading Service Launch

Crypto custody company Anchorage now offers a crypto brokerage service, acquiring Merkle Data to further the service.  Anchorage has introduced an institutional crypto trading service called Anchorage Trading, and has acquired institutional-grade risk management and analytics software company Merkle Data to enhance the endeavor, Anchorage co-founder and CEO Nathan McCauley said in a Jan. 15 post on Anchorage’s blog.  Institutional crypto trading Anchorage’s new offering allows institutional players to trade crypto assets via traders Anchorage employs, the post said.  This new offering also takes advantage of Anchorage’s crypto custody services.…

Startup Crypto Exchange Blade to Launch Zero-Fee Trading in February

Crypto perpetuals exchange Blade will be introducing zero-fee trading next month in a bid to gain market share from rivals.  The Coinbase-backed exchange, which began operations in September, will also drop the $10 subscription fee it had planned to collect from traders on a monthly basis. Though based in San Francisco, Blade prohibits U.S. residents from opening accounts on its platform. Blade will be the first cryptocurrency exchange to offer fee-less trading in bitcoin perpetuals – no-expiry contracts which mimic a margin-based spot market and trade close to the underlying reference…

Binance to Launch Korean Support Center Following Investment in Local Startup

Cryptocurrency exchange Binance has made its first direct investment in a South Korean startup. According to an exclusive report by CoinDesk Korea, Binance has taken a 500 million won ($432,000) stake in BxB, a Korean fintech firm that launched a Korean won stablecoin last year. Alongside the investment, the two firms have inked an agreement that will see BxB support Binance in operating a new support center for local users of Binance.com, the exchange’s international platform. The investment was made, not through the exchange’s incubator arm Binance Labs, but directly…