In The Daily Monday we cover the news that the Bittrex exchange has invested in a new Malta-based trading platform for institutions and a research report that predicts that the ATM encryption market will grow more than 50% the year and
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Bittrex invests in a new platform
The Bittrex cryptocurrency exchange bought a 10% stake in Palladium, according to reports from the Malta Times on Sunday. Palladium is a platform for Initium Convertible Coin Offerings (ICCO) aimed at attracting institutional investors to enter the field of encrypted tokens, based on Bittrex technology. The companies have not yet disclosed the investment amount, but the Palladium fundraising objective is 150 million euros from a pre-sale of token securities. According to its July launch announcement, 50% of the proceeds are for the acquisition of a controlling interest in a European bank. Paolo Catalfamo, founder and president of Palladium, said: "We are thrilled to have such a global player on board.The investment of Bittrex in Palladium is a confirmation of Malta's solid decision to be at the forefront of regulation of the blockchain technology. "
The ATM market increases by more than 50% the year
Marketsandmarkets, a B2B market research company, has released a new report about the Crypto ATM Market stating that it should grow from $ 16.3 million in 2018 to $ 144.5 million in 2023, at a compound annual growth rate (CAGR) of 54.7%. And among all types of machines, the 2-way CRypto ATM segment is expected to grow at the highest CAGR during the forecast period.
In a global comparison, North America should hold the largest share of the ATM 2023 encrypted market. It is expected that the United States will dominate the market during the forecast period due to the presence of a large number of hardware vendors and software and a favorable investment environment, the researchers say. The report outlines profiles of the main players in the market around the world, including: General Bytes (Czech Republic), Genesis Coin (United States), Lamassu (United Kingdom), Covault (United States), Bitaccess (Canada), Coinme ( United States), Coinsource (United States), Bitxatm (Germany), Orderbob (Austria) and Rusbit (Russia).
Firefox to Block Cryptojacking by default
Nick Nguyen, Vice President of Product Strategy at Mozilla, recently revealed that their popular Firefox browser will block the default cryptojacking in the near future. This is done as part of a series of moves designed to help combat tracking and loss of performance on the web. He explained to non-expert users that some "sites have distributed cryptographic scripts that silently extract cryptocurrencies on the user's device." Practices such as these make the web a more hostile place. Future versions of Firefox will block these practices by default. . "
As previously reported, Opera browser developers have announced they will start offering protection against cryptocurrency scripts just released from the package in December 2017 and the Brave browser offered protection against malicious cryptocurrent miners by setting default since September of the same year.
Oxford for research Green Mining Technology
University College Oxford (UNIV) has set up a new "Research Center for Blockchain". The academic body is headed by the Univ professor, Bill Roscoe, with over 30 years' experience in competition, automated verification, applied cryptography and payment protocols. It is supported by a group of experts in similar sectors and is working to "significantly improve" the efficiency of mining and trust models, to build new models of privacy and commitment, and to create models of fair trade to support safe trade. The group will also focus on long-term challenges as the threat posed by quantum computers in the field. Professor Roscoe said, "The new center focuses on bringing the blockchain to the mainstream, this vision will be achieved using green mining technology and adopting regulation through appropriate Know Your Client (KYC) guidelines.
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