Market Analysis Report (12 Jul 2018)

Bitfinex to Use New Swiss Data Center For Institutional Clients

Cryptocurrency exchange Bitfinex has recently announced that it’s partnering with Market Synergy GmbH, a Swiss-based company that operates a trading network for banks, brokers, and hedge funds to trade cryptocurrencies, in a move that’s set to reinforce its connections to institutional investors. Market Synergy’s CEO, James Banister, stated:

“As the demand for cryptocurrency trading gathers momentum, we spotted a gap in the market for an institutional calibre cryptocurrency connectivity offering. Following over two years of research and planning, we have launched Market Synergy to take us into a new asset class, with the aim of becoming the leading institutional outsourced connectivity provider in the cryptocurrency space.”

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John McAfee Prepares Legal Action Against HitBTC

Cybersecurity pioneer John McAfee has recently revealed he and his team are “preparing a legal complaint” against popular cryptocurrency exchange HitBTC and its service providers, as the exchange failed to respond to him when he reached out. McAfee threatened to fund a $20 million lawsuit that could bring the company down.

“HITBTC has not responded to our requests. We are preparing a legal complaint against HITBTCs service provider and against HITBTC. And if this is not redressed to the max – and I mean to the max, I will donate $20 million to a class action lawsuit that, I promise, will bring you down.”

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Ronaldinho Launches Cryptocurrency to Develop Digital VR Stadiums

Brazillian football star Ronaldo de Assis Moreira — better known as Ronaldinho — is launching a new cryptocurrency project which aims to establish a football academy, host amateur and global league matches around the world, develop and operate a betting platform and marketplace, and develop digital VR stadiums that will analyze player skills and compile a blockchain database with which to create new teams.

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