Copper CEO's interview, Crypto fund report, Fidelity Head of Europe, SIX Token
|May 12||Public post|| 1|
This is the third issue of my European crypto newsletter aiming to give updates on corporates, startups, jobs and regulation in 🇪🇺
Everyone is talking about San Francisco as the epicentre of everything in crypto. Well, I wanted to shed lights on Europe and show how exciting the ecosystem is.
If you want to support this initiative, please share it with others, sign up and retweet. Or send me BTC. 🙊
By the way, the awesome team at Honeyminer launched a Mac version of their app. I highly recommend signing up.
Don’t hesitate to contact me!
Etienne ( Twitter, firstname.lastname@example.org)
Send me Bitcoin for my morning coffee or to have a better logo: 37QXn58nXbr2Z6yx3RhF73AJoUDJpBEdne
🙈Who’s behind this?
This section aims to give the opportunity to introduce some of the best 🇪🇺 founders. Most people loves their products but don’t know who are the founders behind them. Hello World.
Background: I have met Dmitry, almost a year ago. He is one of the most impressive founder I have met building a prime brokerage solution in London. The attention to details and strong UI / UX makes it an outlier in a world of clunky dashboard.
Hi Dmitry, you recently won the best digital asset custody award at Hedge Fund Services Awards but is who is behind Copper, Can you share a bit about your background?
I studied software engineering at university, followed by degrees in financial engineering and business. I then spent time as quant at a hedge fund designing algos, before going on to be CTO and partner at a London-based asset manager.
How did you get into the bitcoin and blockchain industry?
I’d dabbled in crypto for years, but it wasn’t until we were looking for a digital asset custodian to service a fund we set up that it became apparent there was such an enormous gap in the market. And not just on the product side; there was a complete lack of information for institutional investors about how to store digital assets, and why their storage requirements were fundamentally different from, say, gold. Likewise, there was a lack of information in the crypto community about how to communicate the opportunities to traditional finance people. They fundamentally didn’t understand the infrastructure institutional investors need. Once we built the technology the next difficult task was finding the common language to bridge this divide between legacy finance and fin-tech.
What is the vision of Copper? What makes it special?
Continue reading the article on Medium
Full Stack Engineer and Front End Engineer - London, UK - Quanterium - Boosting blockchain technology adoption by providing institutional clients easy access to the digital assets market. Looking for ambitious individuals to roll up their sleeves and build something awesome.
Software engineer and Lead Architect - London, UK at Wintermute Trading - Algorithmic trading firms in crypto. Looking for Python developers to work on trading software, infrastructure, and innovative projects with tier 1 global partners and for experienced architects with Python/C++/Linux and ideally trading systems knowledge to work on trading software, infrastructure, and exciting projects with tier 1 global partners. Opportunity to own tech stack
Product Designer - Paris, FR - Sorare - The platform to collect and play with officially licensed football Crypto-goods. Come shape the future of sport entertainment and bring crypto to mainstream users!
Product Marketing Manager - Futures - London, UK Kraken, one of the largest crypto exchanges who recently acquired CryptoFacilities.
London-listed Argo mining company adds 1,000 BTC miners in bid to turn profit for Q2. It expects to break even this quarter after a recent investment in a new batch of 1,000 Bitmain Z11 miners. Argo, which offers mining services via a subscription model, notably raised $32.5 million via an IPO last August [Source]
Crypto hedge funds research and findings: Some good insights on crypto fund including: (i) there are about 150 funds, (ii) managing less than $1bn, (iii) most funds hold less than $10m of AuM, (iv) less than 10 manages more than $50m of AuM, (v) The median crypto hedge fund delivered a 46 per cent loss in 2018, (vi) Quantitative crypto hedge funds returned +8%, (vii) All performance data were self-reported so might be lesser… (viii) Three-quarters of crypto hedge funds do not have independent directors (Source)
New data shows Bitcoin network surpasses 100,000 full nodes. Sometimes referred to as ‘supernodes,’ listening nodes perform more work on the Bitcoin network than full nodes do. Listening nodes relay large amounts of data to other full nodes in the network, and the expense and hardware requirements of running one is higher than a full node. [Source]
Crypto security company Curv has obtained up to $50m of insurance coverage for its institutional customers from reinsurance giant Munich Re. It is insuring against the risks of “an external cyber breach or malicious behavior by Curv or one of its employees” [Source]
Switzerland’s top stock exchange SIX could issue a token to meet its goal of digitizing traditional assets, according to its head of securities and exchanges. SIX’s planned digital exchange will go live with a native token and an “initial digital offering” (IDO) service in 2020 [Source]
Fidelity Investments has hired a former head of digital assets project at investment bank Barclays. The new hire, Chris Tyrer, joined Fidelity at the end of April. [Source]
Switzerland’s national postal service Swiss Post has cooperated with blockchain firm Modum to further develop a temperature monitoring solution for shipments. [Source]
Nordic private banking institution Nordea is expanding its offering of the blockchain-based trading platform we.trade to its small and middle-sized business customers (SMEs). The platform will purportedly help address trust deficits extant in current cross-border trades made by SMEs. [Source]
🏦Regulations / Universities
The government of Liechtenstein announced that it has passed new tokenization, virtual asset service provider and blockchain regulation. The new Token and VT Service Providers Act, passed on May 7, aims to improve investor protection, combat money laundering and establish clarity. The announcement also cites tokenized securities and how digital token systems can be used to tokenize real-world assets. [Source]
Turkish Bahçeşehir University (BAU) has reportedly opened a blockchain center at Boston's Northeastern University (NEU) to provide informational support on blockchain technology, Daily Sabah [Source]
In Spain, eight people have been arrested for allegedly operating a money laundering scheme involving cryptocurrencies, Europol. The group laundered money by exchanging fiat currency to crypto assets. The individuals reportedly used cryptocurrency ATMs and split funds into smaller sums to introduce them into the financial system without having the transactions reported as suspicious. [Source]
No funding this week.