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Two Investment Firms Launch ETF Tracking Cloud Computing and Blockchain Companies ! Other crypto news

This is a daily round up of important blockchain and crypto news between Feb 6, 2019 and Feb 7, 2019 . The focus is on important news around developments in the blockchain space, on exchanges and crypto projects.

 Please note that this is neither the only nor the exhaustive list, we are constantly trying to improve the feed and if you have any feedback, please feel free to contact us.


1. Germany: Suspects Arrested for Stealing Electricity in Crypto Mining Operation

In the German city of Klingenthal, Saxony, police have arrested a group of suspects for stealing electricity to operate a cryptocurrency mining farm. Police officers reportedly tracked down a system of 49 computers operating in the premises of former electrical services company PGH Elektro. Since at least 2017, the mining farm has reportedly consumed as much electricity as 30 households, with the damage for the affected electricity supplier estimated to around 220,000 euros ($250,053). Read more

2. State-Issued Digital Currencies Can Squeeze Banks, Says South Korea Central Bank

South Korea’s central bank issued a warning over central bank digital currencies (CBDCs) a week after saying it would not introduce one itself. A number of governments are currently examining the feasibility of using a CBDC, while South Korea formally decided against the measure in late January. Read more

3. Survey of Customer Comfort with Amazon-Branded Products Includes Crypto

In the course of the survey, Investing.com reportedly surveyed over 1,000 Amazon shoppers in order to discover ordering frequency and the trust level customers have in the company. Notably, the survey polled customers on what products they are comfortable buying under an Amazon brand. Read more

4. Two Investment Firms Launch ETF Tracking Cloud Computing and Blockchain Companies

United States-based Investment management firm AdvisorShares and investments advisory company Sabretooth Advisors will jointly launch an exchange-traded fund (ETF) that tracks tech companies, including those involved with blockchain and cloud computing. ETFs are marketable securities that track a basket of assets proportionately represented in the fund’s shares. Read more

5. Abra’s Blockchain App to Let Users Invest in Fractions of Stocks, ETFs

Abra said the app will utilize the bitcoin blockchain and smart contracts technologies to support fractional investments in stocks, exchange-traded funds (ETFs). The app already offers investment in 50 fiat currencies and over 30 cryptocurrencies. Read more

Bite-sized News

Only the headlines are enough for these news

  • Opera Offers its Scandinavian Users to Buy Cryptocurrency Via its Android App Read Story.
  • Swiss Stock Exchange SIX Plans Blockchain Platform in H2 Read Story.
  • Wall Street Blockchain Alliance Joins Enterprise Blockchain Consortium R3Read Story.

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