A crypto whale may soon sell $400million worth of bitcoin, and ex morgan stanley developers built a crypto derivatives exchange.  Let's start the show!
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Gemini, which is one of the top crypto exchanges worldwide, has recently hired a former senior executive from United Kingdom-based Starling Bank. Mr. Julian Sawyer, who is former CEO and co-founder at Starling, will now lead Gemini Europe — the European affiliate of Gemini Trust Company — as the managing director of the U.K. and Europe, let's see what Mr. Sawyer brings to the Gemini group.
Eight former core developers from financial services company Morgan Stanley have launched Phemex, which is a new cryptocurrency derivatives trading platform based in Singapore. The former Morgan Stanley developers claim the platform is ten times faster than traditional crypto trading platforms while offering 100 times leverage to both retail and institutional investors in Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) perpetual contracts.  Let's see how this venture works out in the months to come.
Just a reminder,  we have a brand new website - jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency.  You can find a link to our site in the show notes below.  And now, back to today’s episode.
The Cryptocurrency exchange Bitfinex and crypto store Bitrefill partnered to allow the trading platform’s clients to shop with Bitcoin (BTC) over the Lightning Network. Bitfinex users can instantly pay for a variety of services with Bitcoin that they hold on the exchange as of today.  Let's see what this does for the exchange and bitcoin more generally.
Gareth Li,  who is the head of business development and partnerships at Binance, had the crypto exchange's angular diamond drawn on his arm to match founder Changpeng “CZ” Zhao's tattoo.  We have also seen such commitment From CZ’s fans, who get their Binance tattoos, sometimes permanently. Cryptocurrency has strayed from its roots in the decade since a mysterious programmer (whose identity remains unknown, and to most users unimportant) invented a new form of anonymous digital cash. There seems to be a shift now into a realm that has cults of personality and public histrionics define the sector. And the stakes are often higher than getting inked like an idol.  How will this affect the growth of the industry moving forward?
A Bitcoin whale has made a serious shift in the last 48 hours, with a move of about $419 million, between two wallets of unknown origin.  According to the crypto tracker Whale Alert, the owner of the BTC may be a cryptocurrency exchange. The large stack of BTC is currently being broken up into separate wallets containing relatively small amounts of Bitcoin.  Large moves like this in Bitcoin can have huge effects on the currency, and sometimes the greater marketplace.  How will this move affect bitcoin in the near future?
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This is where you can find all of the latest on blockchain and cryptocurrency.  You can find a link to our website in the show notes below.  For crypto global news I am Edward, until next time, you take it easy.
