KyberNetwork partners with UC Berkeley to research blockchain

They are going to study ways to build better decentralized exchanges
23 November 2017   468

These two groups would be looking trading’s aspects, for example strategies and sustainability, diversity and specifically within KyberNetwork's early-stage exchange model. They have developed the roadmap for three-month. They will hope to find potential problems and solutions for exit from them.

 

We see the power of [decentralised exchanges] to influence adoption of the technology by mainstream users. Berkeley students, energetically focused on innovation and creative problem-solving, are an excellent group to help extend KyberNetwork's ideas and creative energy.

 

Loi Luu

Kyber's chief executive and co-founder

The team are looking four parameters: how many tokens users can transact at one moment, how long reserv rebuild, how many times to lock-up for reserve, price of token. Students, faculty, employees, researchers, engineers and others are participant in this research.

The hypothesis is about potentially unable of centralized exchanges to handle large volumes of users and decentralized would be trading platforms as a better alternative.

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions
18 July 2018   9

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.
 

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.