Nasdaq and Euroclear to Represent Blockchain Platform

ABN AMRO Clearing, EuroCCP, Euroclear and Nasdaq jointly created blockchain or securities trading and derivative financial instruments
20 June 2018   1129

One of the main functions of the new solution is the mechanism for covering losses of investors based on the DLT due to the triggering of margin calls (forced completion of the transaction, when the account balance necessary to maintain the amount of collateral of all open positions is near zero). This is reported in the press release.

It is also reported that Nasdaq will develop a Proof-of-concept, and EuroCCP and ABN AMRO Clearing will develop a client part of the user interface and will take over the integration of services. Euroclear, in turn, will ensure the settlement of security transfers, as well as control over compliance with regulatory requirements.

Currently, processing transactions with collateral on derivatives is carried out centrally, which creates certain risks and difficulties. According to the creators of the platform, because of the growing number of participants in the derivatives market, this segment of the financial market needs new, more efficient solutions. The latter, in particular, should help to optimize the management of collateral, as well as the interaction of market participants located in different time zones.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   96

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."