A new partnership to design ETH reference index

An effort to develop a touchstone for Ethereum token price is the purpose of ConsenSys and TrueDigital team-up
12 March 2018   693

Blockchain venture studio ConsenSys and a new affiliate of marketplace trueEX - TrueDigital, have announced a partnership between each other. The goal is be able to offer more crypto trading products to institutional investors as their interest in digital currency related derivative products is on the rise.

Institutional investors and commercial partners are ready for a regulated and liquid marketplace to gain exposure to and hedge these increasingly important digital currencies and commodities. But the marketplace is sorely lacking the necessary foundation, infrastructure and platforms that institutional investors have come to expect in other important markets.

 

Sunil Hirani

Founder, TrueDigital

The initial step is to invent an anchor index for the market as a whole for the price of ETH. Alongside this partnership, trueEX s going to launch a special marketplace for digital assets as another step to convince institutional investors of confidence and transparency. First contracts are planned to be Bitcoin non-deliverable forwards (NDFs), settled in USD. TrueDigital, in turn, will handle the product development and manage sales and marketing for these new products.

NDFs on digital assets are the logical next step for institutional investors who are seeking exposure to Bitcoin and other digital currencies. Sunil is a proven innovator in financial products and market infrastructure, and one of the earliest advocates for the use of digital assets in institutional finance. We're looking forward to working with his team at trueDIGITAL.

 

Brooks Dudley

Vice President of Risk, ED&F Man Capital Markets

MyEtherWallet to Roll Out MEW Connect

The application provides a secure login to user accounts
19 September 2018   134

Developers of the popular wallet MyEtherWallet presented the final version of the mobile application MEW Connect.

The application provides a secure login to user accounts. With MEW Connect, users do not need to enter a private key to open a wallet. Instead of using a private key, the introduction of which may pose a security risk, the user reads a special QR code.

Kosala Hemachandra, MyEtherWallet founder in talk with TechCrunch said that he he hopes beta users will comb through the code and help find issues with the app before its wider release.

The app is available for both iOs and Android. MyEtherWallet.com service is visited daily by about 600 thousand users.

Recall, the beta version of MEW Connect was introduced in July.