Spherix invested into blockchain-focused education platform

Despite the development stage media and education platform TheBit Daily secured an investment of Spherix Incorporated
27 March 2018   399

It was announced that the deal between TheBit Daily and Spherix had been finalized on March 27. TheBit shares through special guides its knowledge and understanding of the blockchain technology. Custom-curated newsletters are available to the users with the latest updates on the technology and cryptocurrency. Interviews with industry leaders is a crucial part of the resource.

When Bitcoin was booming in 2017, friends asked us constantly how to participate in its explosive growth. That's when we realized there was a lack of education in the space.  Articles and media were geared towards highly complex and technical information. TheBit Daily was born out of the need to simplify blockchain for everyone.

 

Erica Amatori

Co-Founder, TheBit Daily

TheBit has some plans regarding expansion: it's going to include community sourced resource discovery, international videos and access to social network focused on the blockchain ecosystem.

Our investment in TheBit provides our shareholders another opportunity to participate in the growing blockchain and cryptocurrency space, while also being accretive to our proposed acquisition of DatChat.  As the Company moves into the blockchain space, TheBit provides our shareholders and other users with clear and easy to understand information about blockchain and cryptocurrencies. This investment will seek to diversify our revenue base as we help incubate and grow a fantastic startup.  This is a true win-win.

 

Anthony Hayes

CEO, Spherix

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   100

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.