Susquehanna to Provide BTC Trading For 500 Customers

Company was impressed by the success of bitcoin futures, so they decided to operate with cryptocurrency on public
06 June 2018   1429

The large US financial company Susquehanna International Group announced that it will provide access to bitcoin trading for 500 customers, after two years of processing similar transactions privately, New York Times reports.

We believe that this technology and this asset class is going to change some facet of financial services, and we think it is going to exist forever.
 

Bart Smith

Head of the digital asset group, Susquehanna International Group,

Initially, Susquehanna will work with cryptocurrency futures, subsequently adding the possibility of buying / selling Bitcoin, Ethereum, Bitcoin Cash and other crypto coins.

The company already carries out transactions with bitcoin for millions of dollars, for which it formed a team of dozens of traders. For the first time with bitcoin Susquehanna operated in 2014, when the Winklewoss brothers, founded the Gemini exchange, and asked to support their bitcoin-ETF, whose registration they intended to negotiate with regulators.

Susquehanna was impressed by the success of bitcoin futures, launched in December last year by two American trading floors; so they decided to operate with cryptocurrency on public.

To provide cryptocurrency products to its customers, Susquehanna asked regulators to make changes to it's broker-dealer license, which will allow it to operate with digital assets qualifying as securities.

Smith also commented on the investigation conducted by the US authorities regarding possible manipulation of the cryptocurrency market. A representative of Susquehanna said that he did not notice any obvious evidence of manipulation, although his company works with unregulated cryptoexchanges, while recognizing that this market is still in its infancy and characterized by a lack of proper regulation.

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   215

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.
 

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.