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Crypto derivatives exchange BitMEX appoints regulatory expert Angelina Kwan as COO

BitMEX, a leading cryptocurrency derivative exchange, today announced it has appointed regulatory expert Angelina Kwan to the role of Chief Operating Officer. Kwan previously served as Managing Director and Head of Regulatory Compliance for Hong Kong Exchanges... Crypto derivatives exchange BitMEX appoints regulatory expert Angelina Kwan as COO

BitMEX’s New COO Angelina Kwan Joins the Crypto Space at “An Exciting Time”

Angelina Kwan, former managing director and head of regulatory compliance for Hong Kong Exchange and Clearing, is taking on the position of COO of BitMEX, one of the largest cryptocurrency exchanges in the world, at a time when the challenges facing these exchanges are greater than ever.In an interview with Bitcoin Magazine, Kwan told us:“It is very exciting time for me to be joining the company. In the last three months, BitMEX broke the industry record for daily bitcoin trading volume twice and also launched two sophisticated financial products: ETH/USD perpetual swaps, and UPs and DOWNs (our first call and put options).”This will be Kwan’s first experience working in the cryptocurrency world and, while BitMEX is registered in the Seychelles Islands, she is looking forward to building the company’s presence in Hong Kong, a recognized global hub for cryptocurrency innovation.“Hong Kong is a great place to be with its fast pace of innovation, and evolution in technology and financial services. It’s a great springboard to China, the broader Asia region, and the rest of the world,” noted Kwan.BitMEX CEO and co-founder Arthur Hayes said: “Welcoming Angelina — experienced in traditional finance and regulation — to the BitMEX team is a significant milestone not just for our company, but for the cryptocurrency industry as a whole. I believe Angelina’s decision to join us is a signal that the global markets are shifting focus to the rapidly-expanding domain of crypto-coins.” A History of Working With Financial Services RegulatorsKwan’s significant regulatory compliance experience, including eight years with the Securities and Futures Commission of Hong Kong (SFC), will be important as cryptocurrency businesses come under increasing scrutiny from regulatory bodies like the Securities and Exchange Commission in the U.S.Kwan says she will be continuing the BitMEX practice of proactively monitoring and assessing the evolving global regulatory landscape."Regulatory compliance and prudent risk management is, and has always been, fundamental to the culture and practice of BitMEX globally. As such, BitMEX prohibits residents of various jurisdictions, including the U.S., from holding positions or entering into contracts on BitMEX,” said Kwan.A recent report suggests that a majority of BitMEX’s users are in the U.S., so any SEC ruling, for example, would have a major impact. Recognizing the growing importance of regulatory compliance, Hayes said:“Angelina’s vast experience in regulation, trading platforms, business development, restructuring, and investor and stakeholder relations will be pivotal as we continue the push towards mainstream cryptocurrency adoption and broaden our community.”A Shared Commitment to Promoting Women in CryptoOne of the reasons Kwan chose BitMEX was the exchange’s commitment to promoting women in STEM (Science, Technology, Engineering and Math).“BitMEX has made its commitment to meritocracy clear and is sending the message that women with deep backgrounds in finance and business can execute at the highest level within cryptocurrency companies,” said Kwan.Kwan is a Hong Kong government-appointed member of the Women’s Commission and is Vice Chair of The Women’s Foundation, an NGO dedicated to improving the lives of women and girls in Hong Kong.The Women’s Foundation, Kwan explains, offers “programs, mentorship and training to encourage women and girls to complete STEM programs so as to build a pipeline of female talent.”But Kwan says that even these measures are not enough. “We have to get women to help and inspire each other as well as develop male allies, especially in the STEM fields, to encourage and offer opportunities for the pipeline of women to grow.”Kwan notes that recent studies indicate that approximately 5 percent of crypto enthusiasts are women and also notes that women make up just 20 percent of the technology industry workforce. Growing BitMEX’s Market ShareKwan’s extensive experience working with global financial services firms in Asia and the U.S. makes her well placed to grow BitMEX. “I will be responsible for overseeing and driving the company’s growth,” said Kwan, “while guiding BitMEX on its mission to offer advanced, innovative financial products for the global cryptocurrency industry.”Kwan’s background includes restructuring and relisting a bankrupt financial services company, spearheading the establishment of new operations and companies, and serving on a number of boards and committees.But Kwan told us that her most memorable accomplishments “have been joining organizations that are at the cusp of making a major breakthrough, so it’s with a sense of great excitement that I take on the challenge of driving BitMEX to new market heights.” This article originally appeared on Bitcoin Magazine.
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Stellar Price Analysis: Grayscale Announces XLM Based Trust; XLM/USD Stuck Within Bearish Structure

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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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