[Bitstamp] Sameer Dubey joins Bitstamp as Chief Operating Officer

We’re excited to be welcoming another trusted leader from the world of finance to Bitstamp. Sameer Dubey has joined our team as our new Chief Operating Officer.

Sameer brings global leadership in fintech and traditional banking to Bitstamp, where he is taking charge of expanding our operational capabilities as we scale across our global businesses. He is joining us following stints with leading banks such as N26 and Barclays Bank.

At the German neobank N26, Sameer served as the Head of Operations for UK. Prior to N26, he spent over a decade in executive roles at Barclays on their Payments and Cash Management Product team. At Barclays, he also helped the major UK bank take its early steps into the world of blockchain and distributed ledger technology. We recently sat down with Sameer to ask him a few questions about why he chose Bitstamp and how he sees the journey forward.

You’ve built an impressive career at both traditional institutions and neobanks. What convinced you to shift your focus to crypto?

I’ve been engaged with the world of crypto for quite a while. At Barclays, I was one of the founding members of what we called the Blockchain and Distributed Ledger Council, and from that point, I started to see that, in the world of finance, this is probably the most fundamental shift that’s happened for hundreds of years. I saw myself playing a part in this world, so it was more a question of “when” than “if”. I was also familiar with Bitstamp, having been a customer for about four years. So, when the opportunity arose, I knew it would be a good fit.

How do you see the cryptocurrency industry evolving over the next few years?

I think that in a few years, we won’t really be talking about a cryptocurrency industry anymore. It will be another part of finance and innovative crypto businesses will be considered fintechs similarly to how N26 is perceived today. A lot of the groundwork for crypto to fully integrate into finance has already been laid in terms of the market infrastructure and the regulatory frameworks. Now, the trust from traditional players is starting to build up and cryptocurrencies, both as investable assets and as technological innovations, are getting a chance to prove what they can do on the biggest stage.

What part do you see Bitstamp playing in crypto’s evolution?

Bitstamp, from its inception, has been a cornerstone of the crypto industry – I expect us to continue playing that role. Additionally, as crypto merges with finance, the part we play is going to take on new meaning. Part of what makes this space so exciting is that we really can’t know where we’ll be in, let’s say, 10 years. From my perspective right now, I see Bitstamp continuing to provide best-in-class exchange services based on excellent trading technology and outstanding operations. We’re certainly going to build out that core with new assets and trading options, alongside launching brand new services like staking to build out a wider platform. The expertise we’re bringing in now, with leaders joining Bitstamp from various sectors of finance, will be essential on that journey and I’m excited about exploring the future with this team.

At Bitstamp, we’re continuing to bring in top talent and ramp up our global presence. To join Sameer and the rest of our team across Europe, US and Asia, visit our careers page .

USD 3 Trillion Corporation State Street Goes Crypto
USD 3 Trillion Corporation State Street Goes Crypto 101
Source: Adobe/Lubo Ivanko

US-based financial giant State Street aims to enter the crypto trading market in the middle of this year.

State Street’s trading platform Currenex, that was reportedly put for sale last year, partnered with London-based Puremarkets Ltd (Pure Digital) in order to develop a wholesale, multi-custodial digital currency trading platform, Puremarkets said today, adding that the partners “intend to further explore the digital currency trading space.”

“Pure Digital will be a fully automated, high throughput [over-the-counter] market for digital assets and cryptocurrencies with physical delivery and bank custody,” the company said.

According to them, institutional participants will trade on the platform utilizing bilateral credit enabling efficient capital utilization and control for all trading participants.

“The Pure Digital trading platform will be the first of its kind, offering a wholesale interbank market for Tier 1 investment banks to trade bitcoin and other digital assets. Pure Digital is in discussions with several other Tier 1 investment banks to use the platform, which will provide a high throughput OTC market for digital assets and cryptocurrencies with physical delivery and bank custody,” Norway’s digital asset-focused company Arcane Cryptosaid in a separate announcement. They indirectly own a 37.5% stake in Puremarkets.

At the end of 2020, State Street had USD 3.47trn in assets under management or 11% more than a year ago. However, their revenue dropped by 4%, to 2.9bn, and net income decreased by 5%, to USD 537m.

“While State Street rose to the challenges in 2020, we are laser-focused on fee revenue growth and expense management to continue to make progress in 2021 towards our medium-term targets. We are confident in the trajectory of our business and will continue to drive innovation, automation and productivity to achieve these goals,” Ron O’Hanley, Chairman and CEO of State Street, said.

Raze Network Announces Partnership with UNION

Today, we are excited to let you know Raze Network partners with UNION, a technology platform that combines bundled protection and a liquid secondary market with a multi-token model.

Under the UNION system, DeFi participants are able to manage their multi-layer risks across smart contracts and protocols in one scalable system. UNION also aims to decrease the entry barriers for retail users and lays the foundation for institutional investors.

Privacy and protection, while often used together as a term, require the cooperation of different players to address the nuanced layers. For us, there are just too many synergies between UNION and Raze Network to pass up this chance to team up. UNION is known for its full-stack DeFi protection, open access for all, and creating peace of mind for DeFi users, all of which coincide with what we believe.

UNION’s approach is a natural fit for protecting value locked in Raze vaults and sent in payment channels. Beyond protection, we will explore extending our Secret DeFi Bridge to support their collateral optimization protection (C-OP) and lending platform (ULend) so DeFi participants can optimize their capital in a private fashion.

With UNION, we can help each other explore different ways of offering protection to users, be it in trading or via information and data exchange.

Raze Network, as a privacy protocol aiming to protect the user identity and confidentiality for the entire DeFi stack of the Polkadot ecosystem, can work to help UNION and UNION users acting as second-layer protection.

Additionally, with the Efficient Σ-Bullets algorithm, a self-developed algorithm based on the Σ-Bullets encryption proof mechanism of the open-source project Zether, we can help UNION encrypt user account balances and transactions, and eventually propel us toward finance sovereignty.

“We’re excited to bring our work at the UNION Protocol Foundation to the Raze Network. Privacy preservation is a necessary tool for ensuring self-sovereign data rights and maintaining transaction confidentiality in a complicated, composable DeFi environment. Privacy rights and data control architectures have had a foundational role in my own interests in distributed ledger technology; Raze has developed a leading-edge approach that is set for success. We’re looking forward to working with the Raze team and engaging their input as we address privacy considerations in our own work, going forward,”

said Michael Beck, UNION’s Project Lead.

About UNION

UNION is a technology platform that combines bundled protection and a liquid secondary market with a multi-token model. DeFi participants manage their multi-layer risks across smart contracts and protocols in one scalable system. UNION decreases the entry barriers for retail users and lays the foundation for institutional investors. UNION’s full-stack DeFi protection is inclusive, composable, and brings battle-tested capital and pricing models from TradFi to the DeFi ecosystem.

About Raze Network

Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. It will then be imported as a substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.

Crypto Corner Podcast 557: Stocks discussed: (OTC: $ARBKF) (TSXV: $DMGI.V) (TSX: $HUT.V) (NasdaqGS: $NVDA) (CSE: $NC.C)

Level Roberts, WA and Delta, BC – March 26, 2021 (Investorideas.com Newswire) Investorideas.com, a pacesetter in crypto and blockchain investing information brings you right now’s version of the Crypto Corner podcast and commentary on what’s driving cryptocurrency shares and the crypto market.

Crypto Nook Episode 557: Argo and DMG Launch Bitcoin Mining Pool, Hut 8 Buys $30M in NVIDIA CMPs, and NetCents Experiences Surge in Signal-ups

Shares mentioned: (OTC:ARBKF) (TSXV:DMGI) (TSX:HUT) (NasdaqGS:NVDA) (CSE:NC)

Argo Blockchain (OTC:ARBKF) has entered right into a Memorandum of Understanding (MoU) with DMG Blockchain Options Inc. (TSXV:DMGI) to launch Terra Pool, described as “the world’s first Bitcoin mining pool powered by clear vitality.” An excerpt from the press launch reads:

Terra Pool will present each a robust incentive and accessible platform for cryptocurrency miners to supply Bitcoin in a sustainable and climate-conscious approach with the objective of considerably lowering greenhouse fuel emissions over the following decade. Within the near-term, Terra Pool will work with like-minded Bitcoin miners to expedite the shift from typical energy to scrub vitality.

Hut 8 Mining Corp. (TSX:HUT) has purchased $30 million of CMPs (Cryptocurrency Mining Processors) from NVIDIA Company (NasdaqGS:NVDA), a transfer anticipated to extend Hut 8’s mixture working fee by roughly 1600 Gigahash. Jaime Leverton, CEO of Hut 8, defined:

“The adoption and the event of purposes interacting with numerous blockchain networks have by no means been stronger, opening many potentialities throughout a wide range of industries. We’re extremely excited to have these excessive efficiency CMPs in our fleet. We consider mining with CMPs will open up new alternatives for Hut 8 and can enable us to proceed to execute on our long- and short-term plans for elevated and diversified income streams.”

NetCents Expertise Inc. (CSE:NC) has reported a surge in new companion sign-ups and leads within the final 60 days. Particularly, the corporate has obtained a mean of 10-15 new companion leads weekly over the previous 60 days with an in depth fee of 30 % over that interval, growing to 40 % over the month of March. In response, NetCents is “within the strategy of tripling the scale of its companion gross sales and account administration crew.” Patrick Albright, Senior Vice President Strategic Improvement at NetCents, stated:

“In my three a long time within the funds trade, I’ve by no means seen such enormous demand for a product. Cryptocurrency, and the processing of funds in these currencies, is now not one thing that’s one thing for the long run. It’s now essential to have the power to deal with customers’ elevated demand for cryptocurrency transactions. North American companions and retailers at the moment are seeing what the remainder of the world has already been witnessing. Crypto funds are right here to remain and can develop into an growing a part of a profitable cost technique.”

Sam Mowers, Investorideas

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