• Sat, 07 Dec 2019, 04:14 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

CoinMarketCap acquires Hashtag Capital to enhance crypto data offering

Thu, 27 Jun 2019, 05:12 am UTC

CoinMarketCap, a provider of price and market cap data for cryptocurrencies, has announced the acquisition of Hashtag Capital, a startup that has developed a set of algorithms for “true price” with focus on liquidity.

Hashtag Capital was initially an absolute returns cryptocurrency trading fund. However, in a bid to create an accurate reflection of every asset, it started developing its own determination of the “true price” of markets, taking into account all points of available liquidity.

This marks CoinMarketCap’s first acquisition to date and follows its recent announcement to form Data Accountability & Transparency Alliance (DATA) that aims to enhance cryptocurrency data reporting standards across the industry.

Following the acquisition, Hashtag Capital’s team will join CoinMarketCap and work to further develop pricing algorithms and continually improve the latter’s data offerings. CoinMarketCap said that Hashtag Capital’s liquidity-focused products will drive part of the effort on DATA.

“We are excited to push the envelope on cryptocurrency pricing at CoinMarketCap, going beyond our traditional volume-weighted average prices to even more sophisticated price algorithms and analyses,” “The Hashtag Capital team will be able to add significantly to our data efforts, and drive the next phase of CoinMarketCap in providing data products to the market.”

In addition to the acquisition, CoinMarketCap announced that Carylyne Chan, formerly Head of Marketing, has been named Chief Strategy Officer, and Emily Hurd, previously Head of Business Development, has been named Chief Revenue Officer.

Earlier this month, CryptoCompare launched its first cryptocurrency Exchange Benchmark which ranks over 100 active spot exchanges worldwide. CoinGecko, on the other hand, announced a new “trust score” for ranking cryptocurrency exchanges to address the growing problem of fake volume data.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $7,556.03 (+1.43%)
  • Ethereum (ETH) $149.27 (+0.15%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $214.44 (+0.19%)
  • Litecoin (LTC) $45.58 (+0.82%)
  • Bitcoin (BTC) $7,556.03 (+1.43%)
Dec 6, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: LTC/USD extends sideways, finds strong support at 42.45 (Trendline)
South Korean consortium to provide blockchain-based ID services via mobile app in 2020
Crypto Technicals: BCH/USD intraday bias turns slightly bullish, scope for test of 20-DMA (220.99)
Bitfury launches enterprise blockchain platform ‘Exonum Enterprise’
CULedger reveals an EFT payment solution for credit unions in collaboration with R3, Luxoft
Reserve Bank of India governor against the development of private digital currencies
Ripple asks court to dismiss XRP securities lawsuit in latest filing ahead of court meeting
Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
Blockchain firm Figure Technologies hits $1.2B valuation after closing $103M Series C round
Blockchain firm ChromaWay acquires Antler Interactive after setting up its gaming arm Chroma Studios
Galaxy Digital-backed Flipside Crypto hires Accenture Managing Director Matt Bridges as COO
Crypto Technicals: BTC/USD rangebound in the Asian session, struggles at 200H MA
Canadian mining firm goes belly up; Owes local, federal government hundreds of thousands
New crypto derivatives trading platform Phemex can manage 300,000 TPS, says core developer
Microsoft creates blockchain-based incentive scheme with Enjin to recognize active members of Azure community
Dec 5, 2019 (Thursday)
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.