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Cumberland Labs, the incubator arm of Chicago-based crypto trading company Cumberland has launched the beta version of a new API tool that could simplify the arduous task of connecting to blockchain and decentralized finance protocols.Cumberland Labs told Cointelegraph that the Cumberland, the trading unit of DRW Holdings LCC used to
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“We’re not a subsidiary of Cumberland but obviously work closely with companies like DRW,” said Churchouse in an interview. “We work with external founders, where typically there is a large first check investment for a substantial equity position in companies where we can add a genuine competitive advantage with Cumberland
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“It’s not unexpected” for Cumberland to announce support for crypto transactions denominated in Canadian dollars, said Alex McDougall, president and CEO of Stablecorp, a fintech firm that created QCAD, a stablecoin pegged to the Canadian dollar. “It will be interesting to see if the entry of a major global player
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"Under the terms of our agreement, on November 16, we notified them that we were surrendering our cash collateral and liquidating their crypto to close out the loan," Cumberland said. "This left an outstanding balance due to us of approximately $46,064.34, consistent with our November tweet. We have established no
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Sell bitcoin June expiry calls and hedge the same with short-dated December expiry options, Cumberland said. Source
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“So legally, we’re a different company," he said. "We have our own management, we make our own decisions. Having said that, we do benefit from the wisdom of our founders, but the idea is that we will be incubating and launching our own projects that will go out into the
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Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed there’s a growing number of crypto companies feeling financial burdens, and “uncertainty” tied to
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During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On
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