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Facebook 'acqui-hires' distributed ledger startup Chainspace, Cheddar reports; founded by University College London researchers, Chainspace has focused on faster Blockchain transactions and applying the tech outside of the payments space; Chainspace is now shutting down after losing four of its five white paper writers, although none of the tech was acquired by Facebook - Link
Cryptocurrency exchange Kraken has acquired British futures startup Crypto Facilities for more than $100M; Kraken users can now trade spot and open positions for exposure to future prices; Crypto Facilities is registered with the UK's Financial Conduct Authority (FCA), opening up more markets for Kraken in Europe; the acquisition also gives Kraken access to CME's CF Bitcoin Reference Rate, an index for pricing U.S. futures offerings which Crypto Facilities and CME jointly worked on - Link