Markets

The UK Financial Conduct Authority has granted operational licenses to two cryptocurrency exchanges. Those are the UK-based digital security exchange Archax and the UK branch of the Winklevoss twins’ Gemini.Archax Regulated By The FCAAs announced yesterday, the UK Archax platform became the “first-ever FCA regulated digital securities exchange and custodian” in the country. Consequently, digital issuances from across the world will be able to trade on an FCA authorized secondary market....

The Gemini Exchange in New York – founded by Cameron and Tyler Winklevoss of “The Social Network” fame – has announced that it’s turning to Eventus Validus to monitor all the trades that occur on its crypto platform to ensure safety and security for its customers.Gemini and Eventus Are Pairing UpEventus is a trade-surveillance and market risk solution manager for cryptocurrencies and other assets. Right now, Eventus is utilized by six other crypto exchanges and is also quite popular amongst...

[Featured content]The cryptocurrency space has come a long way in the past couple of years. There is a myriad of services that various companies offer, bridging the gap between digital assets and traditional financial markets.One particular field, the interest for which has skyrocketed recently are cryptocurrency-backed fiat loans. In essence, people can now use different platforms where they can use their Bitcoin and other cryptos as collateral for a fiat loan.Nebeus is a platform that...

It looks like bitcoin has let everyone down again. The world’s number one cryptocurrency by market cap has taken a serious turn for the worse and fallen to $11,600 – roughly $400 less than where it was yesterday.Another Bitcoin Fall Is in the BooksThe currency has been on a serious roll after the last few weeks, rising all the way from the mid-$9,000 range to above $12,000. However, now that the currency has broken previously set resistance, the asset is seemingly taking a serious step back....

Bitcoin-Börse Binance expandiert nach Deutschland. Investoren, Experten und Kryptofans fühlen sich an 2017 erinnert. Naht ein erneuter Bullrun? Es scheint so einiges dafür zu sprechen – nicht zuletz der kürzlich verzeichnete Rekord-Traffic auf Binance. Binance-Traffic so hoch wie nie zuvor! Binance ist eine der größten Kryptobörsen der Welt. Der CEO des Unternehmens gab am 17....

CoinShares’ total managed funds have now hit $1 billion, with the volume rising to reflect the growing global interest in cryptocurrency.As the demand for Bitcoin and other cryptocurrencies surges globally, the CoinShares fund hit $1 billion. The Ethereum and Bitcoin fund manager hit the nine-figure mark in assets under management (AUM).With CoinShares, traders can invest in its XBT Provider products. This will enable them to access the crypto market without owning actual cryptos or managing...

BitFlyer entered into the Hawaiian market as the team considers Hawaii as a bridge between Japan and the U.S. The Tokyo-based exchange bitFlyer has entered the Hawaiian market after taking advantage of a regulatory window that permits such companies to operate in the state.According to a statement released by the company on August 19, the state of Hawaii has set up a sandbox for blockchain firms to operate without the statutory financial license for a period of two years.BitFlyer: Why...

Revised data from Messari and Coin Metrics shows that USDT has once again displaced XRP as the third-largest crypto by market cap. USDT growth shows the increasing role of stablecoins in the industry.Leading stablecoin Tether (USDT) has unseated XRP for the second time in a month as the third-largest cryptocurrency by market capitalization. This apparently recurring milestone comes according to the updated ranking on crypto analytics platforms Messari and Coin Metrics.As per Coin Metrics,...

The Emirati-backed Crypto Price Index (CPI) is breaking grounds as it soars to new heights with a 23 times increase in its value in a month.The token brings in a Decentralized Finance (DeFi) to the masses and the serious investors alike, bringing the same facilities of traditional finance into the 4th Industrial Revolution by providing an indexing service of the most popular crypto assets in the world.Crypto BasketsIn the current financial systems, there are firms and analysts who evaluate,...

Bitcoin and Libra may compete favourably in the global financial clime as several central banks plan to release their digital currencies.Raghuram Rajan, the former governor of the Reserve Bank of India, is optimistic about the future of certain cryptocurrencies. According to Rajan, both Bitcoin and Libra may find a place in the global financial market as central banks begin to issue their own digital currencies.According to a CNBC report, Rajan referred to Bitcoin as a “speculative asset” and...