Tag Archives: Blockchain News

In what has been seen by many as a travesty of sorts, major cryptocurrency equipment manufacturer Canaan Creative has seen its stock decline sharply in the past 17 out of 21 trading sessions. Sources indicate that Canaan’s stock hasn’t fared well as many would have hoped. Just to remind you, the company at its IPO was valued at $1.3 billion. The company’s stock has lost about 35% of its value this week. Since the late November shares have tumbled indicating that the company wasn’t as valuable...

Circle payments startup announced that it is anchoring its business model primarily to providing stablecoin services. The news comes after the firm sold its over-the-counter (OTC) trading desk to Kraken. Additional executives were leaving as part of that Circle OTC sale deal. These top-ranking individuals leave just weeks after co-CEO Sean Neville said that he would be stepping down.Neville and CEO Jeremy Allaire used a long blog post on December 17 to say that the company would majorly focus...

According to an official blog post published yesterday, Kraken has acquired Circle Trade – Circle’s over-the-counter (OTC) platform. The statement says that Kraken sees Circle Trade as “one of the most recognized OTC desks in crypto” and the team is very excited about the acquisition.The statement also includes further details expected from the acquisition. Firstly, the company expects that the fact that its services would now be expanded and a lot more capable will attract new trading...

In direct competition to ICE‘s Bakkt platform, cryptocurrency exchange ErisX has launched its physically-settled Bitcoin futures contracts. In an official announcement on Monday, December 17, ErisX said that it will make its futures contracts available in the U.S. as of now.The product dubbed “Futures Digital Currency Products” will start trading today onwards from 8:00 a.m. Central Time (14:00 UTC). As per CoinDesk, ErisX’s Bitcoin futures will trade alongside its existing cryptocurrency...

In nowadays world, privacy is everything. Privacy is a worthy asset in the world where almost anyone who is internet-connected, can find each and every data possible. In crypto space, privacy seems to be even more. Every day more and more companies are becoming aware of how important it is to ensure privacy for their customers. Zk-SNARK is a technology of a so-called of zero-knowledge cryptography. TRON Foundation and its founder Justin Sun seem to be starting to get it. Reportedly, Sun...

An office representing the Fidelity Investments firm (based in the U.S.) has opened its doors to the Europeans. On December 16, the U.K. based entity started giving hedge funds, family offices, and fund managers across the EU a possibility to buy or sell digital assets.In an interview for FNL, Michael O’Reilly, COO at Fidelity Digital Assets, have said that the company won’t even have to pass through additional law procedures:“We’ll make sure that we’re compliant with any UK or any other...

In what seems like a perfect match, Accenture has entered into a working relationship with a blockchain startup TradeIX to begin onboarding service for clients onto the Marco Polo Network. Sources have indicated that the relationship between the two entities began after Accenture made a yet-to-be-known investment in TradeIX. Accenture will provide specific use-case scenarios that go beyond their traditional banking services to provide unique solutions that involve trade finance for clients...

American financial services and holding company State Street Corporation has announced a new partnership with the Gemini crypto exchange and custodian firm, to test a new product that will perform reporting scenarios on digital assets held in custody with Gemini.According to the official State Street press release, the trial is the first of its kind and will first report on custody held on only two digital assets, citing issues with liquidity. The plan, however, is that the pilot will later...

In what has been seen by many in the crypto space as a win, the open interest of the Bitcoin futures platform Bakkt has reached new all-time highs. Sources indicate that this occurred yesterday and that this shows fresh inflows from new entrants into the Bitcoin marketplace. Twitter’s BakktBot has further put the open interest at $7.02 million which shows strong trading activity on the Intercontinental Exchange-managed platform and also greater liquidity within the Bitcoin futures market in...

In yet another major sell-off Bitcoin price crashed below its crucial support of $7000 on Monday, December 16. As per blockchain researcher Chainalysis, this dumping is part of another major scam brewing in the crypto industry.In its report, Chainalysis mentions a China-based Ponzi scheme PlusToken which is dumping its crypto holdings to cash out. PlusToken, a cryptocurrency wallet, trapped investors by promising high returns to those purchasing their native PLUS cryptocurrency against...