Tag Archives: Exchange News

Coinbase is filing an IPO (initial public offering). The largest cryptocurrency exchange in the United States has decided to go public right as bitcoin is hitting a new high of roughly $22,700 at the time of writing prompted by growing institutional investor interest.Coinbase Is Hitting the Big TimeThe company has filed the appropriate paperwork with the Securities and Exchange Commission (SEC). The governing agency is now engaged in reviewing the documents to ensure all is in order before...

SBI Financial Services – a company associated with Japanese monetary group SBI Holdings Inc. – has garnered ownership of the cryptocurrency trading enterprise B2C2 based in the United Kingdom.SBI Financial Services Now Owns B2C2SBI Financial Services is now set to become one of the first major financial firms to monitor and operate a cryptocurrency dealing desk, though the specific terms of the acquisition have not been divulged at the time of writing.In many ways, Japan has been a serious...

It looks like the amount of bitcoin being held on digital exchanges is beginning to fall to record lows. The world’s number one cryptocurrency by market cap has shot past the $19,000 mark again, and it appears people are beginning to sell. Thus far, the amount of bitcoin held on exchanges has fallen by more than 20 percent this year.Bitcoin Is Being Sold OffThe currency, despite doing well at the time of writing, has encountered a few ups and downs in the last few weeks, experiencing a couple...

As the demand for cryptocurrency custody services grows, more companies are looking for ways to safely protect users’ crypto funds and prevent them from falling into the wrong hands. Companies such as the Northern Trust Corporation, which thanks to a recent partnership with Standard Ventures, is unveiling a new platform known as Zodia Custody that’s designed to bring institutional-level custodial services to clients with crypto stashes.Zodia Custody Brings That Extra Layer of ProtectionOne of...

Abra Inc. is bringing its clients a whole new cryptocurrency market that will allow them to compare prices and buy more than 600 separate types of cryptocurrency from single locations. The platform is designed to be global, meaning it can be accessed by traders and crypto fans from virtually all points of the world.Abra Is Allowing Customers to Compare Crypto PricesAbra – which was founded roughly six years ago in 2014 – initially started out as a peer-to-peer cryptocurrency remittance...

The crypto space and the traditional banking space appear to be one and the same as of late. There have been several crypto-based companies that are seeking to either establish their own banks or establish themselves as banks, and Paxos Trust – the official crypto partner of digital payment system PayPal Holdings Ltd. – is the latest firm to travel this route.Paxos Trust Is Trying To Become a Little MoreThe company has recently submitted paperwork with the Office of the Comptroller of the...

Crypto.com – which issues a digital currency-based credit card to its customers – has been given the greenlight to fully work and issue its services in Australia, meaning customers of the Great Outback can potentially begin to utilize digital currencies to pay for goods and services the way they would with cash or standard payment methods.Crypto.com Is Bringing All Its Services to AustraliaWhile the crypto credit card offered by the company is the company’s primary staple, the firm provides a...

Bitso – a cryptocurrency exchange backed by Ripple – has completed a funding round that saw more than $62 million raised for the trading platform. The round was led by some of the largest venture capital firms out there including QED Investors and Kaszek Ventures.Bitso Is Bigger Than EverBitso is based in Mexico, and the company has announced that it plans to use the money it’s earned to expand its horizons across all Latin America, which is becoming a heavy hub for crypto activity in recent...

Alexander Vinnik – a Russian man accused of laundering bitcoin funds and for allegedly taking part in multi-million dollar cryptocurrency fraud – has been sentenced to five years in a Paris prison and is also being ordered to pay more than $120,000 in penalties.Vinnik Ordered to Prison; Will Also Pay FinesThe case involving Vinnik goes back several years. After working at the now defunct cryptocurrency exchange BTC-e, Vinnik was accused of developing a new kind of cryptocurrency malware known...

Van Eck Associates Corp. has introduced a bitcoin exchange-traded note on a German crypto exchange. The trading platform is known as the Deutsche Boerse Xetra Exchange, and the company is trying to take advantage of the crypto wave that has been swelling and getting higher over the past few months.Van Eck Continues to Move ForwardVan Eck has always been there to push bitcoin when people most need it. Last year, the company was widely considered the frontrunner when it came to getting a...