Tag Archives: Bitcoin Businesses

Bitfinex Reopens Deposits but Stays Silent About Bank Arrangements

Cryptocurrency exchange Bitfinex confirmed it has reopened fiat currency deposits for all users October 16th, while remaining secretive about changes in its banking relationships. ‘New, Improved And Increasingly Resilient’ In a blog post, the exchange, which on Thursday began restricting deposits for certain users, said it had finished implementing what it described as “a new, improved and increasingly… Read More »

Bakkt CEO: We’re About To See A Cryptocurrency Revolution

The CEO of Intercontinental Exchange’s (ICE) forthcoming cryptocurrency trading platform Bakkt has said she wants to deliver a “revolution” in the sector in a similar way to energy trading fifteen years ago. Crypto ‘Revolution’ Matches Early 2000s Energy Market Speaking to Fortune following news Bakkt had hired former Coinbase vice president Adam White as COO, Kelly Loeffler forecast… Read More »

Barclays Puts Its Cryptocurrency Trading Platform ‘On Ice’

London-based multinational investment bank agiant Barclays has reportedly halted work on its cryptocurrency trading project. Barclays Stops Cryptocurrency Trading Project  One of the leading multinational investment banks Barclays has put its work on a cryptocurrency trading project to an end or “on ice,” Financial News London reports, citing two people familiar with the matter. Earlier this year, the bank had… Read More »

Bitfinex Vows to End Deposit Freeze as ‘Stablecoin’ Tether Falls Below 90 Cents

USD-backed stablecoin Tether (USDT) fell below $0.90 on Bitfinex as concerns over its reserves forced traders to buy Bitcoin and other digital assets.  Tether Drops 5 Percent While Major Assets Jump Data from Coinmarketcap shows a sudden fall in USDT 00, countered by a 5 percent rise in the price of Bitcoin (BTC) 00, coinciding with news that… Read More »

Bitmain Adds 5 New Billionaires to China’s Wealthiest List

China’s latest rich list for 2018 sees five billionaires joining China’s wealthiest for the first time thanks to Bitmain’s market lead on cryptocurrency mining. The Hurun Research Institute 2018 Hurun Rich List now includes Bitmain’s founders, CEO and Vice President. The five have a combined wealth equalling nearly $9 billion USD. Bitmain Billionaires Though Jihan Wu is the… Read More »

South Korean Exchange Bithumb Sells To Singapore Investor For $353 Million

Bithumb, South Korea’s largest cryptocurrency exchange by volume, has sold to a Singapore entity with the aim of releasing new services and stablecoins.  Officials Finalize Majority Stake Deal As Korean news outlet Naver reports October 12, BK Global Consortium paid 400 million won ($353 million) for a majority stake in Bithumb, having previously held a minority position in… Read More »

Coinbase Pro Adds 0x (ZRX) Token Ahead of Mass Rollout

US cryptocurrency exchange and wallet provider Coinbase confirmed it would open trading for decentralized Ethereum token trading platform 0x’s native ZRX token on Coinbase Pro. Coinbase Opens ZRX Deposits In a blog post and tweet, officials revealed ZRX would fast go live on the Coinbase Pro professional trader platform, with Coinbase.com and apps to follow later. As of… Read More »

OKCoin USA Will Issue Chinese Yuan Stablecoin, Says CEO Star Xu

The founder of Chinese cryptocurrency exchange OKCoin confirmed its US sister operation, OKCoin USA, will issue a stablecoin backed by the Chinese yuan (RMB). Xu: Stablecoin Will Be ‘Fully-Compliant’ In a series of tweets, Star Xu, who also founded both platforms’ parent company, OKGroup, delivered a highly bullish forecast on the future of the stablecoin market — which is… Read More »

Samourai Prepares for Internet-Free Bitcoin Transactions With TxTenna Launch

Bitcoin wallet Samourai Wallet will in future offer Bitcoin transactions without the internet thanks to a partnership with mesh network goTenna. ‘You Don’t Need the Internet to Use Bitcoin’ TxTenna, which expects to launch “imminently,” uses goTenna’s network of mesh nodes to confirm payments via the Bitcoin blockchain. A transaction is bounced around the network of nodes until… Read More »

First Fiat-to-Cryptocurrency Exchange Set to Launch in Singapore

Southeast Asia will purportedly see its first fiat-to-cryptocurrency exchange launching in Singapore. The venue is intended to make digital currencies more accessible to both consumers and businesses. Fewer Barriers to Entry The first fiat-to-cryptocurrency exchange will launch in Singapore, attempting to facilitate easier entry to the cryptocurrency market for both businesses and consumers. EurekaPro, as the exchange is… Read More »