Author: Urban
Page: 16
Binance Invests $3 Million in US Crypto Trading Desk
Big news came from Binance this week, as their venture wing announced a significant investment in US over-the-counter (OTC) crypto trading desk Koi Trading. Binance and Koi Trading In a press release yesterday, Binance Labs revealed that it had made a $3 million investment into Koi Trading, a small sum for the world’s largest cryptocurrency exchange, but a notable […]
Cryptocurrency Exchange Huobi Creates Communist Party Committee in China
Huobi Group has created a Communist Party committee, making it the first blockchain based company to do so in China, the South China Morning Post reports. The committee was created through a Huobi subsidiary called Beijing Lianhuo Information Service, which was registered as a business earlier this year, owned by Li Lin, the founder of Huobi. […]
India to [Finally] Draft Cryptocurrency Regulations in December: Report
After years of ambiguity, the Indian government might, at last, reveal a regulatory draft for the cryptocurrency sector in the country before the turn of the year. A panel tasked by India’s finance ministry to regulatory norms and guidelines for domestic cryptocurrency trading and the blockchain industry is set lay bare its draft next month, […]
Crypto Hedge Funds are Going to Start Shutting Down: Morgan Creek
The depths of this year’s cryptocurrency bear market evidently show significant signs of further trouble. According to notable crypto figure and Morgan Creek Digital founder Anthony Pompliano, significant price drawdowns this year could lead to crypto hedge funds closing up shop soon. Hedge Funds CCN reported today of Bitcoin dropping below $5,000 in price, the lowest price […]
Mark Zuckerberg Loses $17.4 Billion, He’s Not the Only One
Facebook founder and CEO Mark Zuckerberg has lost $17.4 billion, suffering from Facebook’s reputation and share price this year. He’s not the only billionaire to lose out in 2018, but he’s currently the most famous and has certainly lost more than any other. Zuckerberg has dropped from being the third-richest person in the world to becoming the […]
South Korea’s Zeniex Exchange to Shut Down After Less Than 6 Months
Barely five months after Zeniex was launched, the South Korean cryptocurrency exchange is closing shop. The exchange, which was unveiled in May, has disclosed that it will cease all operations on November 23. Zeniex blamed the development on the problems facing its ZXG token. “… with recent issues regarding ZXG, we have gone through great […]
$14 Billion Wiped Out of Crypto Market as All Major Assets Plunge in Value
Over the past 24 hours, more than $14 billion has been wiped out of the crypto market as Bitcoin (BTC) dropped by five percent. Bitcoin, the most dominant cryptocurrency in the market in terms of price, market cap, and volume, demonstrated the smallest loss out of all major cryptocurrencies. Bitcoin Cash (BCH), Ethereum (ETH), Ripple […]
World’s First Crypto ETP Gets Green Light in Switzerland
2100NEWS INTERVIEW WITH SIX SWISS EXCHANGE: The SIX Swiss Exchange has given the go-ahead to an exchange-traded product tracking multiple cryptocurrencies, according to a Financial Times report. The Swiss regulators have raced ahead of the U.S., by agreeing to greenlight the Amun Crypto Exchange Traded Product (ETP). Based on the reports, the Amun Crypto […]
Singaporean Crypto Exchange KuCoin Raises $20 Million Series A
Singaporean crypto trading platform KuCoin has announced the successful conclusion of a $20 million Series A funding round led by IDG Capital, Matrix Partners and Neo Global Capital. According to a statement released on November 14, the investment in KuCoin, which already boats some 5 million registered users is intended to enable the platform to “create more […]