Hong Kong-based cryptocurrency exchange OKEx angered many traders last week with a controversial decision to force early settlement of Bitcoin Cash futures contracts. The exchange made the move without warning, altering the set terms of $135 million in futures contracts.
Singapore based digital asset exchange Kucoin has completed a $20 million Series A funding round with participation from IDG Capital, Matrix Partners and Neo Global Capital, according to a November 14 post to the company’s website.
SIX Swiss Exchange has received approval from Swiss regulators to list the world’s first multiple-cryptocurrency exchange-traded product, Amun Crypto ETP, according to a report from the Financial Times. The ETP will reportedly include five major cryptocurrency assets: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
Japan’s Financial Services Agency (FSA) has reportedly revealed plans to provide regulation of cryptocurrency wallet service providers, according to a report from Bitcoin News. The news comes just weeks after the agency granted self-regulatory status to the nation’s cryptocurrency industry.
Innovative Bitcoin rewards startup Lolli has reportedly raised $2.25 million in a recent funding round. The company attracted support from a variety of investors, including Bain Capital Ventures, Forerunner Ventures, and Version One.
Many prominent ICOs have renewed reason to feel anxious, after the Wall Street Journal reported November 15 that the U.S. Securities and Exchange Commission (SEC) has opened an investigation and issued subpoenas to Salt Lending Holdings Inc., who in August 2017 sold $50m in SALT tokens in an Initial Coin Offering (ICO) to be used as startup capital for their lending platform.
Nvidia Corp delivered a disappointing revenue forecast to investors on Thursday, while reporting lower-than-expected third-quarter sales. The news sent Nvidia share prices tumbling almost 17 percent, Reuters reports. In explaining the bad news, the company blamed the lingering ‘crypto hangover’ caused by the downturn in cryptocurrency mining demand for its products.
The Monetary Authority of Singapore and Singapore Exchange (SGX) recently announced the successful completion of Delivery versus Payment (DvP) prototypes designed to enable the settlement of tokenized assets on different blockchain platforms, according to a joint media release from the parties involved.
Binance CEO Changpeng Zhao recently said that the company continues to perform despite a 90% reduction in trading volume since the turn of the year.
A senior executive from Swiss fintech company X8 AG claims that Islamic scholars have certified the company’s digital currency as Sharia-compliant, according to a Monday report from Reuters.
The Colorado Division of Securities this week issued cease and desist orders to four companies conducting initial coin offerings (ICOs), instructing them to stop violating the Colorado Securities Act. According to a report on Colorado’s official website, state Securities Commissioner Gerald Rome has now issued twelve ICO-related orders based on alleged securities violations.
Zeniex exchange has said it will close its doors in the wake of the South Korean government targeting unregulated trading platforms, according to a Nov 9 post on the company’s site.
The Securities and Exchange Commission (SEC) has settled with EtherDelta founder Zachary Coburn for the charge of operating an unregistered national securities exchange, according to a Nov. 8 press release from the enforcement agency.
New Zealand cryptocurrency exchange Cryptopia is set to offer its New Zealand Dollar Token (NZDT) to customers once more from early 2019, according to the country’s News Room publication.
The Al Zarooni Group has partnered with US-based Crypto Bulls to launch the first registered cryptocurrency exchange in the United Arab Emirates, according to reports from Gulf Today and Asia Times. The parties have reportedly signed a memorandum of understanding for the venture, which will also involve collaboration with Gulf Coin Gold.
Bloomberg recently reported that Hinomaru Limousine Co. has partnered with Remixpoint Inc. to create a new service that will offer limo customers the option to pay for their rides using cryptocurrency. The report relied on unnamed sources, who suggested that a formal announcement would be made on Tuesday.
The African Digital Asset Framework Project (ADAF) was officially launched on November 2, with the goal of furthering the development of digital currency trading and commerce across the African continent, while building “digital bridges for trade and commerce among Pan-African communities.”
Brave’s Basic Attention Token (BAT) has begun trading on Coinbase Pro, according to a Friday November 2nd post on the Coinbase blog.
New Zealand’s innovation agency, Callaghan Innovation, has reportedly provided Auckland-based crypto trading platform Vimba with a $315,000 government grant, according to the Scoop news site. Vimba, which previously operated as MyCryptoSaver prior to its rebranding, has indicated that it will use the money to promote technological innovation and expand its offerings.
Tether Ltd, the company responsible for issuing dollar-backed USDT tokens, confirmed on Thursday via the Tether blog that it had established a $1.8 Billion banking relationship with Bahamas-based Deltec Bank & Trust Ltd.