Tagged: btc

March 12, 2020 @ 2:39 pm By Omar Faridi  |  

Equity crowdfunding continues to fill the gap for startups looking to raise capital. Malaysia-based LuxTag, an anti-counterfeit, track and trace, and anti-theft solution provider, recently secured $360,000 in funding, with 51% of the capital denominated in Bitcoin (BTC) and NEM blockchain project’s native token, XEM. … Read More

March 7, 2020 @ 6:40 pm By Omar Faridi  |  

The Federal Financial Supervisory Authority of Germany (BaFin), the nation’s financial regulator, is suspending the operations of a firm known as KKT UG from Berlin, which allowed users to purchase and sell digital currencies via ATMs. As BaFin noted on March 4, 2020, Adam Gramowski,… Read More

March 5, 2020 @ 5:18 pm By Omar Faridi  |  

Matrixport, a financial services firm owned by billionaire Jihan Wu, co-founder of giant crypto mining firm Bitmain, is reportedly planning to secure $40 million in capital at a post-investment valuation of $300 million. According to Bloomberg, which cited sources familiar with the matter, Matrixport’s management… Read More

March 4, 2020 @ 10:13 pm By Omar Faridi  |  

MakerDAO, the leading decentralized finance (DeFi) platform, has teamed up with Simplex, a digital payment processor, in order to develop a fiat on-ramp for Maker’s Dai (DAI), which is the first decentralized stablecoin (digital currencies pegged one-to-one with major fiat currencies or other real-world assets)…. Read More

March 3, 2020 @ 6:34 pm By Omar Faridi  |  

Amstelveen, Netherlands-based KPMG, a leading professional services and accounting firm, argues that owning crypto assets is still considered a high risk investment by institutional clients. The Big Four auditing firm recently shared a report with Bloomberg, noting that, since 2017, over $9.8 billion worth of… Read More

February 29, 2020 @ 2:30 pm By Omar Faridi  |  

LINE, a Japan-based messaging service provider, has reportedly closed down its Singapore-headquartered crypto exchange BITBOX and has launched a globally accessible platform, BITFRONT. Headquartered the US, BITFRONT is run by LVC USA, which is a subsidiary of LVC Corporation, a company that manages LINE’s digital… Read More

February 27, 2020 @ 8:41 am By Omar Faridi  |  

San Francisco-based Square, Inc. (NYSE:SQ), a payment and mobile financial service provider, has released its Q4 2019 earnings report, which notably highlights a record-breaking quarter for Bitcoin (BTC)-related transactions. Square’s management revealed that the company handled over $178 million in BTC purchase volumes during the… Read More

February 23, 2020 @ 6:00 pm By Omar Faridi  |  

Amsterdam-headquartered BUX, a retail brokerage company, confirmed recently that it will be introducing the “soft launch” version of its cryptocurrency trading platform during the first week of next month. However, the Dutch Fintech firm says it’s not aiming for fast customer acquisition. Called “BUX Crypto,”… Read More

February 21, 2020 @ 7:07 am By Omar Faridi  |  

The Fidelity Center for Applied Technology (FCAT), which is a part of Fidelity Labs, the financial giant’s incubator for Fintech startups, is reportedly looking for Bitcoin (BTC) mining engineers for a “new business opportunity.”  The proposal has been put forward by the team working at… Read More

February 20, 2020 @ 7:30 am By Omar Faridi  |  

Paxful, a leading peer-to-peer (P2P) Bitcoin marketplace, revealed that it processed more than $1.6 billion worth of global trading volume last year. India’s digital assets industry has been experiencing major challenges as the nation’s central bank, the Reserve Bank of India, has prohibited local banks… Read More

February 16, 2020 @ 10:07 am By Omar Faridi  |  

India-based CoinDCX, a leading digital asset exchange and liquidity aggregator, recently confirmed that it has teamed up with major multinational crypto-asset trading platform for futures and derivatives, OKEx.  As noted in a press release shared with Crowdfund Insider: “With this partnership, OKEx will gain access… Read More

February 14, 2020 @ 9:51 am By Omar Faridi  |  

The developers of the Suterusu protocol are presently working on a scalable, privacy-preserving second layer solution for secure digital asset management. Any crypto-asset, including Bitcoin (BTC) and Ether (ETH), may soon be used to conduct fully anonymous transactions using the Suterusu protocol. Suterusu’s technology, ZK-ConSNARK,… Read More

February 13, 2020 @ 5:25 am By Omar Faridi  |  

Gate.io, a Malta-based blockchain-based digital asset exchange company, reportedly reached a $400 million in trading volume mark on its perpetual contracts platform, which is a new high for the firm this year.   Gate.io’s management has confirmed that the price accuracy of perpetual contracts settled in… Read More

February 12, 2020 @ 10:54 am By Omar Faridi  |  

Joshua B. Sterling, the Commodity Futures Trading Commission (CFTC), Director of the Division of Swap Dealer and Intermediary Oversight (Division), or DSIO, confirmed on February 10, 2020, that it recognizes that the US Commodities and Futures Commission (CFTC)-licensed companies are “often at the forefront in… Read More

February 9, 2020 @ 4:05 pm By Omar Faridi  |  

BISON, the digital asset trading mobile app created by a subsidiary of Germany-based stock exchange, Börse Stuttgart, recently revealed that it has now onboarded more than 81,000 users during its first year of operations. Börse Stuttgart’s cryptocurrency trading venture also confirmed its plans to add… Read More

February 8, 2020 @ 9:54 am By Omar Faridi  |  

Bitcoin Depot, one of the world’s fastest-growing multi-cryptocurrency ATM networks, announced on February 6, 2020, that it’s expanding its services to more than 500 ATMs, globally. This move will notably make Bitcoin Depot the largest blockchain ATM network in the world. The firm recently surpassed… Read More

February 7, 2020 @ 8:15 am By Omar Faridi  |  

Nearly $1 billion is now locked up into the evolving decentralized finance (DeFi) ecosystem, according to data site DeFi Pulse. The site tracks major Ethereum-based lending protocols including Maker, a projected managed by the Maker Foundation, a non-profit organization that supports the MakerDAO initiative, which… Read More

February 6, 2020 @ 8:10 am By Omar Faridi  |  

Lightning Labs, a company focused on the development of the Lightning Network (LN), a second-layer scalability solution for expediting small Bitcoin (BTC) payments, has reportedly  finalized a $10 million Series A investment round – which was led by Craft Ventures. Ribbit Capital, RRE Ventures, Slow… Read More

February 5, 2020 @ 10:20 am By Omar Faridi  |  

BitGo, a leading digital asset custodian which holds $2 billion worth of cryptocurrency on behalf of its clients, has teamed up with SettleBit, a financial services provider, in order to allow institutions to conduct trades directly from their BitGo accounts. Established in 2013, BitGo provides… Read More

February 4, 2020 @ 5:02 pm By Omar Faridi  |  

Stephen Pair, CEO at BitPay, a leading cryptocurrency payments processor, recently revealed that the platform will begin supporting additional digital assets. Pai confirmed that BitPay was also looking into integrating the Lighting Network (LN), a protocol for a layer-two payments network aimed at expediting Bitcoin… Read More