Tag: News

OKCoin Founder Buys Hong Kong-Listed Firm in $60 Million Deal

OKCoin Founder Buys Hong Kong-Listed Firm in $60 Million Deal

Coin Desk
Mingxing “Star” Xu, the founder of cryptocurrency exchange OKCoin, has become the largest individual shareholder of a public company listed in Hong Kong via a $60 million acquisition. LEAP Holdings Group, the construction engineering firm acquired, announced the competed deal on Wednesday. OKC Holdings Corp, the parent company of OKCoin, purchased about 3.2 billion shares of the company for HK$0.15 (around $0.02) per share to achieve the takeover, it said. OKC Holdings is now the largest shareholder of LEAP Holdings, owning 60.49 percent of its stock and having the same percentage of voting rights. As a result, the exchange is a step closer to a possible back-door listing on the Hong Kong Stock Exchange (HKEX). Xu holds the majority stake in OKC Holdings with 52.32 percent ownership throug
Hyperledger Launches Framework to Help Developers Deliver Blockchain-Based Supply Chain Solutions 

Hyperledger Launches Framework to Help Developers Deliver Blockchain-Based Supply Chain Solutions 

BLOCKCHAIN, BTC MANAGER
Hyperledger, a collaborative project focused on advancing cross-industry blockchain technologies, has announced the creation of Grid, a framework aimed at enhancing the development and delivery of distributed ledger technology (DLT)  powered solutions for the supply chain ecosystem, according to a press release on January 22, 2019. Hyperledger Grid Framework Goes Live While distributed ledger technology has proven over time that it has much to offer to the global financial industry, the supply chain is another critical area of the economy where the burgeoning technology is fast gaining traction. With Grid, Hyperledger has now offered shared, open, and reusable tools to make life easier for developers creating relevant blockchain solutions The team says Hyperledger Grid seeks to assemble
Coinbase Unveils Services for High-Volume Crypto Investors in Asia and Europe

Coinbase Unveils Services for High-Volume Crypto Investors in Asia and Europe

BITCOIN, BTC MANAGER
On January 22, 2018, Coinbase, the American cryptocurrency exchange, announced the launch of new trading and custody services for Coinbase Prime and Coinbase Pro which will allow high-volume investors in Asia and Europe to trade virtual currencies, make cross-border payments, and store digital assets in its cold storage. Coinbase Leading the Crypto Revolution On its blog, Coinbase revealed the launch of new features and services for its suite of products such as Coinbase Pro, Coinbase Prime, and Coinbase Custody which can be used by high-volume investors in Asian and European regions. According to the exchange, as from January 22, 2019, Coinbase Prime customers in either continent can use its professional trading platforms to deposit, withdraw, and trade USD for virtual currencies. At the ...
New Exchange Claims It Can Tokenize Shares of AirBnb, Uber, SpaceX

New Exchange Claims It Can Tokenize Shares of AirBnb, Uber, SpaceX

Coin Desk
Crypto startups Zilliqa and MaiCoin have teamed up to create a centralized security token exchange in Singapore that will apply blockchain technology to the trading of traditional asset classes. Launched today, Hg Exchange aims to act as a “one-stop solution” for token issuers, buyers, sellers and market makers, providing participants access to privately held shares and security tokens. Hg claims to be the first “member-driven exchange” in southeast Asia seeking to merge the traditional finance industry with the nascent crypto space, meaning any participants in the platform must go through the licensed financial intermediaries attached to the exchange. Further, the exchange said it hopes to provide investors access to both new ventures and established, closely held tech giants: “It is envi
Coinquista and BitClude Secure Cryptocurrency License from Polish Regulator

Coinquista and BitClude Secure Cryptocurrency License from Polish Regulator

BLOCKCHAIN, BTC MANAGER
On January 21, 2019, the Polish Financial Supervision Authority (KNF) has granted two bitcoin-linked firms, Coinquista  and BitClude, licenses. Two Polish Crypto Exchanges Get Lucky Per sources close to the matter Coinquista and BitClude, two Polish firms offering clients cryptoassets exchange services, a functional wallet, and more, have been granted a license by the state’s financial watchdog, the KNF. As stated in the KNF circular, the new license makes it legal for both firms to offer its Polish customers a vast array of payment-related products and services including cash deposits and withdrawals, as well as other banking transactions like funds transfer and direct debits among other operations. Although the license failed to state explicitly whether the firms are allowed to render c
US Government Shutdown Derailed Bitcoin ETF Talks, Says VanEck CEO

US Government Shutdown Derailed Bitcoin ETF Talks, Says VanEck CEO

Coin Desk
A closely-watched proposal to list a bitcoin exchange-traded fund on the Cboe BZX Exchange was withdrawn Wednesday – and the ongoing partial shutdown of the U.S. government appears to be to blame. As CoinDesk reported, the filing was “temporarily withdrawn”, according to VanEck VanEck director of digital asset strategy Gabor Gurbacs. He also said that “we are actively working with regulators and major market participants to build appropriate market structure frameworks for a Bitcoin ETF and digital assets in general.” But Jan van Eck, the chief executive officer of VanEck, indicated on CNBC Wednesday that the shutdown’s impact on the Securities and Exchange Commission (SEC) hampered the process between regulators and those seeking the ETF’s approval. According to van Eck, the discussions a

Lawmakers Pitch New Crypto Tax Payments Bill in New Hampshire

Coin Desk
A pair of New Hampshire lawmakers filed a bill this month that, if approved, would let state-level agencies accept cryptocurrencies as payment, including the state’s tax office. Representatives Dennis Acton and Michael Yakubovich introduced House Bill 470 on Jan. 3, which seeks to require New Hampshire’s state agencies accept cryptocurrencies for taxes and other fees through a third-party entity. If passed, the bill would give the state treasurer until Nov. 1, 2019 to develop a plan for these agencies to begin integrating such payments. Under current New Hampshire regulations, only U.S. dollars may be accepted by state agencies for payments at present, and any other currencies used would be returned to the sender. If the bill passes, it would allow these agencies to accept an undetermined
New Indicators Show Bitcoin Gearing up for Short-Term Rally

New Indicators Show Bitcoin Gearing up for Short-Term Rally

BITCOIN, BTC MANAGER
The GTI Global Strength Technical Indicator for Bitcoin is suggesting that Bitcoin’s price could be stabilizing and could even be heading towards a short-term rally, Bloomberg reported on January 22, 2019. Bitcoin’s Price Approaches Oversold Despite the overwhelmingly negative predictions made about the cryptocurrency market, it seems that the new year has some much-needed stabilization to the troubled sector. According to Bloomberg, Bitcoin’s price is slowly stabilizing and could even be heading towards a short-term rally. The report cited the GTI Global Strength Technical Indicator, which showed that Bitcoin is nearing oversold levels – clocking in at 35.6. The numbers are the lowest the cryptocurrency has seen since December, as Bitcoin now appears to be stabilizing at around $3,500. Th

Popular Cryptocurrency Exchange Seeking First US Public Listing

BITCOIN
According to a new report, Bithumb – one of the more popular cryptocurrency exchanges, is eyeing a public listing in the US. In order to accomplish this, the company will go through a reverse merger process. Bithumb to Go PublicSingapore-based Bithumb, one of the popular cryptocurrency exchanges, may become the first publicly listed cryptocurrency exchange in the US, according to a new CNBC report.Blockchain Industries, which is a publicly traded company in the US, has signed a binding letter of intent with BTHMB, which will be renamed to Blockchain Exchange Alliance (BXA).This is a process which is referred to as a reverse merger. It’s known to be a faster alternative for companies which seek to go public compared to the conventional initial public offering (IPO).CNBC cites unnamed source
Cboe Exchange Withdraws Proposal for VanEck-SolidX Bitcoin ETF

Cboe Exchange Withdraws Proposal for VanEck-SolidX Bitcoin ETF

Coin Desk
The Cboe BZX Exchange has withdrawn a proposed rule change that, if approved, would clear the way for a bitcoin exchange-traded fund (ETF) backed by VanEck and SolidX. In a notice published Wednesday, U.S. Securities and Exchange Commission (SEC) deputy secretary Eduardo Aleman wrote that the Cboe BZX Exchange had pulled its proposed rule change, which would have allowed it to list shares of the VanEck SolidX Bitcoin Trust if approved. The exchange filed its withdrawal on Jan. 22. The proposal was filed last June, when VanEck, an investment firm, teamed up with financial services provider SolidX to provide a physically-backed bitcoin ETF to the market (other such proposals have relied on bitcoin futures contracts, rather than the cryptocurrency’s price itself). The SEC delayed any decision