Bakkt is pursuing self-certification as a licensed bitcoin custodian, as it looks to obtain CFTC approval for the launch of its physically backed BTC futures contracts. The Intercontinental Exchange (ICE) is reportedly taking steps to ensure approval from the United States Commodity Futures Trading Commission (CFTC) for its bitcoin futures contracts platform — Bakkt. ICE, […]
Continue Reading
European crypto exchange Bitstamp hired a former Coinbase and Barclays executive as head of United States operations. European crypto exchange Bitstamp has appointed a former Coinbase executive as head of United States operations, Finance Magnates reports on May 8. Bitstamp, an entrant of the top 50 crypto trading platforms by daily trading volume, has hired […]
Continue Reading
Stablecoin tether is apparently only backed 74% by cash reserves, and Elon Musk and Vitalik Buterin get friendly on Twitter. Top Stories This Week Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers According to documents released by USD stablecoin tether’s (USDT) lawyers, the company behind the stablecoin only has enough fiat […]
Continue Reading
Following media reports in late April, Chicago-based cryptocurrency exchange ErisX has launched spot trading. Chicago-based crypto exchange ErisX has officially announced the public launch of its spot market, the firm tweeted on April 30. The ErisX spot exchange is the first part of the company’s development of a single platform that will represent both a […]
Continue Reading
After seeing small gains yesterday, bitcoin dropped below the $5,300 support while U.S. stocks hit all-time highs. Monday, April 29 — after seeing moderate gains yesterday, crypto markets have tumbled at press time, with most of the top 20 coins by market cap in the red. Bitcoin cash (BCH), the fourth top crypto by market […]
Continue Reading
Bitcoin Generation’s suspension comes amid concerns about the validity of information about its business practices. The United States Securities and Exchange Commission (SEC) has temporarily suspended trading in the securities of crypto exchange Bitcoin Generation, the government agency announced on April 29. In a statement, the SEC said the suspension will be effective from 9:30pm […]
Continue Reading
Intercontinental Exchange (ICE)-lead institutional cryptocurrency trading platform Bakkt has аcquired a crypto custodian service. Intercontinental Exchange (ICE)-lead institutional cryptocurrency trading platform Bakkt has аcquired a crypto custodian service, the firm announced on April 29. In a blog post, Bakkt announced a number of new measures in its apparent effort to stimulate regulatory feedback, including the […]
Continue Reading
The regulatory endorsement allows users to trade startup shares after acquisition. SeedInvest, the equity crowdfunding platform owned by crypto-friendly payment giant Circle, has gained approval to offer secondary shares trading, crypto industry news outlet The Block reported on April 26. The platform, which Circle bought out for an undisclosed sum in March this year, can […]
Continue Reading
The broker’s acquisition of Coincheck and the crypto bear market appeared to weigh on overall performance. Japanese online broker Monex Group is planning to start trading in their United States cryptocurrency exchange in July, CEO Oki Matsumoto said on April 25, according to Cointelegraph Japan. The spin-off, currently dubbed TradeStation Crypto, would serve semi-professional traders […]
Continue Reading
Payments services firm Bitspark is releasing a cryptocurrency pegged to the Philippine Peso dubbed “peg.PHP.” Payments services firm Bitspark is releasing a cryptocurrency pegged to the Philippine peso (PHP). The development was announced in a press release shared with Cointelegraph on April 25. Bitspark, a blockchain-based bankless money transfer solution, will launch a PHP pegged […]
Continue Reading