Latest Forex News

VCTRADE run by SBI Holdings available for everyone now
17 July, 2018 13:33

VCTRADE run by SBI Holdings available for everyone now

The first bank-backed trading platform dealing with cryptocurrencies – VCTRADE – is now opened to the public. The exchange is run by the financial behemoth from Japan, SBI Holdings. For reference, the holding voiced plans to enter the crypto trading market in 2016. The project was launched last month, but only a limited number of pre-registered users could use its services. 

Binance and KuCoin announce regular tokens burning
17 July, 2018 12:12

Binance and KuCoin announce regular tokens burning

Hong Kong-based cryptocurrency trading platform Binance will carry out the regular quarterly burning of its token – Binance Coin, BNB. The company founder and CEO stated that the exchange would announce the date soon after completion of the assessment. The white paper reads that the platform will spend some 20% of the revenue for buying out...

Coinbase acquires broker-dealers and starts listing security tokens
17 July, 2018 11:25

Coinbase acquires broker-dealers and starts listing security tokens

The US Securities and Exchange Commission and the Financial Industry Regulatory Authority have reportedly permitted Coinbase to list tokes that can be classified as securities. Coinbase has become able to acquire three broker-dealers –  Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

Bithumb to open branches in Japan and Thailand
16 July, 2018 16:21

Bithumb to open branches in Japan and Thailand

South Korea's Bithumb, one of the leading cryptocurrency exchanges, targets Thailand and Japan. For now, the company takes all required measures to get permission for business in these countries, following its plan for the global expansion. Bithumb is in talks with the Thai Securities and Exchange Commission.

Line opens crypto exchange in Singapore
16 July, 2018 14:31

Line opens crypto exchange in Singapore

The Asian messenger Line has inaugurated Singapore-based crypto trading platform – Bitbox. The company announced the plans for the new exchange back in June. According to the news reports, the platform will trade 28 digital coins (in particular, Bitcoin, Ethereum, Tether, Ripple, Litecoin, Ethereum Classic, Bitcoin Cash, etc)...

South Africa-based Purple Group adds cryptocurrencies to trading platform
16 July, 2018 13:06

South Africa-based Purple Group adds cryptocurrencies to trading platform

A leading financial company in South Korea –  Purple Group – reportedly listed Bitcoin and Ethereum on the GT247.com. The coins can be bought for fiats. The company has decided to add two leading digital coins citing strong demand from the users. At the same time, earlier Purple Group has been trading without cryptocurrencies, so...

US dollar practically at half-year peak vs yen
16 July, 2018 11:53

US dollar practically at half-year peak vs yen

The US dollar weakened against the euro on Monday, though it posted further upturn against the Japanese currency. Investors studied the GDP figures in China in Q2 and waited for the US economic reports. This week, the market will pay attention to the reports of the US Federal Reserve Chairman, Jerome Powell.

Crypto miners get new payroll scheme for electricity supplies in New York state
13 July, 2018 15:02

Crypto miners get new payroll scheme for electricity supplies in New York state

The authorities in the New York state accepted the new power supply scheme for crypto miners. With the new rules, miners who are interested in placing capacities in the state will be able to discuss contract terms with the regulators individually. Just four months ago the state authorities reportedly allowed power suppliers to set higher costs to the miners as compared to other consumers.

China-based OKCoin about to launch fiat-to-crypto business in USA
13 July, 2018 14:02

China-based OKCoin about to launch fiat-to-crypto business in USA

OKCoin, the exchange dealing with cryptocurrencies, has announced a US-based division for fiat-to-crypto trading. The platform will support US dollar and some leading digital coins. The company has stated that the new offering is already in progress. For now, clients can deposit or withdraw funds in the US dollar terms.

Yen and euro down against US dollar
13 July, 2018 12:11

Yen and euro down against US dollar

The Japanese yen is losing grounds against the US dollar on Friday, falling down to almost half-year bottom. For now, the stock market upturn bolsters demand for the risk, though the US-China trade conflict persists. The yen weakening is reportedly explained by the fact that the fruits from safe-haven status are gradually fading away. 

Binance participates in first ever decentralized bank project
13 July, 2018 11:05

Binance participates in first ever decentralized bank project

The major crypto exchange – Binance – reportedly announced investments into the project of the regulated bank Founders Bank in Malta. The bank will be financed by crypto investors. The company spokesperson stated that it has 5% stake in the new bank with EUR 133 ($155 million) pre-money valuation, like other main investors.

Cryptocurrencies directed downwards
12 July, 2018 17:47

Cryptocurrencies directed downwards

Prices for the main cryptocurrencies are generally down on Thursday. On the Bitfinex, Bitcoin plunged to some $6.184, followed by Ethereum priced on this platform at $429.85. Bitcoin has remained depressed lately and lost more than 70% after touching the peak of $20,000.