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Two more companies get cryptocurrency license in New York
25 January, 2019 13:18

Two more companies get cryptocurrency license in New York

Two more companies have got greenlight for providing crypto trading services in New York state. Trading company Robinhood Crypto and ATM operator LibertyX reportedly obtained BitLicense from the local regulator this week. he authority considered and approved the application from the two companies dealing with cryptos. Robinhood Crypto is now able to provide services of trading seven coins, including bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Moreover, it is also authorised to offer a storage solution. LibertyX enables people to purchase cryptos via debit cards at the ordinary ATMs.

Huobi announces upgrade of HUSD service
25 January, 2019 12:11

Huobi announces upgrade of HUSD service

On January 24, Huobi cryptocurrency exchange announced the launch of the second version of the stablecoin trading – HUSD striving to cope with the growing stablecoin demand from users. The platform will suspend certain activities connected with the stablecoins for the solution upgrade to V 2.0. The updated version of the instrument is "on trial basis" beginning from the January 24.

US dollar weaker at Asian session, positive Brexit expectations boost sterling
25 January, 2019 11:20

US dollar weaker at Asian session, positive Brexit expectations boost sterling

The US dollar lost grounds at the Asian session on Friday. Specifically, weaker positions were recorded vs the euro following the yesterday's upturn driven by the ECB's Chairman message and downgraded GDP outlook in Germany. Today, the euro to US dollar exchange rate was recorded at $1.1326 during the session. For reference, the previous trading was closed at $1.1304 on Thursday.

Seed CX exchange: spot crypto trading service alive
24 January, 2019 17:51

Seed CX exchange: spot crypto trading service alive

The crypto trading platform Seed CX based in Chicago rolls out spot trading of BTC-USD pair for institutional investors with the derivatives regulated by US CFTC to be launched in the long run. Seed CX is actively attracting traders and large investors, which allegedly emphasize advantages of the platform in terms of legal compliance, quality of service, and trading mechanisms for institutional traders.

HKEX chief comments on IPO perspectives for crypto mining companies
24 January, 2019 17:27

HKEX chief comments on IPO perspectives for crypto mining companies

The CEO of the Hong Kong Stock Exchange (HKEX),  Charles Li Xiaojia stated that the crypto mining companies should not chase rainbows concerning a possible listing on HKEX during the World Economic Forum held in Davos. The companies that decide to file an IPO application must demonstrate firm market positions and sustainable business model.  Charles Li Xiaojia did not name the companies, though this comment followed to the question about his outlook for the crypto mining segment, including the application from Bitmain, as the local media quoted.

Zilliqa, MaiCoin target centralized exchange for tokenized shares trading
24 January, 2019 16:55

Zilliqa, MaiCoin target centralized exchange for tokenized shares trading

Zilliqa and MaiCoin expressed intentions to launch a joint centralized platform for trading tokenized traditional assets Hg Exchange with the headquarter in Singapore. The new platform will provide a full range of services for such users groups as token issuers, buyers, sellers and brokers. They will get access to both securities and security tokens.

VanEck Investment: request withdrawal - temporary measure, application to be refiled later
24 January, 2019 16:11

VanEck Investment: request withdrawal - temporary measure, application to be refiled later

Less than a day after CBOE reportedly withdrew the bitcoin-ETF proposal, one of the founders of the fund VanEck investment company stated that they would re-file the application with the US SEC. As Jan Van Eck, CEO at VanEck, stated in the interview to CNBC Wednesday, the main reason why the proposal was recalled was the fact that the US government experienced one of the longest shutdowns in its history. As a result, the suspension of the governmental work affected other US authorities.

Anchor Labs inaugurates institutional-level custodian project
24 January, 2019 14:38

Anchor Labs inaugurates institutional-level custodian project

Anchor Labs run by former security experts at Docker and Square Nathan McCauley and Diogo Monica reportedly rolled out a custodian solution Anchorage aimed at large investors. Anchor Labs managed to raise $7 million during the Series A funding round supported by the leading market players a16z (Andreessen Horowitz), Khosla Ventures, Max Levchin, Elad Gil, Naval Ravikant of AngeList, and Mark McComb of BlackRock. The new solution is mainly designed to cope with the safe keeping of cryptos.

Symbiont: Series B funding round completed with $20 million and Nasdaq in lead
24 January, 2019 13:53

Symbiont: Series B funding round completed with $20 million and Nasdaq in lead

Symbiont company has announced the completion of the Series B funding with $20 million investment results. The round was led by the market giant  Nasdaq Ventures along with  Galaxy Digital, Citi, Raptor Group. The total amount of attracted funds reached $20 million. As the company commented, the received funds will be spent "to accelerate deployments across multiple business verticals including Data Management, Mortgages, Private Equity, and Syndicated Loans."

UK to monitor security tokens and stablecoins
24 January, 2019 12:50

UK to monitor security tokens and stablecoins

The Financial Conduct Authority (FCA) of the United Kingdom has made a motion to classify crypto assets into three different categories with further application of the current legislation. The authority released the Guidance on Cryptoassets on January 23. Crypto assets bring potential risks for consumers and investors, as the regulator noted. The legal framework in the sector will enable companies to operate without violating the existing legislation.

SEC: CBOE rule change request to list VanEck-SolidX bitcoin-ETF withdrawn
24 January, 2019 11:39

SEC: CBOE rule change request to list VanEck-SolidX bitcoin-ETF withdrawn

CBOE has decided to withdraw its application for the rules revision. At the same time, this application could open the way for the launch of the bitcoin ETF of VanEck and SolidX. The regulator refused to comment on the reasons behind such move, though as some experts believe it quite possible that CBOE foresaw the rejection and thus decided to move in a proactive mode striving not to let another negative case to be recorded in this area

Pennsylvania releases money transmitter guidance for crypto exchanges
23 January, 2019 17:25

Pennsylvania releases money transmitter guidance for crypto exchanges

The Department of Banking and Securities (DoBS) of Pennsylvania regulated that exchanges and service providers dealing with cryptocurrencies do not need a money transmission license for doing business within the state. The department published guidance for local cryptocurrency companies as a response to "multiple inquiries from entities engaged in various forms of virtual currency exchanges."