19 March, 2019 16:08
US-based Bison Trails closes seed round with $5.25 million
US-based blockchain project – Bison Trails – reports completion of the seed funding round with total investments reaching $5.25 million. The project was backed by such companies as Notation Capital, Homebrew, Galaxy Digital, Distributed Global and Charge Ventures. The key investors were Accomplice and Initialized Capital.
19 March, 2019 14:57
Oil prices on the rise after OPEC meeting
The oil market posted modest strengthening by day's end yesterday after offsetting the reports of the Joint Ministerial Monitoring Committee held in Baku on March 18. At present, the benchmarks are quoted at $68.14 and $59.80 respectively. The reduction plan looks fruitful, which supports the extension of the agreement for H2 2019.
19 March, 2019 13:39
Overstock drops plans to divest from retail business
The top player in the retail sales market – Overstock – has decided to shelve previously announced plans to get rid of its retail business targeting the blockchain industry. The company CEO Patrick Burne held a conference call regarding the Q4 performance this Monday during which he stated that there was no exact schedule for the realization of these plans now. Overstock is unlikely to become exclusively blockchain company despite its previous announcements.
19 March, 2019 11:42
US dollar slackens vs majors, market awaits US Fed meeting
The US dollar is losing grounds at the Asian trading today given upcoming the US Federal Reserve meeting along with fears of slower economic growth in the USA. The players remain focused on the Brexit as well. On Tuesday, the US Dollar index decreased to 95.840. The euro-to-US dollar exchange rate improved to some $1.1357. The previous session was closed near $1.1337. The Japanese currency gained some 0.2% with the US dollar-to-yen rate sliding to 111.30 (111.43 earlier).
18 March, 2019 16:29
Citigroup gives up plans for own crypto token
The global financial giant – Citigroup – reportedly gave up plans to launch its own cryptocurrency token. The company considered the possible launch of the crypto token that might make global payments more effective and faster back in 2015. However, it was not made any official announcement about the project by the company. It was decided to spend money on further development of the existing instruments rather than new crypto initiatives.
18 March, 2019 15:29
ICE hints plans for expansion of Cryptocurrency Data Feed
The operator of NYSE platform – Intercontinental Stock Exchange (ICE) – is about to expand the list of the coins supported by its service Cryptocurrency Data Feed. Lately, the company announced that it was preparing for adding new cryptos to Cryptocurrency Data Feed. This move is believed to boost transparency in the market. ICE rolled out its information service called Cryptocurrency Data Feed back in January 2018.
18 March, 2019 14:09
Bitcoin futures contracts unlikely to be changed on CME in March
Unlike Cboe, Chicago Mercantile Exchange stated that it would revise its bitcoin futures offering. The exchange has no plans to change bitcoin futures contracts that are being offered on CME. Market analysts believe that CME's offering looks much more profitable and well-designed. Cboe announced that it would not list bitcoin futures in March last week citing a need for revision of its business approach to this product.
18 March, 2019 12:07
Tendermint completes $9 million funding round
Tendermint dealing with blockchain comparability solutions have reported completion of the series A funding with $9 million investments. The funding round was led by Paradigm. The investments that were received during the Series A round will be spent on further development of the Cosmos project, including staff expansion and development of an effective business model.
15 March, 2019 15:42
Canadian financial regulators consider legal basis for crypto exchanges
Financial authorities in Canada are considering the development of the regulation for the cryptocurrency trading platforms in the country. The Canadian Securities Administrators and Investment Industry Regulatory Organization of Canada (IIROC) made public a joint consultation paper citing the need for revision of the effective rules to cover the cryptocurrency exchanges. They are open for the comments and consultations from different representatives of the crypto industry.
15 March, 2019 14:01
Gatecoin exchange leaves business and goes into court-ordered liquidation
A Hong Kong-based crypto trading platform – Gatecoin – announced a business shutdown with further company liquidation. Gatecoin team noted in the public report that the main reason behind the current situation is problems with the Payment Service Provider. The court has made the corresponding order on March 13.
15 March, 2019 12:34
Pound sterling fluctuates, further Brexit vote ahead
The pound sterling trimmed gains against the US dollar and euro at the start of the European session, though later it managed to reverse. However, the currency maintains this-week positions, while the market is studying the results of the recent days given the Brexit vote in the UK Parliament. The pound-to-US dollar exchange rate rose to $1.3270 today. Moreover, the British currency improved against the euro as well reaching EUR 1.1721. UK Parliament is expected to approve the deal proposed by May but it can be time-lagged.
15 March, 2019 11:06
Mark Karpeles guilty of book records falsification, District Court of Tokyo ruled
After the recent hearing at the District Court of Tokyo, it was held that the former CEO of the dead bitcoin trading platform Mt Gox Mark Karpeles was found guilty of fraud, including falsification of book records at the platform. According to the court decision, Mark Karpeles has got a sentence of two and a half years. However, the platform's former CEO will actually face a suspended sentence of four years. This means that he will not go to prison in case of positive records during the next 4-year period.