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Crypto project Celo backed by a16z and Polychain Capital
03 April, 2019 12:34

Crypto project Celo backed by a16z and Polychain Capital

The Celo project offering crypto payment solutions has reportedly received backing by the crypto fund a16z Crypto and Polychain Capital. The companies invested $25 million in total ($15 million and $10 million respectively) during the recent funding round at Celo.

Puerto Rico-based SJMBT bank to offer services to cryptocurrency traders
02 April, 2019 15:55

Puerto Rico-based SJMBT bank to offer services to cryptocurrency traders

On April 1, Monday, Puerto Rico's San Juan Mercantile Bank & Trust International (SJMBT) has reportedly launched operations to provide custody and settlement services to institutional cryptocurrency traders. The bank recorded its first deposit, which became the business start. SJMBT launched a operations in the country following the green light from the local regulator Puerto Rico's Office of the Commission of Financial Institutions. The license was received last month, as it was stated in the report.

India-based Coindelta exchange shuts down services
02 April, 2019 14:03

India-based Coindelta exchange shuts down services

India-based cryptocurrency trading platform Coindelta has announced the closure of the business citing disappointing situation with segment's regulation in the country. The company founder Shubham Yadav stated that the crypto platform will no longer be able to operate in the country due to a lack of regulation and tough measures by the Reserve Bank of India. There is no economic sense in running this business further.

Global economy concerns ease promoting dollar strengthening
02 April, 2019 11:26

Global economy concerns ease promoting dollar strengthening

The US dollar has gained grounds vs the majors at the Tuesday trading session. Concerns around the state of the global economy softened, which pushed the yield of the US state bonds up from the bottom. Meanwhile, the pound sterling has remained slack. The euro-to-US dollar exchange rate decreased to $1.1198 ($1.1213 earlier).

Binance announces next project for token sale at Binance Launchpad
01 April, 2019 17:40

Binance announces next project for token sale at Binance Launchpad

On April 1, the major cryptocurrency trading platform – Binance – has revealed more details about its platform for initial exchange offering Binance Launchpad. The next project on the Binance Launchpad is Matic Network (MATIC). Its IEO will be held in line with the new lottery model unveiled lately.

Bithumb faces new hack: about 3 million EOS lost
01 April, 2019 15:30

Bithumb faces new hack: about 3 million EOS lost

One of the leading Korean exchange – Bithumb – reportedly suspended deposit/withdrawal services over the past weekend. The reason behind this move was abnormal crypto withdrawals detected by the monitoring system at the platform.  All funds at the platform (Bithumb's and members') were transferred to a cold wallet once the exchange detected the hack. More details about the restart of the services at the platform are said to be revealed separately.

Bakkt Progress report: Board of Directors unveiled
01 April, 2019 13:55

Bakkt Progress report: Board of Directors unveiled

ICE's trading platform Bakkt released a report about its progress towards the launch of the project. The company unveiled that list of the Board of Directors as part of the business infrastructure development. It was also noted in the post that Bakkt is working on its own custody solution that will be designed to bring new standards of digital asset security...

Oil starts first week of April with higher prices
01 April, 2019 12:29

Oil starts first week of April with higher prices

The oil market has started this week with the rise. The prices for benchmarks have hiked maintaining the Q1 upturn being the biggest over the past decade. For now, the driver of the increase is market players' concerns about the global supply. At the same time, another issue that will get market attention will be the upcoming trade talks between Washington and Beijing to take place this week.

Hong Kong regulator publishes guidelines for security token offering
29 March, 2019 17:39

Hong Kong regulator publishes guidelines for security token offering

On March 28, the Securities and Futures Commission of Hong Kong officially released the security token offering guidelines.  Security tokens can actually be considered as securities in line with the Hong Kong's Securities and Futures Ordinance, which means that they must be regulated by the securities laws effective in the country.

Huobi Group meets Argentinian delegation: business expansion possible
29 March, 2019 14:56

Huobi Group meets Argentinian delegation: business expansion possible

Huobi Group and Argentinian financial officials have held a meeting during the latter's visit to China and discussed business expansion and how blockchain can boost economic growth in Argentina. Deputy Finance Minister of Argentina Felix Martin Soto believes the cooperation with Huobi can help them to improve their progress in the blockchain and crypto area. Argentina is said to be the leader in South America in terms of blockchain implementation.

OKEx also confirms fact of fake volumes after Bitwise research
29 March, 2019 12:14

OKEx also confirms fact of fake volumes after Bitwise research

The crypto trading platform OKEx has reportedly confirmed the results of the recent research about fake volumes stating problems with overblown trading volumes. The company representatives noted that some transactions definitely can have no economic sense. It should be also mentioned that the 8-level fee model can also promote too high trading volumes at the platform.

Ledger, Legacy Trust target joint custody instrument for institutional clients
28 March, 2019 17:59

Ledger, Legacy Trust target joint custody instrument for institutional clients

One of the leading hardware wallet producer Ledger and licensed public trust company Legacy Trust from Hong Kong have declared cooperation aimed at rolling out the first custody solution of the institutional level. The new product is planned to boost the flow of the institutional funds into the cryptocurrencies. Legacy Trust is said to apply Ledger's product called Ledger Vault.