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Bitwise casts doubt on bulk of volumes at unregulated platforms
25 March, 2019 12:32

Bitwise casts doubt on bulk of volumes at unregulated platforms

Bitwise Asset Management that provides fund indices submitted an analytical report to the US Securities and Exchange Commission citing that the bulk of the transactions performed by unregulated trading platforms seem to bear a fake nature. The company prepared about 220-page presentation which is believed to be a supplementary material to its bitcoin-ETF application that was lodged earlier.

OKEx provides details about new decentralized exchange project
22 March, 2019 17:49

OKEx provides details about new decentralized exchange project

The cryptocurrency exchange OKEx has officially announced the development of the decentralized platform based on the company's own blockchain. The company released notice on March 22 in which it unveiled certain details about the development process. This move comes in line with the anniversary of the listing of OKB token last year. The total amount of OKB to be issued has been set at 1 billion. Specifically, 300 million are already in use, while the remaining 700 million are blocked. OKB is planned to be the only token that will be supported during IEO at new OKEx platform. 

SBI Holdings targets mining chips production via new division
22 March, 2019 15:37

SBI Holdings targets mining chips production via new division

On March 22, Japan's SBI Holdings has announced its new production division that will be focused on chips and systems for cryptocurrency mining under its crypto business expansion plan, according to the official announcement. The new manufacturing business called SBI Mining Chip Co will be run by Adan Traidman, former NASA veteran with vast experience in dealing with revolutionary "semiconductors and other electronics".

Bitmain rumoured to plant 200,000 crypto mining units in China
22 March, 2019 12:11

Bitmain rumoured to plant 200,000 crypto mining units in China

The major producer of crypto mining producer – Bitmain – rumoured to ramp up capacities in the south-western provinces of China striving to make use of cheap power during the summer period. The sources in the know stated that the company expressed intentions to place about 200,000 mining capacities in the regions with excessive hydro resources. These regions reduce electricity tariffs for summer.

Trustee of  Mt Gox makes decision on civil rehabilitation requests
21 March, 2019 16:47

Trustee of Mt Gox makes decision on civil rehabilitation requests

On March 19, the trustee of the dead cryptocurrency exchange Mt Gox stated that they became one step closer to refunding the platform's creditors citing consideration of the rehabilitation requests. Nobuaki Kobayashi considered all the requests filed by the creditors and made a determination on them (positive or negative). Creditors will receive notifications in the near term. However, some concerns arise around the issue of how creditors may spend the money.

Public comments for VanEck/SolidX bitcoin-ETF mostly negative
21 March, 2019 14:46

Public comments for VanEck/SolidX bitcoin-ETF mostly negative

The US Securities and Exchange Commission has unveiled received comments regarding the recent proposal to change rules for the VanEck/SolidX bitcoin-ETF. The regulator received seven comments over that period, with six of them being firmly negative regarding the launch of the ETF. The most detailed comment was submitted by Sam Ahn, in which bitcoin was said to lack so-called intrinsic value.

 US dollar posts some weakening at Thursday trading
21 March, 2019 12:38

US dollar posts some weakening at Thursday trading

The US dollar has mostly slackened in the second half of the week once the US Federal Reserve stated that it would keep sticking to the flexible position. According to the market data, the euro somewhat strengthened vs the greenback at the Thursday trading with the rate was recorded at $1.1420, but then trimmed gains staying near $1.1403 for now. The results of the US Fed meeting showed that the authority decided to leave core interest rate unchanged.

aeternity buys stake in SatoshiPay
21 March, 2019 10:50

aeternity buys stake in SatoshiPay

aeternity has reportedly acquired a stake in SatoshiPay that provides micropayment services. The purchase was made during the latest funding round launched by SatoshiPay. Other investors at that round included Borsenmedien AG, AERGO as well as Daniel Masters of CoinShares and SatoshiPay CEO Meinhard Benn.

Silvergate Bank reports higher number of crypto-focused investors
20 March, 2019 17:33

Silvergate Bank reports higher number of crypto-focused investors

One of the American banks that provide services to cryptocurrency segment Silvergate Bank managed to increase the number of clients from the crypto market to some 542 users as of December 31 2018. At the same time, the volume of fiat deposits held in the bank decreased to $1.47 billion as compared to $1.59 billion in the previous period.

Crypto margin trading to become tougher in Japan next year
20 March, 2019 15:35

Crypto margin trading to become tougher in Japan next year

Japanese authorities have decided to revise and tighten the regulation of the margin trading in the cryptocurrency market beginning from 2020. With the new rules, the local crypto trading platforms will be required to reduce the leverage for crypto margin trading. In particular, the previous rate was set at x25, while now the leverage should be only up to 4-fold above the initial deposit. This decision is aimed at protecting investors from falling a victim to the pyramid schemes.

Avnet starts offering bitcoin payment option
20 March, 2019 14:00

Avnet starts offering bitcoin payment option

The Fortune 500 company Avnet announced cooperation with payment provider BitPay targeting support of bitcoin and other cryptos in payments for products and services. The decision for the expansion of the payment means was driven by the intention of the company to offer its clients more flexibility, which whould entail wider range of the solutions for performing transactions while launching their products in the market.

Huobi announcement: Huobi Prime to go live on March 26 with TOP Network campaign
20 March, 2019 13:50

Huobi announcement: Huobi Prime to go live on March 26 with TOP Network campaign

On March 20, the crypto trading platform Huobi has unveiled the first campaign at the Huobi Prime exchange that is aimed at token listing. The new token platform Huobi Prime will go live on March 26 which will come along with the TOP Network campaign. The TOP Network campaign will consist of three 30-minute phases with a fixed limit price for a token. TOP Network campaign will consist of three 30-minute phases.