markets NEWS

Kraken_fund_raising-min

Kraken offers shares at $4 billion valuation with $6.7 million already raised

Major cryptocurrency exchange, Kraken is reportedly looking to raise at least $10 million [0.255 per cent equity] at a purported value of $4 billion. As per reports, the crypto exchange has already managed to raise about $6.7 million from 285 investors at the time of press. The exchange purportedly said that they have seven established bank and payments partners while adding, “client on-boarding infrastructure & AML/KYC policies capture significant upside from institutional adoption,” reported TrustNodes.

Venezuela_Russia_bilateral-min

Venezuela and Russia considering the state-backed Petro [PTR] for bilateral trade

The South American nation, Venezuela engulfed in a bitter political impasse, is reportedly negotiating with Russia over excluding the USD in their bilateral trading activities. As per the news, while the two countries are in discussion over the use of the Russian ruble, the two parties are also purportedly discussing the use of a possible alternative i.e Venezuela’s state-backed cryptocurrency dubbed as the Petro. The state-backed crypto was envisioned to serve as a substitute as the country’s fiat depreciated and to evade sanctions placed by the U.S., denying the country access to international finance, reported blokt.

🔗blokt
FACEBOOK_stablecoin_project-min

Social media giant Facebook has set-up a FinTech company in Geneva

Facebook Global Holdings II LLC has purportedly registered a firm named Libra Networks LLC as per a filing with the Geneva Commercial Register. As per news, the social media giant has reportedly been cautious of spilling the beans about its blockchain and cryptocurrency project dubbed as “Project Libra.” As per reports, the company is reportedly eyeing the Indian market as its testing ground for piloting its stablecoin despite the country’s uncertain cryptocurrency regulations.

Bianance_going_online-min

Binance resuming services after beefing up security post recent hack attack

The largest cryptocurrency exchange in terms of trading volume has announced to get back online after a security upgrade prompted reportedly by a recent hack. As per news, Binance will reportedly recommence its trading services at 13:00 UTC, enabling users to cancel open orders and process deposits, however, withdrawals “will be available shortly after trading resumes,” said the exchange. Moreover, the exchange did not reveal details as it compromises security, nevertheless, it earlier purportedly mentioned improving its application programming interface [API], two-factor authentication [2FA] and withdrawal validation, reported CoinDesk.

Travala_BTCNews.com-min

Bitcoin.com and Travala partnered for travellers to save upto 15% on bookings

As per news, blockchain-based platform for booking hotel rooms via crypto payment, otherwise known as Travala has reportedly initiated a partnership with Roger Ver’s Bitcoin.com wallet services. As per reports, hotel bookings for over 80,000 destinations in more than 200 countries with around 600,000 hotels is now reportedly made available via the Bitcoin.com crypto wallet. Furthermore, the CEO and Co-Founder of Bitcoin.com and Bitcoin Cash [BCH], Roger Ver views the initiative as a significant move towards promoting BCH, while strengthening its ecosystem for the BCH-community, reported U.Today.

SFOX_FDIC_accounts-min

Prime crypto dealer and trading platform SFOX insures traders with FDIC protection

As per Bloomberg, prime crypto asset dealer and trading platform, SFOX unveiled its collaboration with the New York-based M.Y. Safra Bank. As per reports, the partnership was purportedly initiated with an aim to offer its traders with deposit accounts insured by the Federal Deposit Insurance Corp [FDIC]. As per BTCManager, enabling approved SFOX users with an option of FDIC protected account makes trading more secure, while reportedly bridging the gap between user’s fiat and cryptocurrency terminals.

Bithumb_resuming_services-min

South Korean Bithumb resumes partial operations post March hack

As per the exchange blog post, South Korea-based Bithumb announced to resume partial operations following a major hack which reportedly took place on 29th March. As per reports, the exchange will reportedly recommence operations on 17th May with only three cryptocurrencies viz Ripple [XRP], Bitcoin Cash [BCH] and EOS. The exchange adds further its intent to “minimize the inconvenience to members until the resumption of deposits and withdrawals“, as reported by BitcoinNews.com.

cryptopia_liquidation-min

Cryptopia suspends trading operations and goes into liquidation post major hack

As per the news, the cryptocurrency exchange hit by a major hack attack in the beginning of 2019, Cryptopia suspends trading operations and goes into liquidation. As per reports, the news was revealed by the exchange’s assigned liquidator and professional services firm Grant Thornton, New Zealand. Grant Thornton added, the hack severely impacted the company’s trade despite efforts to reduce cost, liquidation was the best path forward in favour of all stakeholders, reported CoinDesk.

BNYmellon_hires-min

Bank of New York Mellon [BNY Mellon] onboards former PwC executive as Head of Blockchain

As per news, the New York-based financial services giant BNY Mellon has reportedly appointed Subhankar Sinha as the company’s Head of Blockchain. As per reports, Sinha was purportedly a former Director at PricewaterhouseCoopers, Co-Founding and Co-leading the firm’s American blockchain consulting practices. However, Sinha will be assuming roles on creating and furthering the firm’s partnerships with startups, accelerators and other blockchain businesses in the field, as reported by Cointelegraph.

Malta_eyeing_estonia-min

Maltese crypto businesses facing banking challenges are eyeing Estonia and Switzerland

While blockchain, cryptocurrency and Artificial Intelligence [AI]-related businesses are experiencing a boom in Malta, organizations reportedly continue to face critical banking challenges. As per reports, Malta Blockchain Summit key organizer Eman Pulis has reportedly stated blockchain and AI businesses are eyeing nations like Estonia and Switzerland where financial institutions have embraced Bitcoin [BTC]-based businesses. The Maltese financial institutions, however, are concerned about unsettling their correspondent banking relationships which could potentially offset Malta’s participation in the U.S. banking system, as reported by BTCManager.

Kraken_fund_raising-min

Kraken offers shares at $4 billion valuation with $6.7 million already raised

Major cryptocurrency exchange, Kraken is reportedly looking to raise at least $10 million [0.255 per cent equity] at a purported value of $4 billion. As per reports, the crypto exchange has already managed to raise about $6.7 million from 285 investors at the time of press. The exchange purportedly said that they have seven established bank and payments partners while adding, “client on-boarding infrastructure & AML/KYC policies capture significant upside from institutional adoption,” reported TrustNodes.

Venezuela_Russia_bilateral-min

Venezuela and Russia considering the state-backed Petro [PTR] for bilateral trade

The South American nation, Venezuela engulfed in a bitter political impasse, is reportedly negotiating with Russia over excluding the USD in their bilateral trading activities. As per the news, while the two countries are in discussion over the use of the Russian ruble, the two parties are also purportedly discussing the use of a possible alternative i.e Venezuela’s state-backed cryptocurrency dubbed as the Petro. The state-backed crypto was envisioned to serve as a substitute as the country’s fiat depreciated and to evade sanctions placed by the U.S., denying the country access to international finance, reported blokt.

🔗blokt
FACEBOOK_stablecoin_project-min

Social media giant Facebook has set-up a FinTech company in Geneva

Facebook Global Holdings II LLC has purportedly registered a firm named Libra Networks LLC as per a filing with the Geneva Commercial Register. As per news, the social media giant has reportedly been cautious of spilling the beans about its blockchain and cryptocurrency project dubbed as “Project Libra.” As per reports, the company is reportedly eyeing the Indian market as its testing ground for piloting its stablecoin despite the country’s uncertain cryptocurrency regulations.

Bianance_going_online-min

Binance resuming services after beefing up security post recent hack attack

The largest cryptocurrency exchange in terms of trading volume has announced to get back online after a security upgrade prompted reportedly by a recent hack. As per news, Binance will reportedly recommence its trading services at 13:00 UTC, enabling users to cancel open orders and process deposits, however, withdrawals “will be available shortly after trading resumes,” said the exchange. Moreover, the exchange did not reveal details as it compromises security, nevertheless, it earlier purportedly mentioned improving its application programming interface [API], two-factor authentication [2FA] and withdrawal validation, reported CoinDesk.

Travala_BTCNews.com-min

Bitcoin.com and Travala partnered for travellers to save upto 15% on bookings

As per news, blockchain-based platform for booking hotel rooms via crypto payment, otherwise known as Travala has reportedly initiated a partnership with Roger Ver’s Bitcoin.com wallet services. As per reports, hotel bookings for over 80,000 destinations in more than 200 countries with around 600,000 hotels is now reportedly made available via the Bitcoin.com crypto wallet. Furthermore, the CEO and Co-Founder of Bitcoin.com and Bitcoin Cash [BCH], Roger Ver views the initiative as a significant move towards promoting BCH, while strengthening its ecosystem for the BCH-community, reported U.Today.

SFOX_FDIC_accounts-min

Prime crypto dealer and trading platform SFOX insures traders with FDIC protection

As per Bloomberg, prime crypto asset dealer and trading platform, SFOX unveiled its collaboration with the New York-based M.Y. Safra Bank. As per reports, the partnership was purportedly initiated with an aim to offer its traders with deposit accounts insured by the Federal Deposit Insurance Corp [FDIC]. As per BTCManager, enabling approved SFOX users with an option of FDIC protected account makes trading more secure, while reportedly bridging the gap between user’s fiat and cryptocurrency terminals.

Bithumb_resuming_services-min

South Korean Bithumb resumes partial operations post March hack

As per the exchange blog post, South Korea-based Bithumb announced to resume partial operations following a major hack which reportedly took place on 29th March. As per reports, the exchange will reportedly recommence operations on 17th May with only three cryptocurrencies viz Ripple [XRP], Bitcoin Cash [BCH] and EOS. The exchange adds further its intent to “minimize the inconvenience to members until the resumption of deposits and withdrawals“, as reported by BitcoinNews.com.

cryptopia_liquidation-min

Cryptopia suspends trading operations and goes into liquidation post major hack

As per the news, the cryptocurrency exchange hit by a major hack attack in the beginning of 2019, Cryptopia suspends trading operations and goes into liquidation. As per reports, the news was revealed by the exchange’s assigned liquidator and professional services firm Grant Thornton, New Zealand. Grant Thornton added, the hack severely impacted the company’s trade despite efforts to reduce cost, liquidation was the best path forward in favour of all stakeholders, reported CoinDesk.

BNYmellon_hires-min

Bank of New York Mellon [BNY Mellon] onboards former PwC executive as Head of Blockchain

As per news, the New York-based financial services giant BNY Mellon has reportedly appointed Subhankar Sinha as the company’s Head of Blockchain. As per reports, Sinha was purportedly a former Director at PricewaterhouseCoopers, Co-Founding and Co-leading the firm’s American blockchain consulting practices. However, Sinha will be assuming roles on creating and furthering the firm’s partnerships with startups, accelerators and other blockchain businesses in the field, as reported by Cointelegraph.

Malta_eyeing_estonia-min

Maltese crypto businesses facing banking challenges are eyeing Estonia and Switzerland

While blockchain, cryptocurrency and Artificial Intelligence [AI]-related businesses are experiencing a boom in Malta, organizations reportedly continue to face critical banking challenges. As per reports, Malta Blockchain Summit key organizer Eman Pulis has reportedly stated blockchain and AI businesses are eyeing nations like Estonia and Switzerland where financial institutions have embraced Bitcoin [BTC]-based businesses. The Maltese financial institutions, however, are concerned about unsettling their correspondent banking relationships which could potentially offset Malta’s participation in the U.S. banking system, as reported by BTCManager.

Bitnami