Asset backed cryptocurrency exchanged Vaultbank has announced that it has raised over $3 million in funding, reaching the soft cap for its VB token sale. VB tokens are currently being distributed to Vaultbank token sale backers. The company also announced the launch of the Vaultbank Fund, which provides the main asset-backing of each VB token and…
Read moreMelbourne based cryptocurrency exchange startup Blockbid has announced that it has become the third recipient of an AUSTRAC license, meaning they it has been granted permission to legally operate as a cryptocurrency exchange according to Australian law. The company stated that this is an important stepping stone to becoming an active, worldwide cryptocurrency exchange, whilst further…
Read moreDigital asset trading platform Bitfinex has announced the introduction of 12 new token listings to its trading platform. The crypto exchange, which services for digital currency traders and global liquidity providers, announced the introduction to the platform of the following tokens: Aion (AION), IOSToken (IOST), Request Network (REQ), Raiden Network (RDN), Loopring (LRC), BnkToTheFuture Token (BFT), Cofound.it…
Read moreThe top ten cryptocurrency exchanges are bringing in as much as $3 million per day in profit, according to Bloomberg calculations. Considering that cryptocurrency did not even exist until 2009, profit at that level is absolutely astonishing compared to the historical development of other industries. It is easy enough to understand how cryptocurrency exchanges make…
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Well it does look like Bitcoin continues to go more 'mainstream', with some of the world's leading trading venues finally taking note of the large crypto trading volumes driving results at some of the leading online brokers. TMX Group, a Canadian financial services company that operates market exchanges including the Toronto Stock Exchange, and Paycase…
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Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced that it has launched the first actively managed multi-cryptocurrency Certificate, called "Multi-Crypto Active Index". The Multi-Crypto Active Index allows mainstream investors to invest in a diversified portfolio of four different cryptocurrencies through a traditional financial vehicle publicly traded on the SIX Swiss Exchange.…
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Independent Reserve, the Australian Digital Currency exchange, announced that it has opened Australia’s first over-the-counter trading desk for institutions wanting to make large digital currency trades. CEO Adrian Przelozny said the lack of block trading venues had been a barrier for institutions to participate in digital currency investment. Digital currency markets are just like any…
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The SEC alleges that BitFunder and its founder Jon E. Montroll operated BitFunder as an unregistered online securities exchange and defrauded exchange users by misappropriating their bitcoins and failing to disclose a cyberattack on BitFunder’s system that resulted in the theft of more than 6,000 bitcoins.
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The cryptocurrency market has become extremely complex and with more and more coins, ICOs, tokens, products and services coming up every week, the average person can definitely become perplexed as to what to buy, when to sell and which currencies to hold. To the rescue comes Crypto20, the first tokenized crypto-only index fund. The index…
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Many argue that online exchanges are a rip-off for users, especially when fees range anywhere from 1% to 8%. Coinbase, one of the world’s most popular digital wallets, overcharged thousands of dollars its customers instead of just taking the normal transaction fee. It recently came clear that the overcharging happened due to a bug linked…
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