Category: Finance

Minimum order size for bitcoin trades at Circle, one of the largest liquidity providers and over-the-counter (OTC) digital asset marketplaces in the world, has shot up to $500,000. That’s 100 percent higher compared to where the figure stood previously. Rising OTC order sizes OTC services are optimized for high net worth institutions and individuals looking to conduct large cryptocurrency trades…

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Xunlei, a China-based multinational firm has been dragged to Court by investors who feel they were deceived by the firm to invest in its ICO project in 2017. Initial Coin Offering or Puff of Smoke? The CEO of Xunlei, Chen Lei has strongly refuted accusations leveled against his firm claiming that they misled investors in a bid to organize a…

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Changpeng Zhao, the esteemed CEO of Binance, has announced a partnership with Crypto Savannah that will focus on implementing blockchain solutions in Uganda. The Binance CEO tweeted the news from the country, where he has met with the local Blockchain Association to discuss collaboration to promoting economic development. The partnership also features other figures spearheading development in Africa. Aggie Konde,…

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The fine issued by the Financial Industry Regulatory Authority (FINRA) to Tezos co-founder Arthur Breitman could reportedly affect the Tezos project, especially if the SEC deems its tokens to be a security. On April 18, 2018, Breitman was fined $20,000 for alleged violations of FINRA regulations, a charge he neither admitted nor denied. FINRA also suspended him from associating with…

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IBM announced that its blockchain technology-based trade finance platform, Batavia, has successfully passed its first set of live transactions on the network on April 19, 2018. The purpose of the platform is to be able to “track and trace key events in the supply chain” as well as use IoT devices to log details about the “location and condition of…

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Ethereum co-founder Vitalik Buterin is reportedly worth more than $400 million, but he’s nonchalant about his vast wealth. The 24-year-old, says today’s bitcoin millionaires became rich mostly through luck, although most won’t admit it. The Difference Between Intelligence and Luck Cryptocurrency bulls like to think they’re smarter than “the masses” for buying crypto before it became trendy, but Buterin says…

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In September 2017, South Korea – one of the world’s most crypto-friendly nations – took a not-so-friendly decision; to ban all Korean ICOs. A bout of panic selling broke out, with multiple blockchain startups in Korea fearing the worst. However in 2018, native cryptocurrency companies have found a way that keeps investors, and the government, happy. If you have been…

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In a major development, Bithumb – one of South Korea’s largest cryptocurrency exchanges – announced its plans to issue a native digital token called Bithumb Coin later in 2018. Bithumb’s ICO Aspirations A local Bithumb subsidiary is developing the token, according to a person with close knowledge of the matter. However, the subsidiary’s details remain unknown. According to reports, the…

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Shares in Ether Capital, the cryptocurrency investment outfit, have begun being traded on a Canadian stock exchange. Previously called Ethereum Capital, the company is a cryptocurrency investment fund whose shares began trading on the Canadian NEO Exchange on April 19, 2018. The company is aiming at using the capital raised to further the dreams of blockchain startups as well as…

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Singapore-based exchange Huobi has spoken of plans to expand operations to London.The Huobi team were in London on April 17, 2018, to launch phase II of the Huobi Knights program and unveil four new projects. Expansion Objectives The news comes amid a recent spate of Asia-based exchanges expanding to international shores. Binance and OKex have announced plans to move to…

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