Cryptocurrency Analysis and News Portal
DeversiFi, the decentralized exchange (DEX) spin-off of former Bitfinex sister exchange Ethfinex, has burned $20 million worth of its governance and utility token, Nectar (NEC).According to a statement, March 30, this is designed to drive DEX adoption after large centralized exchanges struggled to cope during the recent cryptocurrency sell-off.Governance
Read More
The U.S. Securities and Exchange Commission (SEC) rejected Wilshire Phoenix's bid for a bitcoin-based exchange-traded fund (ETF).In a filing posted Wednesday, the securities regulator wrote that the New York-based Wilshire Phoenix had not proven the bitcoin market is sufficiently resistant to market manipulation. Wilshire, a newcomer to the financial services
Read More
Democratic presidential candidate Andrew Yang has withdrawn from the election following a dismal showing in the New Hampshire primary Tuesday.Yang entered the race in November 2017, centering his campaign around his signature "universal basic income" proposal, which would provide a $1,000 per month income to American adult. However, as a
Read More
ConsenSys has purchased a U.S.-based broker-dealer in an attempt to overhaul the multi-trillion-dollar municipal bond market.The ethereum-focused VC and technology company said it had completed the purchase of the Philadelphia-based Heritage Financial Systems, Bloomberg reported Tuesday. The acquisition gives ConsenSys advisory and broker-dealer capabilities in the U.S., allowing it to
Read More
Huobi Indonesia will institute a fiat gateway for trading 250 cryptocurrencies in the country.Announced Dec. 27 in a press release, the Indonesian wing of Huobi Group looks to facilitate cryptocurrency trading in Southeast Asia’s largest economy. According to the firm, Huobi Indonesia boasts 50,000 registered users, of which approximately 10 percent
Read More
Ripple, the company behind the XRP cryptocurrency, disclosed that it has raised $200 million in a Series C funding round that was led by Tetragon. Major participants included SBI Holdings and Route 66 Ventures. The funding represents an active effort on part of Ripple to enhance XRP adoption to broader
Read More
In the countdown to the new year, private equity and hedge fund manager Fortress Investment Group is redoubling its efforts to buy up Bitcoin (BTC) claims from Mt. Gox creditors.A Bloomberg report on Dec. 19 alleged that Fortress’s offer is now roughly 13.5% lower than an initial bid it
Read More
Even if XRP were a security, the investors suing Ripple brought their case far too late for it to proceed, the company said in a new filing. Source
Read More
Nordea Bank has won a court battle in Denmark over its bid to bar employees from buying and selling cryptocurrencies outside of work. Source
Read More