Posts Tagged ‘exchange’

Crypto Bulls launches first UAE-registered crypto exchange

Crypto firm Crypto Bulls has teamed up with Al Zarooni Group and Gulf Coin Gold to launch the Crypto Bulls exchange, an exchange which will focus on the Dubai market. The new crypto exchange has the backing of the government in UAE, which harbors ambitions of transforming Dubai into a haven for blockchain and cryptocurrency businesses—following […]

‘Halal Coins Only’: First Islamic Crypto Exchange to be Launched in 2019

The ADAB Solutions project, based in the United Arab Emirates, is planning to launch FICE — the First Islamic Crypto Exchange which will be operating according to the principles of Shariah law. The company is expecting to reach $146 million daily trading and $4.4 billion monthly turnover by 2020. According to ADAB Solutions, the difference between […]

Coinbase Raises $300 Million in New Funding Round to ‘Accelerate’ Cryptocurrency Adoption

Major U.S. crypto exchange and wallet provider Coinbase has raised $300 million in a fresh funding round that brings its post-money valuation to $8 billion. The Series E equity financing round was reportedly led by investment firm Tiger Global Management, with participation from a host of backers well-known for their investments in the crypto space, such […]

Exit Scam or Hack? Canada’s MapleChange Loses $5 Million of Customer Funds

Canadian crypto exchange MapleChange has been hacked. The company is reporting over $5 million in losses – virtually all its funds – and says it cannot pay any of its customers back. However, many are questioning whether the company was hacked or if the loss was something planned by internal representatives, as the operator of […]

South Korean group buys cryptocurrency exchange Bitstamp

Bitstamp, the EU’s largest cryptocurrency exchange, has been bought by NXMH, a Belgian-based investment vehicle with more than €2bn assets under management. NXMH is a subsidiary of South Korea’s NXC Corporation, which owns video game company Nexon, as well as Korbit, a South Korean cryptocurrency exchange. While Bitstamp will operate independently of Korbit, the tie-up would […]

Caspian ICO Raises $19.5 Million for Institutional Crypto Trading Platform

Cayman Island-based fintech startup Caspian has completed an eight-figure ICO ahead of schedule. Founded earlier this year, Caspian ties together the biggest cryptocurrency exchanges in a single user interface. The full-stack crypto asset management platform also offers compliance, algorithms, portfolio management, risk, and reporting. Caspian is serving to the need for tools that could simplify crypto […]

Bithumb Sells $350 Million Stake in Its Cryptocurrency Exchange to a Blockchain Consortium

Bithumb, one of the most important exchanges in South Korea, has sold approximately 38% of its shares to BK Global Consortium, a blockchain investment firm that emerges as the blockchain arm of BK Global, a plastic surgery medical group located in Singapore. The negotiation had a value of 400 Billion Won, which is equivalent to […]

NY Fintech Firm Ideanomics Partners with UK Company to Create Digital Asset Exchange

New York-based Ideanomics, a fintech firm that provides asset digitization and tokenization solutions, had formed a joint venture with UK-based TPJ Ltd. The new venture created Ideanomics Resources LTD, a company based in the London, UK, which aims to unlock value in the energy and commodities markets through Ideanomics’ Platform-as-a-Service (PaaS). The solution represents a […]

Coinbase Partnership with Tiger Global Pushes the Company’s Value to $8 Billion

Leading cryptocurrency exchange Coinbase is in the final stages of closing an investment deal from Tiger Global worth $500 million, which could usher the company’s value to nearly $8 billion. If finalized, the partnership with Tiger Global will make Coinbase one of the highest-valued startups in the US. Coinbase is expected to put half of these […]

Coinbase Introduces ‘Coinbase Bundle’ Designed to Simplify Crypto Trading

Cryptocurrency exchange and wallet service Coinbase has rolled out a new update called “Coinbase Bundles,” which is designed to simplify cryptocurrency trading. Coinbase Bundles is a basket of five cryptocurrencies supported on Coinbase and purchased in proportion to their market capitalization in U.S. dollars. The Bundle consists of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin […]