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The Litecoin Foundation has acquired a 9.9% stake in WEG Bank from TokenPay in a deal that will see the two companies partner to develop cutting-edge fintech products. The stake had been purchased previously by TokenPay, but the Swiss startup handed it to the Litecoin Foundation in exchange for its expertise in the development of … Read more
Various banks and financial institutions around the world have a negative view of cryptocurrencies. Although some banks have revised their outlooks, it appears the Bank of Finland is not among them. Its new paper on Bitcoin and other virtual currencies shows there is still a distinct lack of trust and belief in this growing industry. … Read more
Crypto exchange Binance is working on a project to launch a decentralized bank bridging the crypto industry with conventional banking. The financial institution will be based in Malta and fundraising will be conducted under German law. Authorities in Valletta have welcomed the initiative that is expected to win support from other crypto investors as well. … Read more
China is one of the more technologically advanced nations in the world, and with its population closing in on 1.4 billion, it was naturally one of the biggest Bitcoin markets during the cryptocurrency’s early days. Many of the biggest exchanges in the world were established in the Asian nation, with reports indicating that at one … Read more
Everyone knows that bitcoin and cryptocurrency prices have been on a steady decline since the last month of 2017. While digital asset spot prices have been quite volatile, bitcoin futures products provided by two of the world’s largest derivatives exchanges, Cboe and CME Group, have seen a steady increase in trade volume and more liquidity … Read more
The Robinhood Crypto app now supports bitcoin cash (BCH) and litecoin (LTC) trading. Thanks to adding the cryptocurrency service, the app has achieved rapid growth and is now boasting a user base of 5 million people, up from just 3 million before. Also Read: Bitcoin in Brief Thursday: Crypto Phones, Spy Games, Binance … Read more
Oasis Labs has announced that it has raised $45 million to develop its privacy-focused decentralized cloud computing platform. In a press release published on July 9, the startup revealed that it had raised the funding from over 10 investors who were pooled from various industries including venture capital and hardware manufacturing. Among the more prominent … Read more
Tokenpay Swiss AG has officially confirmed that it has acquired a 9.9 percent stake in WEG Bank AG in partnership with the Litecoin Foundation. The terms of the agreement will also include options to purchase approximately 90% overall of the bank, pending the customary regulatory approval. Also Read: Stiglitz Predicts Cryptocurrencies Will Be “Regulated Into Oblivion” … Read more
Providing a personalized cryptocurrency or financial experience has proven to be very difficult. It seems QuantBot may make a big impact in this regard, as it is designed to put a completely different spin on the connections between cryptocurrency and traditional finance. It could prove to be a nifty tool if it delivers on its … Read more
The Chicago Board Options Exchange (CBOE) has filed an application for a bitcoin-based exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The SEC has requested public feedback regarding CBOE’s prospective ETF. Also Read: Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims CBOE Files for Bitcoin ETF With SEC … Read more