Finance and Business News

Bitcoin (BTC) has been able to incur some tempered bullishness today after a multi-day period of hovering around its support at $7,200. Today’s slight gains have come about in the face of a strong downtrend, however, which could mean that these gains will ultimately prove to be fleeting and followed by further downside and Options […]

Malta-based cryptocurrency exchange OKEx has launched Bitcoin (BTC) options trading for a select group of traders ahead of a public launch in January 2020. In a press release on Dec. 26, the exchange — currently ranked third-largest by daily trading volume globally — has indicated that the new contract will be settled daily in Bitcoin […]

Tokai Tokyo Financial Holdings announced to invest 500 million yen worth $4.6 million in the Japanese branch of cryptocurrency exchange Huobi. The financial holdings firm aims to promote new businesses in the areas of crypto exchange, IEOs, and crypto management and storage services. Tokai Tokyo Financial Holdings will acquire shares in Huobi exchange. According to […]

Bitcoin analyst Benjamin Cowen predicts crypto total market cap reaching $11 trillion in 2023. Cowen uses logarithmic regression to show how bitcoin price could reach $141K in the next several years. According to the analysis published on YouTube, Benjamin Cowen explained to viewers how crypto’s market cap is on pace to grow into the trillions […]

As blockchain companies are gaining steam, the Shenzhen Stock Exchange (SZSE) has released a new index tracking the performance of 50 companies working in the sector. Dubbed Blockchain 50 Index, investors can invest in the index to get exposure to the firms working on the decade-old technology. According to the official announcement published on Wednesday, […]

Rakuten Wallet, the crypto wallet and trading platform of the Japanese financial services giant, on Tuesday announced that it has enabled users to convert Rakuten Group’s loyalty points to digital assets. Per the announcement, the Rakuten Super Points can be converted into three digital currencies – Bitcoin, Ethereum, and Bitcoin Cash. The loyalty points holders, […]

Crypto Asset Broker BitOoda, an SEC-licensed digital asset brokerage platform, has closed its seed funding round after raising $7 million. Announced on Monday, the financing round was participated by big industry names including Gary Ross, former head of global oil analytics at S&P Global Platts and the founder of PIRA Energy; Calvin Schlenker, former head […]

In a recent interview, Henry Arslanian gave his opinion on the future of crypto markets and why he believes that more institutional investors are about to arrive. As 2019 is approaching its end, many are looking back to what the Crypto Markets has accomplished this year. However, a topic that is just as interesting, if […]

San-Francisco-based broker Robinhood has been fined $1.25 million by the Financial Industry Regulatory Authority (FINRA) for failing to ensure the best execution of customer orders when routing them to four broker-dealers. In a press release published on Thursday, the self-regulatory organization FINRA announced that it reached a settlement with Robinhood over the issue, which took […]

Tesla stock seems to be unstoppable as it soared past $400 on Thursday, which is the culmination of a late-year rally that started in October when the Silicon Valley car maker surprised investors by showing a profit for its third quarter. Tesla stock seems to be unstoppable in the last few days. At the time […]

The partnership between Ripple and MoneyGram has been fruitful for both companies. So far, MoneyGram has processed more than $100 million through Ripple’s XRP XRP-Powered On-Demand Liquidity (ODL). In an interview with CNN, the CEO of MoneyGram spoke about the partnership and their future plans with Ripple’s XRP. He informed that surpassed $100 million in […]

Fidelity Investments’ cryptocurrency branch Fidelity Digital Assets UK is expanding to the United Kingdom. “We plan to provide our services to European institutional investors through our U.K.-registered entity, Fidelity Digital Assets UK, Ltd,” a Fidelity Digital Assets representative told on Dec. 17, saying: “We recognize that the regulatory requirements for service providers in the digital […]

Tom Jessop, the president of Fidelity Digital Assets, the cryptocurrency trading arm of United States financial services giant Fidelity, announced that the firm may add support for Ether (ETH) in 2020 is there is sufficient demand for it. During an interview with industry news outlet TheBlock published on Dec. 13, Jessop answered questions about the […]

The Basel Committee on Banking Supervision is calling for feedback on the prudential regulatory treatment of crypto asset. Feedback received from insiders in both the crypto and traditional finance sectors will be used to draft guidelines for banks interested in dealing with crypto-assets. Although they are wary of risks associated with the coins, the Committee […]

2019 saw technology for security token offerings come on leaps and bonds, which promises well for more issuance of these regulated digital assets in 2020. 2018 began with only three Security Token Offerings previously to market, and then saw a boom in infrastructure build-out and applications for Alternative Trading System (ATS) licenses, which are required […]

Robinhood, the California-based broker, is set to roll out fractional stock-trading in what appears like a bid to distinguish it from its incumbent rivals. The announcement took place against the backdrop of increasingly fierce competition among financial service providers. Robinhood pioneered zero-trading in the broker space. However, a number of companies including Charles Schwab, Fidelity […]

The Swiss Cryptocurrency Bank SEBA has announced it’s now taking in client from nine additional jurisdictions, apart from its home market in Switzerland. According to the announcement, Swiss Cryptocurrency Bank SEBA is now taking in clients from Singapore, Hong Kong, U.K., Italy, Germany, France, Austria, Portugal, and the Netherlands. The move will also see the […]

Asset tokenization Startup Upvest, a Germany-based helps companies tokenize financial assets on the blockchain, has raised €7 million (~$7.8 million) in Series A funding. The round was led by London-based venture capital firm Notion Capital, with participation from Partech Ventures and Holtzbrinck Ventures, according to a statement shared with TheCoinrise on Thursday. With the fresh […]