March 2019

Crypto Startup TokenPay Buys Equity Stake in Heidi Klum Lingerie Maker

March 28, 2019 boss

Cryptocurrency startup TokenPay is getting into the lingerie business. Revealed in a filing Wednesday with the U.S. Securities and Exchange Commission, the Switzerland-based startup has spent $1.3 million for a 6 percent equity stake in Naked Brand Group (NAKD), the Australian lingerie company best known for supermodel Heidi Klum’s signature fashion lines. TokenPay CEO Derek Capo told CoinDesk the move is part of the startup’s broader diversification strategy following a December 2017 token sale that netted 2,000 bitcoin, or roughly $20 million. Spending token sale proceeds on equity investments has been…

Corda Blockchain Trade Finance Platform Marco Polo Sees First Transactions

March 28, 2019 boss

Blockchain consortium R3’s trade finance platform Marco Polo has completed its first real transactions, a press release from Commerzbank, one of the participants, confirmed on March 28. Marco Polo, which is built on R3 enterprise blockchain platform Corda, successfully facilitated a trade between Germany and China, involving two German firms. Tech group Voith and pump manufacturer KSB SE were the initiators of the transactions, which constituted a pilot scheme for Marco Polo. One transaction saw couplings delivered from Germany to China, while a second was based on hydraulic pumps delivered…

Bitcoin Still Needs $190 Price Gain for Bull Reversal This Month

March 28, 2019 boss

View Bitcoin created a bullish “engulfing candle” last month, confirming seller exhaustion. A bullish reversal, however, would only be confirmed if price closes above $4,190 (high of the engulfing candle) on March 31. A bullish monthly close would open the doors to $5,000, although gains may be hampered by the crucial 21-week moving average, which is still trending south. The prospect of a bullish monthly close above $4,190 would drop sharply if prices find acceptance under the 30-day moving average, currently at $3,900. That average line has served as strong support…

Trading Crypto on Coinbase is 48x More Expensive than Stock Exchange

March 28, 2019 boss

Cryptocurrency exchanges are charging their customers more than what an average mainstream stock exchange does, according to Alex Krüger. The cryptocurrency analyst broke down the fee structure of some of the most popular crypto spot trading platforms. He compared the commissions charged for the lowest volume trades with those imposed by traditional brokers and exchanges, finding that at an average of a 0.33-percent haircut, cryptocurrency platforms were overcharging. 1/ Are crypto exchanges overcharging customers? The average “Maker Fee + Taker Fee” in crypto SPOT exchanges (excluding Gemini) for the lowest volume…

Swiss President Says Regulation for Blockchain Firms Should be ‘Fast and Clear’

March 28, 2019 boss

The president of the Swiss Confederation, Ueli Maurer, has stressed that establishing regulation for the blockchain sector should be fast and clear. Maurer made his remarks at the CV Crypto Valley Summit in Zug on Wednesday, according to a report from local financial news agency FinNews on March 27. Maurer — who is also the country’s Minister of Finance — addressed the summit just days after the country’s Federal Council launched its consultation process with the Swiss parliament over prospective amendments to federal law that would improve the legal status…

Spain’s Securities Regulator Says It Has Not Authorized Any Entities to Operate ICOs

March 28, 2019 boss

The Spanish National Securities Market Commission (CNMV) has affirmed that it has not authorized any entity to operate an initial coin offering (ICO) with the agency’s official sanction. The news was reported by Cointelegraph en Español on March 27. The regulator issued an official announcement on March 26, which underscored that the agency had to date neither approved nor exercised any power of authorization or vetting of any project in the ICO sector. CNMV thus stressed that any white paper or other documentation sent to prospective ICO investors should include…

Japan Green Lights 2nd Crypto Exchange for April Launch as Data Shows Huge Interest

March 28, 2019 boss

Japanese financial regulators approved a second cryptocurrency exchange to begin operations this week, a press release from local exchange DeCurret, the applicant, confirmed on March 25. DeCurret, which joins an offering from e-commerce giant Rakuten in launching on the domestic market, will begin trading on April 16. Together with Rakuten Wallet, previously known as Everybody’s Bitcoin, next month will mark the debut of new-to-market Japanese exchanges approved under new licensing laws. “With the concept of ‘connecting and exchanging all values and making transactions simple,’ DeCurret aims to become ‘a major…

Bitcoin, Ether, and XRP Weekly Market Update March 28, 2019 – BTCMANAGER

March 28, 2019 boss

The total crypto market cap gained $1 billion for the seven-day period and now stands at $142.4. The top ten cryptocurrencies registered mixed gains with Cardano (ADA) and EOS being the big winners while XRP and Stellar XLM could not escape the red zone. At the time of writing bitcoin (BTC) is trading at $4,072 while ether (ETH) stands at $140. XRP’s Ripple is at $0.3115. BTC/USD Bitcoin closed the trading session on March 21, 2019, with a drop to $4,043. The move represented a two percent loss and was…

Huobi’s US Arm Bets Big on Institutional Investors

March 28, 2019 boss

Photo: Huobi Global / Medium HBUS, the US branch of the world’s leading digital asset trading platform Huobi, is staking on institutional investors. With the purpose of developing additional services for institutional customers, the company has created a group headed by Katelyn Mew, a former BlackRock VP and HBUS’ current VP of sales and marketing, and Oren Blonstein from fintech provider Tora Trading Services. Mew explained: “Institutional clients are seeking sophisticated trading platforms and a trusted marketplace. Unfortunately, the current landscape is significantly behind the traditional financial services industry. As…

Huobi’s US Arm Bets Big on Institutional Investors

March 28, 2019 boss