Poloniex Stops Offering Nine Coins in US Due to Uncertain Regulations

Leading cryptocurrency exchange Poloniex will stop offering nine coins to United States-based customers due to uncertain regulations, according to a blog post published on May 16. Starting from May 29, Poloniex will stop offering trading in Ardor (ARDR), Bytecoin (BCN), Decred (DCR), GameCredits (GAME), Gas (GAS), Lisk (LSK), Nxt (NXT), Omni Layer (OMNI), and Augur (REP) for its customers in the U.S. Trading with the aforementioned assets will remain available for the exchange’s customers outside the U.S. Poloniex said that the decision was motivated by the uncertain regulatory environment in…

Australian Advisory Firm to Launch $250 Mln Digital Securities Offering for Mining Sector

Major Australian capital advisory firm PCF Capital Group has chosen permissioned blockchain ecosystem KoreConX for a $250 million digital securities offering. The news was revealed in a press release shared with Cointelegraph on May 14. PCF Capital is a corporate advisory firm with a focus on serving clients within the mining and resource sector, and has executed 120 mine divestment and project financing mandates for over $2 billion, according to the press release. KoreConX is reportedly a permissioned blockchain ecosystem for fully-compliant digital securities. It comprises a network of broker-dealers,…

Bitfinex Confirms Initial Exchange Offering to Raise Up to $1 Billion in Tether

Embattled cryptocurrency exchange Bitfinex confirmed it would conduct a $1 billion so-called initial exchange offering (IEO) in a whitepaper issued on May 8. Bitfinex, which faces ongoing legal scrutiny from authorities who accuse it of losing $850 million, had hinted it would seek to sell its own tokens earlier this month. The release of a formal whitepaper reveals few changes from the original rumors, with the sale of up to 1 billion LEO tokens, each worth 1 tether (USDT), lasting until May 11. Investors will be able to use to…

Bitfinex Releases Official White Paper for $1 Billion Exchange Token Offering

Cryptocurrency exchange Bitfinex has released the official white paper for its $1 billion exchange token sale, revealing it will also launch a dedicated platform for projects to raise funds via similar initial exchange offerings (IEOs) starting from next month. Bitfinex published the white paper Wednesday, confirming recent reports that it’s aiming to raise up to $1 billion worth in the tether (USDT) stablecoin by selling its own exchange token, dubbed LEO, in a private sale. However, the white paper indicated the private sale will end on May 11, not the…

OKEx Incentivizes Market Makers With New Program Offering Lower Trading Fees

A crypto exchange has unveiled its new market maker program, with incentives for participants in the form of lower trading fees and reduced transaction costs. OKEx — which, according to CoinMarketCap, is the world’s biggest exchange by trading volume at the time of writing — says the program is open to users who have completed the necessary Know Your Customer (KYC) verification procedures and have total assets exceeding 20 bitcoin or the equivalent in their account. The company says these requirements are “less strict” than those offered by its rivals.…

Data Market Ocean Tries New Token Sale After CoinList Offering Misses Target

After a token sale on CoinList failed to reach its target, data marketplace Ocean is trying again on crypto exchange Bittrex International. Ocean Protocol has a vision to become the ecosystem for “a new data economy,” its founder Bruce Pon told CoinDesk. With the release of Ocean’s version 1.0 beta network earlier in April, its tokens are ready to be used on the platform, but the company has not quite met its fundraising goal. Through its initial exchange offering (IEO), Ocean aims to raise $6.77 million in bitcoin, following a previous…

Crypto Platform Offering Intuitive Tools Teams Up With Binance

A platform that says it offers an intelligent and faster way of trading cryptocurrencies has announced a collaboration with Binance, the largest crypto exchange in the world. Koinfox believes the collaboration will mean that its intuitive tools will be available to a wider audience. The company claims it is the world’s first crypto platform to offer “Bracket Trading” across global exchanges — a tool that brings together buy price, sell price and stop loss into one place for individual traders. As well as enabling traders to receive live status updates…

Fintech Platform Expands by Offering Wallets and Exchange Tools for ‘Crypto Spring’

A fintech company says it has reached several milestones that help crypto enthusiasts capitalize on the current bull market, as it complements its crypto lending service with wallets, blockchain integration and crypto-fiat conversions. YouHodler offers cash loans of up to $30,000 to consumers who are willing to use their cryptocurrency as collateral. As previously reported by Cointelegraph, this gives people the chance to unlock liquidity and access funds without selling their assets. The platform says suggestions from its community are instrumental in its ambition to unveil new features — and…

BC Group Unveils Insured Custody Offering for Asia-Based Crypto Investors

Hong Kong trading and asset management firm Branding China Group (BC Group) is launching an insured custody service for cryptocurrencies, the company confirmed in a press release shared with Cointelegraph on April 1. BC Group, which owns a portfolio of various blockchain companies, including cryptocurrency trading platform Anxone and digital asset brokerage OSL, said it decided to build the service to respond to the needs of institutional investors in Asia. Its release, it says, constitutes the first such insured custody solution for crypto assets available locally, but will use United…