Financial Industry News
Say hello to the IFO. The cryptocurrency futures exchange CoinFLEX, backed by Polychain Capital and investor Roger Ver, will launch its first initial futures offering (IFO) this week. “This is the first time we’ve made a futures market for a coin that doesn’t actually exist yet,” CoinFLEX CEO Mark Lamb told CoinDesk. “It’s a determiner […]
Continue ReadingETH price traded as low as $212 and recently corrected higher against the US Dollar. The price traded above the $220 and $225 resistance levels, but it is still trading in a bearish zone. There is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD (data feed via Kraken). The […]
Continue ReadingFollowing Donald Trump’s sudden and mysterious tweets regarding bitcoin last week, Treasury Secretary Steven Mnuchin held an unexpected press conference on Monday. He used coded language telegraphing the end of bitcoin and cryptocurrency. [embedded content] The Feds Want to Stop Crimes and Stabilize Markets Steven Mnuchin was not lying when he said that the federal […]
Continue ReadingFormer Republican congressman and presidential candidate Ron Paul says he is in favor of cryptocurrencies and blockchain technology because he likes competing currencies. Ron Paul delivered his remarks in a “Squawk Alley” interview on CNBC on July 15. According to Paul, cryptocurrencies are a great idea, and governments should only step in to regulate the […]
Continue ReadingBillionaire tech entrepreneur and outspoken Trump supporter Peter Thiel has called on the FBI and CIA to investigate Google for a “seemingly treasonous” decision related to its work in China. Speaking at the National Conservatism Conference in Washington, D.C., the Silicon Valley renegade’s speech focused on burning questions which Google must answer, according to a […]
Continue ReadingSelf-proclaimed electrification, automation and digitalization global giant Siemens has shown an interest in adopting blockchain-based solutions. In particular, Siemens is exploring the use of blockchain in the transportation industry, as per a report by Forbes on July 15. According to Siemens Corporate Technology’s head of cybersecurity and blockchain, Andreas Kind, Siemens is looking to incorporate […]
Continue ReadingRipple has been able to once again find strong buying pressure in the upper-$0.20 region, which has historically been a region of strong support for the cryptocurrency. After touching this region, XRP climbed slightly higher, and is currently outperforming the markets. Analysts are now torn on whether or not this price region marks a long-term […]
Continue ReadingJ.PMorgan has increased its S&P 500 forecast for the next half of the year. The firm’s new outlook comes on the back of increased speculation tilting toward an end to the U.S.-China trade war and the Federal Reserve adopting a seemingly softer monetary policy. The new Fed monetary policy is predicted to result in reduced […]
Continue ReadingCryptocurrency asset management firm Altonomy has raised $7 million in a seed round from digital assets investment company Polychain Capital, according to a press release on July 15. Singapore-based market maker Altonomy is planning to allocate the raised funds to source liquidity for institutional customers like spot and derivatives exchanges. Altonomy provides liquidity for Bitcoin […]
Continue ReadingFollowing a recent council approval, Canadian City of Richmond Hill will be exploring providing crypto asset property tax payments. Helping to provide the service will be domestic digital currency platform, Coinberry. The City of Richmond Hill is the second Canadian city to accept cryptocurrency for tax payments. Innisfil in Ontario was the first city to […]
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