Blockchain 

Analyst Predicts Bakkt Will Build Trust in Crypto Markets

Prominent analyst Tom Lee believes the launch of Bakkt will help build trust towards crypto trading among institutional investors. Lee, a renowned Bitcoin bull and co-founder of the research firm Fundstrat, tweeted his enthusiasm for the long-awaited crypto services platform: “I am very positive on @Bakkt and its ability to improve trust with institutions to crypto.” Bakkt is owned by the Intercontinental Exchange (ICE) and goes live on September 23, having already launched its crypto warehouse service, which saw over $1 billion USD worth of Bitcoin deposited in one day. Many involved parties…

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Blockchain 

Square Crypto Adds 3 New Members to Complete Inaugural Dev Team

Over the years, Square (NYSE:SQ) managed to emerge as one of the most innovative payments company in the United States, and it is no surprise that the company came up with Square Crypto in 2019. Back in March this year, Square made the announcement that it was going to go into crypto, and now the company has started hiring to kickstart the project. Completes Inaugural Developer Team The company announced that it has completed the ‘inaugural developer team’ for the project and has made key appointments already. The development team will…

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Blockchain 

LINE’s Crypto Platform Rolls Out for 80 Million Users in Japan

As far as the creation of a crypto platform is concerned, many of the world’s consumer-facing tech companies are looking at ways to create one. Hence, it is not a surprise that Japan’s messaging app behemoth LINE has now officially launched its own cryptocurrency exchange, Bitmax, and is all set to open up a new chapter in the country’s crypto history. Key Details Japan is a nation that has been highly encouraging towards crypto, and the regulators have helped build a strong ecosystem over the past few years. The establishment of…

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Blockchain 

Binance Makes Investment in Chinese Crypto Media Firm Mars Finance

Binance, the world’s largest crypto exchange, has made an undisclosed investment in Chinese crypto news outlet Mars Finance. Binance participated in a funding round for the blockchain media firm, which brought its valuation to $200 million USD in what was the third such financing since Mars Finance was founded last year. Specifically, Mars Finance provides information and news updates on blockchain, crypto markets, and asset management services. According to a press release issued by the company, it is now China’s most popular crypto news outlet in terms of traffic. Mars…

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Blockchain 

Crypto M&A Picks Up Momentum in Asia and Europe, Says PwC

Even a few years ago, not many would have thought that crypto M&A, or mergers and acquisitions, were ever going to be a thing. However, it needs to be kept in mind that the crypto space has grown and evolved at a remarkable pace over the course of the past few years. Nowadays, the industry surrounding cryptocurrencies has not only evolved dramatically, but an actual ecosystem has emerged. Key Details According to a new report by the consultancy firm PricewaterhouseCoopers, most of the fundraising, as well as M&A, work in…

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Blockchain 

Bitcoin Volatility Eases | Is This Good or Bad for Crypto Traders?

One of the most remarkable cryptocurrency rallies was witnessed back in 2017 when Bitcoin managed to hit a price of almost $20,000 per coin. 2018 proved to be a poor year as the price crashed, but in the first half of 2019, the biggest cryptocurrency by market capitalization made a roaring comeback and scaled new heights once again. Key Analysis However, the past two months have not been particularly great for the token as it lost momentum and stayed within a lower range. A lack of volatility in the case…

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Blockchain 

LINE Gets Crypto Exchange License from Japan Regulators

The crypto exchange space has evolved at a lightning speed over the past few years, and much of that is due to the fact that cryptocurrencies are now traded by a much larger pool of people. Hence, there is also a need for the creation of more crypto exchanges so that people can easily buy, sell, and trade cryptocurrencies. The rally enjoyed by Bitcoin and the wider crypto space this year has necessitated the development of many new crypto exchanges due to heightened demand. Solid Boost In a new development,…

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Blockchain 

Crypto Insurance Market to Get Boost in Coming Years

Around a decade ago, something called crypto insurance would have drawn puzzlement from everyone. The creation of crypto exchanges made it possible for millions of people all over the world to buy crypto tokens with ease. Key Analysis However, the creation of exchanges also drew the attention of hackers, who have, over the years, made away with billions of dollars worth of cryptocurrencies. It is something that has dogged crypto exchanges for many years, and it seems that some of the world’s biggest insurers have finally come up with a…

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Blockchain 

Crypto Phone to be Launched by Samsung

Around a year ago, the notion of a crypto phone would have seemed like something out of a futuristic blog post, but it seems that this is no longer the case. If there is one thing that cannot be denied with regards to cryptocurrencies is that they are here to stay, and the world is now sitting up and taking notice. Last year, banking giant JP Morgan (NYSE:JPM) issued its own cryptocurrency, and more and more giant corporations are now getting into the market in a big way. In a new…

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Cryptocurrency 

Elliptic, A Crypto Forensic Startup, Raises $23 Million USD

Elliptic, a British startup firm aimed at tracing suspicious crypto activity, has raised $23 million USD in a funding round led by SBI Holdings. Elliptic to Expand into Asian Markets The Series B funding round was led by Japanese financial institution SBI Holdings and will enable Elliptic to continue expansion into Asian markets where it has recently opened an office in Singapore and will open another in Japan this week. Elliptic CEO and founder James Smith cited Asia as a highly attractive market for the company due to its prominent…

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