SA Purple Group Confirms Adding Cryptos to Its Online Trading Platform

SA Purple Group Confirms Adding Cryptos to Its Online Trading Platform South African financial company Purple Group has confirmed the addition of two cryptocurrencies, bitcoin and ethereum, to its online trading platform. According to a representative, the decision came in response to strong demand from clients earlier this year. The move has expanded the trading…

Bitcoin is Great for Criminals. It’s Even Better for Law Enforcement

Bitcoin is Great for Criminals. It’s Even Better for Law Enforcement When the indictment of Russian intelligence officers for interfering with the US election broke, the recriminations were swift. Not only had the 12 allegedly hacked the Democratic National Committee, but they’d had the temerity to do so using servers paid with cryptocurrency. When politicians…

Top Swiss Stock Exchange Says It Is ‘Open’ to Offering Crypto Trading on Its Platform

Top Swiss Stock Exchange Says It Is ‘Open’ to Offering Crypto Trading on Its Platform SIX Group, the parent company of Switzerland’s principal stock exchange, has revealed that it is “open” to the possibility of offering cryptocurrency trading services on its digital trading platform. The platform, still in development, is set to launch by mid-2019,…

Hong Kong Monetary Authority to Launch Multi-Bank Blockchain Trade Finance Platform

Hong Kong Monetary Authority to Launch Multi-Bank Blockchain Trade Finance Platform Hong Kong’s de facto central bank will launch its own blockchain trade finance solution with 21 banks in August, Financial Times (FT) reported Sunday, July 15. The joint venture between the Hong Kong Monetary Authority and Chinesecompany Ping An Group’s fintech subsidiary OneConnect aims to substantially reduce paperwork, costs security risks for…

FN: BlackRock Eyes Bitcoin Futures, Market Reacts to Increased Institutional Interest

FN: BlackRock Eyes Bitcoin Futures, Market Reacts to Increased Institutional Interest The world’s largest exchange-traded fund (ETF) provider BlackRock announced the formation of a working group to assess potential involvement in Bitcoin(BTC), Financial News (FN) reports today, July 16. The move furthers a U-turn on BlackRock’s previously critical stance towards cryptocurrency.  Following in the footsteps of fellow giant Goldman Sachs, the…

Crypto Week In Review: Bancor Hack, Coinbase Add Tokens, Price Drop

Crypto Week In Review: Bancor Hack, Coinbase Add Tokens, Price Drop Despite seeing bearish price action, with the market moving down by 10%, the past week was still rife with news about cryptocurrency exchanges. This Week’s News Headlines Hedge Fund Investor Takes Step Into An Unfamiliar Space Steven Cohen, a well-known hedge fund manager, recently…

Russians Indicted for US Election Hacks Used Bitcoin to Fund Operations

Russians Indicted for US Election Hacks Used Bitcoin to Fund Operations A group of Russian military intelligence officers indicted Friday as part of an ongoing investigation into interference in the 2016 U.S. presidential election allegedly used bitcoin to fund their operations. In the just-released indictment, prosecutors assert that the 12 named intelligence officers hacked computer networks…

Bloomberg: R3 Considers IPO Launch, Potential Buyers Express Interest

Bloomberg: R3 Considers IPO Launch, Potential Buyers Express Interest R3, a blockchain software enterprise that leads a consortium of more than 200 members, is considering launching an initial public offering (IPO), Bloomberg reported July 13. A source familiar with the issue told Bloomberg that the firm is negotiating an IPO with advisers, while potential buyers have already expressed interest in the…

Texas State Securities Board Issues Cease and Desist Order to Crypto Promoters

Texas State Securities Board Issues Cease and Desist Order to Crypto Promoters The Texas State Securities Board (SSB) has issued an emergency cease and desist order to a network of cryptocurrency-related firms, the SSB announced in an official statement July 12. SSB commissioner Travis J. Iles took emergency action on July 11, suspending a group of crypto-related companies that allegedly…

VeChain Price: Lowest Value in Seven Months has Been Reached

VeChain Price: Lowest Value in Seven Months has Been Reached The cryptocurrency markets currently offer an interesting mix of ups and downs. Although the downtrend vastly outweighs the positive momentum, these coming hours will get very interesting regardless. Some coins may struggle to recover their losses. The VeChain price, for example, is down by 11.91% for no…

Texas Regulator Issues Cease and Desist Order to a Network of Crypto Companies

Texas Regulator Issues Cease and Desist Order to a Network of Crypto Companies The Texas State Securities Board has taken an emergency action to stop a network of crypto-related companies from illegally offering investments in the state. A token offering and a mining firm are among those targeted by the securities board as selling fraudulent…