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Singporean Crypto Exchange Invests $3 Million in Bitcoin Australia for International Expansion

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Singapore-based cryptocurrency exchange KuCoin has marked its foray into Australia with a multi-million investment in a regulated domestic exchange, part of a new joint venture. The Australian Financial Review is reporting that KuCoin has invested the AUD $ 3 million investment in Bitcoin Australia, a domestic exchange that enables bitcoin trading and ethereum buying, enabling the

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OKCoin’s US Expansion Highlights Steep Regulatory Requirements

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The United States is a powerhouse when it comes to finance. As such, most of the world’s cryptocurrency exchanges are either based in or provide services to the US market. For OKCoin, its expansion to the US is slowly coming together, albeit in a very limited fashion.

OKCoin Lands in California

It is good to see international exchanges expand their presence. For OKCoin, its expansion to the United States has been planned for a while now. As of late last week, the company now offers its services to US clients, assuming they live in the state of California. It is a positive first step toward a full-fledged US expansion, although there is clearly still plenty of work to be done.  Read more...

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Japanese Exchange Coincheck Eyes America for Expansion

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Japanese Exchange Coincheck Eyes America for Expansion         

Coincheck, the Japanese crypto trading platform that found new owners after it was hacked earlier this year, is now planning to offer services on the US market. The exchange expects to be licensed in Japan next month, according to the chief executive of Monex, the online brokerage which bought the troubled company last month.    

Also read: Coincheck Resumes Monero Withdrawals and Sales  Read more...

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Bitflyer on Hiring Spree – Discusses Multiple Expansion Plans

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Bitflyer on Hiring Spree - Discusses Multiple Expansion Plans

Japanese exchange Bitflyer is on a hiring spree, trying to tap talent from Wall Street. The company says coders can make $ 100,000, and plenty of employees earn $ 200,000. Besides already operating in three regions, the exchange is expanding into additional countries and adding more services.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Number One Goal

Japan’s largest cryptocurrency exchange by volume, Bitflyer, is on a hiring spree. The company is eyeing traders and bankers from Wall Street, including from its CEO’s former employer, Goldman Sachs, according to Bloomberg. With over 2 million users on its platform, the number of Bitflyer employees “has doubled to more than 150 people in the past six months and is on pace to top 300 before year-end,” the news outlet detailed.  Read more...

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Blockchain Asset Company Huobi Group Announces Expansion to Canada

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Blockchain Asset Company Huobi Group Announces Expansion to Canada

On May 4, 2018, at EDCON in Toronto, Canada, the Huobi Group announced its plans to expand to the Canadian market with a fully operational office in Toronto by the end of the year. This expansion marks the blockchain asset company’s second move into North America this year after setting up operations in San Francisco, and it comes just weeks after Huobi announced it would be opening European operations with an office in London, as well.  Read more...

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Bitmain Explores More Sites for Bitcoin Mining Expansion

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Bitmain Explores More Sites for Bitcoin Mining Expansion

Having already expanded its China-based ASIC chip manufacturing into Switzerland and Canada, Bitmain is looking to add a facility to the Pacific Northwest region of the United States.

According to companies-numbers.com, the co-founder of Bitmain, Jihan Wu, is the sole governing person behind Ant Creek LLC, a company in the Port of Walla Walla, Washington, that was registered in June 2017.

In a news article published on March 8, 2018, by the Walla Walla Union-Bulletin, the city is considering a land-use agreement with Ant Creek that would allow the company to lease land starting in 2019 with an option to purchase up to 40 acres.  Read more...

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