The operator of Binance’s upcoming U.S. crypto exchange has hired a former Ripple executive to lead the roll out of the new platform.
CoinDesk
Hut 8 Mining on Sustainability, Expansion and Surviving Crypto Winter
Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.
For most mining companies, 2018 was a difficult year. But Hut 8 hung in and, despite having to do a write down, was able to post a small profit.
Coinme and Coinstar Plan Expansion of Bitcoin ATMs Across 19 U.S. States
Coinme has announced that its partnership with Coinstar is paying out major dividends, allowing them to continue expanding their goals to make bitcoin kiosks a commonplace sight in the United States.
The partnership between the two companies began in early 2019, combining Coinme’s bitcoin ATM experience with Coinstar’s nationwide fleet of 20,000 coin-to-cash kiosks.
In a press update on April 24, 2019, Coinme stated that it has experienced “strong national momentum and growth of its mainstream digital currency business, led by a massive increase in the number of kiosks where it offers the ability to buy bitcoin.” Due to the Coinstar partnership, Coinme’s number of bitcoin ATMs has shot up from 70 to more than 2,100 bitcoin-compatible kiosks.
Binance Announces Singapore Expansion, Details Around DEX Launch and Wallet
The China-based crypto exchange giant Binance has announced that it will launch Binance Singapore this month, a fiat-to-crypto exchange with support for the Singaporean Dollar (SGD).
Binance offered few details in the Twitter announcement except for the explicit confirmation that the exchange will be operational within a matter of weeks.
This news has been in the making for several months. At an event in Singapore in September 2018, Binance’s founder and CEO, Zhao Changpeng, reportedly discussed potential plans for opening an exchange in the country, and he confirmed these plans via Medium the following month.
Tether (USDT) Announces TRON (TRX) Blockchain Expansion
The world’s largest stablecoin, Tether (USDT), is expanding beyond the Bitcoin-based Omni protocol and Ethereum (ETH) blockchain to join the TRON (TRX) network. Today we take the next step in our journey towards stablecoin mass adoption though the introduction of USDT on the @Tronfoundation blockchain. Read more about how Tron has become the latest blockchain […]
SludgeFeed
Kraken Advances U.K. Expansion With the Acquisition of Futures Platform
U.S.-based cryptocurrency exchange platform Kraken has completed the largest transaction in its history after it made its foray into the futures trading world with the acquisition of London-based Crypto Facilities.
Jesse Powell, chief executive officer of Kraken, stated, “I’m thrilled to welcome the Crypto Facilities team into the Kraken family. Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019.”
Zebpay Continues European Expansion, Launches EU-Wide Trading Tournament
Cryptocurrency exchange Zebpay is opening new offices in five European countries, increasing its presence on the continent to 43 countries.
Launched in 2015 in India, Zebpay grew into one of the country’s largest cryptocurrency exchanges before shuttering its operation in September 2018, due to the crypto ban in the country. Now, the exchange operates out of Malta, and today’s expansion will make it available for users in Spain, Romania, Slovakia, Liechtenstein and Lithuania.
Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia
Cryptocurrency mobile wallet provider BRD wants to accelerate its international expansion, and it has secured $ 15 million to do it. The Series B funding round was raised from SBI Crypto Investment, a subsidiary of Japanese financial giant SBI Holdings.
BRD will use the funds to scale its operations into the Asian market.
“It’s very gratifying to see such a significant financial institution as SBI validating BRD’s technology and business model through a strategic investment during an otherwise difficult time for the industry, and we believe it’s precisely these attributes about BRD which set us apart and position us for significant growth this year and beyond,” said Adam Traidman, CEO and co-founder of BRD.
ReKTGlobal Raises $10.8 Million to Fund Rogue’s Global Expansion
ReKTGlobal, the owner of the Rogue esports organization, has announced the closing of a $ 10.8 million Series A fundraising round led by Nick Gross with participation from Steve Aoki and Imagine Dragons. We’re incredibly proud and happy to announce our Series A funding round. @nickgross and the investors selected for this round bring incredible expertise and connections in […]
SludgeFeed
Robinhood Makes Hiring Efforts Ahead of UK Expansion
According to a report by Techcrunch, Robinhood, the zero fee trading company based in the United States, is making plans to open an office in London and it has started recruiting to that effect. Various sources in and within London’s FinTech market have confirmed that Robinhood, which was launched back in 2013 and is valued
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Hungary Is Built for Rapid Expansion in Civilization 6: Gathering Storm
Civilization VI: Gathering Storm, the second expansion to Civ 6, is set to bring a number of new gameplay dynamics, in addition to 9 new leaders and 8 new civilizations. Shortly after the launch announcement, the first major civ addition was revealed to be Hungary, led by Matthias Corvinus, who was King of Hungary and Croatia from 1458 to […]
SludgeFeed
OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America
Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.
Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he is not worried about market volatility as they launch on a new continent:
“Overall, we are very bullish on the cryptocurrencies markets throughout the world and in Latin America in particular. The growth might not be perfectly linear, but we fundamentally believe in the potential of cryptocurrencies to fix what ails many of the infrastructure problems that ail the global economy.”
Ripple Delivers On Its UAE Expansion
The company behind the third biggest cryptocurrency in the world, Ripple has lately seen a big increase in the number of its customers. Last month, in October the firm began talks with SWIFT on the subject of the potential partnership, which make XRP a new highway for cross-banking settlements. The company also presented the world it’s the latest advertisement which demonstrates how long it takes in our high-tech century to transfer money anyway in the world and explains why Ripple is the best solution.
TwitchCon 2018 Update: Group Streaming, eSports Expansion and a Snapchat Partnership
Twitch, the live streaming video platform owned by Twitch Interactive, a subsidiary of Amazon (AMZN), is currently hosting TwitchCon 2018, a weekend-long event highlighting the company’s upcoming updates, events and more. Go live on Twitch with up to three other streamers, all in a single view. Squad Stream rolls out in 2019. pic.twitter.com/UIkbSmNIBI — Twitch (@Twitch) […]
SludgeFeed
Chinese Crypto Wallet Cobo Raises $13 Million, Eyes Global Expansion
Plans for worldwide growth are on track for cryptocurrency wallet startup Cobo after it managed to raise US$ 13 million in a Series A round. The cryptocurrency wallet startup, which is based in Beijing, China, has set its sights on expanding in the United States as well as in Southeast Asia particularly Indonesia and Vietnam. The
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Institutes RiskBlock™ Alliance picks Deloitte to speed blockchain apps devt., Canadian expansion
The Institutes RiskBlock™ Alliance, a blockchain consortium of 31 risk management and insurance firms, has picked UK-incorporated global professional services organization Deloitte to assist in furthering its blockchain application and product development efforts. Exploiting its industry-leading dig…
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Winklevoss-Led Cryptocurrency Exchange Gemini Eyes UK Expansion: Report
Gemini, the U.S. cryptocurrency exchange founded by bitcoin billionaires Cameron and Tyler Winklevoss, is rumored to be eyeing an expansion into the United Kingdom. Gemini Plots Transatlantic Expansion Citing two sources close to the process, the Financial Times reports that the New York-based exchange operator has hired advisors regarding a move into Britain and may
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Bancor Bent on Cross-Chain Liquidity With Expansion to EOS Blockchain
In a bid to extend the reach of its services, Bancor is opening up shop on another blockchain.
The decentralized exchange protocol is expanding to EOS, a Bancor blog post reveals. Speaking to Bitcoin Magazine, Bancor’s Director of Communications Nate Hindman said the protocol will still allow users to trade Ethereum tokens, while its newest iteration, BancorX, will introduce this functionality to Ethereum’s rival, as well.
“Bancor is not ‘switching’ to EOS. Bancor will continue to support and advance its protocol and liquidity network on the Ethereum blockchain. With the BancorX launch, we are expanding Bancor to also support the EOS blockchain.”
Singporean Crypto Exchange Invests $3 Million in Bitcoin Australia for International Expansion
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
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.