In our “Stock” section, we cover news and developments related to traditional financial markets and publicly traded companies. Here you will find information about stock market trends, major companies, and the intersection between stocks, fintech, and cryptocurrencies. Read the “Stock” section on ForkNews to stay informed about movements in the global financial markets.
OKEx Corporation, a popular cryptocurrency platform, announced the launch of new XRP/BTC and LTC/BTC pairs for margin trading. Trading became available to users from 7:00 UTC. The Hong Kong exchange notes that the expansion is due to meeting public demand for the growing popularity of margin trading.
Most of the stolen funds from this year's Bithumb hack were sent to the Russian exchange Yobit. Crystal Blockchain Analytics analysts came to this conclusion after a thorough study of the data.
Accounts indirectly associated with controversial crypto platform World Exchange Services (WEX) have been frozen by Binance. 93,000 ETH coins were transferred to this exchange from two WEX cold wallets, and users are concerned that their funds may be lost forever.
Even under the pressure of a bearish paw, investors see prospects in the crypto business. Crypto exchange Coinbase has announced that it is now valued at more than $8 billion after it closed a new $300 million round of funding to "accelerate the adoption of cryptocurrencies and digital assets."
Nearly nine months after the largest hack in the history of the crypto industry, Coincheck has opened new user registrations and resumed trading on a limited basis.
ADAB Solutions, which is based in the United Arab Emirates, has announced plans to launch FICE - the First Islamic Crypto Exchange - next year, which will operate “in accordance with Sharia law.” It is reported that by 2020 the company plans to achieve daily trading volume of $146 million and monthly trading volume of $4.4 billion.
Japanese cryptocurrency exchange Coincheck continues to struggle for financial stability after becoming the victim of the largest hacker attack in the history of the crypto industry earlier this year. However, the company has so far reported losses totaling more than $5 million for Q3 2018.
One of the world's leading cryptocurrency exchangers, Hong Kong-based OKEx, has announced its intention to remove dozens of trading pairs on its platform. The delisting announcement was published on the company's website.
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