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.
According to Swedish media, the American Nasdaq exchange has made an offer to purchase Cinnober, a Swedish software provider for crypto exchanges, for $190 million. According to a Nasdaq statement, the acquisitions will strengthen the company's position as one of the largest software providers for digital markets.
Two major South Korean cryptocurrency exchanges, Bithumb and Coinone, have announced that starting next month, their users will be required to have verified accounts to be able to withdraw fiat.
Investing platform Robinhood, which is rapidly gaining popularity, appears to be making up for lost profits from zero commissions by selling users' data to make a quick buck at high-speed trading firms (HFTs) on Wall Street.
In a press release, Huobi Global announced the acquisition of a stake in Japanese licensed cryptocurrency exchange BitTrade, through Huobi Japan Holding Ltd, its subsidiary.
The founder of the world's second largest crypto exchange was arrested by the Shanghai police - such headlines appeared yesterday on social networks and local media. In fact, the CEO and founder of the OKCoin and OKEx cryptocurrency exchanges, Star Xu, was spotted at the local Shanghai police station. On the evening of the next day, Star Xu left the police station, which means that he was not charged within 24 hours, according to the law.
A startup called Cryptofacil has announced plans to launch the “largest cryptocurrency exchange in Latin America and the Caribbean.” The exchange will be powered by Bittrex trading platform technology and will support 200 digital tokens and over 270 trading pairs.
Coinbase is adding GBP trading pairs to its platform so UK users can trade using their local currency.
The Bittrex exchange decided to delist Bitcoin Gold after the developers refused to compensate 12,372 BTG for losses resulting from an attack on the network in May.
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