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.
Binance appears to be considering expanding its product line to a standalone cryptocurrency wallet. The exchange announced the acquisition of a mobile wallet solution called Trust Wallet, which will “help improve the centralized architecture” of the platform.
One of the largest cryptocurrency platforms, Coinbase, has decided to strengthen its team in an attempt to legitimize digital assets in the eyes of vigilant regulators and institutional investors. The San Francisco startup said Tuesday it is hiring Jeff Horowitz as its first chief executive officer. Horowitz was a managing director and chief technology officer at Pershing, a subsidiary of BNY Mellon.
CryptoCompare, a global aggregator of cryptocurrency market data, has entered into a strategic partnership with Thomson Reuters, a provider of news and information for professional markets. Under the agreement between the companies, CryptoCompare will integrate orders and trading data for up to 50 coins from different exchanges into the Thomson Reuters Eikon financial platform, thereby helping institutional investors gain a better understanding of the overall cryptocurrency asset market.
In an attempt to comply with the requirements of the Japan Financial Services Agency and the need to protect the interests of traders and investors, Bitflyer will block the accounts of users suspected of price manipulation.
Getting all the regulatory approvals to launch a cryptocurrency exchange is a big deal. Liechtenstein-based cryptocurrency exchange Blocktrade has received approval from the Financial Markets Authority, which is a member of the European Securities and Markets Authority (ESMA), and will be the first regulated exchange to open in test mode. The activities of the exchange will be regulated in accordance with the European Union Directive on the Markets in Financial Instruments (MiFID II).
This week, cryptocurrency exchange Huobi informed users of its intentions to launch a p2p platform that will allow trading BTC, ETH and USDT paired with local currencies without transaction fees. “We believe it is time to offer buying/selling of digital assets for rupees to all registered users in India,” the exchange states.
On Tuesday, popular US crypto exchange Coinbase released a statement saying that Fortune was clearing the company of insider and fraudulent Bitcoin Cash trading charges.
On July 25, the Department of Justice (DoJ) showed interest in Poloniex in a rather unexpected way - the head of the investigative team, Craig Weldon, sent emails to a number of exchange users and asked them to answer whether they had encountered difficulties working on this exchange.
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