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.
US trading app Robinhood has announced the addition of Ethereum Classic (ETC). ETC is now available for investing alongside traditional stock investments.
One of India's largest cryptocurrency exchanges, Zebpay will allow users to trade, store and withdraw Trueusd (TUSD) coins. The dollar-pegged “stablecoin” TUSD is expected to replace fiat funds in the trading process, which was made impossible by the ban by the Central Bank of India.
The hacked cryptocurrency exchange Mt. Gox no longer needs to sell Bitcoin to return lost funds to customers. Lenders are preparing to recover lost BTC and BCH assets.
In its latest quarterly report, Square said its payments app now trades Bitcoin through “private brokers” rather than “public cryptocurrency exchanges.” This means that the majority of Bitcoin trading will come from private over-the-counter (OTC) brokers rather than open public exchanges.
Coinbase is currently considering adding more than 40 new altcoins to its Coinbase Custody service. These assets will potentially be added for storage purposes only and will not be traded on the exchange itself.
South Korean cryptocurrency giant Bithumb is temporarily stopping accepting new clients amid reported problems with renewing its banking service contract.
According to local sources, the Japanese financial institution Mizuho Bank is accused of defrauding the deposits of clients of the Mt Gox exchange who hoped to withdraw their funds after the collapse of the exchange.
The founder of the crypto exchange, Changpeng Zhao, expressed his opinion on Tether (USDT) as part of the Korea Blockchain Week conference, noting that the situation may be cause for concern.
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