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.
Buying physical goods with digital currencies is still quite a difficult task. Coinbase plans to (partially) solve this problem by launching a new affiliate program with WeGift. Coinbase users in Europe and Australia will now be able to convert their tokens into gift cards to popular stores.
The owner of the now-defunct exchange BitFunder has pleaded guilty to federal charges of obstruction of justice and securities fraud, Reuters reports.
Google is once again allowing cryptocurrency advertising. At least Coinbase actively displays advertising. This change occurred a couple of days after the company’s advertisement appeared on the Facebook portal.
According to the CME Group report, trading in cryptocurrency derivatives is gaining momentum in the second quarter of 2018 and Bitcoin futures are confidently gaining a foothold in the crypto market.
Crypto exchange Coinbase, which is currently valued at $8 billion, has recently announced a couple of other positive developments. Some of them are the launch of a $20 billion hedge fund and the relaunch of advertising on Facebook.
The US Securities and Exchange Commission (SEC) has denied Coinbase's claim that it has received formal approval to acquire the brokerage.
US cryptocurrency exchange Poloniex, owned by Goldman Sachs-backed financial services company Circle, has launched a trading application for mobile devices. According to an announcement published on the Circle blog, this is the only official app on Android Play and the iOS App Store supported by Poloniex.
According to ZDNet, the South Korean exchange Bithumb plans to expand its activities in Japan and Thailand. The company has already submitted applications for licenses to the Financial Services Agency of Japan and the Exchange Commission of Thailand.
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