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.
The largest cryptocurrency platform Binance announced the creation of a new platform - a single market for stablecoins. Company representatives have not disclosed any details regarding the new market, but we do know that USDT will be part of this platform.
According to Financial Magnates, the Coincheck exchange told customers that it plans to resume full support for all cryptocurrencies that existed before the hack in January 2018, which cost the company half a billion dollars. Among other things, users can once again deposit, withdraw and sell Ripple's altcoins XRP and Factom (FCT).
Bitfinex, the fifth crypto platform in the CoinMarketCap ranking, without announcing changes, increased the minimum fee for withdrawing fiat funds from $20 to $60.
The Globee platform is an international payment service that conducts instant transactions on the Bitcoin network via the Lightning Network. Until yesterday, the GloBee crypto-processing service supported payments for Bitcoin Cash, along with Ethereum, XRP, Monero, Litecoin, Dogecoin and Decred.
On Thursday, cryptocurrency exchange KuCoin announced that it plans to remove 6 tokens from its trading platform, namely EncrypGen Token (DNA), Publica Token (PBL), Raiden Network Token (RDN), Monetha (MTH), Blockmason Credit Protocol (BCPT) and Gladius Token (GLA).
Coinbase continues to keep investor funds still locked up as it waits for "stability" on the BCH network and prices continue to spike, bankrupting traders.
Last week, immediately after the Bitcoin Cash (BCH) hard fork, it was too early to say which fork would become dominant. Large exchanges have stopped trading Bitcoin Cash until the chain split is assessed by experts and, having divided the BCH balances into two new assets, took a wait-and-see approach.
San Francisco-based crypto exchange Kraken, the largest and one of the most secure crypto platforms, has warned users about the risks of trading the new Bitcoin Cash SV (BCH SV) token, saying the fork does not meet all of the exchange's listing requirements.
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