Quick take: Bitmex’s founder and former CEO, Arthur Hayes, has requested leniency from the judge handling his court case Mr. Hayes is requesting no jail time and permission to live abroad and travel freely His lawyers have also asked for probation with no home detention or community confinement Arthur Hayes had struck a plea deal...Read More
In brief: Robinhood has secured $280 Million Series F funding after an $8.3 Billion valuation. The funding will drive a push to expand the platform globally. Robinhood also plans on scaling the platform and offering more products to users. The team at the popular trading platform of Robinhood has announced that the firm has secured...Read More
The fully-decentralized network of stablecoins, PegNet, announces the launch of the first mobile wallet for Android users to easily convert pegged asset tokens. PegNet wallet hosts 42 stable pegged asset tokens of the top fiats, cryptocurrencies, and commodities gold and silver PegNet is the first proof-of-work oracle-based stablecoin network for DeFi Fixed $0.001 cost for...Read More
According to a tweet from the CEO of Binance, Changpeng Zhao, the well-known cryptocurrency exchange has suddenly paused its trading due to what is being called “unscheduled maintenance.” The tweet did not explain much more than that, but Binance has been facing issues for the past few weeks, infuriating their users. Due to the nature...Read More
South Korea-based Coinplug, a leading Bitcoin (BTC) exchange, wallet and payment company, has raised 7.5 billion won (appr. $6.4 million) from the venture capital divisions of several major local financial institutions. Coinplug’s management noted in a press release on October 24 that the investments came from KB Investment, the VC arm of the KB Financial...Read More
Xago, a Cape Town-headquartered fintech firm, revealed on October 9 that it’s launching a Ripple gateway and custom-designed exchange. As noted in the release, Xago’s exchange connects to and utilizes RippleNet, a decentralized network of banks and other financial services providers that facilitates quick and cheap cross-border transfers. Notably, the Xago exchange exclusively uses XRP,...Read More
South Korea’s regulatory authorities have strongly favored backing blockchain-related projects over decentralized cryptocurrencies. Some recent events confirm that the nation’s government is more supportive of distributed ledger technology (DLT) itself rather than speculative tokens. Around 97% of local cryptocurrency exchanges are in danger of being shut down, according to local reports. Most Smaller Korean Exchanges...Read More
