Tag Archives: Exchange

Binance’s New UK Exchange Overwhelmed by Demand Amid Brexit Fears

The crypto bear market has not deterred the big players such as Binance from continually expanding. Their latest announcement was the opening of a new fiat exchange in Jersey, part of the UK’s Channel Islands. What it didn’t anticipate was an overwhelming demand from the UK as a result of Brexit concerns. Binance’s new Jersey based exchange offers… Read More »

US Partner of Crypto Exchange Huobi Rebrands as Huobi

HBUS, the United States-based strategic partner of China-born crypto exchange Huobi, has announced the rebranding of its retail trading service from HBUS.com to Huobi.com. The rebranding was shared in a press release with Cointelegraph on Jan. 11. As reported, HBUS launched as a strategic partner of Huobi Group — the operator of the flagship Huobi Global crypto exchange — via… Read More »

Bitcoin Exchange ShapeShift Cuts Third Of Staff In Extended “Crypto Winter”

Leading Bitcoin Startup Cuts 37 Staffers Weeks ago, Dovey Wan, a partner at Primitive Capital, leading crypto industry insider, and whistleblower (of sorts), took to her well-followed Twitter soapbox to remark that she expects more layoffs heading into 2019. Referencing the fact that purging staff in the holiday season is taboo, and shouldn’t be done out of etiquette… Read More »

Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions

Sanctions imposed by governments as part of geopolitical struggles do not always filter through to under-regulated industries. Ambitious businesses covet every opportunity for expansion and diversification. That seems to be the reason why a growing number of crypto exchanges are turning their attention to Russia and its diaspora, despite the disapprobation this risks drawing from U.S. officials. Major… Read More »

Major Crypto Exchanges are Focusing on OTC, Do They See Big Institutional Demand?

Since Bitcoin (BTC) found its all-time high in late-December 2017, two weeks shy of one fateful year ago, the leading cryptocurrency has fallen by a jaw-dropping 81%, posting a performance that would make speculators shudder. Yet, dozens of reports indicate that institutional players have only advanced further into the battlefield that is crypto, infusing hundreds of millions, if not billions… Read More »

Major Hong Kong Winemaker is Buying a Japanese Cryptocurrency Exchange

A major winemaker, listed on the GEM board of the Hong Kong Stock Exchange is to acquire a majority stake in a Japanese cryptocurrency trading platform. The deal is meant to “achieve a better return” to the company’s shareholders. In Search for Diversification Madison Holdings Group – a $534 million winemaking company listed on the GEM board of… Read More »

Wine Retailer to Buy Majority Stake in Japanese Bitcoin Exchange for $30M

Madison Holdings Group Ltd. has agreed to buy 67.2 percent of Japanese cryptocurrency exchange Bitocean for 1.68 billion yen ($15.12 million). Inclusive of fees, the wines and alcoholic beverages company will pay a total $30.12 million. According to local media reports, the deal is to be completed through a subsidiary, Madison Labs. Acquisition to Diversify Operations and Expand… Read More »

Layoffs Underway Amid ‘Adjustments,’ Bitcoin Miner Bitmain Confirms

Months after it filed an application to go public on the Hong Kong Stock Exchange, Beijing-based cryptocurrency mining giant Bitmain is undergoing a series of business changes that extend even to its China offices, the company confirmed Tuesday. “There has been some adjustment to our staff this year as we continue to build a long-term, sustainable and scalable… Read More »

Binance Boss Rounds Up a Year in Crypto, Looks Forward to 2019

Bear market or not, Binance has been one of the crypto industry’s biggest shakers and movers in 2018. The exchange has undergone massive expansion both geographically and internally with a raft of new products and services. Chief Executive,  Changpeng “CZ” Zhao, has rounded up the year and posted a few thoughts for the coming one.Binance Buidling into 2019It… Read More »