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US cryptocurrency firm, Bittrex is joining London FinTech firm invest.com to launch a new cryptocurrency trading platform that is focused on the European market. Bittrex tweeted this announcement saying it will “launch a digital platform that will initially focus on EU customers”. Bittrex has consistently been one of the top cryptocurrency exchanges over the...

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o Independent Reserve, the first regulated cryptocurrency exchange in Australia is expanding and will be listing Ripple. The platform also allows trading in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Users can purchase Ripple in $USD, $AUD, and $NZD. Adrian Przelozny, Independent Reserve’s CEO has said that adding Ripple is in line with its strategy of adding...

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o Malta has established a comprehensive legal framework for cryptocurrencies. The parliament of Malta has passed three bills regulating cryptocurrency activities: the Malta Digital Authority Act (MDIA), the Innovative Technological Arrangement and Services Act (ITASA) and the Virtual Financial Asset Act (VFA). Malta’s Junior Minister for Financial Services, Silvio...

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o Thailand will govern initial coin offerings (ICOs) with a new rule which takes effect on July 16th. Any project that wishes to conduct an ICO must file an application with regulators before the token sale. However, Thailand’s SEC will first screen ICO portals, where ICO token sales take place. Approved ICO portals will be responsible for screening ICOs primarily...

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o Transaction costs for Ethereum have been much higher than usual over the past few days. It is reported that miners have been collecting 10x more fees than average over the past 5 days. It is reported that this increase is caused by a cryptocurrency exchange China, FCoin, which has inappropriately incentivized users to deposit tokens. As a result, there has been...

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o Spain’s governing party believes that the government should use blockchain to operate the country’s public administration more efficiently. Last week, 133 deputies form the Popular party submitted a blockchain proposal which recommended that the government use blockchain to improve internal processes, traceability, robustness and transparency. The proposal also...

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The Virginia Pilot reported that Bitcoin ATMs are becoming more popular in the US, especially in US inner cites. According to the Virginia Pilot, there are 80 Bitcoin ATMs in Detroit and now 2,032 across the country. There is speculation that individuals using Bitcoin ATMs are likely to not have bank accounts. John Sedunov, professor of finance at Villanova...

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Huobi’s HADAX cryptocurrency exchange platform published an update last week called “HADAX Super Nodes and Voting Rules Updates and Subsequent Arrangements” which detailed that HADAX will rely on two separate groups of funds to assist with the decision of new listings. The cryptocurrency exchange launched HADAX this year which allows users to vote, using the HT...

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Cryptocurrency exchange Kraken has responded to a recent Bloomberg article that argues Tether (USDT) is being manipulated on their exchange. Kraken’s response claimed that Bloomberg’s article was written to influence the price of futures trading. The Bloomberg article claimed that data from Tether trading on Kraken raised red flags for regulators on June 29....

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The Huobi Group, has announced that it is opening an office in London. Additionally, the firm will be opening Huobi OTC and Huobi Quant Trading. The two trading programs will be geared towards “master crypto-traders” who trade large amounts of cryptocurrencies. Huobi stated that trading large amounts of cryptocurrencies over-the-counter is much safe rather than on...

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The US Securities and Exchange Commission (SEC) approved plans for public comment which would allow investment companies to bring new ETFs to the market which invest in blockchain companies. The proposed changes indicate that ETFs launches do not need to seek special permission from the SEC if the ETF is considered a plain vanilla ETF. An exotic ETF would come...

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Thailand has written the Digital Asset Business Decree, which defines cryptocurrencies as a medium of exchanging goods and digital tokens as the right to participate in an investment or to receive specific goods. The country has also laid out regulations for businesses that operate as exchanges, brokers or dealers. Interestingly, Thailand has required that all...

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The securities regulator in Canada’s Ontario province is concerned about public knowledge on cryptocurrencies. The Ontario Securities Commission (OSC) surveyed 2,500 individuals which showed that 42% of individuals who had bought cryptocurrencies did so with the hope of making profits by selling at a higher price. The OSC is concerned that individuals have...

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Over 500 Singaporean businesses have adopted technology from Electrify, which is a new blockchain-based energy platform. Electrify gives customers access to more than one energy provider on a single dashboard where prices can be compared. Electrify uses smart contracts which saves 30% in transaction costs. The annual energy use in Asia is expected to rise from...

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A cryptocurrency startup, Reserve, is attempting to establish itself as a “stable” cryptocurrency. The stable coin Reserve, is backed by Peter Thiel, Coinbase and 40 other investors. It will be pegged 1:1 to the USD. The key strategy of Reserve is to use cryptocurrency assets from outside its ecosystem to maintain a peg. Reserve has encountered significant...

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Cryptocurrency wallet Blockchain.com announced that it will be providing an institutional platform for trading and wallet storage called Blockchain Principal Strategies (BPS). The platform will cater to institutions, family offices, and individual investors. The new platform will provide over-the-counter (OTC) trading – facilitating larger trade orders. The...

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The German Financial Stability Committee (AFS) has said that cryptocurrencies do not pose a threat to the country’s financial stability. The committee performed a study and reported that currently cryptocurrencies lack general acceptance and that transaction costs are too high. The AFS also stated that cryptocurrency tokens do not serve as a means of payment, a...

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o A research study in the United Kingdom claims that 21% of the population aged between 21 and 35 would rather invest in Bitcoin instead of real estate. The study was conducted by UK-based build-to-rent developer – Get Living. The study, which polled 3,000 adults, found that 57% of millennials consider property investment over the next 5 years as risky. Over a...