Bitcoin (BTC) price swiftly fell to $11,322 after reaching a daily high at $11,909 The drop came as U.S. jobless claims fell to $1.2 million but lawmakers inability to reach a deal on the next coronavirus stimulus package has worried some investors Despite the pullback to the $11.4K support, Bitcoin price remains in an uptrend Crypto market daily price chart. Source: Coin360 Earlier today Bitcoin (BTC) price abruptly dropped to $11,322 after topping out at $11,909. The mild correction came as U.S. jobless claims fell to 1.2 million and U.S. markets opened slightly in the red but by the end …

Blockchain-powered financial services company Diginex launched its new Equos digital asset exchange on July 30. The exchange will initially host crypto asset spot trading, with plans for “perpetual swaps, dated futures, options, and other derivatives products” to soon follow. The platform will support USD and the USD Coin (USDC) stablecoin at launch. The spot exchange is licensed under an exemption to the Singapore Payment Services Act, with Diginex having also applied to become a ‘Major Payment Institution’ with the country’s regulator. The platform will also facilitate interoperability with Diginex’s hot and cold digital asset custodian, Digivault, in addition to Diginex’s …

Typically, blockchain exchanges and traditional exchanges, such as the Nasdaq or London Stock Exchange, have been seen as polar opposites where blockchain exchanges are seen as a more open, community-focused option, whereas traditional exchanges are seen as relics of the old financial system — stuffy and opposed to blockchain technology and crypto. This now seems to be changing, as blockchain exchanges have finally begun to form strategic partnerships with traditional stock exchanges, which allow the blockchain exchanges to utilize their technology in their operations. Is this the future of blockchain exchanges? Problems with traditional asset exchanges There are many disadvantages …

On June 26, Chinese firm Ebang was listed on the Nasdaq Global Market under the ticker EBON, becoming the second Bitcoin (BTC) mining manufacturer to go public on a United States stock exchange. The company intends to secure up to $125 million in the offering and follow up with an ambitious enlargement — namely, it plans to open up a cryptocurrency exchange and mining farms. So, what does going public mean for the mining player, and will other crypto companies follow suit? From telecoms equipment to Bitcoin mining According to documents Ebang filed with the U.S. Securities and Exchange Commission, …

Chinese Bitcoin (BTC) miner manufacturer Ebang will reportedly be listed on Nasdaq Global Market under the ticker EBON later this week, becoming the second crypto mining company to go public in the United States. According to a report from Chinese crypto news outlet Blockbeats, Ebang will be officially listed on Friday, June 26. Additionally, Blockstream chief strategy officer Samson Mow tweeted a screenshot of an invitation to a Ebang event held at a hotel in Hangzhou, where the company is headquartered, which also starts on Friday. Ebang aims to raise $125 million, extending the original goal Ebang filed for a …

David Weild IV, who is known as the father of the JOBS Act, believes that the issuance of the digital dollar is imminent and that the U.S. government should hurry up with it. In addition to garnishing bipartisan support for one of key legislations of the Obama era, Wield served as vice-chairman of NASDAQ, and currently manages his own decentralized investment bank that helps crypto and blockchain companies raise capital. China is unpredictable Weild does not believe that the digital yuan will generate a lot of demand outside of China because of the restrictive nature of its political system. Meanwhile, …

Microsoft’s principal architect, Marley Gray, and Enterprise Ethereum Alliance’s former executive director, Ron Resnick, on Tuesday launched the InterWork Alliance, a nonprofit organization aimed at bringing global standards to the token-based ecosystem. At launch, the IWA included more than 28 blockchain, technology and financial organizations from around the world, including Microsoft, Chainlink, Hyperledger, IBM, Nasdaq, Accenture and others. The IWA indicated that startups presently working on tokenized ecosystems are mostly focusing on their individual solutions and marketing their platforms to other businesses. Setting global standards, it said, will help focus this wide-scale innovation to make a collective impact on businesses. …

Cryptocurrency mining application specific integrated circuit (ASIC) producer Canaan filed with the U.S. Securities and Exchange Commission (SEC) to issue around $12.4 million worth of shares to its employees. According to the S-8 form, filed with the SEC on May 27, Canaan is looking to issue nearly $12.4 million of class A ordinary shares with a maximum offering price of $0.24 per share. As Cointelegraph reported in late November 2019, Canaan raised $90 million by selling 10,000,000 shares for $9 each in its initial public offering (IPO). According to Google Finance data, as of press time the firm’s stock had …

Nasdaq, the world’s second-largest stock exchange, is going to introduce new restrictions on initial public offerings, or IPOs, to prevent smaller Chinese companies from getting listed, a recent Reuters report citing anonymous sources suggests. Chinese IPO seekers tend to lack accounting transparency and have “close ties to powerful insiders,” Reuters’ sources claim, which is why the new rules will reportedly set out a minimum value on the size of IPOs for the first time on Nasdaq. Specifically, the exchange might require companies “from some countries, including China,” to raise at least $25 million in their offering or, alternatively, at least …

Data published by market research firm Fundstrat shows that Bitcoin (BTC) is the top-performing asset class of 2020 so far. The data, posted to Twitter by Fundstrat’s Thomas Lee, shows Bitcoin to have outperformed every other asset class by at least 19% — with BTC having gained 39% since the start of the year. 20-year U.S. treasures rank as the second-best performing asset with a 21.1% year-to-date (YTD) gain, followed by gold with 12.5%, and U.S. treasuries with 8.9%. Global government bonds and the Nasdaq increased by 1.8% and 1.7% respectively, while high-grade U.S. credit and cash funds post roughly …

The world’s second-largest stock exchange and capital markets technology company, Nasdaq, has entered a partnership with enterprise blockchain solutions platform, R3. R3 announced the partnership on April 29, 2020, stating that Nasdaq will use its blockchain software, Corda, among other services. Their intention is to help financial institutions easily build and deploy institutional-grade digital assets. This is a long-term, non-exclusive partnership between the two firms, which means Nasdaq can still collaborate with other blockchain solution providers to work on new projects. R3’s compatibility with highly regulated environments inspired the partnership Johan Toll, the head of digital assets at Nasdaq, said …

Diginex — a crypto firm to be traded on Nasdaq — has launched a new permanently live custody solution through its subsidiary Digivault. According to an announcement on April 16, the new custody solution — dubbed Helios — protects its users against key duplication, theft, features hardware protection of networks and operates from military-grade secure locations. A security-focused solution Helios is integrated with the firm’s Kelvin cold storage solution, which enables the storage of crypto assets in vaults that also store gold and silver in Asia and Europe. The custody solution is compliant with the U.K. government-backed Cyber Essential Plus …