Bitcoin Above $4,000 Again as Top Cryptocurrencies See Gains Across the Board

Market visualization from Coin360

All of the top 20 cryptocurrencies are seeing moderate gains, with Bitcoin’s (BTC) price going above $4,000 again, according to CoinMarketCap data. At press time, Bitcoin is up nearly four percent on the day, trading at $4,050. Looking at its weekly chart, the current price is lower than the Friday’s high of almost $4,200; but the cryptocurrency is still trading significantly up from $3,294 — the point at which it started this week. Ripple (XRP) — the second largest cryptocurrency by market capitalization — has gained over five percent on…

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Crypto mining giant BitFury raises $80 million in private placement

BITFURY crypto world network news

BitFury, a crypto mining company, has announced the closing of a private placement investment of $80 million, bringing the total funds raised by the firm to $170 million since its Series A round in 2014. The round, according to an official press release, was led by a Paris-based venture capital firm Korelya Capital. Mike Novogratz’s Galaxy Digital, Macquarie Capital, Dentsu Inc., Armat Group and others also participated in the Series C funding round for the San Francisco crypto company. Greg Revenu, Managing Partner of Bryan, Garnier & Co, a Europe-based…

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Binance crypto exchange launches its analysis wing Binance Research

LOOM NETWORK (LOOM)

The most renowned and world’s largest crypto exchange by trading volume, Binance is launching its own analysis and research division. Binance is calling this new analysis wing as Binance Research. Moreover, the research division will focus on creating industry grade analysis reports. The crypto exchange launched the platform on November 8, 2018, for industry analysis. The crypto exchange made the announcement through their official Twitter handle. Furthermore, they also announced it on their official blog about this. The crypto exchange is calling the new firm, an analysis division to the…

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Bittrex to launch crypto exchange in Malta next month

Malta Crypto World

Bittrex has confirmed that “it will open a branch in Malta on Oct. 1, as part of its global expansion plans,” the Investor reported on Friday, September 14. Bittrex’s co-founder and CEO, Bill Shihara, said at the Upbit Developer Conference on the South Korean Jeju Island: We are now planning to launch Bittrex Malta…This will allow us to list tokens a lot faster. The conference is organized by Dunamu Inc., the operator of one of South Korea’s largest crypto exchanges, the Kakao-backed Upbit. Bittrex has a partnership agreement with Upbit…

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Crypto Market Below $200 Billion

crypto market cap

Falling prices have sent the total market capitalization of all cryptocurrencies back below $200 billion. Data from CoinMarketCap shows the total market cap slid to $189 billion on Tuesday, a move that follows successive days of market declines. The market cap first rose above $200 billion in November 2017, a development spurred at the time by the listing of bitcoin futures products. Leading the downward push is zilliqa, which has seen the value of its ZIL cryptocurrency fall by 35 percent in the past 24 hours. The decline is accompanied…

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First crypto firm IPO on London Stock Exchange raises $32.5 Million

London Stock Exchange

A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE). U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be listed on the LSE. The company raised £5 million (about $6.5 million) more than its initial goal of £20 million through the IPO. Argo kicked off on the exchange with about 156 million shares accounting for 53.2% of its issued shared capital, according to a company document. Shares were…

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Bitmain valued at $12B in new funding round

Bitmain office

Chinese cryptocurrency mining equipment producer Bitmain has been valued at approximately $12 billion following a Series B funding round. The company is also reportedly mulling a pre-IPO funding round “in the future”. Chinese cryptocurrency mining equipment producer Bitmain has been valued at approximately $12 billion following a Series B funding round, local news outlet Caixin reported on Friday, citing anonymous sources familiar with the matter. Bitmain has reportedly raised between $300 million to $400 million from Sequoia Capital subsidiary Sequoia China, US hedge fund Coatue and Singapore-based governmental investment fund…

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Galaxy Digital invests in startup that helps launch crypto exchanges

AlphaPoint

AlphaPoint Corp. has raised $15 mln in funding from digital assets merchant bank Galaxy Digital LP founded by billionaire investor Mike Novogratz, Bloomberg reported June 14. AlphaPoint Corp. is a firm which helps organizations launch crypto exchanges and tokenize assets. From now on, Greg Wasserman, managing director of Galaxy Digital Ventures, will reportedly join AlphaPoint’s Board of Directors. Speaking about companies’ dealings, Novogratz said in a statement: “We are in the early stages of a fundamental transformation in financial markets due to the digitization of assets. We are excited to…

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Coinbase Index Fund open for business

Coinbase Index Fund

Coinbase, the operator of the largest U.S. cryptocurrency exchange, confirmed that its Coinbase Index Fund is officially open for business. The exchange operator announced launch of the fund earlier this year. While the Coinbase Index Fund is open to investors, there are hefty minimum investments associated with the new fund. The fund is only open to investors with the ability to invest at least $250,000 or up to $20 million. “At this stage, Coinbase Index Fund is only open to US-resident accredited investors. We’re working on launching more funds which…

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Bitmain valued at $12 billion after raises $400 million in Pre-IPO funding

bitcoin mining

Bitmain, the dominant force in bitcoin mining, has reportedly raised $400 million as it gears up to go public later this year. Regional media outlet China Money Network reports that the funding round, which values the China-based firm at $12 billion, was led by Sequoia Capital China, a VC that has been quite active in the nascent cryptocurrency space. Bitmain has not yet confirmed the funding round publicly. The $12 billion valuation matches Bitmain’s internal estimates but exceeds that of many external analysts, who estimated that the firm was worth…

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Coinbase acquires Keystone Capital

Keystone Capital

Coinbase has acquired three California-based companies in an effort to not only expand its business, but to achieve regulatory compliance as the cryptospace strives for mass adoption. One of the most popular fiat onramps to the cryptospace, San Francisco’s Coinbase, isn’t waiting to be regulated. Rather, the famous exchange is acquiring security broker-dealer Keystone Capital as part of an effort to be recognized as a federally sanctioned securities trading platform. Coinbase’s business has recently expanded to include 20 million customers in over 33 countries, but the firm has traditionally only…

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Chinese ASIC maker seeks $1 billion in IPO

Canaan Creative

Canaan Creative, the second-largest ASIC manufacturer, seeks $1 billion in funding through the largest crypto IPO and the first in Hong Kong Canaan Creative, the biggest Bitcoin mining equipment manufacturer after Bitmain, filed for a public offering in Hong Kong on Tuesday. The company, which controls 15% of the ASICs market, is seeking $1 billion in fundraising after a productive year that had it making revenues of over $200 million. This would be the first time a cryptocurrency-related venture has filed for an IPO in Hong Kong, and the biggest…

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Nasdaq would consider creating a crypto exchange

Nasdaq

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future. The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Friedman remarked, adding: “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors… I believe that digital currencies will continue to persist it’s just a matter of…

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Kraken’s exodus from Japan

Kraken Japan

Kraken, one of the longest-operating cryptocurrency exchanges in the world, is pulling out of Japan. Kraken attributed the exit to the rising cost of doing business in the country, but said that it might return in the future. The exact dates for suspending trading and funding have not been determined yet, and the San Francisco-based exchange promised to contact its clients residing in Japan when this happens. According to Kraken’s statement, which was leaked on Twitter, the suspension of services for Japanese residents will allow the company to shift its…

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Boerse Stuttgart launches crypto trading app

Bison trading app

The Bison app, which was developed by Boerse Stuttgart, will be available to cryptocurrency traders in the fall. Germany is taking the lead among retail exchanges tapping into the cryptocurrency base. Sowa Labs, a fintech subsidiary of Boerse Stuttgart, Germany’s second largest stock exchange for retail derivatives, has launched Bison, a mobile app for trading cryptocurrencies. Bison will support trading in bitcoin, Ethereum, Ripple and Litecoin. More coins will be supported soon. The Bison app rivals the likes of Robinhood in that there are zero trading fees. Meanwhile, it’s a…

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