Crypto News 

Bittrex to Halt Crypto Trading Services in 31 Countries

“Crypto exchange Bittrex has decided to terminate its services in 31 countries, citing regulatory uncertainties behind the harsh decision” writes Arnab Shome for financemagnates.com. Meanwhile, to penetrate the European market, the exchange is gearing up to open a digital asset exchange based in Liechtenstein.London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now The crypto exchange detailed that it has informed traders based on each of these countries about the termination of trading services via email.This decision to cut short the markets came months after Bitrex…

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News 

‘I’m not buying anything,’ says Tron CEO Amid Reports of Poloniex Acquisition

“Tron (TRX) founder and CEO Justin Sun has possibly refuted recent reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex” writes Adrian Zmudzinski for cointelegraph.com. On Oct. 18, industry news outlet The Block has also reported that Sun is allegedly involved with the aforementioned Asian investment group, according to anonymous sources at Circle.Per the article, Sun is leading the investment consortium and made a personal appearance at Circle’s headquarters. Source: cointelegraph.com

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Crypto News 

Poloniex Spins Out From Circle to Form New Exchange Not Available in US

“United States-based crypto exchange Poloniex is spinning out from Circle to form a new exchange that will not support trading for customers based in the U.S. The new independent firm, called Polo Digital Assets, will free Poloniex from its parent company Circle, the firm said in an official announcement on Oct. 18” writes Helen Partz for cointelegraph.com. According to the announcement, Polo Digital Assets will not be available for U.S. customers, and Circle will be shutting down operations for U.S.-based Poloniex clients.In late September, Circle announced its decision to pause…

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Crypto News 

Bitfinex Launches Affiliate Program with ‘Unlimited’ Commission

“Crypto exchange Bitfinex on Thursday has launched an affiliate program for the traders on the exchange” writes Arnab Shome for financemagnates.com. You only need to believe in crypto,” Bitfinex noted.Similar to any other affiliate program, it will have a tiered commission structure, allowing the affiliates to earn a percentage of the trading fees for up to three levels of referrals within their network.You don’t need to be an experienced crypto trader or a technologically savvy person who understands cryptographic calculations to promote the ecosystem.London Summit 2019 Launches the Latest Era…

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Crypto Markets News 

A New Trend in Crypto Funding Campaigns: Companies Resorting to IEOs

“While more crypto exchanges announce their support of IEO projects, a new crowdfunding trend is emerging on the crypto market: a shift to multiple IEOs” writes Evan Luthra for cointelegraph.com. The second quarter of 2019 demonstrated a growing popularity of the initial exchange offering (IEO), which has replaced the outdated initial coin offering (ICO) model.Crypto market stats show that over 65 IEOs have been launched in the past six months, with about 40 of them having reached their soft cap or even hard cap successfully.STEO is just an extended version of…

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Bitstamp Integrates Ledger Vault Technology for Custody Options

“Under the partnership, Ledger Vault will provide the cryptocurrency exchange with flexible wallet tech infrastructure” writes Celeste Skinner for financemagnates.com. Europe’s largest cryptocurrency exchange by trade volume, Bitstamp, announced this Tuesday that it is integrating Ledger Vault’s technology to its existing services, in order to enable advanced custody options.Forward-thinking exchanges like Bitstamp understand the importance of endpoint security to safely guard cryptocurrencies,” added Pascal Gauthier, Ledger CEO. “I am thrilled to see them adopt the Ledger Vault technology to securely store their digital assets.As part of this, Ledger will be…

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Crypto News Stocks 

Physically-Backed Binance Coin ETP Launches on Swiss Stock Exchange

“Cryptocurrency exchange Binance has launched a dedicated exchange-traded product (ETP) for Binance Coin (BNB) on a Swiss Stock Exchange” writes William Suberg for cointelegraph.com. Earlier this month, Amun partnered with Bitcoin Suisse to launch an ETP based on the two largest cryptocurrencies, Bitcoin (BTC) and Ether (ETH).The investment tool, which features physically-backed contracts, is a first for BNB, which is Binance’s in-house cryptocurrency token. Source: cointelegraph.com

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Crypto News 

Ripple, Coinbase Invest in Mexico’s Biggest Crypto Exchange Bitso

“Earlier in 2019, Ripple launched On-Demand Liquidity (ODL) capabilities with MoneyGram into Mexico, where Bitso was a key exchange partner, Ripple added” writes Helen Partz for cointelegraph.com. Ripple, the firm behind the third biggest cryptocurrency XRP, has led an investment round in Bitso, one of the biggest crypto exchanges in the Spanish-speaking world.An early partner of Bitso, Ripple has led the new investment round to support the first cryptocurrency exchange in Mexico, the company officially announced on Oct. 14.As reported by crypto publication The Block, the new investment round also…

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Crypto News 

Crypto Exchange Binance Launches Eighth Phase of Its Lending Product

“Cryptocurrency exchange Binance has announced the launch of the eighth phase of its lending product on Oct. 7” writes Adrian Zmudzinski for cointelegraph.com. In this phase, Binance will start offering 14-day fixed-term lending products. As Cointelegraph reported in August, the holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans. Source: cointelegraph.com

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