September 2019 | Page 5 of 145 | Last Cryptocurrency News Feed

Bithumb Acquisition Deal Appears To Be ‘Off’

Overseas investors are reportedly likely to step in to acquire South Korean crypto exchange Bithumb due to alleged difficulties with payments in its existing acquisition deal.As Cointelegraph reported previously, BK Global Consortium, a firm headed by one of South Korea's leading plastic surgeons, closed a deal in Oct. 2018 to acquire 50% plus one share of…

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Crypto Exchange Bithumb’s $333 Million Acquisition May Be in Jeopardy

news A deal to acquire cryptocurrency exchange Bithumb for over $300 million remains in choppy waters. According to The Korea Herald on Monday, fintech firm BK Global Consortium’s deal to buy a majority stake in the major South Korean exchange has not yet been fully paid for. In October 2018, BTC Korean Holdings had agreed to sell…

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Bitcoin Price Eyes Quarterly Loss After Hitting 3.5-Month Low

markets View Bitcoin has dropped more than 25 percent in the third quarter, neutralizing the bullish setup on the monthly chart. With the weekly and the three-day charts biased bearish, the cryptocurrency risks falling to $7,500 in the short-term. A violation there would expose the next major support, currently at $7,070. A corrective bounce may…

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Overstock, Patrick Byrne Hit With Class Action Over ‘Market Manipulation’

news An investor has launched a class action lawsuit against Overstock and two former execs, claiming securities violations through making false statements to manipulate the firm’s stock price. According to a complaint filed Sept. 27 at the district court in Utah, Benjamin Ha alleges on behalf of himself and other investors in the firm, that…

Cointelegraph Feed

Binance.US Opens Account Registration for Puerto Rico Residents

The United States-based branch of major cryptocurrency exchange Binance, “Binance.US,” opened account registration and verification services for residents of Puerto Rico.According to an official announcement published on Sept. 30, Puerto Rico residents have the same levels of access as U.S. residents from those states already permitted to use the platform.The launch of Binance.USAs reported, Binance.US…

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Ripple Acquires Crypto Trading Firm to Expand Into Iceland

Ripple continues its run of acquisitions, announcing an expansion into Iceland with its acqui-hire of crypto trading firm Algrim in a blog post on Sept. 30.Ripple strengthens European presenceThe acquisition adds six engineers to Ripple’s ranks. This new team will play an integral role in its On-Demand Liquidity (ODL) program.Per the announcement, Iceland will now…

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Caitlin Long: New Wyoming Law Will Protect Privacy of Wallet Keys

Wyoming Blockchain Coalition president Caitlin Long hinted at two new prospective state laws she believes will be highly popular among cryptocurrency developers and owners.In an interview during Peter McCormack’s podcast on Sept. 27, the 22-year Wall Street veteran and cryptocurrency activist reflected on the pioneering crypto legislation already passed — and reportedly planned — in…

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Swiss Stock Exchange SIX Lines up Buyers for ‘Initial Digital Offering’

feature The Takeaway: Swiss Digital Exchange (SDX), a unit of stock exchange operator SIX Group, has organized a global consortium of financial institutions to back its “initial digital offering” (IDO). The token sale is scheduled to happen by the middle of next year. The targeted proceeds are not yet public. SDX has modified its business…

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Fundstrat’s Tom Lee Reminds Us of Bitcoin’s ‘Ten Best Days’ Rule

Fundstrat co-founder Thomas Lee tweeted a timely reminder against panic-selling on Sept. 28, reminding that the majority of Bitcoin (BTC) gains come in the ten best trading days of the year. In fact, excluding these ten best days, BTC is down 25% per year.Fundstrat’s ‘rule of 10 best days’In any given year, the vast majority…

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Unconfirmed: Bithumb Acquisition Deal Might Be ‘Off’

Overseas investors are reportedly likely to step in to acquire South Korean crypto exchange Bithumb due to alleged difficulties with payments in its existing acquisition deal.As Cointelegrap reported previously, BK Global Consortium, a firm headed by one of South Korea's leading plastic surgeons, closed a deal in Oct. 2018 to acquire 50% plus one share…