As Japan’s authorities continue to scrutinize the country’s cryptocurrency industry, reports are suggesting that more exchanges are going to suspend operations, or even entirely shut down.

The Financial Services Authority (FSA) today issued business improvement orders to six other exchanges, including bitFlyer, which handles nearly $2 billion a day. The other exchanges that were slapped with a business improvement order are QUOINE, Bitbank, BTCBOX, BITPoint Japan and Tech Bureau.

Time to buy the dip?

The news comes as Japan’s warthogs continue to challenge exchanges to prove their security credentials in the wake of Coincheck’s $530 million ... (read more)

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Tokyo District Court on Friday has accepted a motion to end the bankruptcy of Mt. Gox, once the world’s largest Bitcoin trading venue, and move the now-defunct exchange into civil rehabilitation.

The ruling halts payments or distribution of Mt. Gox’s “enormous assets” to shareholders for the time-being, which instead will be returned to creditors under rehabilitation proceedings.

Time to buy the dip?

Daniel Kelman, a New York-based lawyer who is in charge to form a rehab group, said however that creditors’ victory has not been realized yet and it will only come when Mt. Gox makes payment and ... (read more)

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Tokyo District Court on Friday has accepted a motion to end the bankruptcy of Mt. Gox, once the world’s largest Bitcoin trading venue, and move the now-defunct exchange into civil rehabilitation.

The ruling halts payments or distribution of Mt. Gox’s “enormous assets” to shareholders for the time-being, which instead will be returned to creditors under rehabilitation proceedings.

Time to buy the dip?

Daniel Kelman, a New York-based lawyer who is in charge to form a rehab group, said however that creditors’ victory has not been realized yet and it will only come when Mt. Gox makes payment and ... (read more)

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Trade finance technology firm, TradeIX, has announced today that it closed a new investment round worth $16 million. The round was led by ING ventures together with investor Kistefos, BNP Paribas and Tech Mahindra.

The main priorities for the extra funding are increasing hiring rates and accelerating customer acquisition. The company also plans to invest in the developments of its open platform for trade finance.

Time to buy the dip?

Kistefos, BNP Paribas and Tech Mahindra all have a successful track record of investing in fintech providers like TradeIX. Prior to the venture round, Norwegian investment ... (read more)

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After almost two years of development, the biggest social media and gaming company in China, Tencent Holdings Ltd and its finance startup partner, Shenzhen Pingguo Shuju Keji Ltd., have announced they are launching their system for over-the-counter bond deals today.

QTrade will allow traders to meet online and negotiate prices through Tencent’s popular QQ messaging. According to a report from Bloomberg, the co-founder of the Shenzhen-registered startup, Zhou Jingyu, said the platform will verify the identity of both parties and log their conversations and transactions for a minimum of five years. This way it will be fully compliant with ... (read more)

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LMAX Exchange Group announced today that is has appointed Roland White to the newly created position of Global Head of Institutional Sales. Mr White will join the company on July 30, 2018, and will report to David Mercer, CEO of LMAX Exchange.

Mr White will head the institutional sales team and be responsible for advancing the LMAX Exchange global growth agenda in the institutional segment. One of the ways this will be achieved is by deepening relationships with institutions across the world. 

Mr White joins the LMAX Exchange Group with 28 years of experience in the FX industry. His most ... (read more)

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The calendar continues to move towards the 2018 Finance Magnates London Summit this November 13-14 at Old Billingsgate. In what will be the event’s seventh installment, the 2018 summit will feature thought leaders, executives, brokers, IBs, and more from across the industry.

The 2018 London Summit aims to bring together the most influential people from across the trading industry to in a collective effort to network, learn, and discuss leading issues. Each summit includes a packed agenda featuring distinguished speakers, panel discussions, and hands-on workshops. Last year’s event saw over 2,000 attendees descend on London and 2018 ... (read more)

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MyBit, an Ethereum-powered ecosystem that connects the global IoT industry, has announced the decentralized lending platform ETHLend will list MYB tokens on its platform as the two firms entered into a strategic partnership.

Similar to MyBit, ETHLend is also based on the Ethereum blockchain and is a marketplace for peer-to-peer lending services using smart contracts. The platform provides low-interest rates, and the technology assures transparency for every transaction. For now, it only provides lending with Ethereum but is set to introduce other altcoins in Q4 2018 which will include MYB.

Time to buy the dip?

A mix of IoT and ... (read more)
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