Hello Group to open an exchange with BCH trading pairs

Hello Group is developing a new exchange platform with Bitcoin Cash-based trading, scheduled for mid-April 2018
20 February 2018   518

The rising popularity and adoption of Bitcoin Cash has attracted a lot of attention not only from general public in crypto-community, but also from big companies. Everybody is flocking towards “the true vision of Satoshi Nakamoto”. And exchanges aren't left behind. The new addition to the rising market is called Bitcoincash.io and is developed by Hello Group, a Cyprus-based fintech solutions developer.

They recently acquired the Bitcoincash.io domain and now are developing an exchange with as of now practically unique quality – the base cryptocurrency will be Bitcoin Cash. BCH will trade in pairs for both fiat and other cryptocurrencies.

According to the developers, users will have access to live and historical trading data, real-time alerts on market trends and sudden jumps. And all of that for free. Also users will be able to use their accounts to trade on multiple connected crypto exchanges and markets with instant settlement and no intermediaries.

Representative of Hello Group explained that the main focus of the new exchange will be on providing secure high-performance trading utilizing the accumulated knowledge and statistical data from traditional blockchain exchange platforms. Bitcoincash.io will give users the advatage of native BCH pairs and their input is always welcome for making the platform better.

Bitcoincash.io is scheduled for alpha-release around mid-April 2018.

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC
18 July 2018   123

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.