Riot Blockhain to Open Exchange in US

Riot Blockchain shares jumped in price to $38.60 from $4.50 due to its blockchain "rebranding"
29 March 2018   471

The former biotech company Riot Blockchain filed a public application with the Securities and Exchange Commission (SEC) on the opening in the US of a platform for trading crypto and futures. This is reported by CCN.

According to the document, the company plans to "explore the launch of the exchange of digital currencies and brokerage operations in futures." To this end, Riot Blockchain acquired a futures broker from Miami Logical Brokerage Corp, registered with the Commodity Futures Trading Commission (CFTC), and a member of the industry trade group at the National Futures Association (NFA).

Riot Blockchain became known as one of the first companies that changed the name at the end of last year, adding the word "blockchain" to it. Against the backdrop of this news, Riot Blockchain's stock price rose at a high from $ 4.5 to $ 38.6.

At the end of February, investors filed three collective lawsuits against Riot Blockchain. They accused the firm of "breaking securities laws, manipulating stock prices, and providing false and misleading information."

The legal investigation firm, Hines Keller and Hernandez, classified such statements as the fact that the main executive offices of Riot Blockchain were located in Florida, not in Colorado. In addition, the company was not going to hold annual meetings scheduled for December 28, 2017 and February 1, 2018.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   153

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.