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   918

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.

Eurex to Launch Crypto Futures

Bitcoin, Ethereum and Ripple futures will be launched by Eurex, world's biggest derivates exchanges, managed by Deutsche Borse
22 February 2019   132

The Eurex financial derivatives platform, managed by Deutsche Börse, the largest German stock exchange, is preparing to launch Bitcoin, Ethereum futures and Ripple XRP token futures. This is reported by The Block.

Eurex has been closely following the cryptocurrency market since 2017, exploring opportunities to launch cryptoactive assets futures. The company also recently held a series of meetings with various representatives of the industry. The exact timing of the launch of new products is still unknown.

Eurex is one of the world's leading derivatives exchanges. It was established in 1998 as a result of the merger of the Deutsche Terminbörse German Stock Exchange Derivatives and Swiss Options and Financial Futures.

There are a lot of various futures contracts on the exchange, which are derivative financial instruments from stocks, stock indices, bonds, volatility indices, credit and interest derivatives. Access to trading on the Eurex is provided from different points of the globe.

Additionally, Deutsche Börse is preparing the launch of a blockchain platform for securities based on Corda technology.