Veil to Acquire Predictions Global

Launch of Veil took place on January 15 and provoked a sharp spike of the REP tokens price
25 January 2019   585

The Veil, trading platform operator based on Augur’s decentralized prediction markets, has acquired the Predictions.Global web portal. The deal took place a few months ago, The Block reported.

Note that the Predictions.Global user interface allows users to easily track bids and prices in Augur markets.

As reported, Veil did not disclose the price of the acquisition but said they were not currently pursuing any others. The company raised a fundraising round in the single-digit millions last year. 

By acquiring Predictions.Global, whose profile and brand is more popular than Veil’s, the platform wants to become the easiest way to discover Augur markets, and the easiest way to trade, Fletcher-Hill told The Block. Predictions.Global site would stay as it is for now, beyond adding links into Veil. Jorge Olivero cofounder Predictions.Globalwould not be joining Veil while Ryan Berckmans would be contracted as a software advisor.

Launch of Veil took place on January 15 and provoked a sharp spike of the REP tokens price.

CFTC to Approve LedgerX's Deliverable BTC Futures

At the same time, another platforms such as Bakkt, ErisX and Seed CX still awaiting regulatory approval
26 June 2019   65

Cryptocurrency derivatives provider LedgerX LLC has received a license from the Authorized Derivatives Market (DCM) from the US Commodity Futures Trading Commission (CFTC), which will allow it to launch the country's first bitcoin futures.

Deliveries for deliverable futures are made in the underlying asset, not in fiat funds. Thus, LedgerX outstripped the Bakkt, ErisX and Seed CX platforms, which are still awaiting regulatory approval.

At the same time, LedgerX intends to launch the Omni platform for trading options, swaps, and bitcoin futures for retail investors, since at the moment it does not see enough interest from institutional market participants.

However, it should be added that some experts have already expressed fears that the nature of the license received will not allow LedgerX to provide margin tools to customers, and Bakkt should have such functionality.

Recall about the intentions to obtain the appropriate permission and overtake competitors LedgerX said in April.