The cryptocurrency exchange major Huobi reported that it had seen 100% growth in its trade volumes from 2017 to 2018. The Singapore-based exchange has also expanded its staff in the last one year.
Cryptocurrency Market Updates
According to a survey conducted by the financial portal Investing.com, Amazon shoppers have said that they would like to buy a wider variety of products on the e-commerce giant’s platform. One of the products that shoppers said they would like to be able buy on Amazon would be cryptocurrencies.
The trading and clearing platform LedgerX announced on February 05 on its blog post that it has released a new kind of derivative contract that is unique to BTC (Bitcoin).
According to the Blockchain and crypto research firm Diar, trade volumes of cryptocurrency exchanges fell to their lowest in January since 2017. The worst hit exchange in terms of adjusted trade volumes is the cryptocurrency major Binance.
The global payments major SWIFT has announced that it is planning to launch GPI Link, a gateway with a Proof of Concept (PoC) that will let the Blockchain-based software company R3’s platform to connect to the provider’s Global Payments Innovation network.
Casa, which is a digital currency custody fir, reportedly launched a browser extension specifically built for its lightning network-powered Bitcoin node. Through this, users will have the ability to interact directly with their Casa Nodes. The latter refers to hardware devices that both connect to and help validate the world’s leading cryptocurrency’s blockchain.
Soups Ranjan, the Director of Data Science & Risk of Coinbase, the major American cryptocurrency exchange, is stepping down. Ranjan announced that he was leaving via his blog post as well as on Twitter.
The Canada-based cryptocurrency exchange QuadrigaCX announced that it filed for creditor protection. According to its official statement on its website, the exchange filed the petition at the Nova Scotia Supreme Court, complying with the CCAA (Companies’ Creditors Arrangement Act. The announcement stated that the court will be asked to appoint Ernst & Young, one of the Big Four auditors, to oversee the entire process.
The fintech firm based out of South Korea, BxB Inc. issued a press release that it had launched the first stablecoin reportedly backed by the state currency, the Korean Won
Advanced Micro Devices Inc. (AMD) released its fourth Quarter results on January 29 and confirmed market analysts’ fears of a broader slowdown. The graphics cards manufacturer, just like other companies, was negatively impacted by the crypto winter.