Andrius Vaškevičius

Nasdaq Acquires a Pro-Crypto Fintech Cinnober for $190 Million, Nasdaq Crypto Exchange
Bitcoin
Nasdaq Acquires a Pro-Crypto Fintech Cinnober for $190 Million, Nasdaq Crypto Exchange?
Nasdaq, the second-largest stock exchange in the world, announced it has agreed to acquire Cinnober, a Swedish financial technology group, providing its services for brokers, exchanges and clearing houses worldwide. Nasdaq made an all-cash 1.7 billion crown ($190 million) bid on Friday and Nils-Robert Persson, the main shareholder and chairman of Cinnober, confirmed his intention to accept it. The deal is expected to be closed in the fourth quarter and…
Coinbase Plans Major Expansion of its Institutional-Focused Wall Street Office
Bitcoin
Coinbase Plans Major Expansion of its Institutional-Focused Wall Street Office
The San Francisco-based digital asset exchange Coinbase has been a staple of the American crypto industry pretty much since its inception. Back in February, the company said it was likely to double its staff from 250 to 500 by the end of the year. However, even during extremely bearish market conditions, it took Coinbase only a couple of months to reach the employee milestone and it seems the growth is…
Altcoins Will ‘Never Come Back’ but Bitcoin Will Rebound in 2019, Claims BitPay CCO
Altcoins
Altcoins Will ‘Never Come Back’ but Bitcoin Will Rebound in 2019, Claims BitPay CCO
Even though the crypto markets have seen a quite significant rebound yesterday, with most notably ethereum jumping by over 12 percent, the whole market has touched its yearly low this week. Bitcoin has shed more than 60 percent of its value but that pales in comparison to most other coins, like XRP that plummeted over 90 percent from its heights at the turn of the year. A number of punters…
US States Ask Indian Officials to Seize Assets of BitConnect Promoters
Bitcoin
US States Ask Indian Officials to Seize Assets of BitConnect Promoters
Authorities from the states of Illinois and Arizona have formally contacted the Criminal Investigation Department (CID) of India with a request to seize the property of a couple of BitConnect promoters. According to the Times of India report, one suspect has already been apprehended, while his accomplice is still on the run, possibly with a large amount of BTC belonging to defrauded investors. BitConnect (BCC) was an open-source digital currency,…
Paris Saint-Germain to Launch Its Own Digital Currency
Altcoins
Paris Saint-Germain to Launch Its Own Digital Currency
Paris Saint-Germain (PSG), the defending French champion and one of the wealthiest football clubs worldwide, is considering to release its own cryptocurrency as a way to increase fan participation on a global scale. Despite being the only team from the capital in the French top division, PSG have struggled for most of their recent history. However, their fortunes quickly changed with the arrival of new owners Qatar Sports Investments group…
Crypto Industry Heavyweights Form a Blockchain Lobbying Group in Washington
Blockchain
Crypto Industry Heavyweights Form a Blockchain Lobbying Group in Washington
Leading crypto companies in the United States have teamed up to establish Blockchain Association – the first lobbying group in Washington. The formal announcement is set for later this week. According to the official blog post, the DC-based non-profit trade association, “will serve as the unified voice of the blockchain ecosystem.“ A report by Washington Post claims that founding members of the new organization include American crypto industry stalwarts Coinbase…
ICO Funding Has Plummeted to the Lowest Level Since April 2017
Blockchain
ICO Funding Has Plummeted to the Lowest Level Since April 2017
Bloomberg reports that August has been the hardest month for crypto projects trying to raise funds via initial coin offerings (ICO) in quite a while. The data, compiled by Autonomous Research, revealed that crypto startups raised $326 million last month, a yearly low by some distance – over 1 billion USD. During the crypto boom at the beginning of the year, new crypto projects raised $3 billion on average. According…
Chinese Traders Use VPNs and Tether to Circumvent the Crypto Ban
Bitcoin
Chinese Traders Use VPNs and Tether to Circumvent the Crypto Ban
The Chinese government has a somewhat bipolar approach towards digital assets. On the one hand, the regulators are urging the development and research into the underlying distributed ledger technology, with Chinese companies topping the charts for blockchain-related patent applications. On the other hand, authorities have cracked down on cryptocurrencies and ICOs, issuing a total ban on them. Chinese regulators stepped up their efforts last month, blocking access to over 120…
You Can Now Purchase Rolls Royce, Bentley or Bugatti Cars with Bitcoin and Bitcoin Cash
Bitcoin
You Can Now Purchase Rolls Royce, Bentley or Bugatti Cars with Bitcoin and Bitcoin Cash
A Houston luxury car retailer has become the first high-end vehicle dealership in the United States to deal with virtual currencies. Post Oak Motor Cars, owned by Tilman Fertitta, who also owns hospitality corporation Landry‘s and the Houston Rockets NBA team, now accepts BTC and BCH as means of payment. Post Oak targets elite clients, such as sports personalities and media celebrities, supplying them with luxury automobiles, such as Rolls…
Coinbase Exploring Crypto ETF With the Help of BlackRock
Bitcoin
Coinbase Exploring Crypto ETF With the Help of BlackRock
While the crypto markets are suffering yet another slump after Wednesday’s correction that saw the industry shed $38 billion of its total market cap, crypto ETF (exchange-traded fund) remains one of the main hopes of fueling its resurgence. Coinbase, the San Francisco-based crypto exchange, is the latest company exploring the development of its own crypto ETF. The exchange currently offers a range of services for both retail and institutional investors,…