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Kraken Sticks to USD 4 Billion Valuation, Raising USD 10m From Clients


Source: Twitter, @krakenfx San Francisco-based cryptocurrency exchange Kraken, one of the top 50 cryptocurrency exchanges by trading volume, aims to raise USD 10 million by selling 0.255% stake in the company to their customers, which puts valuation of the company at almost USD 4 billion. At pixel...

Goldman in Talks to Buy European Budget Hotel Chain for 1.9 Billion Euros


Over the course of the last few decades, Goldman Sachs has firmly established itself as the byword for shrewd investing and remains the gold standard in high finance at a global level. The bank is involved in creating highly sophisticated securities for its clients and remains the world’s most...

Latest Hack Sparks Concern Whatsapp Will Never Be Secure


Facebook’s popular messaging app with 1.5 billion users in over 180 countries has another major vulnerability. Hackers were able to covertly install spyware on iOS and Android smartphones using Whatsapp with just a phone call. “All of their security issues are conveniently suitable...

Markets Update: Bitcoin Cash Jumps Ahead as Crypto Prices See Fresh Gains


Digital asset markets jumped in value over the last 24 hours as most cryptocurrencies have gained 8-13%. Since our last markets update the entire cryptoconomy has increased by $33 billion and this Sunday bitcoin cash (BCH) lead the top ten pack once again with a 12.9% gain in the last day. Also...

Indonesia To Invest A Massive $412 Billion On Rebuilding The Country


Indonesia President Joko Widodo’s is planning to make a huge investment of $412 billion on rebuilding the country’s infrastructure. It is also thought of as being a strategy to boost the country’s economy beyond Java, which is its nerve-center. The plan is to build newer power plants, upgrade...

CME’s Bitcoin Futures Break Records With $1 Billion in Notional Volume


The world’s largest options and futures exchange, Chicago Mercantile Exchange & Chicago Board of Trade (CME Group) and its bitcoin futures contracts saw an all-time high on May 13. According to CME’s records, the exchange recorded 33,700 contracts on Monday which represented...

Markets Update: Crypto Prices Continue to Gather Bullish Momentum


Digital asset markets have been surging over the last 24 hours as the market valuation of the entire cryptoconomy has gained over $20 billion. Moreover, global trade volume has been significant, crossing $85 billion worth of coins swapped in the last day. Also read: Bitcoin’s Software...

Bitfinex Raises USD 1 billion, CTO Claims


Major cryptocurrency exchange Bitfinex "is able to raise" 1 billion tethers (c. USD 1 billion) "in 10 days, in a private sale," Paolo Ardoino, Chief Technical Officer of the exchange, confirmed, later adding that the investments "were made." "Private companies, giants in our industry and outside...

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