Capital Market

News about Capital Markets in Crypto Industry

Huobi DM is live

Huobi DM is live

The Huobi DM (Derivatives Market) has gone live. It was launched by Huobi Global focusing on Bitcoin and Ethereum. The platform currently offers long and short-term contracts for both Bitcoin and Ethereum. The CEO of Huobi Global also declared “integrating Huobi DM with Huobi Global’ to serve the user’s needs and to provide full-fledged trading services.

OweMe receives $1 million in funds

OweMe receives $1 million in funds

The OweMe, a blockchain-based platform, has raised $1 million in funds through a seed funding round. The pi Ventures also invested in the blockchain platform. The OweMe aims to equip its product and human resource with the raised funds. The company, based in London, is registered with the Financial Conduct Authority (FCA), a U.K. regulatory body.

SEC Chairman believes ICOs are effective to raise capital

SEC Chairman believes ICOs are effective to raise capital

The chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, expressed on the benefits of ICOs as a means to raise capital. He expressed belief over ICOs and stressed, “when a security is being offered, our securities laws must be followed.” He mentioned that the SEC devoted significant amount on time exploring blockchain and cryptocurrencies.

Good Money raised $30 million to develop its app

Good Money raised $30 million to develop its app

The startup Good Money, a Digital banking platform, received a funding of $30 million to build its app. It aims to develop a bank in which every customer will own some equity, offer free ATM card, low loan rates, 2% on FDCI savings. They are planning to launch the app in 2019.

Bluecoat raises funds for digital rights management

Bluecoat raises funds for digital rights management

The Bluecoat blockchain company has raised $24.25 million for digital rights management. The investors include David Guetta, Gee Roberson, and others. The company intends to organize a private sale of tokens called BCT in the succeeding year. The VP Itai Schweitzer, Bluecoat, expressed, “The integration of blockchain technology into digital rights industries is inevitable.”

€100,000 worth Commercial paper transaction on Corda

€100,000 worth Commercial paper transaction on Corda

A short-term debt instrument transaction was settled on Corda blockchain platform with the involvement of four banks namely Commerzbank, ING, Natixis, and Rabobank. Reportedly, the transaction was worth €100,000 worth euro commercial paper (ECP). Natixis was the issuer of the instrument, Rabobank as the investor, ING as the dealer and escrow agent. Commerzbank was the provider of technical support.

Nasdaq confirms Bitcoin Futures launch

Nasdaq confirms Bitcoin Futures launch

The launch of Bitcoin futures by the Nasdaq has been officially confirmed. The VP of Nasdaq, Joseph Christinat revealed, “Bitcoin Futures will be listed and it should launch in the first half of next year — we’re just waiting for the go-ahead from the CFTC.” The official expressed that the Nasdaq has been exploring on the blockchain and cryptocurrencies.

Medici Ventures purchases stake in agricultural blockchain project GrainChain

Medici Ventures purchases stake in agricultural blockchain project GrainChain

Overstock.com Inc. owned Medici Ventures purchased equity worth  $2.5 million of project GrainChain, which gives them 10% ownership. GrainChain created a blockchain system which enables supply chain tracking, smart contracts, and financial settlement. Four largest agriculture companies, commonly known as ABCD, partnered to digitize international grain trading by using blockchain and artificial intelligence (AI).

Calastone to adopt blockchain by 2019

Calastone to adopt blockchain by 2019

London-based transaction network for investment funds Calastone to make the entire settlement through blockchain by May 2019. The transaction costs range up to $217 billion a month. Around $2billion could be saved in the global mutual fund market if the automated blockchain system is adopted. Calastone CEO said making cheaper and efficient system will be a win-win for everybody.

A meeting to discuss on Bitcoin ETFs

The U.S. Securities and Exchange Commission recently met the officials of VanEck, SolidX, Cboe, and Patomak in order to discuss the VanEck SolidX Bitcoin ETF. Reportedly, the VanEck, SolidX and the Cboe are convincing the SEC to list the shares on the Cboe. During the recent meeting, the Bitcoin ETF’s were argued to possess the same characteristics as the commodities ETF.