News

BitMEX to be the partner of Japanese Crypto Stock Exchange

The Crypto Exchange is a partner of BitMEX and a French wine retailer. The two companies have rolled out a potential partnership to acquire a majority stake in the Japanese crypto exchange BitOcean, which is not yet active, although it is licensed.

The Madison Holdings Group, located in the Growth Business Market (GEM) of the Hong Kong Stock Exchange, will add an additional $ 15 million to the additional third party stake, which will be paid to existing third-party stakeholders of 1.68 billion yen ($ 15.12 million), while BitOcean's 62.7 % plans to get the stake.

Although BitOcean has not started the services by the Japanese Financial Services Agency (FSA) is an officially registered crypto exchange.

The BitOcean agreement states that Madison Labs has been in line with the plan to be acquired by BitMEX's parent company.

HDR Cadenza Management, a subsidiary of HDR Global Trading, which owns BitMEX, plans to acquire a 51% stake in Madison Labs, which costs $ 17.14 million.

If both agreements are concluded, the merger will make Bitmex a joint and indirect shareholder in Madison's crypto trade initiative.

Madison board chairman Raymond Ting Pang-wan; company, has chosen to invest in BitOcean because of its licensed status and the country's robust cryptographic regulatory structure. told.

Ting also said that although Madison's wine industry is stable and profitable, it is difficult to scale, and said:

”For this reason, we have to turn to financial technology and crypto-business to get a better return for our shareholders.“

Also, when crypto and blockchain become more popular, help the firm to expand its source of income commented.

The Japan Virtual Currency has a comprehensive procedure for the licensing of the Stock Exchange Union (JVCEA) and crypto stock market operators. He has been focusing on the industry's surveillance and review since the hackin 'incident of January in Coincheck.

Throughout 2018, the Japanese Financial Services Agency continued to intensify conditions for applicants, while all the crypto exchanges operating in Japan since the change of the country's Payment Services Act in April 2017 had to have a license; it is already reported that up to 200 operators are expecting a license.

Source: Contelegraph

Up Next

US Defense Service says Blockchain can help the process after disasters

Don't Miss

Tüsiad Holds Blockchain Summit

Onur Ünaldı

Click to comment

Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph