Roundup – 25/01/2019 – Bithumb Aims to Become Publicly Listed Through Reverse Merger

Bithumb Aims to Become Publicly Listed Through Reverse Merger

CNBC has reported that Bithumb could become a publically traded company through a reverse merger with the company “Blockchain Industries”. This would represent a backdoor solution to Bithumb’s outlined goal to initiate an IPO. As Blockchain Industries is already listed as a publically traded company. CNBC reports that the suggested name for the merged company would be Blockchain Exchange Alliance. However, Blockchain Industries is not listed on a stock exchange in the US either. Market makers trade shares of the company in so-called over-the-counter trades. Bithumb would be the first exchange in the US on the stock market.

New York State Grants Bitlicence to Robinhood Crypto

The exchange Robinhood Crypto received an official Bitlicence to allow its customers to trade and store seven cryptocurrencies on its exchange. The cryptocurrencies include Bitcoin, Bitcoin Cash, Ethereum and Litecoin. The exchange offers its service in most of the US states. However, the service will not be available in all states at first. According to Robinhood, the states include “Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Indiana, Illinois, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.”

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Libertyx First Service to Allow Buying Bitcoin through Regular ATM with Fiat Money

The New York State Department of Financial Services allowed Libertyx to become the first crypto debit card service that lets its clients buy Bitcoin through regular ATMs. So far, Libertyx has only been a Bitcoin merchant service that lets stores sell Bitcoin through its own service. This tep step makes it comfortable and easy to buy Bitcoin. It is likely that other crypto debit cards will follow to offer a similar service.

Upcoming Crypto Exchange Embraces LSE’s Trade Matching Technology

The trade matching technology that the London Stock Exchange platform uses will be adopted by an upcoming Cryptocurrency exchange platform. The new network will launch in Hong Kong in the course of the first half of 2019. It could become a game changer in the Digital Assets market.

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