It’s safe to say that July has been relatively dull for Bitcoin when it comes to price action. The major cryptocurrency spent the last week trading in a range between $9,100 and $9,400 without any major fluctuations.It’s also worth noting that legacy markets and Bitcoin’s price remain aggressively correlated. In fact, a lot of analysts on Twitter are now saying that currently, the futures on stock markets are a valuable indicator of where Bitcoin will head next.
Paxos Trust Company, the regulated financial institution that digitizes and mobilizes assets, today introduced Paxos Crypto Brokerage, a new product offering that enables companies to integrate cryptocurrency buying, selling, holding and sending capabilities into their own applications. Paxos Crypto Brokerage is a turnkey, easy-to-integrate API-based solution that provides access to the $200 billion cryptocurrency market while managing the underlying regulatory and technological complexity.
Kazakhstan-based mining provider Xive announced mining capacities empowerment and the launch of an updated site on July 9th. On xive.io website users can buy a fast mining contract starting from $4.55, and pre-order mining powers or even become a partner of the company by filling out an application for the equity purchase. Besides hashpower sharing, Xive offers its clients mining hardware accommodation starting from $0.042 per KWh. Xive also offers low upkeep costs, customer support and real-time hardware monitoring.
Chainalysis, the blockchain analysis company, today announced it raised an additional $13M to expand its Series B round to $49M with an investment from Ribbit Capital and Sound Ventures. With the funds, which follows a $36M raise from Accel, Benchmark, MUFG and Sozo Ventures last year, Chainalysis will grow and deepen its government relationships and further unite the public and private sectors to fuel the cryptocurrency industry's growth through the addition of software engineers, government sales, and other business roles. Sigal Mandelker, General Partner at Ribbit Capital and former Under Secretary for Terrorism and Financial Intelligence at the U.S. Department of the Treasury, will join as an advisor to Chainalysis.
Keevo, next gen crypto hardware wallet, today announced a strategic partnership with Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, to deliver advanced backup and beneficiary services for users of its next generation crypto wallet, the Keevo Model 1. This new partnership and service further Keevo's mission to provide security, simplicity, and privacy for users to manage their online identity and digital assets.
Elliptic, the global leader in cryptoasset risk management solutions, today launched support for privacy coins Zcash and ZEN, enabling crypto businesses to adopt these assets in a compliant way. Genesis, an industry pioneer and leader in digital currency trading and lending will be using Elliptic's transaction and wallet monitoring solutions to detect and prevent illicit activity in Zcash and ZEN.
Ideanomics is pleased to announce that its Mobile Energy Global (MEG) subsidiary, Qingdao Ai Neng Ju New Energy Sales Company Ltd, based at its Qingdao EV hub has completed its order for Tianjin Zhongcheng Jiaye Automobile Trading Co., Ltd. (Tianjin Zhongcheng), which was recently announced on June 19, 2020. In addition to the physical vehicle delivery, the financing, licensing, insurance, and vehicle registration plate administration are all complete. This allows for the issuance of PRC tax invoices, which can only be issued when an order is complete in its entirety. MEG has issued a tax invoice to Tianjin Zhongcheng finalizing the completion of this order.
The Chain Reaction-Global Blockchain Value and Application-Media Exchange Conference was successfully held online on June 18, as Shanghai Bay Area government representatives and blockchain industry experts engaged in a round of cloud communication and sharing. The event was co-sponsored by the Management Committee of Shanghai Bay Area Science and Innovation Center, GBVARC (Global Blockchain Value and Application Research Center), Zhejiang Yangtze Delta Region Institute of Tsinghua University, Shanghai Development Research Foundation, and Unifive Technology Group.
Consumers can now use cash to purchase bitcoin with LibertyX at 20,000 retail locations around the U.S., including major convenience store and pharmacy chains, such as 7-Eleven, CVS Pharmacy®, and Rite Aid. A full list of participating retailers can be found using the LibertyX store locator available at libertyx.com or by downloading the LibertyX app.
Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") is pleased to announce that its subsidiary Mobile Energy Global (MEG) has secured an order from Jiangsu Journey Network Technology Co., Ltd (Jiudao Group) for electric logistic vehicles. Operating in over 100 cities in China, Jiudao Group is a new energy transportation services provider offering passenger and commercial electric vehicle (EV) rentals and EV charging solutions with an integrated payment platform.