Kraken Acquires Regulated Crypto Futures Startup

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Bitcoin
Over the last 24 hours, Bitcoin is -0.67% at $3,455.21

🔼Bitfury Group and South Korean R&D firm Commons Foundation are jointly launching a network of bitcoin mining operations in Paraguay. Announcing the partnership on Thursday, Bitfury said a series of mining centers will be set up in the South American country using its BlockBox AC bitcoin mining devices. Further, the mines will be powered by two major hydroelectric power plants, Itaipu and Yacyreta. https://goo.gl/ZpTR3g

Ethereum
Over the last 24 hours, Ethereum is -0.47% at $107.68

🔼Cryptocurrency exchange services provider Kraken has officially acquired regulated futures trading startup Crypto Facilities in an undisclosed deal valued at least $100 million. Announced Monday, the “nine-figure” acquisition, the largest seen in the industry so far in 2019, will enable Kraken customers to trade spot, as well as open positions offering exposure to the future price movements of cryptocurrencies, all through a unified trading interface. As such, Kraken CEO Jesse Powell framed the merger as one that would “massively accelerate” his company’s roadmap, enabling the San Francisco-based startup to sidestep years of efforts to obtain the licenses and approvals necessary to offer a competing service in Europe. https://goo.gl/NVxysh

Ripple
Over the last 24 hours, Ripple is -1.27% at $0.301577

🔼 On Jan. 30, major global banking payments network SWIFT announced it plans to launch a proof-of-concept (PoC) of a gateway — titled GPI Link — that will allow blockchain software firm R3 to connect to SWIFT’s Global Payments Innovation (GPI) payments from its platform. Therefore, SWIFT has made another step toward adopting blockchain, despite having expressed concerns over the technology’s maturity in the past. However, SWIFT’s competitors have already voiced their concerns, saying that the new system is not decentralized enough. https://goo.gl/tuF5Dm

Today’s Stats:
Top Volume: Bitcoin ($5,293,212,806)
Top Mover: Maker (+11.29%)
Top Shakers: Aurora (-19.38%)

(Based on the Top 100 Cryptocurrencies by Market Cap)

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