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These Were The Most Actively Traded Securities On The OTC Markets In May

Swiss pharmaceutical giant Roche Pharmaceuticals became the first security on OTC Markets to reach $4 billion in dollar trading volume in 2019, according to OTC Markets data.  Dollar volume in the Swiss pharmaceutical giant reached $771 million last month, a 15 percent increase from April. As of the end of May, approximately $4.058 billion worth of Roche shares has changed hands this year, nearly double the nearest OTCQX security.’ That nearest OTCQX security is the Grayscale Bitcoin Trust, which traded $1.2 billion worth of shares in May. The GBTC and its peer the Grayscale Ethereum Classic Trust (OTCQX: ETCG) ($64 million worth of shares) experienced two of the greatest month-over-month increases in dollar trading volume on the market last month. The increase corresponded with the recent rally in both cryptocurrencies, causing enough volume to unseat Roche, typically ...Full story available on Benzinga.com

BitFrontier Capital Holdings, Inc. (OTC: BFCH) Provides a Shareholder Update

Fredericksburg, VA, June 14, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BitFrontier Capital Holdings, Inc. (OTC:BFCH) is pleased to announce its outstanding share count has now been updated on OTC Markets and verified by our transfer agent to reflect the recent 12,260,000,000 share cancellation. The Company is still waiting for its float to be updated on OTC Markets. The Company has also filed its quarterly report for the period ended March 31, 2019. These numbers reflect the acquisition of TelesisIT from January 25, 2019 through March 31, 2019. With this acquisition complete, the Company will obtain Pink Current status as well as have the shell icon removed from its' OTC Markets profile. Additionally, the Regulation A Offering that was qualified by the SEC on June 14, 2018 is now closed. This will allow the company to reduce its authorized share count to an amount management feels will be most beneficial to its shareholders. Spencer Payne, the CEO of BitFrontier Capital Holdings, stated, "Our ...Full story available on Benzinga.com

FFAJ Reports Better OTC Forex Margin Volumes in May

The forex markets bounced in May yet again after a disappointing performance in May. The Financial Futures Association of Japan posted results form 54 forex and 8 binary options operators. Good results cheer all The Financial Futures Association of Japan (FFAJ) recently published the forex margin volumes for May for its retail margin foreign exchange (forex) business conducted over-the-counter. It also published results for its binary options trading business for the last month. The association publishes data from 54 operators working in the forex space, and 8 operates providing binary options services every month. This month’s number of operators is the same as April. During April, both binary options and OTC forex margin trading posted weak figures. The results fell in line with the global trends, where most trading providers reported a drop in volumes in April. In May, the fortunes of the operators turned. The OTC volume of the Tokyo Financial Exchange (TFX) was 277.1 trillion yen, marking a 17.67% rise in volume since the previous month. Japanese traders finally hear good news Trading volumes for Cross Yen, the USD/JPY pair did much better than April. It’s trading volume went up by 22.67% month-on-month, going up to 249.6 trillion yen from 203.4 trillion yen. On-exchange contract trading volume also went up during May to 1.7 trillion yen, marking a 20.1% rise from April’s 1.5 trillion yen trading volume. Binary options also experienced satisfactory results during May. The eight binary options members of the FFAJ, including GMO Click Securities Co., have all experienced an uptick in volumes. The total trading volume for binary options for the eight members was 27.7 billion yen, marking a 6% growth over April’s 26.2 billion yen. The FFAJ’s figures were more promising in March after a disappointing performance in February. Overall, the forex market is going through regular ups and downs, and June’s number will be crucial in defining this ongoing trend. Forex volumes are not picking up significantly on a global basis as well. Retail broker Saxo Bank also posted financial results for the month of May recently, posting mediocre numbers with low volatility. The total forex trading volume for the period was $143.9 billion. The trading volume for the previous month was $123.2 billion for April, but in March, they were significantly higher at $158.6 billion. The post FFAJ Reports Better OTC Forex Margin Volumes in May appeared first on FXTimes.com - Daily Cryptocurrency and FX News.

Ethfinex Launches DAO Following The Launch Of Decentralized OTC Trading Called efxDAO

Ethfinex, the sister exchange of troubled crypto exchange Bitfinex has recently launched a test decentralized autonomous organization (DAO). Today we reach an important milestone in our path to decentralised governance with the launch of efxDAO. Developed with @daostack, the experimental DAO is tasked with funding decisions for Trustless and Nectar initiatives. Read more here: https://t.co/xMOfe7NL9i […]
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BitFrontier Capital Holdings, Inc. (OTC: BFCH) Announces 12,260,000,000 Common Shares Have Been Retired From Its Outstanding Share Count

Fredericksburg, VA, June 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BitFrontier Capital Holdings, Inc. (OTC:BFCH) announced today that its transfer agent has processed the share cancellation announced last week.  The Company has posted a supplemental filing to OTC Markets showing the shares that were cancelled, which can be found at: https://backend.otcmarkets.com/otcapi/company/financial-report/223003/content The Company's new share structure is 167,145,701 Common Shares outstanding with a float of 164,073,146. These changes have been submitted to OTC Markets by our Transfer Agent and should be reflected very soon. The Company can proceed with a substantial Authorized Share reduction once its share structure updates on OTC Markets. Additionally, the Company plans to become fully SEC Reporting and has begun the application process to up list to the OTCQB. Among other requirements, this entails obtaining a 2-year audit. Full story available on Benzinga.com

OTC Cash Trades: LocalBitcoins Out, Local.Bitcoin In

Bitcoin Cash (BCH) has become the latest to join the over the counter (OTC) fold as popular platform, LocalBitcoins, stopped cash-based Bitcoin (BTC) transactions after nine years. The Roger Ver-led BCH this week launched local.bitcoin – which is reported to have been in the works for months for the OTC trading of BCH, a fork of BTC.  Its launch on June 4 is also said to be in honour of the 30th anniversary of the Tiananmen Square protests. The new platform has since its emergence been getting attention from enthusiasts who have registered accounts from many countries including China, India and Philippine especially for its non-KYC procedure. Note on the removal of Local Cash Ads pic.twitter.com/ue2YBYErTY — LocalBitcoins.com (@LocalBitcoins) June 4, 2019 The private peer-to-peer trading platform for the BCH community launched to the public as Localbitcoins reportedly fell into a regulatory abyss. The Finland-based marketplace stopped responding to its users’ queries over what is suggested could be ongoing legal issues. They have disabled the platform’s community forums, changed verification patterns as well as part of their policies all with little or no explanation (last blog post in March). As this is coming at a time when crypto-related investigations are being launched in the US and talks about regulation intensify even in Europe, there is a less chance that the Localbitcoins cash-based BTC trades will come back. Yet, Localbitcoins is still considered to have the biggest and the most listings and top number of users online. The halt in BTC for cash trades may not change the site’s claim to have users in 248 countries and over 7500 cities immediately. Ads for trade offers may have been removed without notice but it does not indicate that users are leaving – at least yet – as many users have built their reputation over the years and may wish to maintain it. However, despite there is no evidence to suggest users are moving away from LocalBitcoins yet, users seeking to use a similar service with less infringement cannot be stopped from heading elsewhere. LocalBitcoins is a business seeking profit. They have to abide by the legal advice they get regarding users verification and other attendant issues. The business is not meant to protect users from the government but to ensure they get a working platform for users to match trades with ease. Hence, users are free to try out a different platform. With its huge dominance in the market, the latest development gives the likes of Local.Bitcoin a competitive edge – though only for BCH trades – to grow in the top rank of the industry. Other rising OTC platforms include Paxful, Bisq and Hodlhodl. It took LocalBitcoins three days to acknowledge they had deleted thousands of BTC for cash trade ads. When they did via a tweet on June 4, it correlates with a ~6% drop in the price of Bitcoin from $8500.
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Traditional Investors shift to OTC Bitcoin markets, Pantera Capital raises $115M, Peter Thiel backs a $2.1M seed round for Layer1, Medici Ventures acquires shares of Chainstone Labs, Vostok Project secures $120M, Ubique Networks partners with SLT, INCX launches in partnership with Bittrex, Issuance partners with Prime Trust, Coinbase and TokenSoft partner up, TRON Arcade to work with Gumi Cryptos

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Finrazor together with ICORating conducted researches and checked the correlation between OTC and mentions of certain words and the originality of the news

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Warren Buffett invests $600M, Coinbase is worth $8B, StarkWare acquires $30M, USD issues over $125M in investments, NXMH obtains Bitstamp, Algorand receives $62M, Thailand alerts against investments in ICOs, Ripple confirms the institutional investments growing, Kevin O’Leary invests $100M, Nouvive provides an investment observation, OK Blockchain Capital conducts an Investment Sentiment Survey, Steve Wozniak discusses his BTC investment

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XRP Spikes 10% on Ripple MoneyGram Partnership News

Big partnership announcements have been thin on the ground for many of the major crypto companies recently. That changed for Ripple a few hours ago when the firm announced a strategic partnership with one of the world’s largest money transfer companies, MoneyGram. XRP Climbs 15% in a Week Compared to bitcoin and litecoin, XRP has been asleep for the past two months. Even Ethereum has outperformed it in terms of percentage gains. That all changed a few hours ago when XRP awoke from its range bound channel at $0.42 and surged almost 10% to hit an intraday high just over $0.46. A minor pullback followed in the hours after the announcement but XRP is still one of the day’s top performers. XRP price 1 hour candles – Tradingview.com XRP 00 has climbed almost 15% over the past week as it was trading just under $0.40 this time last Tuesday. Daily volume has just topped $2 billion as XRP market capitalization approaches $20 billion. The gap to ETH in second place is still $10 billion in terms of market cap, however. It has been one of the best weeks for XRP in terms of gains as the Ripple token has only made 27% since the beginning of the year. Big Partnership Driving FOMO The San Francisco based firm announced the partnership on its company blog late last night. It stated that the initial partnership will last two years during which Ripple will become the key partner for MoneyGram’s cross border payments and foreign exchange settlements. A substantial capital commitment of $50 million has also been pledged by the blockchain company enabling MoneyGram to draw it over a two year period in exchange for equity. Ripple’s xRapid system will be deployed for the partnership. It facilitates on-demand liquidity enabling instant transactions by reducing reliance on pre-funding. The XRP token will be used as the ‘real-time bridge’ between different currencies. Ripple CEO, Brad Garlinghouse, stated; This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies. MoneyGram has a $600 billion global remittance market supporting multiple currencies in more than 200 countries. Traditional forex markets requiring advance purchases are currently used for international transfers. The partnership and leverage of Ripple’s native token are expected to reduce costs and increase transfer speeds for the firm. Alex Holmes, MoneyGram Chairman and CEO, added; Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management. Will XRP hit $0.50 this week? Add your comments below. Images via Shutterstock, Tradingview.com The post XRP Spikes 10% on Ripple MoneyGram Partnership News appeared first on Bitcoinist.com.

XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms?

Ripple bought a share issue from MoneyGram worth $30 million at $4.10 per share to acquire 8-10% of the company. MoneyGram would also have an option of infusing another $20 million over the next two years. A strategic partnership will now ensue where Ripple will become the critical service provider for cross-border payment and foreign exchange settlement using digital assets. The digital asset they will be leveraging is Ripple, using Ripple’s xRapid Product. This partnership is a massive step towards the vision with which Ripple began, and investors put money is XRP. Also Read: Ripple Fathers’ Day Gift Propels It Past $0.4400 as Bulls Return Until now, MoneyGram has had to use banking services to provide settlements for payments they initiate. Due to the difference in time of settling payments, MoneyGram has to take loans to increase the required liquidity. However, by deploying xRapid, they will now be able to leverage XRP’s liquidity to provide cheaper and faster settlements. MoneyGram Chairman and CEO, Alex Holmes noted, “Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.” MoneyGram reported a net loss of $24 million in 2018 compared to a net loss of $29.8 million for the fourth quarter of 2017. The money transmitting service provider has been working towards developing, and 2019 will be part of the roadmap. Hence, the success of this strategic partnership is crucial for MoneyGram. Also Read: Bitcoin Vs Facebook Coin: Should Bitcoin Hodlers Care About Facebook Coin? Currently, MoneyGram works independently by leveraging money from banks. Ripple CEO Brad Garlinghouse told the media,  “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations,” XRP/USD 4-Hour Chart on Bitstamp (TradingView) Moreover, while XRP recorded gains around 5%, it rose from $0.43 to a reach high at $0.46. Notably, a partnership like this back in 2016 or 2017 would have likely propelled the price by 30%. This can be attributed to an apparent decrease in the use case for MoneyGram itself. Digital payment is quickly becoming more accessible than ever with major firms working on implementing or integrating digital currencies on their respective platforms. Facebook is the most prominent example of it. Do you think MoneyGram and Ripple will be able to increase their volume and user base in the current environment? Please share your views with us.  The post XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms? appeared first on Coingape.

Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP

Ripple has secured another major partnership with international money transfer company MoneyGram. This will allow the company to use Ripple’s native token XRP to provide liquidity for international payments to MoneyGram customers. This is in a bid to enhance the speed and efficiency of the payment system that MoneyGram operates. In an interview with Fortune on the partnership, Ripple CEO Brad Garlinghouse said: “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations.” The partnership also gives Ripple an 8% to 10% stake in MoneyGram by paying $4.10 per share. This, however, does not give Ripple a voice in the dealings of MoneyGram for now as part of the agreement. MoneyGram, on the other hand, will have the opportunity of reviving its financial standing from Ripple’s investment which it direly needs after its share price crashed significantly.  It will also increase the efficiency of the payment platform, the management said. “We are very pleased with the terms of the Ripple investment which supports the Company with permanent capital and additional liquidity,” Larry Angelilli, chief financial officer of MoneyGram, said in a statement. “This partnership also provides MoneyGram with the opportunity to improve operating efficiencies and increase earnings and free cash flow,” Larry Angelilli, the chief financial officer of MoneyGram said. Ripple is the leader in remittance services as far as the blockchain industry is concerned. Its xRapid is second to none in terms of transaction efficiency and speed. With the new partnership, XRP which will be used for liquidity will be exposed to MoneyGram’s customers in over 200 countries globally. MoneyGram is the second largest provider of money transfer services in the world and while partnering with Ripple will ensure better service delivery to its customers, it is also a huge breakthrough for Ripple which has been looking to expand its reach further into the world. With hundreds of clients using Ripple’s payment platform, the company has grown significantly thus improving the international remittance settlement market by improving customer experience in conventional financial institutions. The post Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP appeared first on ZyCrypto.

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas MoneyGram, a global money transfer company, announced today it has entered into a strategic agreement with Ripple (XRP), the provider of enterprise blockchain solutions for cross-border payments. The deal will enable MoneyGram to utilize Ripple’s xRapid product, leveraging ripples (XRP) in foreign exchange settlement as part of MoneyGram’s global payment process With an initial term […] Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas

Ripple Announces Game-Changing Partnership With MoneyGram

By CCN Markets: Ripple announced a partnership with money transfer giant MoneyGram today. Two Year Exclusive Agreement, Ripple and MoneyGram According to Ripple Labs, a two-year partnership has been struck with MoneyGram which makes Ripple its exclusive digital assets partner. The purview of Ripple’s use case here might be more limited than expected. It depends on how many of the transactions are sent and received using Ripple’s technology and how much they’re worth. Whatever the case, the partnership doesn’t, for example, mean that you’ll be able to buy and sell XRP at any MoneyGram location. Something along those lines would The post Ripple Announces Game-Changing Partnership With MoneyGram appeared first on CCN Markets
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