MSX, the newly launched fintech arm of the Malta Stock Exchange, has inked several new deals aimed at creating new marketplaces for tokenized securities. The newly inked deal sees MSX team up with Neufund, a platform for securities tokenization and issuance, to build a “regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets,” according to a press release. Exactly what will make the new exchange decentralized was not explained, however. The partners are already planning a pilot later this year, which will include a public offering of tokenized…
Day: July 19, 2018
Ex-Trump Advisor Steve Bannon Is Making a Cryptocurrency
Steve Bannon, former chief strategist to U.S. President Donald Trump, confirmed that he wants to launch a cryptocurrency of his own. Speaking to CNBC on Wednesday, the Breitbart co-founder said “they’re the future,” adding that “we’re working on some tokens now, utility tokens, potentially, for the populist movement on a worldwide basis.” Bannon first hinted at the idea in June, though at the time he was hesitant about revealing too many details of his cryptocurrency plans, according to the New York Times. He did contemplate naming his token the “deplorables…
Bitcoin Price Prepares to Test $8K After Bull Breather
Bitcoin’s (BTC) minor price pullback yesterday has likely recharged the bulls for a rally towards $8,000, technical charts indicate. The leading cryptocurrency has spent a better part of the last 15 hours trading in the $7,240–$7,440 range, having clocked a 40-day high of $7,588 at 18:00 UTC yesterday. Moreover, BTC was looking overbought at multi-week highs, hence a minor correction was expected. More importantly, the price pullback and the subsequent consolidation, when viewed against the backdrop of the high volume inverse head-and-shoulders breakout, indicate that BTC has likely gathered steam…