CRYPTO NEWS: Latest BITCOIN News, RIPPLE News, PAYA News
Paya Payment Firm Goes Public With FinTech Acquisition III Merger
Reverse merger deals with SPAC have been gaining popularity in recent years.
Paya Inc., an integrated payments company, announced on Monday its merger with FinTech Acquisition Corp III, a specialized acquisition company, confirming its NASDAQ listing.
Fintech Startup Volante Banks Receives $ 35 Million From BNY Mellon
Volante Technologies Inc., a cloud-based payment and financial messaging platform, announced Monday that it has received $ 35 million in funding. USA for Growth, First Round of External Startup Funding.
The round was led by Wavecrest Growth Partners. It was attended by the largest financial giants, including BNY Mellon, Citi Ventures, PostePay and Visa. This was announced in a press release provided to the financial tycoons.
Ripple Snaps XRP Sales Decline With $ 33M Crypto sold In Q2
On Monday, Ripple said it sold $ 32.55 million of its XRP cryptocurrency in Q2 2020
In its second quarter markets report released on Monday, Ripple reported an increase in over-the-counter OTC sales as it reaps the benefits of new liquidity-providing integrations with Telco Swisscom Blockchain, Zero Hash swap execution engine, and Sygnum crypto bank.
Analysts are confident of further growth in the price of bitcoin
While bitcoin showed strong volatility on Sunday, August 2, the question arose as to how things would go.
A fundamental factor behind the rise in the price of bitcoin is the desire of investors to see this cryptocurrency as an opportunity to be “digital gold”. It is this circumstance, as well as the halving effect, that, according to the SpartanBlack trader, “there is no doubt that bitcoin, as has already happened in the previous three cycles, will rise to a new historical maximum,” that is, it will rise in price above the level of 20 thousand .dollars.
Meanwhile, analyst Zach Foell draws on another factor that still plays in Bitcoin’s favor – the weakening of the US dollar against the euro. If the American currency begins to strengthen again, then plans for an increase in the price of bitcoin may be in question.
Bitcoin growth forecasts
July Gold Activity Increased in PrimeXM Trading Volume
In July 2020, PrimeXM reported an average daily volume of $ 40.84 billion.
Swiss technology company PrimeXM has shown strong performance today in terms of average daily volumes, total monthly turnover and number of transactions.
In terms of total turnover on PrimeXM, last month the monthly trading volume was $ 939.35 billion, up 8% from the previous month, up from $ 869.77 billion in June 2020. Of this number, trading in the gold instrument XAUUSD accounted for 23 percent, or $ 217.5 billion of the total trading volume. It also marks a significant 42 percent gain over June as the gold price continues to hit new highs.
State bank in Switzerland to launch Crypto Services
Swiss cantonal bank Basler Kantonalbank became the first bank in Switzerland to announce its crypto plans.
Basler Kantonalbank, or BKB, a state-owned commercial bank in Switzerland, plans to launch cryptocurrency services through its banking subsidiary.
According to a report by local news agency Finews on August 3, a subsidiary of BKB and national banking group Bank Cler are working on services that will allow clients to trade and store cryptocurrencies. BKB holds a controlling interest in Cler, although the subsidiary has its own banking license, separate from BKB.
DeFi Hedget Platform Raises Funding From FBG And NGC
Hedget, which operates decentralized options trading, plans to fund staffing and new product launches.
One of the promising decentralized finance platforms, Hedget, has raised new capital to expand its product line. Announced Monday, Hedget has completed its start-up phase led by FBG Capital, one of the earliest investment funds in the crypto industry, to which NGC Ventures has joined.
The new funding from Asian fund blocks comes as DeFi apps have made notable strides in the past few years and decentralized exchange platforms are attracting significant volumes.
Hedget Raises Funding from FBG and NGC
BNP Paribas partners with NZX to develop capital markets
The bank’s initiative aims to increase offshore capital flows to NZX.
The New Zealand Exchange announced on Tuesday that BNP Paribas Securities Services plans to use the Kiwi exchange for a new initiative that will aim to expand the country’s capital markets.
Specifically, BNP Paribas plans to increase offshore capital flows to NZX, which will help further develop New Zealand’s capital market. As part of this, BNP Paribas is working to become a Common Clearing Member, which is expected to be completed in the first half of 2021, according to NZX CEO Mark Peterson.