– Kraken has raised over $13.5 million in financing
– Walmart China has partnered with VeChain
– Michael Novogratz made prediction on BTC price
– Huobi will expand to Turkey
– CCN.com has U-turned on its abrupt decision to shut down
San Francisco-based cryptocurrency exchange Kraken has raised over $13.5 million in financing from 2200+ investors on online investment platform BnkToTheFuture.
***
Walmart China has partnered with VeChain to track food delivery via blockchain.
The new Walmart China Blockchain Traceability Platform already boasts 23 product lines tested and listed, according to the press-release, with another 100 planned by the end of the year across 10 product categories.
*** Michael Novogratz, founder and CEO of Galaxy Digital, has predicted that bitcoin price will stabilize between $10,000 and $14,000.
***
Singapore-based cryptocurrency exchange Huobi announced its plans to expand to Turkey.
Huobi said its offering will include “a fiat onramp for Turkish lira” and a dedicated office with local resources. To cater to the upcoming traffic from the Turkish market, the crypto venue plans to offer localized products and customer services.
“As part of its ongoing plans for global expansion, Huobi Group will be moving aggressively into the Turkish market over the course of the next 12 months,” the company said in a statement.
Turkey has one of the highest percentages of crypto ownership in Europe as high inflation is turning locals to cryptocurrencies in search of a more stable store of value and means to transact.
***
Cryptocurrency news outlet CCN.com (formerly CryptoCoinsNews) has U-turned on its abrupt decision to shut down, staff confirmed in an article.
The outlet had previously posted a note that a recent Google Core Update had led to a more than 70% visibility drop on mobile overnight, leading the organization to decide to shut down rather than downsize. However, an update this week from CCN Markets Director Jonas Borchgrevink notes that, for an unexplained reason, the crypto outlet’s old domain name, CryptoCoinNews, has been showing up with new 2019 articles on Google, leading the team to decide to keep working.
