Bitcoin News

Bitcoin Continues to Rise, Tests $11,000 Level

© Reuters.
© Reuters. – maintained its bullish momentum on Tuesday in Asia. Reports that a crypto exchange startup is considering raising more than $100 million in an IPO received some attention.

rose 4% to $10,799.8 by 1:01 AM ET (05:01 GMT). gained 2%, while inched up 0.3%. underperformed and lost 3% to $0.27797.

and other cryptocurrency prices were supported this week by news that Bakkt, a subsidiary of the Intercontinental Exchange, was given the green light from the U.S. Commodity Futures Trading Commission to launch bitcoin futures next month.

Meanwhile, INX Limited, a crypto exchange startup, plans to raise up to $129.5 million through an IPO, CoinDesk reported citing a prospectus.

It will be the first security token sale registered with the U.S. Securities and Exchange Commission, and the salewould be one of the very few full-fledged IPOs in the blockchain industry, the article said.

“When fully operational, we expect to offer professional traders and institutional investors trading platforms with established practices common in other regulated financial services markets, such as customary trading, clearing, and settlement procedures, regulatory compliance, capital and liquidity reserves and operational transparency,” says the draft prospectus.

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