In a deal reportedly worth $100 million or more, the crypto exchange Kraken has acquired the regulated futures trading service Crypto Facilities. This will help Kraken users invest in future price movements of cryptocurrencies and, with Crypto Facilities' licenses and approvals, could help efforts to expand services in Europe.
Ahead of announcing an official strategy for leveraging blockchain technology more widely, the German government has opened a process for receiving recommendations around the technology from local companies and industry groups. Germany is Europe's largest economy and Berlin is home to numerous blockchain startups. The solicited recommendations could lead to official legislative action in the near future.
ICOs emerged quickly as a popular model for crypto startups to raise funds, exposure and customer interest. But the world of ICOs took a nasty turn in 2018, with many projects that used the model unable to deliver on their promises to investors or turning out to be downright phony.