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| October 23, 2018

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‘Sad Day for American Retail’: Sears Declares Bankruptcy

October 15, 2018 |

A $ 134 million debt payment due Monday was the final straw for the business Richard Warren Sears started in 1886. Sears, an American institution for many years, filed for Chapter 11 bankruptcy protection early Monday, CNN reports. The company, which also owns Kmart, says it plans to remain in business…
Newser

If you’re a ‘non-elite,’ expect to wait around when American Airlines cancels or delays a flight

October 13, 2018 |

American Airlines is taking some heat after an internal memo leaked telling employees that their first priority during delays or cancellations should be to get elite passengers to their destinations, even if it means using a competing airline, but economy passengers shouldn’t get that option.

The…


L.A. Times – Business

Turkey Is Expected to Release American Pastor on Friday

October 12, 2018 |

The U.S. and Turkey are expected to begin mending a rupture in relations with the likely release Friday of pastor Andrew Brunson from detention and house arrest in Turkey.
WSJ.com: What’s News Europe

Millennials Blamed for Travails of American Cheese

October 11, 2018 |

American cheese has been a staple in US kitchens for decades, but Bloomberg reports that its fortunes appear to be heading south. The story also sees one big reason why: Millennials aren’t interested in buying or eating the processed stuff, preferring instead natural cheeses that taste more distinctive even if…
Newser

All of the winners at the 2018 American Music Awards

October 10, 2018 |

A list of the winners at the 2018 American Music Awards, held Tuesday night at the Microsoft Theater in Los Angeles.
FOX News

First it was bag fees. Now American Airlines is raising the cost of — gasp — booze

September 30, 2018 |

A week after American Airlines raised its checked bag fees, the world’s largest carrier announced it will also hike the cost of beer, wine and spirits by $ 1.

Starting Oct. 1, the cost of a beer for passengers in the main cabin will rise to $ 8, while the price of wine and other spirits will increase…


L.A. Times – Business

American Bar Association Calls for Delay on Kavanaugh

September 28, 2018 |

Republicans say they’re going ahead with a Senate Judiciary Committee vote on Brett Kavanaugh on Friday—but the American Bar Association thinks they should wait. In a letter released late Thursday, the ABA, which previously declared the nominee “well-qualified” for the court, said the process should be halted until the…
Newser

American fashion house Michael Kors takes $2.2-billion wager on Versace’s rococo flourishes

September 26, 2018 |

Of all the bets Michael Kors Holdings Ltd. could have made on its quest to become an American house of luxury labels, its $ 2.2-billion gamble on Versace stands out as particularly bold.

Kors said Tuesday that it will spend that sum to acquire the Italian fashion label known for its distinct rococo…


L.A. Times – Business

American and Delta match the higher bag fees charged by United and JetBlue

September 24, 2018 |

With travel demand growing and the price of jet fuel rising, Delta and American Airlines have raised checked bag fees, matching the higher prices adopted in the last few weeks by JetBlue and United.

American Airlines, the world’s biggest airline, became the latest carrier Thursday to announce that…


L.A. Times – Business

Bittrex to Launch Caribbean and Latin American Crypto Exchange

September 7, 2018 |

Bittrex to Launch Caribbean and Latin American Crypto-Exchange

The US-based exchange Bittrex has announced a partnership with Cryptofacil, a new cryptocurrency trading platform designed to accommodate citizens in Latin America and the Caribbean. The company explains the new exchange will be powered by Bittrex and offer customers in those regions accessibility to over 200 digital assets.

Also read: Proof-of-Stake is a Rebranded Version of the Old Financial System

US Exchange Bittrex Is Launching a New Exchange That Tends to Latin American and Caribbean Citizens

Bittrex to Launch Caribbean and Latin American Crypto-ExchangeThe North American cryptocurrency trading platform Bittrex is expanding its operations by entering a new partnership with a financial tech company called Cryptofacil. Bittrex has detailed it will be launching an exchange with Cryptofacil that will allow Latin American and Caribbean residents the ability to trade over 200 cryptocurrencies. At the moment the companies are offering a pre-registration period for interested traders. Cryptofacil’s co-founder, Andres Szafran, says the team plans to leverage the Bittrex trading platform’s experience and token review process.

“We developed Cryptofacil to focus on basic customer requirements: a simple and easy to use cryptocurrency platform with superior customer support and value-added services in a safe and secure environment,” explains Szafran. “Our goal is to become the crypto exchange of record and the most reputable platform in Latin America and the Caribbean.”

Bittrex to Launch Caribbean and Latin American Crypto-Exchange

A Focus on Driving Worldwide Cryptocurrency Adoption

Bittrex CEO Bill Shihara says the Cryptofacil team based in Uruguay has a deep knowledge of the Latin American and Caribbean markets. The partnership provides Bittrex with the opportunity to offer these residents access to a broad selection of cryptocurrency assets and the company’s reputation will help bolster the goal. The partnership with Cryptofacil “will further drive worldwide adoption,” Shihara detailed during the announcement.

Shihara emphasized:

As we continue expanding our global footprint, it is partnerships like this one that will serve to not only support the blockchain industry, but also to incubate innovative projects using this revolutionary technology.

In Latin America and the Caribbean, much of the population is unbanked and estimates believe over 400 million people do not have access to basic financial services. The new Cryptofacil exchange will compete with a slew of other firms trying to tap this market such as Bitso, Ripio, Volabit, Panda Exchange, Bitex, and Cryptobuyer. Founded in 2013 by Shihara and with over $ 39 million in daily cryptocurrency trade volume, Bittrex thinks it can make a dent in these areas. Moreover, while citizens from the Caribbean and Latin America will be Cryptofacil’s first venture, the platform may expand to other areas as well, details Bittrex.

What do you think about Bittrex expanding into the Caribbean and Latin America region with an exchange called Cryptofacil? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, Bittrex, and Cryptofacil. 


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