Malta-based company Palladium will launch the world’s first so-called initial convertible coin offering (ICCO) with two partners including Bittrex, a press release announced July 10. Palladium, which wants to build a regulated cryptocurrency exchange in Malta, will seek to distribute $150 million in tokens in the ICCO, scheduled to begin July 25. The exchange, which will operate under full regulation of Malta’s increasingly crypto-friendly jurisdiction, will be built using around 15 percent of accumulated funds. The remainder, Palladium says, will be used in the “acquisition of a controlling interest in a European bank,” along with “strategic investments in financial services …

Seattle-based crypto exchange Bittrex has signed a banking agreement that will allow corporate investors to trade selected cryptocurrencies for fiat, Bloomberg reports today, May 31. Bittrex, which supports over 200 cryptocurrencies and reportedly has over 3 mln customers worldwide, will cooperate with New-York based Signature Bank to launch fiat trading for Bitcoin (BTC), Tether and TrueUSD. Speaking of the new banking deal, Bittrex CEO Bill Shihara is quoted as saying that the process “had been a long path”: “They really do look and pore through the entire business. They want to make sure that we’ve got robust AML/KYC (anti-money laundering/know …