Blockchain and crypto company Paxos has raised $65 mln from investors to extend its operations and launch new products. Paxos, an American financial technology startup, has attracted $65 mln from investors, including venture capital firms RRE Ventures and Liberty City Ventures, and private equity executive Jay Jordan, Reuters reported May 31. The company was initially founded in 2012 as Bitcoin exchange itBit and later rebranded as Paxos, a business focused on providing services using blockchain technology. Paxos holds a trust company charter in the state of New […]

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sponsored An established, global crypto payment processor says its solution will help start-ups increase user adoption for new custom-made tokens. A company that describes itself as a “pioneer in the digital payments space” has unveiled plans to become the first company to offer payment processing capabilities for transactions involving ERC20-compliant tokens. CoinPayments, which was established back in 2013, says its payment gateway has the potential to help fledgling crypto start-ups increase adoption for their custom-made tokens (ERC20), without the need for each company to code their own […]

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Seattle-based crypto exchange Bittrex has signed an agreement that will allow corporate investors to trade selected cryptocurrencies for fiat. 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 […]

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Kathryn Haun, board member of Coinbase and HackerOne, claims that regulation should not “outpace understanding.” Kathryn Haun, board member of Coinbase and HackerOne claimed that cryptocurrency and blockchain will not see regulation for years, Techcrunch reports May 31. Haun made her statements on regulation at the Code Conference in California today. Haun drew parallels between the internet and crypto, claiming that the in the early days of the internet, users called for one single regulatory body, which never took place. As per Haun, crypto and blockchain are […]

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Crypto exchange BitBay has been invited by Poland’s financial authority to collaborate in a working group on blockchain just as BitBay was forced to end Polish operations. Recently expatriated Polish cryptocurrency exchange BitBay tweeted yesterday, May 30, that the Polish Financial Supervision Authority (KNF) has asked them to join a Blockchain Working Group. BitBay suspended operations in Poland this week after banks refused to cooperate with the exchange, in the wake of the Polish government’s increasingly negative stance toward cryptocurrencies. Although BitBay did not directly address whether […]

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Monster’s Big ICO Founded 40 years ago, Monster has been around for long enough to see several industry-changing moments with headphones and speakers. It has also seen itself in the unfortunate position of losing profit over the last few years and has now decided to take a major step to pull itself back up again. Said step being an initial coin offering (ICO) of $300 million. This is – up until now – one of the largest ICOs to take place and the first longstanding consumer product […]

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