Monthly Archives: October 2018

Russia: Business Lobby Group Sends Prime Minister Medvedev Proposal on Crypto Regulation

A lobby group of Russian entrepreneurs has presented their alternative to the current draft bill on cryptocurrencies to Prime Minister Dmitry Medvedev. A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) has recently sent its proposals for crypto regulation to country’s prime minister Dmitry Medvedev, Russian business media RBC reports Monday, Oct. 22. Per a document obtained by RBC, the head of RSPP Alexander Shokhin criticizes the main draft that was accepted by the Russian State Duma in the first of three readings in […]

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Circle’s USDC Stablecoin Added to Coinbase

The global cryptocurrency exchange based out of San Francisco, Coinbase, has announced the firm will now support Circle’s USDC stablecoin on its exchange and brokerage service platforms. Coinbase believes that blockchain-based digital dollars like USDC provide many benefits to the cryptocurrency market ecosystem. Also read: Bitpay Announces Stablecoin Support for Merchant Settlement Coinbase and the USDC Stablecoin Coinbase announcing the launch of stablecoin support on its trading platform is part of a growing trend within the crypto-economy. On Oct. 23, the Californian exchange revealed that customers in supported jurisdictions can […]

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Regulators Approve Coinbase to Offer Custody Services in New York State

Coinbase has secured approval from New York state regulators to act “as a limited purpose trust company” in the state, a press release reveals. According to the release, the New York Department of Financial Services (DFS) has officially signed off on an application for the Coinbase Custody Trust Company, a subsidiary of Coinbase Global, Inc. With the approval, Coinbase is now authorized to provide custody services in the state of New York for bitcoin, ethereum, bitcoin cash, litecoin, ethereum classic and XRP, the last of which is […]

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Blockstack Looks to Boost Decentralized App Usage Through New App Mining Program

As a company looking to give users full control over their digital rights, Blockstack is piloting a new app mining program that encourages designers to create new applications directly on Blockstack’s platform and earn rewards in bitcoin. The goal is to expand the decentralized app ecosystem while financing developers who build the most popular applications. Patrick Stanley is the head of product growth at Blockstack. Speaking with Bitcoin Magazine, he says that app mining is a system where developers are rewarded by Blockstack and other participating companies […]

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Financial Giant SBI Group to Develop Wallet Following New Partnership

Japanese financial services giant SBI Group will develop a wallet following a partnership with Danish cryptography services firm Sepior ApS. Japan-based financial services firm SBI Group and Danish cryptography services company Sepior ApS have partnered to jointly develop a proprietary wallet, according to an announcement published Oct. 13. The wallet is set to ensure secure transactions on SBI’s cryptocurrencies exchange platform, VCTRADE. The SBI Group was established in 1999 in Japan as an Internet-based financial services provider. Since then, the company has formed a financial conglomerate with […]

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Crypto Markets See Mixed Signals, Mostly Trading Sideways

Crypto markets are seeing mixed signals, with total market cap seeing a slight drop off, Bitcoin is trading around $6,480. Tuesday, Oct. 23: crypto markets continue their sideways trend today, with total market cap slightly down over the past 24 hours, according to CoinMarketCap. The markets are seeing mixed signals as of press time, with most top coins trading sideways, up or down by less than one percent. Market visualization from Coin360 Bitcoin (BTC) is up less than a tenth of a percent over the past 24 […]

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Bakkt Bitcoin Futures to Start Trading in December

Intercontinental Exchange has announced that its Bakkt Bitcoin Daily Futures Contract will start trading on Dec. 12. Each trade “will result in physically delivered bitcoin” and will trade in U.S. dollar terms, the firm explained, adding that one contract will be listed for trading each exchange business day. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Date Set for Bakkt Bitcoin Futures Intercontinental Exchange Inc. (ICE) announced on Monday that its U.S.-based futures exchange, ICE Futures U.S. Inc., “will list the new Bakkt Bitcoin (USD) Daily Futures […]

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A Year After Launch, BTCPay Has Grown Larger Than Its Creator Expected

First hinting at his project in a reply to a BitPay tweet on August 2017, Nicolas Dorier boldly claimed that BTCPay would make one of crypto’s most popular payment processors obsolete.   In an r/Bitcoin post two months later, he clarified that his brainchild isn’t meant to “take the place of BitPay.” Rather, BTCPay is poised as a new and improved alternative, a decentralized stand-in for merchants who wanted an easier way to accept bitcoin. A year later, the project has grown larger than Dorier anticipated. With a […]

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SEC Publishes Memorandum From Meeting on SolidX, VanEck BTC ETF Proposal

The U.S. SEC has published a memorandum from a meeting regarding the much-discussed Bitcoin ETF proposal from VanEck and SolidX.   The U.S. Securities and Exchange Commission (SEC) has published a memorandum, dated Oct. 9, from a meeting regarding the Bitcoin (BTC) exchange-traded-fund (ETF) proposal from VanEck and SolidX. As stated in the memorandum, VanEck is a New York-based investment management firm with $46 billion in assets under management and SolidX is a provider of blockchain software development and financial services. According to the document, on Oct. […]

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Nexo Lending Platform Adds Bitcoin Cash Support

Cryptocurrency loans service Nexo has confirmed it is adding support for bitcoin cash (BCH). The Switzerland-based lending platform offers crypto-fiat loans from upwards of $1,000, with no credit checks required as collateral. BCH holders will be able to stake their cryptocurrency as collateral and obtain instant funding in more than 40 fiat currencies. Also read: Japanese Regulator to Host Regular Global Cryptocurrency Roundtable BCH Becomes Nexo’s Sixth Cryptocurrency Cryptocurrency lending service Nexo has been expanding rapidly. It recently added Ripple’s XRP and has now confirmed support for bitcoin […]

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