Monthly Archives: August 2019

Israeli Financial Authority to Accelerate Blockchain, Fintech Licensure

A department of the Israel Ministry of Finance is looking to drive fintech competition with industry teams and licensing help. The Capital Market, Insurance and Saving Authority, a division of Israel’s Ministry of Finance (MoF), is looking to accelerate the process of procuring licenses for blockchain and fintech companies in the country. Israeli business news outlet Calcalist reported the development on Aug. 19. According to the report, the authority has launched dedicated industry teams, some of which specialize in blockchain companies.   According to the report, the authority […]

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New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex

The New York State Supreme Court has ruled that Bitfinex is in the jurisdiction of the state’s Attorney General, allowing for a continuation of its investigation. The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex. According to a court filing on Aug. 19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud and misleading investors.  In the filing, Judge Joel Coehn dismissed a motion by […]

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Software Engineering Firm EPAM Joins Blockchain in Transport Alliance

EPAM Systems Inc. has joined the Blockchain in Transport Alliance, which develops blockchain standards in the transportation, logistics and supply chain industries. Software engineering and IT consulting services firm EPAM Systems Inc. has joined the Blockchain in Transport Alliance (BiTA) that develops blockchain practices and standards in the transportation, logistics and supply chain industry. According to a press release on Aug. 19, EPAM determined 21 real-world use cases of blockchain tech in industries such as life sciences, transportation, logistics, agriculture, consumer packaged goods, manufacturing and retail, insurance […]

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Binance iOS App Listed on Apple App Store After Delay for Review

Binance’s iOS app is officially listed on the Apple App Store once again following a delay for review. Major global crypto exchange Binance has got its iOS application listed on the Apple App Store. In a blog post on Aug. 19, the exchange announced that the Binance iOS App (V1.7.1) has returned to the App Store. Prior to the official announcement, Binance CEO Changpeng Zhao revealed the news in a tweet on Aug. 17, stressing that the process of getting listed on the App Store was tough […]

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Report: Israeli Bitcoiners Petition Banks to Disclose Crypto Policies

A cryptocurrency nonprofit is filing a court petition for Israeli banks to provide regulatory clarity on their crypto policies. The Israel Bitcoin Association, a nonprofit organization that promotes the use of Bitcoin (BTC) and cryptocurrencies, has reportedly filed a freedom of information petition with a Jerusalem court. The petition purportedly seeks to require local banks to disclose their policies on money originating from digital currencies.  Local news daily Globes reported on Aug. 19 that state banks are required to report reasons for refusing transactions to the country’s […]

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Crypto Custodian BitGo Hires Former Xapo Vice-President as CRO

Digital asset trust and security company BitGo has appointed former Xapo senior vice-president Pete Najarian as its new chief revenue officer. Digital asset trust and security company BitGo has appointed wallet provider Xapo’s former senior vice-president Pete Najarian as its new chief revenue officer (CRO). As finance-focused media outlet Finance Magnates reported on Aug. 19, Najarian will now serve as BitGo’s CRO, reporting to the company’s chief executive officer Mike Belshe. Commenting on the appointment, Belshe said: “Pete has a deep understanding of capital markets and an […]

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Winklevoss’ Gemini Crypto Exchange Hires New Chief Security Officer

The Gemini platform, founded by the Winklevoss twins, has hired a new chief security officer with cybersecurity experience. Gemini, the cryptocurrency exchange and custody founded by the Winklevoss twins, has hired cybersecurity expert David Damato as its new chief security officer (CSO). Damato was previously the CSO of cybersecurity firm Tanium.  Tyler Winklevoss announced the new hire in an official blog post on Aug. 19. According to the blog, Damato previously created and led a cybersecurity team at Tanium that provided security services to government agencies, Fortune […]

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Deloitte Rolls Out Demonstrational Blockchain Platform

Big Four audit and consulting firm Deloitte has rolled out a blockchain-based platform for users to experiment and demonstrate blockchain solutions. Big Four audit and consulting firm Deloitte has rolled out a blockchain-based platform designed to provide users with blockchain demonstrations and experimentations. In a press release published on Aug. 19, Deloitte revealed the launch of the Blockchain in a Box (BIAB) platform, which the company built based on customer interest in understanding blockchain capabilities in real world use cases.  Demonstrational platform for prototypes Deloitte described the […]

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As US Expands Subprime Mortgage Program, Is a New Crisis Looming?

The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social groups buying a first home, critics fear a new subprime mortgage crisis could be in the making, given the current state of the residential property market. Also read: Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies […]

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Bank of America Files Patent for Multi-Tiered Digital Currency Wallet

Bank of America has filed a patent for a crypto-inclusive digital currency wallet with multiple tiers of access. United States-based investment banking company Bank of America (BofA) has filed a patent for a digital currency wallet with multiple layers of asset access. The proposed wallet would accept different passwords for different amounts of funds requested.  The United States Patent and Trademark Office published BofA’s application on Aug. 15. Per the filing, this technology would comprise a computing platform with a digital wallet interface.  The platform would be […]

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