Monthly Archives: August 2019

Facebook-owned WhatsApp Looks to Launch Digital Payments in Indonesia

Facebook-owned WhatsApp is in early talks with local firms to launch digital payments service in Indonesia. Facebook-owned messaging service, WhatsApp, is purportedly in preliminary talks with multiple digital payments firms as well as a state-owned bank to launch digital payment services in Indonesia.  Reuters reported that they had learned of this development from anonymous sources on Aug. 20. According to the report, WhatsApp is currently negotiating with transportation booking service Go-Jek, mobile payments provider DANA, fintech startup OVO and state-owned Bank Mandiri. Bank Mindri operates a digital […]

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ICO Rating Settles With SEC Over Alleged Anti-Touting Violations

Analytical agency ICO Rating has settled with the U.S. SEC for $268,998 over alleged violations of anti-touting provisions from the Securities Act of 1933. The United States Securities and Exchange Commission (SEC) has charged Russian analytical agency ICO Rating for $268,998 for violating anti-touting provisions, according to an announcement on Aug. 20. In the announcement, the SEC claimed that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of 1933 by failing to disclose payments it received from initial coin offering (ICO) issuers […]

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Experts: South Korean Crypto Projects Look to Leave the Country

The number of South Korean digital currency projects leaving the country to list their products on foreign exchanges is increasing, experts say. The number of South Korean digital currency projects leaving the country to list their products on foreign exchanges is increasing, experts say. South Korean news outlet Business Korea reported on Aug. 19, that industry experts have noticed a surge in cryptocurrency and blockchain-focused projects seeking to list their early-stage products on overseas platforms. Experts define reasons behind projects’ departure Experts named several key reasons that […]

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Bitfinex and Tether Respond to New York Judge, Will Pursue Appeals

Bitfinex and Tether have acknowledged the judge’s decision not to dismiss their case due to a claimed lack of jurisdiction in New York but plan to appeal. Bitfinex and Tether have replied to Judge Joel Cohen’s recent ruling in the New York Attorney General (NYAG) ongoing case against companies. Cohen dismissed Bitfinex’s motion to throw out the case due to lack of jurisdiction, so the NYAG will continue to prosecute the companies via the Martin Act. Bitfinex issued its reply in an official blog post on Aug. […]

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How Do Crypto Exchanges Select Coins, What Does It Take to Get Listed?

As the crypto industry becomes more structured, major exchanges develop policy frameworks to evaluate the process of listing new tokens and delisting others… Binance.US, an upcoming subsidiary of one of the world’s leading cryptocurrency exchanges that will be compliant to operate within the United States, has recently gotten investors excited with an announcement that the platform was reviewing 30 new assets for listing. Importantly, the news also shed some light on the Digital Asset Risk Assessment Framework — a novel set of criteria to determine blockchain projects […]

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Major Coins Report Mild Losses, Bitcoin Price Hovers Around $10,700

Major cryptocurrencies are declining again, after recent brief recovery attempt, while Bitcoin price remains near $10,700. Tuesday, Aug. 20 — following a brief period of recovery, almost all of the top-20 coins by market capitalization have entered the red again, with Bitcoin (BTC) hovering around $10,700. Market visualization. Source: Coin360 The leading digital currency BTC is struggling to stay in positive territory, being up by a modest 0.26% on the day to trade at around $10,735 as of press time. BTC started the day near $10,697, subsequently […]

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Crypto Payment Firm Everex Obtains License From New Jersey Regulators

Everex has received a full Money Transmitter License from a New Jersey regulator, allowing it to expand cryptocurrency trading service in the U.S. market. Stablecoin-based settlement platform Everex has obtained a full Money Transmitter License from a New Jersey regulator, allowing the company to test services in the United States. In a press release shared with Cointelegraph on Aug. 19, Everex revealed that the New Jersey Department of Banking and Insurance issued the company a full Money Transmitter License as of Aug. 13. Big plans on U.S. […]

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Square Crypto Hires Blockstream Co-Founder, Open Source Bitcoin Dev

Square Crypto announced on Twitter that they have hired Matt Corallo, Bitcoin software developer and co-founder of Blockstream. Square Crypto, the cryptocurrency-focused branch of mobile payment company Square, has hired Blockstream co-founder and Bitcoin (BTC) developer Matt Corallo. Square Crypto announced the news in an official Twitter post on Aug. 20. Matt Corallo also commented on the announcement, saying: “So excited to be joining the @sqcrypto team over the coming weeks. Experimenting with different models to accelerate Bitcoin OSS is awesome!” As indicated in his Twitter post, […]

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The European Commission Concerned About Libra’s Potential Monopoly

The European Commission’s antitrust arm is investigating whether Libra will be an anticompetitive enterprise. Antitrust regulators at the European Commission, the executive branch of the European Union, have sent out a questionnaire to determine whether Facebook’s proposed stablecoin Libra is an anticompetitive project. Bloomberg learned of the news via a private document, per a report on Aug. 20. According to the report, the Commission sent out a questionnaire earlier in August in an attempt to figure out whether rival entities would be able to compete with the […]

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Crypto Transaction Tracking Service Whale Alert Announces Version 2

Whale Alert, a service that tracks large cryptocurrency transactions, announced a new version of its platform that will add independent blockchain tracking. Whale Alert, a service dedicated to tracking major cryptocurrency transactions, has announced a second version of its platform in development. Updated tracking capabilities Whale Alert’s official Twitter account announced on Aug. 20 that the service is currently working on the second version of its platform, which includes additional services. The announcement reads: “We are excited to announce Whale Alert v2: the world’s largest independent blockchain […]

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