Earlier this week Bitstamp, a crypto currency exchange based in Luxembourg, has been awarded a Bitlicence from the New York Department of Financial Services (NYDFS). This will allow Bitstamp to trade, Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP) and other digital assets within the New York state. Nejc Kodrič the CEO of Bitstamp […]
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Tagomi, is a crypto brokerage firm, that intends to act as an agent for larger investors who want to remain anonymous. This week, the New York Department of Federal Services (NYDFS), has approved Tagomi’s application for a virtual currency licence and a money transmission licence. Greg Tusar the CEO at Tagomi Trading LLC stated: “We […]
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Rakuten has announced yesterday that it has gained approval for licensing from Japan’s financial securities authority (Kanto Local Finance Bureau) to provide virtual exchange services. It plans to roll out Rakuten Wallet within a month. Having previously acquired Everybody’s Bitcoin, it has now rebranded officially into Rakuten Wallet. Previously Rakuten had received orders from the […]
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The Chairman of the Securities and Exchange Commission has hinted, in an official response to a US House of Congress Representative that it agrees with the previous statements made by other SEC representatives, specifically those of William Hinman, who had stated that Ethereum (ETH) did not look to fall into the definition of a security. […]
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The nightmare continues. Crypto exchange QuadricaCX, whos founder Gerald Cotten had died in India in Dec 2018, was the only person who had the encrypted keys to its account holders crypto currency. Since then an investigation, conducted by Ernst and Young, has reviled details about the cold wallets that store Bitcoin (BTC) and other cryptocurrencies. […]
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Cryptopia, the now-infamous New Zealand cryptocurrency exchange has finally disclosed the total losses incurred from the recent hack. Their worst-case calculation amounts to 9.4% of their total holdings stolen. In a Tweet earlier this week, Cryptopia stated: Cryptopia have been working with the New Zealand Police since the breach was discovered, and have only recently […]
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In a surprising move, Coinbase Pro, has listed Ripple (XRP) for trading as of the 26th February 2019. Deposits were initially permitted on the 25th of February 2019 with trading pairs in XRP/BTC, XRP/EUR and XRP/USD available. Availability for retail customers for the purchase of Ripple (XRP) has not yet been detailed but will likely […]
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One solution to resolve the ongoing theft and loss of digital assets on crypto exchanges is to, yep, that’s right, be insured. BitGo is offering a service to do just that. BitGo is one of the world largest cryptocurrency exchanges and is backed by Goldman Sachs. BitGo at times processes over 15% of Bitcoin (BTC) […]
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It has been a troubling time for crypto exchanges over this past month. This time, Coinmama, a crypto broker based in Isreal, has announced that 450k email and passwords have been stolen and are up for sale on the dark web. They are currently working with cyber security teams to understand the scope of the […]
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BAPPEBTI has issued a ministerial regulation under No. 5/2019 for the implementation of physical markets for crypto assets in futures exchanges. Reported by the Jakarta Post, the regulation focuses governance principles for crypto asset trading, legal certainty and consumer protection. It also has a requirement to establish a physical market for crypto assets through electronic […]
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A memorandum of understanding has been signed between the Mexican government and Overstock’s Land registration division on the 4th of February 2019. In an article published by Nasdaq details about the agreement includes reference to a digital platform that will be developed to collect land registration information. Once all the information has been collected Overstock’s […]
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Following the sudden death of the Chief Executive Officer (CEO) Gerry Cotten, the founder of crypto exchange QuadricaCX, approximately $190 million CAD (Canadian Dollars) has been lost in cryptocurrency. As of the 18th of January 2019, the following balances were recorded in cold wallets: The full report details that have been released by Nova Scotia […]
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London based B2C2 OTC Ltd, founded in 2015, is an OTC electronic trading firm, that specialises in crypto currency trading. This week they have been granted approval by the Financial Conduct Authority (FCA) to deal in a derivative known as a Contract For Difference (CFD). B2C2 OTC’s CFD product gives exposure to Bitcoin (BTC), Bitcoin […]
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Yesterday the UK’s Financial Conduct Authority (FCA) have opened consultation for their policy document “Guidance on Cryptoassets“. They are seeking feedback from the public regarding how cryptoassets should be regulated in the UK. The consultation period is open until 5th April 2019, and the final policy statement due this summer. Guidance on Cryptoassets seeks to […]
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