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Bitcoin Suisse Applies for Banking License with Swiss Regulators

July 17, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

In a bid to expand its crypto product offerings and strengthen its position as a global provider of crypto-based financial services, Bitcoin Suisse AG has applied for a banking license with the Swiss Financial Markets Supervision Authority (FINMA), according to a press release on July 16, 2019. Bitcoin Suisse Seeks...

CoinFLEX to Launch Polkadot’s DOT Futures on July 17, 2019

July 17, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

CoinFLEX, a platform that offers physically-delivered Bitcoin and Tether futures, is looking to launch its first initial futures offering (IFO) on July 17, 2019. The first project, Polkadot’s DOT tokens, will be offered at $75 each during the IFO. The sale is in a bid to meet a $1.2 billion...

SeedCX BitLicense card Statue of Liberty God Bless America

SeedCX Subsidiaries Secure New York BitLicense

July 16, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Seed CX, a regulated bitcoin trading platform for professionals, has achieved a significant feat in its development, as two of its subsidiaries, Seed Digital Commodities market LLC (SCXM) and Zero Hash LLC, have obtained virtual currency licenses from the New York State Department of Financial Services (DFS). Securing the BitLicense...

Cleveland Cavaliers BasketBall Club Joins the Crypto Bandwagon

July 16, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

The Cleveland Cavaliers, an American professional basketball club established in 1970, and Cavs Legion GC, the NBA 2K League counterpart of the former, have inked a partnership deal with UnitedCoin, a cryptocurrency project. The partnership will enable UnitedCoin to become the official crypto partner of Cavs Legion, according to a...

The UK’s Royal Mint Produces First Cryptocurrency

July 15, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Temtum, a crypto project developing a quantum-secure, decentralized blockchain network called Temporal, has created the genesis block for its temtum (TEM) altcoin using the infrastructure of the Royal Mint. The startup has also stored temtum’s private keys in the vault of the Royal mint ahead of its official launch on...

Japan’s Bitpoint Exchange Recovers Stolen Cryptos

July 15, 2019 by Ogwu Osaemezu Emmanuel at Finance

Bitpoint, a Japan-based Bitcoin trading venue that suffered a 3.5 billion yen ($32 million) heist last week, has reportedly found over 250 million yen ($2.3 million) of the stolen digital assets, bringing down the total sum of lost cryptocurrencies to $28 million, reports local news source, The Mainichi on July...

Santander Bank Taps Ripple Technology for a new xCurrent-Based Payment Corridor

July 15, 2019 by Ogwu Osaemezu Emmanuel at Finance

Santander Bank, a leading Spanish financial institution established in 1857, now facilitates cross-border payments between the United Kingdom and Poland free of charge, through its Pay FX digital banking app which is powered by Ripple’s xCurrent, according to reports on July 14, 2019. Santander doing More with xCurrent Per sources...

People Holding Pitchforks with a Fire in the Background

Angry Investors Burn down Bitcoin Ponzi Scheme Operator’s Home

July 13, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Angry South African investors who lost millions of dollars in the now-defunct Bitcoin Ponzi scheme called “Bitcoin Wallets” have looted and burned down the house of Sphelele Sgumza Mbatha, the operator of the scam project, reports the Verge on July 12, 2019. Bitcoin Ponzi Scheme Creator Loses House to Mob...

Ex-Hollywood Exec Indicted for Stealing and Pumping $22 Million into Bitcoin

July 12, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Dennis Blieden, a former executive at StyleHaul Inc., a marketing services, media, and technology firm that represents influencers on YouTube and Instagram, has been arrested for embezzling $22 million from the company. Blieden allegedly invested the money in bitcoin and other personal expenses, according to a press release on July...

President Donald Trump Shuns Bitcoin and Facebook’s Libra Project

July 12, 2019 by Ogwu Osaemezu Emmanuel at News

The President of the United States, Donald Trump has made it clear that he is not a fan of bitcoin (BTC), Libra, and other cryptocurrencies. He added that firm’s like Facebook looking to issue digital assets must obtain a banking charter and come under the purview of financial regulators in...

Binance 2.0 Goes Live with Margin Trading Support

July 12, 2019 by Ogwu Osaemezu Emmanuel at Finance

Leading crypto exchange and distributed ledger technology (DLT) project, Binance has announced the launch of its margin trading service on the Binance 2.0 platform. The firm says the new product is part of its larger plans to foster financial freedom and push the crypto industry forward, according to a blog...

Bitcoin Payments Platform Foldapp Adds Lightning Support

July 11, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Foldapp, a platform that enables users to spend their bitcoin (BTC) at various retail stores in the United States, including Starbucks, has added support for the Lightning Network, Bitcoin’s Layer-two scaling solution. With this, it is now to possible for users to pay with bitcoin in a super fast and...

Facebook Heavily Criticized in Congressional Hearing, Zuckerberg Evades Specific Questions

U.S. Federal Reserve Puts Facebook’s Project Libra in the Hot Seat

July 11, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

The United States Federal Reserve Chairman, Jerome Powell, has joined the growing list of authorities calling for the head of Mark Zuckerberg and Project Libra. Powell says Libra's global cryptocurrency poses serious concerns regarding money laundering, privacy, and a host of others reports CNBC on July 10, 2019. Powell Says...

Putin checking out some bitcoin russia flag

Russia May Postpone Implementation of Cryptocurrency Law

July 11, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Anatoly Aksakov, head of the State Duma Committee on the Financial Market revealed that Russia's digital financial assets law has been practically agreed upon but it may be postponed to autumn because the authorities have been unable to reach a concrete agreement on how bitcoin and altcoins should be handled...

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Austria’s FMA Warns Against Unlicensed Bitcoin Investment Scheme

July 11, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The Austrian Financial Market Authority (FMA), the nation’s financial watchdog, has warned investors to be wary of Bitcoin Trader, an unlicensed bitcoin investment scheme that promises investors huge profits of $1,460, according to reports on July 10, 2019. FMA Warn Investors Per sources close to the matter, Austria’s financial watchdog,...

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