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Danish Court Upholds Nordea’s Push to Bar Employees from Trading Bitcoin

December 4, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Nordea Bank, a financial institution in Denmark that’s part of the largest financial group in Scandinavia, has been given the go-ahead by a Danish court to continue restricting its employees from owning or trading Bitcoin (BTC). The court says the volatility associated with cryptos justifies the ban, according to a...

This Island Nation of 35K People is Set to Launch Own Stablecoin

December 4, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The British Virgin Islands (BVI), a British overseas territory made up of four major islands and 50 smaller ones in the Caribbean, has announced plans to launch its national cryptocurrency. The national crypto will be in the form of a dollar-backed stablecoin and the project is aimed at reducing the...

WisdomTree Opens Investor Exposure to Digital Asset With Bitcoin ETP

December 4, 2019 by Edoardo Vecchio at Bitcoin

U.S. asset manager WisdomTree launched its first investment product related to Bitcoin, an exchange-traded product (ETP) which will guarantee large investors exposure to BTC without the need to directly hold the asset. The news was published by WisdomTree on December 3. WisdomTree Embraces Bitcoin WisdomTree, one of the industry's largest...

Bitfinex Integrates Lightning Network Deposits and Withdrawals

December 3, 2019 by Edoardo Vecchio at Bitcoin

Major global crypto exchange Bitfinex has become the first exchange to integrate Bitcoin Lightning Network deposits and withdrawals. Bitfinex released the official news exclusively for its users on December 2 and subsequently, the information, was confirmed by Bitfinex CTO Paolo Ardoino via Twitter. Bitfinex Bring Lightning to the Mainstream By...

Payments App Skrill Introduces Cryptocurrency Trading for Bitcoin, Bitcoin Cash, Litecoin, and Ether

Skrill Payments Platform Unveils Crypto Swapping Service

December 2, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Skrill (formerly Moneybookers), a London-based centralized payments platform that claims to help users to facilitate cost-efficient money transfers across borders, has expanded its cryptocurrency trading service, integrating a new feature dubbed crypto-to-crypto, to allow its users to purchase the supported cryptoassets on its platform with bitcoin (BTC), reports EconoTimes on...

Man With a Mission: Jack Dorsey Wants to Bring Bitcoin Adoption to Africa

December 2, 2019 by Ashwath Balakrishnan at Bitcoin

For the last month, Twitter and Square CEO, Jack Dorsey, has been going around Africa to understand the state of the region, most likely from a financial services and payment perspective. According to Forbes, Dorsey met Bitcoin business owners at a meetup in Nigeria and subsequently tweeted that Africa will...

Bitcoin, Ether, and XRP Weekly Market Update December 2, 2019

December 2, 2019 by Georgi Hristov at Altcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, News, News Digest, Price Analysis, Price pages, Ripple, Stablecoins, Top Coins For The Week

The total crypto market cap added $20.2 billion of its value during the last seven days and now stands at $202.4 billion. The top 10 currencies are all in green for the same time frame with EOS (EOS) and Cardano (ADA) being the best performers with 13.7 and 10.5 percent...

Canada: Digital Asset Firm Files Prospectus for Bitcoin (BTC) Fund IPO

November 29, 2019 by Aisshwarya Tiwari at Bitcoin

In a press release issued on November 28, 2019, Canadian fund management firm 3iQ announced that it had filed and been receipted on its preliminary prospectus for The Bitcoin Fund. Bitcoin Fund IPO on the Cusp The governmental and regulatory acceptance of digital currencies seems to be witnessing a steady...

Poloniex Bitcoin Exchange Continues Expansion Push with DEX Acquisition

November 29, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Poloniex, a top cryptocurrency exchange established in 2014, has acquired TRXMarket, a decentralized exchange (DEX) powered by the TRON (TRX) distributed ledger technology (DLT) network. With the deal, TRXMarket will now come under the umbrella of Poloniex as PoloniDEX, reports BITTIMES on November 28, 2019. Poloniex Forges Ahead As part...

Europe: Banks May Hold and Sell Bitcoin Starting From 2020

November 29, 2019 by Edoardo Vecchio at Bitcoin

According to a new bill on the Fourth Money Laundering Directive drafted by the European Union (EU), banks could be authorized to offer digital assets services including storage for customers. Germany would likely be the first nation to adopt the proposal. According to a German news report published on November...

IDAX Crypto Exchange CEO Disappears Amidst Exit Scam Rumors

November 29, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

IDAX, an Asian crypto exchange whose users have been unable to make withdrawals since November 24, has announced that it’s CEO, who allegedly absconded with the exchange’s cold wallet is still nowhere to be found and as such, it is suspending all deposits and withdrawals indefinitely, according to a blog...

Fidelity Investments Set to Reward Employees in Cryptocurrency

November 28, 2019 by Aisshwarya Tiwari at Bitcoin

Wall Street titan Fidelity Investments is poised to reward its employees in cryptocurrencies, per a report by Finance Magnets, November 27, 2019. Making Crypto an Everyday Phenomenon One of the largest financial institutions in the world by reported assets under management (AuM) - Fidelity Investments – is reportedly rewarding its...

China Targets OTC Trading Channels as Crypto Clampdown Rages On

November 28, 2019 by Ashwath Balakrishnan at Bitcoin

The Chinese government is taking its regulatory hammering one step further by closing down unofficial Weibo channels that facilitate OTC trading between retail investors. According to Bloomberg, many Chinese investors held their money on exchanges such as Binance, OKEx, and Bitsoda and stand to potentially lose their holdings depending on...

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