News about Bitcoin, ICO, Blockchain Technology, investment, mining
Alibaba’s Ant Financial Sets Sights On Alipay Grabbing 1 Of 5 Singapore Digital Banking Licenses
The world of blockchain technology is no longer restricted to what cryptocurrency can offer, as it has expanded across the financial industry for payment processors and digital banks, like Ant Financial. Seeking a banking license now in Singapore, the company may be up against some competition.
South Korea plans to invest over $380M for blockchain research and development
South Korea’s ministry of science and technology has plans to invest 450 billion won (~$382 million) for blockchain research and development.
Tezos partners with Singapore government-supported firm for ‘training program
Tezos Southeast Asia (TSA) has announced its partnership with Tribe, Singapore’s first government-supported platform for driving blockchain growth, at the Singapore Fintech Festival 2019. According to the announcement, the partnership will facilitate the launch of a ‘training program’ where Tribe will act as a strategic partner to the TSA, aiding them in the development of their blockchain ecosystem in Southeast Asia.
Chainalysis lays off 20% of its employees to focus on 'path to profitability'
Blockchain analytics firm Chainalysis cut its workforce by 20% Thursday, laying off 39 employees, per a CoinDesk report.
Coinbase Custody expands Tezos staking service to all global clients
Coinbase Custody, the cryptocurrency exchange’s storage unit, has expanded its Tezos (XTZ) staking service to all global clients.
US Think Tank Releases Report on Investigation Into Illicit Transactions on the Dark Web
United States think tank The Rand Corporation has taken a closer look at the dark web, where criminal activities are difficult to discover, monitor, and investigate for law enforcement.
New bipartisan bill would classify 'managed stablecoins' as securities
Facebook’s Libra, along with many other stablecoins, could be classified as securities and subject to increased regulatory scrutiny if a group of lawmakers get their way.
Yahoo Finance Integrates Cryptocurrency in Partnership with CoinMarketCap
Yahoo Finance is partnering with CoinMarketCap to provide cryptocurrency information and news to the broader market. With over 3.5 billion monthly visitors this may greatly increase the visibility of Bitcoin and other alternative cryptocurrencies.
Maker of Wasabi Bitcoin Wallet Valued at $7.5M in First Equity Round
The privacy-centric bitcoin wallet Wasabi, launched by zkSNACKs Ltd. in 2018, just raised its first equity investment from Cypherpunk Holdings, a publicly-traded Canadian firm. Cypherpunk Holdings CEO Dominic Frisby said the firm invested $337,500 in exchange for a 4.5 percent stake, valuing the wallet startup at $7.5 million.
Sacramento Kings CTO: Fans Quit Spending Bitcoin When the Price Hiked
The Sacramento Kings — who spearheaded Bitcoin (BTC) payments for fan merchandise back in 2014 — have revealed some of the quirks in their history of cryptocurrency engagement.
Charles Schwab said to be in talks to buy crypto-friendly discount broker TD Ameritrade
Charles Schwab, the biggest investment brokerage firm in the U.S. with over $3 trillion in assets under management, is reportedly in discussions to buy rival TD Ameritrade.
Binance’s CZ hints at Binance Australia as expansion spree continues
Malta-based cryptocurrency exchange Binance is at the head of an array of developments in its ecosystem. Despite several upgrades to the platform itself, however, the Changpeng Zhao-led exchange is keen on global expansion too. Speaking to a news portal, CZ, CEO of the world’s largest cryptocurrency exchange by market volume, revealed that the platform is yearning to roll out a division of the exchange in Australia.
Bitcoin ATMs increase across Eastlondonlines boroughs
Residents of East and South London looking to trade Bitcoin no longer need to fear scams, as a growing network of Bitcoin ATMs promise to simplify the trading process.
Bitcoin Lottery Platform Partners with English Premier League Team, the Wolverhampton Wanderers
Crypto Millions Lotto, a platform that claims to be the world’s largest bitcoin-powered lottery, has signed a partnership deal with Wolverhampton Wanderers (Wolves), a top English Premier League (EPL) football club, according to a press release on November 19, 2019.
Monex Subsidiary Trade Station Launches New Crypto Brokerage
United States-based Trade Station — a subsidiary of Coincheck owner Monex Group — is launching a cryptocurrency brokerage platform via a newly-launched offshoot called Trade Station Crypto.
CryptoCompare Announces Updated Exchange Benchmark: US Venues Score Highest
Leading cryptoasset data provider CryptoCompare has announced an upgrade to its cryptocurrency Exchange benchmark tool.
Bitcoin Mining Company Canaan Raises $90 Million in U.S. IPO
Canaan Inc., a maker of Bitcoin mining machines, raised $90 million after pricing its U.S. initial public offering at the bottom of its marketed range.
Polymath Moves Security Token Platform Off Ethereum and Onto Parity’s Substrate
The security token issuer has migrated its Polymesh blockchain onto Substrate, the platform developed by ethereum co-founder Gavin Wood’s Parity Technologies. Polymesh becomes one of the first blockchains to make the jump. Polymath first announced plans to find another blockchain platform in May.
Paraguay planning major cryptocurrency legislation overhaul
One of the world’s top crypto law firms, Gresham International, announced this week that it submitted a proposal to begin working with the government of Paraguay on a raft of new cryptocurrency legislation.
Major South African Bank Closes Crypto Exchange Bank Accounts
FNB, one of the ‘big five’ South African bank is closing down accounts operated by crypto exchanges in the country. The bank, however, says the emergence of clear-cut cryptocurrency regulations in South Africa may trigger a reversal of the policy.
Blockchain analytics firm Elliptic finds over $400M worth of XRP tied to illegal activities
There are over $400 million worth of illicit activities conducted via XRP, and a large portion of these activities are scams and Ponzi schemes, Elliptic, a blockchain analytics startup, found in its research.
ShapeShift drops trade fees to promote self-custody for the 'normal crypto user'
Crypto exchange ShapeShift is rolling out zero-fees in the hope that it will chip away at the dominance of custodial exchanges like Coinbase and Kraken, the firm announced Wednesday.
Top-Tier Crypto Exchanges Account for One-Third of Global Trading Volume, CryptoCompare Finds
Top tier cryptocurrency exchanges only account for one-third of global spot trading volumes, according to the updated Exchange Benchmark from leading cryptoasset data provider CryptoCompare.
PundiX (PXS) Blockchain Project Inks Deal with the Government of Cyprus
PundiX (PXS), a distributed ledger technology (DLT) platform that claims to be dedicated to transforming retail businesses with its blockchain-based point of sale solutions, and Borghese Ventures, a Cyprus-based artificial intelligence (AI), are partnering with the government of Cyprus, for the integration of DLT and AI into several sectors of the nation’s economy, reports Enterprisetimes on November 19, 2019.
Online Gaming Platform Lets Gamers Collect BTC In First-Person Shooter Game
Donnerlab, an online gaming platform that builds lightning games and applications, lets gamers hunt for Bitcoin (BTC) and pick-up “Satoshi cubes.”
FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What
The U.S. Financial Crimes Enforcement Network (FinCEN) views all stablecoins as falling under their remit to protect “money transmission services, Director Kenneth Blanco said.
RippleNet member NIUM partners with Brazilian foreign exchange to facilitate remittances
RippleNet partner NIUM, formerly called InstaReM, has announced a partnership with Frente Corretora de Câmbio, a leading foreign exchange broker in Brazil. Under this partnership, NIUM will be aiding the foreign exchange’s cross-border payments. This could mean that Ripple’s intention of opening a payment corridor in Brazil could soon be a reality.
Bitcoin Bull Michael Novogratz Donates $36 Million to Criminal Justice Reform
Galaxy Gives was recently acknowledged in an article by Inside Philanthropy, wherein Novogratz spoke of a “broken criminal justice system” in the United States and the many Americans tangled up in it.
Bitcoin Can Be Stopped by Governments Simply, Crypto Expert Says, Here’s Why
Bitcoin was designed as a decentralized alternative to the current financial system offered by banks and governments. The recent examples of this system on the march are the Tron CEO Justin Sun and a venture capitalist Roelof Botha getting their accounts frozen by the Bank of America.
CryptoCompare updates its exchange rankings; Binance drops out of the top 10
Cryptocurrency data provider CryptoCompare has revised its exchange rankings and the world’s largest crypto exchange by traded volumes, Binance, is not on the list of top 10.
CZ: An Increasing Number of Institutional Investors are Willing to Hold Cryptocurrencies
Binance cryptocurrency exchange CEO, Changpeng Zhao – commonly known as “CZ” in the cryptospace – believes that a large number of institutional investors are willing to enter the digital currency industry despite the regulatory uncertainty surrounding it. Zhao made this statement in an interview with Bloomberg last week.
No, Royal Bank of Canada Isn’t Opening a Crypto Exchange
The Royal Bank of Canada (RBC) is not currently planning to build or launch a cryptocurrency exchange, CoinDesk has confirmed.
Stepan Gershuni: Bitcoin is the first and the only decentralised finance
David Shengart: TON and Libra are Next Big Thing
ShapeShift’s Erik Voorhees Sees Bitcoin at $20,000 Year End, 2020 “Next Bubble Cycle”, Ledger Support “This Year”
10 Blockchain Entrepreneurs from CIS to Follow
Mobile and crypto: A match made in heaven?
What The Emergence Of Blockchain 5.0 Means For Business Managers And Entrepreneurs