Month: October 2019

Malta-based cryptocurrency exchange Binance is opening an office in Beijing, two sources with knowledge of the matter told CoinDesk. The new outpost will join Binance’s current mainland China office in Shanghai. It’s not clear what exactly the office will do or when it will open, but the move follows a slew of announcements from Chinese authorities,
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Digital asset custodian Koine Money Ltd. has secured an electronic money license from U.K. regulators, while it prepares for the eventualities of a future Brexit by seeking permissions abroad. On Thursday, the U.K’s Financial Conduct Authority granted Koine an e-money license – known as an EMI license – allowing Koine to issue its own digital
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U.S. regulators filed charges against XBT Corp. Thursday, alleging the company failed to register as a futures commission merchant (FCM). In simultaneous press releases, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) alleged that XBT, otherwise known as First Global Credit, sold security-based swaps for bitcoin without registering on a
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Crypto startup Knabu is piloting bank regulatory reporting with Factom, one of the earliest enterprise blockchain companies. Revealed exclusively to CoinDesk, the London-based firm is launching the 30-day pilot today. Knabu is best known as a payments company with a smart-deposit product meant to help companies mitigate the risks of self-custodying assets on a blockchain.
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Bitcoin critics say that the cryptocurrency should never be regarded as a means of exchange because it’s mostly used for speculation. Fundstrat’s Thomas Lee disagrees with this statement, saying that most of the US dollars are used for speculation as well. Almost 99% USD Activity is Speculation Venture capital firm Castle Island Venture recently interviewed
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Recently, Canada’s central bank has been leading working groups with global partners exploring a blockchain future. Their crypto presence has soared with Ernst & Young’s announcement that it is using Toronto to test its public government expenditure blockchain. But what is the cryptocurrency landscape currently like in Canada?  The history of crypto in Canada may
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Brave browser, a privacy promoting browser, and blockchain-based encyclopedia Everipedia have announced a marketing collaboration agreement whereby both brands will market the other to their respective communities. Brave will create advertisement banners for Everipedia on their community page and articles on Brave and their vision will be highlighted on Everipedia, October 31, 2019. Vision and
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Longtime bitcoin advocate Bruce Fenton has created a new broker-dealer for digital asset firms and financial advisors called Watchdog Capital. The firm is registered with the U.S. Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority, public filings show. It’s a subsidiary of digital securities firm Chainstone Labs, also led by
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China’s recent multi-front embrace of blockchain technology has divided the global cryptocurrency community. While some see it as helpful validation, others worry that crypto is diverging further from its anti-authoritarian roots. Authorities in China have long discouraged investment in grassroots cryptocurrencies like bitcoin. But the world’s most populous country is making significant progress with plans
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Bitcoin price (BTC) was drifting towards $9,000 on Oct. 30 as the momentum behind its recent bull run appeared to wane.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin ranges prior to moving average crossover Data from Coin360 showed BTC/USD down around 3.2% on Wednesday, having spent the previous day circling $9,500.  Those levels ultimately saw
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Investment strategist William Peets has pointed to a widespread underestimation of the deflationary impact of cryptocurrencies such as Bitcoin and blockchain for global finance. Peets is currently CIO and portfolio manager for digital asset strategies at Passport Capital.  In an Oct. 30 interview with Real Vision Finance, he said that blockchain represents a generational change
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Chinese President Xi Jinping’s announcement that the country would invest heavily in blockchain technology – coupled with a sweeping move to remove online posts suggesting such technology is a scam – has nourished optimism long-held by crypto advocates. Of course, the reality is that China’s marked shift towards pro-blockchain policies is part of a much
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Still in its infancy, the cryptocurrency market currently only offers a fraction of the trading and investment products available in traditional financial markets. Over the past few years, however, the crypto space has continued to develop with products around Bitcoin (BTC) and other crypto assets, such as BitMEX futures and Deribit options.  Mainstream financial entities
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