Coinbase announced this week that it is expanding its customer base by providing crypto-to-crypto services to an additional 11 countries from Latin America and Southeast Asia. In its blog announcement, the company noted that it will now serve customers in a total of 53 countries on four continents.
The International Monetary Fund and World Bank have launched their own ‘quasi-cryptocurrency’ called Learning Coin as part of a project designed to explore blockchain and crypto technology, the Financial Times reported this week. The agencies reportedly stressed that their coin is not an actual digital currency, since it has no monetary value and is only for internal use.
Cryptocurrency exchange Coinbase has launched Coinbase Card for its customers in the United Kingdom, according to a blog post on the company’s site on Wednesday. The new Visa card will enable those customers to use their Coinbase cryptocurrency balances to make payments in-store and online, just as they would with any other traditional debit card.
Chinese officials have formally proposed sweeping new rules that would end cryptocurrency mining in the country, the South China Morning Post reported on Tuesday. The proposal is part of a series of amendments to the National Development and Reform Commission’s guidance for adjusting the country’s industrial structure.
Belgium’s Financial Services and Markets Authority (FSMA) recently added another 7 websites to its list of suspicious cryptocurrency sites. The list now includes a total of 120 websites identified by the FSMA as potential scams designed to defraud investors.
Austrian energy provider Wien Energie has partnered with tech company Bosch to develop a blockchain refrigerator. In an announcement on the company’s website, the innovation was described as “a building block to turn households into active participants in the electricity market and to increase consumer interest in consumption and power generation.”
The U.S. Securities and Exchange Commission this week announced a delay in its decision on a proposed rule change that would allow Bitcoin exchange-traded funds to be listed. The decision means that the SEC now has until May 16 to approve or deny the change:
The Hong Kong Securities and Futures Commission (SFC) offered new guidance for security token offerings (STO) in an official statement published on its website March 28. The statement was issued to clarify legal and regulatory requirements and remind investors about risks associated with cryptocurrency and security token offerings.
The CoinBene cryptocurrency exchange announced in a tweet on Wednesday that its ongoing maintenance is a security upgrade to protect customers and partners. Today’s announcement came after some users had expressed suspicions that the exchange had suffered a hack. CoinBene apologized for its lack of clarity and explained its maintenance goals:transparency, Bloomberg reports.
In the wake of the recent Bitwise report alleging massive fake trade volume reporting at many cryptocurrency exchanges, crypto market data aggregator CoinMarketCap is reportedly taking steps to address the problem. The company has acknowledged the concerns and vowed to add additional information to its listed metrics to provide investors with even greater transparency, Bloomberg reports.
In a blog post published today, peer-to-peer digital currency trading firm LocalBitcoins announced that it will soon be subject to regulation by Finland’s Financial Supervisory Authority. The company confirmed that it is working to ensure that its services will be in full compliance with Finnish regulations.
Shipping titan UPS announced this week that it is collaborating with e-commerce firm Inxeption on a blockchain-based e-commerce platform for business-to-business sales. According to a press release announcing the news, the collaborative alliance is designed to hasten business e-commerce adoption and facilitate merchants’ entry into the digital age.
California-based Silvergate Bank this week updated its filing with the U.S. Securities and Exchange Commission, revealing continued growth in its cryptocurrency-related services. According to the updated data, the bank now provides services to more than 500 crypto-related firms, even as major banks around the world continue to deny banking services to companies in the industry.
Missoula County, Montana commissioners have instructed their staff to begin work on interim zoning rules that would regulate power usage for companies like cryptocurrency miners, The Missoulian reported today. The move comes in the wake of two previous discussions about energy usage at the Bonner HyperBlock center.
Cboe has confirmed that it will not be adding additional bitcoin futures contracts in March, though the company suggested that it is not completely ruling out future crypto derivatives. Cboe Global Markets was the first to roll out bitcoin futures in December 2017, at the height of the cryptocurrency boom.
Latin America’s largest e-commerce giant Mercado Libre will end more than 20,000 crypto ads from March 19 after banning cryptocurrency on its platform, according to a report from the daily hodl.
Coinbase announced this week that it will be updating Coinbase Pro’s market structure on Friday, March 22. In a blog post announcing the news, the company said that the changes are intended to enhance the platform’s market health by focusing on increased liquidity, improved price discovery, and smoother price movements.
Canadian officials are looking to modify their securities regulations to include cryptocurrency exchanges and reduce risk to consumers, Bloomberg reported this week. According to reports, the officials are asking for feedback to help them create a ‘tailored framework’ for oversight of the industry:
The U.S. Securities and Exchange Commission will hold its second Fintech Forum on May 31, at the agency’s Washington, DC headquarters. The public forum will be focused on blockchain technology and digital assets, according to an SEC press release announcing the event.
Coinbase has added support for Stellar Lumens (XLM) on Coinbase Pro, as it continues its previously announced plans to support more digital assets on its platforms. Coinbase Pro customers can now trade XLM in all of the company’s supported jurisdictions except the state of New York.