Israeli Capital Markets Authority to Expedite Licenses for Fintech Firms
Aug20

Israeli Capital Markets Authority to Expedite Licenses for Fintech Firms

Israel’s Capital Market, Insurance and Savings Authority wants to expedite the licensing process for blockchain and other fintech firms, according to a report from Israeli business outlet Calcalist. The Authority reportedly hopes to facilitate greater competitiveness and innovation in the sector.

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Binance Announces Plans for ‘Venus’ Open Blockchain Project
Aug20

Binance Announces Plans for ‘Venus’ Open Blockchain Project

Cryptocurrency exchange Binance has announced plans to launch an open blockchain project called Venus to facilitate the development of “localized stablecoins” around the world. The exchange said that it hopes to partner with governments, tech companies, and other cryptocurrency businesses to help empower nations to create new currencies.

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Report: Mastercard is Building Cryptocurrency Team
Aug18

Report: Mastercard is Building Cryptocurrency Team

Credit card giant Mastercard is apparently building an in-house cryptocurrency team, according to a recent report from the New York Post. The company is actively recruiting job candidates who are familiar with cryptocurrency technology. The Post provided details of the job listing in its August 17 report:

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Korean Exchange CoinOne Announces Listing Criteria
Aug17

Korean Exchange CoinOne Announces Listing Criteria

South Korea-based cryptocurrency exchange CoinOne recently published a blog post revealing its criteria for new cryptocurrency projects seeking to get listed on the exchange. In that post, CoinOne identified nine specific criteria it uses to judge any project’s suitability for being listed as well as several criteria the company uses when considering a delisting.

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Report: Barclays Has Stopped Providing Banking Services to Coinbase
Aug14

Report: Barclays Has Stopped Providing Banking Services to Coinbase

British banking institution Barclays has stopped providing bank services to U.S.-based digital currency exchange Coinbase, according to Reuters, which cited “sources familiar with the matter.” Other recent reports suggest that Coinbase has secured a banking partnership with UK-based ClearBank.

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NZ Tax Authority Offers Guidelines for Workers Receiving Salaries in Cryptocurrency
Aug12

NZ Tax Authority Offers Guidelines for Workers Receiving Salaries in Cryptocurrency

New Zealand’s tax authority has published new guidelines permitting the use of cryptocurrency to pay worker salaries, effective September 1, 2019. The published guidelines emphasize that digital currencies are still not considered legal tender, and any salary or wage payments that utilize them must comply with the country’s tax laws.

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U.S. Department of Energy Awards Grant for Development of Blockchain-Based Energy Platform
Aug10

U.S. Department of Energy Awards Grant for Development of Blockchain-Based Energy Platform

The United States Department of Energy’s Office of Science is partnering with two universities, a software firm, and energy company ComEd to develop an “energy internet” using blockchain technology. The DOE has provided the four organizations with a grant of $1,05 million to fund the project, according to a ComEd press release published on Friday, August 9.

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Coinbase Custody Trust Co. Names Two Former NY Banking Regulators to Board of Directors
Aug08

Coinbase Custody Trust Co. Names Two Former NY Banking Regulators to Board of Directors

Coinbase Custody Trust Company has added two former New York banking regulators to its board of directors. In a blog post, dated August 7, the company confirmed that Robert Easton and Richard Neiman were selected for their solid experience in “financial services, public policy and banking operations.”

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Huobi Partners with GDF on Development of Cryptocurrency Industry Standards
Jul31

Huobi Partners with GDF on Development of Cryptocurrency Industry Standards

Huobi announced Wednesday that it is partnering with Global Digital Finance (GDF) to “develop best practices and standards within the digital asset community.” The move comes amid increased attention from policymakers around the globe, and continuing concerns about the industry’s lack of regulatory oversight.

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Blockchain Launches High-Speed Exchange
Jul30

Blockchain Launches High-Speed Exchange

Blockchain announced today that is has launched a new cryptocurrency exchange, The PIT, Reuters reports. According to the company, the new exchange relies on a matching engine called “Mercury” to provide trading at speeds faster than other exchanges in the industry today.

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U.S. Seeks Court Judgment Against BTC-e Exchange and Alexander Vinnik
Jul28

U.S. Seeks Court Judgment Against BTC-e Exchange and Alexander Vinnik

The United States filed a complaint this week against the BTC-e cryptocurrency exchange and its alleged operator Alexander Vinnik, seeking to recover civil monetary penalties assessed by the Financial Crimes Enforcement Network (FinCEN) in July 2017.

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Chinese Firm Announces Blockchain-Based Anti-Counterfeiting Tech for Premium Alcohol Products
Jul27

Chinese Firm Announces Blockchain-Based Anti-Counterfeiting Tech for Premium Alcohol Products

Chinese alcohol wholesaler Oranco announced Friday that its newly-developed blockchain-based anti-counterfeiting technology is now ready for testing. The technology was developed in partnership with blockchain tech solution firm Guangzhou Silicon Technology Co., Ltd.

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Newegg Now Accepts Bitcoin Payments in 73 Nations
Jul25

Newegg Now Accepts Bitcoin Payments in 73 Nations

California-based tech e-retailer Newegg announced on Wednesday that it will now accept Bitcoin as a payment option in 73 nations. According to the press release announcing the news, customers in “nearly all of the countries the company serves worldwide” can now use Bitcoin in Newegg’s online stores.

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Nearly Half of U.S. and UK Consumers Don’t Trust Facebook for Cryptocurrency
Jul22

Nearly Half of U.S. and UK Consumers Don’t Trust Facebook for Cryptocurrency

Since announcing its Project Libra cryptocurrency plans, Facebook has experienced a growing amount of resistance from policymakers around the globe. Recent data from messaging app Viber indicates that consumers may not be too excited about the prospect of a Facebook digital currency either, with 49% of respondents in the United States and UK reporting a lack of trust in the company’s planned cryptocurrency.

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Report: CFTC Has Been Investigating BitMEX Exchange for Months
Jul21

Report: CFTC Has Been Investigating BitMEX Exchange for Months

The United States Commodity Futures Trading Commission has been investigating the BitMEX cryptocurrency exchange for several months, Bloomberg reported Friday. According to the media outlet’s unnamed sources, the regulatory agency has been trying to determine whether the exchange violated rules that prevent Americans from trading on its platform:

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Japan Reportedly Pushing for SWIFT-Like Global Payment Network for Cryptocurrencies
Jul18

Japan Reportedly Pushing for SWIFT-Like Global Payment Network for Cryptocurrencies

Japanese officials reportedly want to develop an international payment system for digital currencies that would be similar to the global SWIFT network currently used by the world’s financial institutions, Reuters reported on Thursday.

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French Regulators are Closer to Approving First Group of Cryptocurrency Issuers
Jul17

French Regulators are Closer to Approving First Group of Cryptocurrency Issuers

French regulators are getting closer to approving the first group of cryptocurrency companies in accordance with new rules slated to go into effect in late July, Reuters reported on Tuesday. Those new rules will provide regulatory approval for digital asset companies that voluntarily comply with the country’s standards for consumer protections, capital requirements, and payment of French taxes.

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Senators Focus on Trust at Banking Committee Hearing on Facebook Libra
Jul16

Senators Focus on Trust at Banking Committee Hearing on Facebook Libra

Facebook executive David Marcus faced questioning from Senate lawmakers on Tuesday, during a Banking Committee hearing on the company’s Project Libra cryptocurrency. The hearing highlighted the skepticism many public officials have expressed about the company, its trustworthiness, and the potential risk Libra could pose to the world’s financial system.

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Winklevoss Twins: Other Tech Firms Likely to Launch Their Own Cryptocurrencies
Jul11

Winklevoss Twins: Other Tech Firms Likely to Launch Their Own Cryptocurrencies

In a Tuesday interview with CNBC, Cameron and Tyler Winklevoss predicted that Facebook won’t be the only technology giant to launch a cryptocurrency project. In fact, they believe that a number of major tech firms will be involved with their own cryptocurrencies soon. According to Tyler:

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Bloomberg: JPMorgan Likely to Begin Pilot Tests of JPM Coin by Year’s End
Jun25

Bloomberg: JPMorgan Likely to Begin Pilot Tests of JPM Coin by Year’s End

JPMorgan Chase digital treasury services and blockchain head Umar Farooq has reportedly told Bloomberg that the company’s JPM Coin digital currency will likely be pilot-tested with clients before the end of 2019. That prediction was made during an interview in which Farooq said that the company’s clients have expressed interest in the coin’s benefits for bond trading.

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