Fundstrat Global Advisors co-founder Tom Lee believes that recent interest rate cuts in the United States by the Federal Reserve are a boon for Bitcoin (BTC). Lee remarked on how the rate cuts positively impact Bitcoin investment in an interview with Fox Business on July...
Month: July 2019
US Security Token Platform Adds New Policies to Comply with FinCEN
Security tokens platform TokenSoft has officially added Know Your Business (KYB) services following a successful alpha test in 2018. The San Francisco-based token issuance platform said in a press release on July 31 that the KYB feature was added in order to enhance customer due...
Judge Dismisses Libel Suit Against Roger Ver Over Lack of Jurisdiction
A Justice of the High Court of England and Wales has dismissed a libel lawsuit against Bitcoin Cash (BCH) proponent and Bitcoin.com CEO Roger Ver. Justice Matthew Nicklin of the Queen’s Bench Division threw out the case earlier this week, according to a decision published...
First Physical Bitcoin Future Hits U.S. Market as Institutional Bakkt Hype Swells | NewsBTC
Although the crypto industry has been closely watching to see when the highly anticipated physically settled Bitcoin (BTC) futures platform Bakkt officially launches, they have now been beaten by their competitor – LedgerX – who officially launched today.The platform is open to all US-based investors...
Bittrex Launches Crypto Platform for Middle East Following New Partnership
Bittrex cryptocurrency exchange is partnering with Bahrain-based crypto exchange and custodian provider Rain Management WLL to launch a digital asset trading platform for customers in the Middle East and North Africa (MENA). The new platform will purportedly combine Rain’s staff and expertise in the MENA...
US Senate Crypto Hearing Key Takeaways: Blockchain Is ‘Inevitable’
On July 30, the United States Committee on Banking, Housing and Urban Affairs hosted a hearing on cryptocurrencies in a regulatory context. Lawmakers are showing renewed interest in digital currencies against the backdrop of Facebook’s crypto odyssey: This week’s testimony followed two Libra-focused hearings, which...
What the Next 4 Years of Ethereum Look Like – CoinDesk
Yesterday, ethereum celebrated its fourth birthday. Four years ago, on July 30, 2015, the world’s first general-purpose blockchain platform went live. Called ethereum, the platform was the first of its kind to feature a Turing-complete virtual machine and native programming language able to deploy code...
UK Regulators: Beware of Crypto Assets, They Lack “Intrinsic Value” | NewsBTC
The United Kingdom’s Financial Conduct Authority (FCA) has warned the public that is should beware of investing in crypto assets. The regulator states that digital currencies like Bitcoin and Ethereum have no intrinsic value and therefore offer a high level of risk.The comments come as...
Dubai to Launch KYC-Focused Blockchain Consortium for Businesses in 2020
A new partnership between the Dubai International Financial Centre (DIFC), Mashreq Bank, and fintech firm Norbloc aims to launch a blockchain-based Know Your Customer (KYC) data-sharing consortium in 2020. The official United Arab Emirates news agency, Emirates News Agency, reported on the new development on...
Marijuana-Focused Stablecoin Issuer Added to Arizona Fintech Sandbox – CoinDesk
A stablecoin project for the marijuana industry has joined an Arizona fintech sandbox. According to Arizona’s Attorney Generals Office, startup Alta was accepted into the office’s fintech program. The seventh startup to join to date, Alta is looking to address the banking needs of a...