According to a report by The Block published on January 24, 2020, five lawmakers from the U.S. state of Hawaii have introduced a bill that seeks to enable commercial banks to provide custody for cryptocurrencies. Hawaii Could Witness Crypto Boom In a fresh pro-crypto regulation movement in the U.S., Hawaii has introduced a bill that
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Two suspects allegedly responsible for the theft of Bitcoin (BTC) worth $700,000 from a company’s account have been arrested by the Tokyo Police Department. Reports are claiming that one of the suspects intended to bankrupt the company as he had become dissatisfied with management policy. Suspects Arrested in Connection with Bitcoin Theft Case According to
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VeChainThor (VET) a distributed ledger technology (DLT) project that claims to be focused on connecting blockchain technology with the real world, through a robust governance model and IoT integration, has been chosen as the network of choice by Singapore’s Reebonz luxury goods platform. Ribbons will use the VeChainThor network to carry out product authentication and
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TRON (TRX), the blockchain network powering the 12th-largest cryptocurrency in the world by market capitalization, is now the second most used DLT protocol for the development of decentralized applications (dApp), after Vitalik Buterin’s Ethereum, according to the Dapp.com 2019 Annual dApp Market Report. TRON (TRX) Surpasses EOS, Others Despite the numerous controversies that have plagued
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On January 23, 2020, Winklevoss twins-backed digital currency platform BlockFi announced that it had revised its rate of interest paid on the yield it generates from lending Bitcoin (BTC) and Ether (ETH). The new rates will be effective from February 1, 2020. Reacting to Market Economics BlockFi, one of the leading cryptocurrency startups which has
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Miller Thomson LLP, lawyers representing users of the now-defunct Canadian cryptocurrency exchange, QuadrigaCX, are investigating Crypto Capital’s connection with the former Canadian exchange. According to the lawyers, Crypto Capital could be holding any funds belonging to QuadrigaCX. A ‘Ray of Hope’ for QuadrigaCX Victims? In a recent letter published on its website to QuadrigaCX victims,
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Julius Bär, the third-largest private bank in Switzerland is expanding its digital assets product offerings to its Swiss-based customers in a bid to meet their increasing demand. Also, the financial institution is collaborating with Swiss-based FINMA-licensed cryptocurrency bank, Seba Crypto AG (SEBA) to offer clients crypto custodial and trading services, reports Finance Magnates on January
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Euro Pacific Capital CEO, American stockbroker and unwavering bitcoin critic, Peter Schiff, has come out again to bash the number one cryptocurrency, bitcoin. After admitting to making a mistake regarding his bitcoin wallet, the goldbug still believes that the pioneer digital coin has no store of value and current BTC hodlers will suffer huge losses.
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Amun AG, a Swiss-based financial technology firm that creates financial on-ramps for the acquisition, trading and storage of cryptoassets, has announced the launch of its 21Shares Short Bitcoin exchange-traded product (ETP). The new ETP is listed on Switzerland’s SIX Stock Exchange and it allows bitcoin (BTC) traders to make a profit whenever the price of
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Since 2019, the cryptocurrency movement, that seeks to reproduce classic financial services through blockchain technology has undergone enormous growth. In particular, one of the most fluorescent markets was that of crypto-backed loans, an alternative way of obtaining liquidity without having to sell crypto assets. Crypto Credit Market Coming of Age Although it is an industry
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