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Fidelity Digital to Accept Bitcoin as Collateral for Cash Loans
10.12.2020
Fidelity Digital says it will allow institutional customers to pledge bitcoin as collateral against cash loans in partnership with Blockfi. The firm’s decision helps bitcoin investors turn their digital holdings into cash without selling. Fidelity’s targeted clients include hedge funds...
Politicians, Industry, Crypto Fans Unite to Reject Treasury Wallet Plans
10.12.2020
Resistance to a new bill rumored to be in the pipelines at the American Treasury Department is growing amid fears that the measure is “potentially being jammed through without congressional review, and without meaningful industry engagement.”
Many in the crypto industry – including Coinbase...
Belgian Regulator Warns of Crypto Scammers That Target Male Tinder Users With Fake ICOs
10.12.2020
The Belgian regulator, the Financial Services and Markets Authority (FSMA), says scammers are employing new techniques which target Tinder and Facebook users. Using what the FSMA terms an “emotional scam,” criminals are targeting male users of the dating app Tinder with promises...
Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 Million
10.12.2020
BIGG Digital Assets, a Canadian crypto company, revealed this week that it bought 40 additional bitcoins for long-term treasury holding. The purchase increased BIGG’s reserves to 189.5 bitcoins valued at US$3.63 million in total. The Canadian Securities Exchange-listed firm spent about CAD$1...
Paxos seeks approval to become fully-regulated crypto bank
10.12.2020
The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels
Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next Year
10.12.2020
SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year. According to a Dec. 9 press statement, the British bank is partnering with U.S. wealth and asset management firm Northern Trust for...
Korea Exchange to Scrutinize Crypto-related Stocks, Foul Play Suspected
10.12.2020
South Korea’s securities exchange operator Korea Exchange (KRX) will step up its monitoring of crypto-related stocks after a volatile few weeks for listed companies with links to the crypto industry.
Although no South Korean crypto exchange has yet gone public, a number of firms with crypto...
Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis, US Sanctions
10.12.2020
More cryptocurrency solutions keep appearing on the scene for Venezuelan residents as U.S. sanctions weigh on Nicolás Maduro’s government, including heavy restrictions on the circulation of foreign exchange transactions, driving people to find on crypto a way to circumvent such hurdles...
US Lawmakers Tell Mnuchin to Back Off From Potential Crypto Wallet Regs
10.12.2020
Reps. Warren Davidson, Tom Emmer, Ted Budd and Scott Perry urged Steven Mnuchin to rethink his rumored self-hosted wallet regulations in an open letter Wednesday which warned such rules might "crush a nascent industry."
Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter
9.12.2020
Stablecoin issuer and crypto services firm Paxos has filed to become a federally-regulated bank in the U.S. According to a public document released Wednesday and dated Dec. 8, Paxos is seeking to create the Paxos National Trust, filing an application with the Office of the Comptroller of...
Bitwise's crypto index fund now trading through US brokerage accounts
9.12.2020
The news follows Bitwise withdrawing its SEC application for a Bitcoin Exchange-Traded Fund earlier this year
Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme
9.12.2020
Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida
Everything Your Mom Needs to Know About Crypto...But Was Afraid to Ask
9.12.2020
A speaker at the Paris Blockchain Week Summit, which kicked off online today, thinks that crypto is not too complicated for your mother – or your father, for that matter. And even your grandmother could get to grips with bitcoin (BTC), blockchain and the rest, so long as she is able to get to grips...
BitPay files with OCC to become national crypto-native trust bank
9.12.2020
Another crypto player has taken steps to go mainstream, but a lot of work still remains ahead
‘Absolutely Inevitable’: Standard Chartered Bank CEO Sees Widespread Cryptocurrency Adoption
9.12.2020
Standard Chartered Bank CEO Bill Winters sees the adoption of digital currencies as “absolutely inevitable.” He says there is a role for both private digital currencies and state-backed ones. His bank subsequently announces that it is launching a crypto custody service, supporting...
Crypto Asset Manager NYDIG Hires Tech-Savvy Banker to Pitch Its Wares to Institutions
9.12.2020
Former Quontic Bank executive Patrick Sells will be responsible for developing NYDIG’s white-labeled crypto services for banks
France Declares War on Crypto Anonymity, Cites ‘Terrorism’ in KYC Mandate
9.12.2020
The French finance ministry is imposing sweeping KYC rules on all VASPs in the country
The Most Important Trends and People Shaping Crypto 2020, With Ryan Selkis
9.12.2020
The Messari CEO goes over the highlights of his just-released annual “Crypto Theses” report
Vitalik Buterin expects lots of ways to exchange CBDCs for crypto
9.12.2020
Ethereum co-founder believes that CBDCs are good for macroeconomics, but there are also certain challenges
Citigroup Downgrades Microstrategy to ‘Sell’ Rating Over ‘Aggressive’ Bitcoin Purchases
9.12.2020
Citigroup has downgraded the Nasdaq-listed, pro-bitcoin Microstrategy to a “sell” rating after the company announced that it would offer $400 million convertible senior notes to buy more bitcoin. Microstrategy currently holds about 40,824 bitcoins. Citi Analyst Uncomfortable With...