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Crypto Lending Startup BlockFi Raises USD 30M, Plans Singapore Office
13.2.2020
Zac Prince, co-founder of BlockFi. Source: a video screenshot, Youtube, Bitcoin Archives
Following the millions raised in the series A funding, major U.S.-based cryptocurrency lending startup BlockFi sees almost 64% more in funding just six months later. Also, they're about to open a Singapore...
SBI Crypto Subsidiary Partners With Northern Data on Mining Project
13.2.2020
SBI Holdings’s subsidiary SBI Crypto is partnering with German tech company Northern Data AG and Texas-based data centers operator Whinstone US Inc
Treasury Secretary Mnuchin Gives Testimony on Cryptocurrency, New Regulations Rolling Out Soon
13.2.2020
U.S. Treasury Secretary Steven Mnuchin gave his testimony on cryptocurrency before the Senate Finance Committee on Wednesday. Mnuchin said crypto is a “crucial area” that the Treasury has spent a lot of time on. He also talked about stablecoins and announced that new crypto regulations...
Crypto Exchange Model Disruptor FCoin Reports 'Severe' Damages, Data Loss
13.2.2020
Source: iStock/traffic_analyzer
Something is happening over at FCoin, a Chinese crypto exchange, and it resulted in the mysterious case of missing data. Meanwhile, the exchange opened a withdrawal process.
FCoin was founded by the former CEO of Huobi exchange, Zhang Jian. It's said to be...
Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks
13.2.2020
Banking giant Wells Fargo is backing blockchain forensics firm Elliptic
IRS Says No Taxes on Gaming Cash, Crypto Regulation Remains Hazy
13.2.2020
U.S. taxpayers have been freed from tax obligations on gaming transactions carried out with virtual cash, according to recent language modifications to the Internal Revenue Service (IRS) webpage. However, confusion still remains in the IRS tax regulations for real cryptocurrencies.
The website...
Top Soccer Club FC Barcelona Launching Crypto Token for Fan Engagement
13.2.2020
The record-breaking soccer club teamed with blockchain firm Chiliz to launch the crypto token seeking greater engagement with fans
FC Barcelona Dives Into Crypto, Partnering With Chiliz to Create Token
13.2.2020
Chiliz builds BAR fan token for FC Barcelona on its Ethereum-based blockchain
Coinbase Margin Trading Now Live for Coinbase Pro Users
13.2.2020
Coinbase has launched margin trading for users of its cryptocurrency trading platform, Coinbase Pro. Both individual and institutional investors in selected regions now have access to Coinbase margin trading. The company plans to expand access to more regions and provide more types of collateral...
IRS Refused to Clarify That Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says
13.2.2020
The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said
Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles
13.2.2020
A growing number of platforms allow Russian residents to purchase cryptocurrencies with local fiat money. Established cryptocurrency exchanges are not the most trouble-free option, however, as they often require extensive registration and rarely support popular payment methods in the region, unlike...
A New Partnership Lets Institutional Investors Play OTC Crypto Markets
12.2.2020
SFOX’s institutional investor clients can access the OTC crypto market with a single point of access
Crypto Market Cap Hits $300 Billion But Bitcoin Dominance Down 6% YTD
12.2.2020
The crypto market cap reaches a new milestone at $300 billion but will traders be able to hold $10.3K?
US Financial Crimes Watchdog Preparing ‘Significant’ Crypto Rules, Warns Treasury Secretary Mnuchin
12.2.2020
U.S. Treasury Secretary Steven Mnuchin said FinCEN is preparing "significant new requirements" around cryptocurrencies to tamp down illicit activity
Puppets, Pundits and Partnerships: Why Crypto Sentiment and Prices Are Soaring
12.2.2020
With blockchain puppets (we really mean it) on TV, CNBC pushing the bitcoin-as-gold narrative and The Guardian seeing connections between coronavirus and bitcoin's recent rally, we've got a lot to talk about on today's episode of The Breakdown
Coinbase Revives Margin Trading, With Conservative (for Crypto) 3x Leverage
12.2.2020
Coinbase is rolling out margin trading retail and institutional investors in the U.S. and nine other countries, offering a light 3x leverage to traders
Here’s What Crypto-Related Lawsuits Can Teach Us
12.2.2020
There’s a number of different ways one can get in trouble offering, selling or promoting unregistered and non-exempt tokens or coins, says Barrington Dyer, tech attorney and shareholder at Polsinelly law firm. But the past litigations can teach us a lesson on the blockchain law in the U.S.
When...
Retail Investors Aren’t Interested in Crypto Derivatives, Says eToro Executive
12.2.2020
eToro isn't too worried about a potential U.K. ban on crypto derivatives
Circle Sells Retail Trading App to Crypto Broker Voyager
12.2.2020
Voyager plans to convert 40,000 Circle Invest accounts to its own platform by the end of next month, but promises little disruption to customer experience
Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger
12.2.2020
In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is...