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Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million
8.5.2020
Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. The increase is thanks “to growth in the number of active bitcoin customers, as well...
Chinese Court Declares Ethereum Legal Property With Economic Value
28.4.2020
A district court in China has reportedly ruled that Ethereum’s cryptocurrency is legal property with economic value. This ruling follows a couple of other verdicts on the legality of cryptocurrency, including bitcoin, by various Chinese courts. While cryptocurrency is not legal tender...
The Greatest Wealth Transfer: Economists Predict the Emergence of New Bitcoin Millionaires, BTC Capturing 3% of Gold Market
27.4.2020
The global economy has been feeling the hardships from the mandated lockdowns various nation states have implemented during the last month and a half. Oil prices have dropped below zero for the first time in history, and economic powerhouses like the U.S. are starting to show cracks in the system....
Kraken Predicts Wealth Transfer will Cause BTC Rise to $350K by 2045
26.3.2020
The price of Bitcoin could increase to $350,000 in the coming decades if younger generations invest 5% of their inheritance in crypto
Coin Metrics Report Shows Stablecoin Transfer Value Hit $444 Million
25.3.2020
Stablecoins like Circle’s USD Coin saw an all-time high market cap as the rest of the cryptocurrency market experienced a major downturn
Silvergate Bank Resolves Wire Transfer Issue That Kept Transactions in Limbo
24.3.2020
Crypto-friendly Silvergate Bank resolved the last of its wire transfer issues Tuesday morning, said CEO Alan Lane
Silvergate Bank Clients Experience Money Transfer Issues from Fedwire
23.3.2020
Cryptocurrency-friendly Silvergate Bank has had problems with clients being unable to transfer funds to the platform since Friday
Tokyo Police Arrest 2 Men for Buying Cryptocurrency Tied to $530M Coincheck Hack
11.3.2020
Tokyo police arrested two individuals on Wednesday for acquiring stolen NEM from the 2018 Coincheck hack. On Jan. 26, 2018, the Japanese trading platform Coincheck noticed an “illicit transfer” of 523,000,000 NEM and it was the largest cryptocurrency exchange hack since Mt Gox....
HODL Waves Chart Reveals Bitcoin Holders’ Firm Grip – 42% Hasn’t Moved in 2 Years
5.3.2020
According to a report written by Coin Metrics analyst Jacob Franek, as of March 1, 2020, roughly 42% of all BTC has not moved onchain in more than two years. The metric is the largest number since June 2017 and the study notes that “HODL waves” have grown larger. Also Read: Get Ready...
Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls
27.2.2020
Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government...
BitGo Acquires Harbor in Surprise Expansion Beyond Crypto Custody
18.2.2020
Digital asset custodian BitGo is building a “full stack” security token services provider by acquiring tokenization platform Harbor, including its broker-dealer and transfer agent
Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies
14.2.2020
In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital...
Blockstack's Proof of Transfer Would Have Miners Pay BTC to Mint Stacks
12.2.2020
Blockstack’s new consensus algorithm uses BTC as the resource to be expended
Ethereum’s Value Transfer Is Now Dominated by Stablecoins
31.1.2020
The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is...
Stablecoins ‘Flip’ Ethereum’s Native Currency In Transfer Value
30.1.2020
A greater share of value is being transferred via stablecoins over the Ethereum network than its own native cryptocurrency
Transfer Agent Vertalo Chooses Tezos Over Ethereum for Security Token Development
27.1.2020
The digital security issuer says it chose Tezos because it is faster than ethereum, ideal for security tokens and is proof-of-stake
German Fintechs Rush to Offer Crypto Custody Services Under New Law
13.12.2019
Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will...
TokenSoft Scores SEC Transfer Agent Registration to Build ‘Automated Investment Bank’
12.12.2019
Crypto startup TokenSoft has obtained a key regulatory seal of approval as it seeks to build an investment bank for the age of tokenization
NY Regulator Licenses Fidelity for Bitcoin Trading and Custody
20.11.2019
Fidelity Investment’s digital currency arm has been licensed by the New York Department of Financial Services to operate a platform on which individuals and institutional investors can store, purchase, sell, and transfer bitcoin. The regulator also revealed that it has to date approved...
Harbor Now Has Both Broker-Dealer and Transfer Agent Licenses in the US
1.11.2019
Security token startup Harbor has been granted a transfer agent license by the SEC, a month after getting the green light from the CFTC