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Fintech Startups are Overtaking Banks, Will Crypto Emerge as the Winner in Long-Term?
The business case for corporate investment in bitcoin’s underlying technology, the blockchain, is inevitable, according to a report. Titled ‘Key Drivers, Emerging Trends, and Development in Corporate Banking,’ the study discussed how new competitors in the financial technology sector are overtaking corporate banks. дальше »
2019-4-24 18:47 | |
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Report: North Korea May Exploit Southeast Asia’s Crypto Exchanges
North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report. дальше »
2019-4-25 17:04 | |
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Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases
Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards. This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments. дальше »
2019-4-24 01:08 | |
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Blockchain-based Art Platform Artory Raises $7.3m to Improve Data Integrity
Artory, a distributed ledger technology (DLT) powered art registry that claims to track provenance of art and valuable collectibles, has raised $7. 3 million in its Series A funding round and it says the funds will be used to improve data integrity, functionality and other areas of its business, according to a report by The ArtRead MoreRead More. дальше »
2019-4-23 15:00 | |
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NY Regulator-Flagged ‘North Korean Crypto Accounts’ Were South Korean: Bittrex
By CCN. com: Four days after New York State Department of Financial Services’ executive deputy superintendent for banking Shirin Emami disclosed in an op-ed that having North Korean users on its platform was part of the reason Bittrex was denied a virtual currency business license, the cryptocurrency exchange has come out forcefully to deny the claim. дальше »
2019-4-23 12:53 | |
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JPMorgan Plots Blockchain Payments to Fight Transferwise, Ripple Threat
By CCN. com: Wall Street firm JPMorgan has a plan to save the banking industry’s lucrative cross-border payments business from alternatives such as Bitcoin and fintechs such as Ripple and TransferWise – expand the use cases for its permissioned blockchain network, the Interbank Information Network (IIN) to include settling payments. дальше »
2019-4-22 15:49 | |
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Bitcoin ATM Firm ‘Auscoin’ a Front for International Drug Smuggling Ring: Australian Police
By CCN. com: As bitcoin entrepreneurs who founded the fast-growing Auscoin Bitcoin ATM business in Australia, there was nothing suspicious about Steen McBeth and Sam Karagiozis leading a flashy lifestyle including driving Lamborghinis and BMW motorcycles. дальше »
2019-4-22 12:36 | |
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Post Foldgate, Samsung reportedly delays Galaxy Fold launch in China
Samsung has reportedly postponed the launch events for its $2,000 Galaxy Fold smartphone in Hong Kong and Shanghai, according to reports by SamMobile and Engadget. The press events were originally scheduled for April 23 and 24. дальше »
2019-4-22 11:20 | |
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FinCEN Penalize Bitcoin Exchanger for Unlawful Practices
The United States Financial Crimes Enforcement Network (FinCEN) has ordered Eric Powers, the operator of a peer-to-peer Bitcoin exchange, to pay a fine of $35,000 for willfully violating the Bank Secrecy Act’s (BSA) registration for failing to register as a money services business, according to a press release on April 18, 2019. дальше »
2019-4-20 23:00 | |
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Trump’s FinCEN Pirates Extort $35,000 from Old-Fashioned Bitcoin Trader
By CCN: For the first time, FinCEN – the Financial Crimes Enforcement Network – has fined a peer-to-peer Bitcoin trader for failure to register as a money services business. MSBs fall under FinCEN’s regulation, and according to FinCEN, Eric Powers, reportedly a resident of California, willfully violated registration requirements. дальше »
2019-4-19 18:45 | |
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Financier with Links to Russian Oligarch Launches Crypto Derivative Hedge Fund
According to a BloombergQuint report published April 17, 2019, Gerald Banks, a financier who has in past managed part of a Russian oligarch’s business venture is set to open a cryptocurrency derivative fund. дальше »
2019-4-18 17:00 | |
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Facebook uploaded 1.5 million people’s email contacts without permission
Welcome to the latest episode of “Facebook’s Daily Screw-up. ” Following a report from Business Insider yesterday, the company confirmed it had uploaded more 1. 5 million users’ contact lists without their permission when they signed up for the service starting in May 2016. дальше »
2019-4-18 10:03 | |
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John Delaney: The U.S. Must Create a Dedicated Cybersecurity Unit
John Delaney, a United States politician and business mogul looking to contest for the 2020 U. S. presidential seat, has buttressed the country’s need for a centralized and dedicated “Department of Cybersecurity,” as the nation remains a target to all kinds of cyber threats, according to a blog post on April 16, 2019. дальше »
2019-4-18 23:00 | |
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Brexit’s Surprising Side-Effect: Stiffer Bitcoin Regulations
By CCN: The prolonged process for withdrawing from the European Union may have resulted in great uncertainty, but the UK’s financial watchdog is sure about what it wants post-Brexit – more muscle to oversee bitcoin and the crypto industry at large. дальше »
2019-4-17 20:46 | |
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Just One of Korea’s ‘Big Four’ Bitcoin Exchanges Profited in Crypto Winter 2018
By CCN. com: South Korea is the fourth most active country in the world in crypto trading, per Coinhills. This, however, did not count for much as three of the country’s top four bitcoin exchanges recorded losses in 2018. дальше »
2019-4-17 15:37 | |
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Cryptocurrencies Will Never Replace Us, Cries Romanian Central Bank Official
By CCN. com: Central bankers occasionally lose their guard and reveal that they are constantly worrying they will be rendered irrelevant by cryptocurrencies. The latest proof comes from the National Bank of Romania courtesy of the central bank’s administration council member, Daniel Daianu. дальше »
2019-4-17 12:48 | |
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Bitcoin [BTC], Bitcoin Cash [BCH] accepted as payments by Corporate Traveller following tie-up with BitPay
The future of cryptocurrency had always been speculative and constantly clouded with doubts as crypto-assets were highly unregulated. The silver lining for the industry remains in terms of worldwide adoption, which has the potential to promote the use of virtual currencies. дальше »
2019-4-17 02:30 | |
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UK: Corporate Traveller Allies with BitPay to Accept Bitcoin Payments
Corporate Traveller, a leading UK-based business travel management firm centered on servicing enterprise clients with small to medium travel spend requirements, has joined forces with BitPay, a highly reputed bitcoin payments processor, to enable the former to start accepting Bitcoin (BTC) from clients, according to a press release on April 15, 2019. дальше »
2019-4-16 23:00 | |
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Canadian Province Offers Low-Cost Energy Incentives to Bitcoin Miners
They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power. дальше »
2019-4-17 20:52 | |
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Facebook Goes Down as Bitcoin Continues Mining Blocks With 99.98% Uptime
Social media giant Facebook and its Instagram and Whatsapp platforms went down for a couple of hours highlighting the stability of Bitcoin and its decentralized architecture. Facebook Goes Down Social media website Facebook went down for a few hours on April 13th according to a monitoring resource downdetector. дальше »
2019-4-16 04:00 | |
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Indian Banks Could Start Using Blockchain Technology to Improve Digital Payments
According to the Indian business magazine Business Today, the National Payments Corporation of India (NPCI) could start using blockchain technology to improve digital transactions. India’s banks have been against the development of the crypto industry but they seem ready to implement blockchain technology and improve their services. дальше »
2019-4-14 18:55 | |
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Conversations with customers are an untapped data goldmine for businesses
The rapid rise of the customer data platform suggests brands understand more than ever that customer experience is the new battleground for business. According to Walker, a CX consulting firm, 2020 will be the year customer experience surpasses price and even product as the key competitive differentiator. дальше »
2019-4-14 10:30 | |
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Japan’s Biggest Bank Confirms Launch of Digital Currency ‘Coin’ in 2019
Following months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency. дальше »
2019-4-13 13:22 | |
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Stock Market Looks Recession-Proof, So What’s Holding Back the Dow?
The Dow Jones Industrial Average held relatively steady on Wednesday. According to Goldman Sachs, the US stock market recovery is unlikely to run into a recession anytime soon. If that’s the case, what’s holding back the Dow? Strategists Spar over Recession Risk and Dow Danger On Wednesday, the International Monetary Fund (IMF) slashed its outlook of the global economic growth rate from 3. дальше »
2019-4-10 20:59 | |
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OneCoin Cryptocurrency Ponzi Scam Suspects Arrested in Singapore
The police in Singapore has arrested two men in connection with the OneCoin cryptocurrency Ponzi scheme, The Business Times reports. News of the arrest is the latest installment in the OneCoin saga that has seen the controversial project banned by numerous countries. дальше »
2019-4-10 19:19 | |
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Ripple Expands its Offices in Singapore to Keep Growing XRP Coin’s Presence in the Region
Ripple, one of the largest and most popular blockchain companies in the crypto space, is expanding in Singapore. According to Business Times, the firm is expanding its headquarters in Singapore in order to offer better services for its customers in the region. дальше »
2019-4-8 19:08 | |
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Ripple’s Chris Larsen donates $25 million in XRP to San Francisco State University
Chris Larsen, Ripple’s Co-founder, and his wife Lyne Lam, donated $25 million in XRP to a university in California. The couple made this donation through Ripple Works, a private foundation that provides support to promising entrepreneurs at San Francisco State University [SFSU] college of Business, according to an official announcement from the university. дальше »
2019-4-6 16:30 | |
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Forbes Data Suggest Entrepreneurs are Leaning Towards Leveraging Blockchain In Business
Blockchain-based solutions have been the preferred choice of new and upcoming entrepreneurs in their startups. It has become a growing trend amid the enterprises to leverage blockchain in their business to bring more transparency and confidence to their business. дальше »
2019-4-5 23:50 | |
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VeChain CEO Denies Acquiring Any Interest in Ambrosus GmbH
There have been rumors floating around that VeChain has bought Ambrosus and the business will be rebranded as VeChain GmbH. According to a publication on the Swiss Official Gazette of Commerce (SHAB), it states, “Ambrosus Technologies GmbH, Zug, CHE-422. дальше »
2019-4-4 18:20 | |
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Cryptocurrency exchange QuadrigaCX should declare bankruptcy, EY says
Defunct cryptocurrency exchange QuadrigaCX’s should enter bankruptcy proceedings in a bid to minimize costs and facilitate the recovery of assets for creditors, according to a report by Ernst & Young (EY), its court appointed monitor. дальше »
2019-4-3 12:23 | |
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Puerto Rico Approves Combination Bank for Fiat and Digital Assets
The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX). дальше »
2019-4-3 00:47 | |
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Alibaba, Baidu, and Tencent are among the first 197 regulated blockchain firms in China
China‘s Cyberspace Administration – the country’s central internet regulator – has released the first list of companies approved to conduct business with blockchain tech. There are 197 businesses included on the list which, according to analysts, is meant to “provide a controllable environment to explore blockchain technology,” the Global Times reports. дальше »
2019-4-2 11:51 | |
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Bitcoin Cash proponent Roger Ver calls out Bitfury; asks them to stop spying on and selling users’ transactions
Roger Ver, in a recent talk with the CEO of SBI Holdings, Adam Traidman, took the opportunity and called out another mining player, Bitfury to stop spying. According to the BCH proponent, Bitfury claimed that a section of its business was busy spying on users’ transactions and selling their data. дальше »
2019-4-2 05:30 | |
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Japanese Shinkansen Giant May Accept Crypto: Local Report
JR Group To Bring Digital Assets Mainstream According to CoinTelegraph, in a business presentation in Tokyo last week, Kazuhiro Tokita, the president of the FSA-regulated local crypto exchange DeCurret, dropped a hint that mass adoption. дальше »
2019-4-1 01:26 | |
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Huobi Considers Foothold In Argentina
Popular Singapore-based cryptocurrency exchange Huobi may have found a new landing point in South America. After meetings between Huobi Group executives and senior Argentinian finance officials, potential business arrangements are likely in the works. дальше »
2019-3-29 21:25 | |
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We Can’t Take Wells Fargo’s and Mastercard’s Blockchain Bearishness Seriously (And Neither Should You)
CEOs of major financial companies are jumping on the bearish-on-blockchain bandwagon, with both Wells Fargo’s and Mastercard’s CEOs telling CNBC’s Andrew Ross Sorkin that blockchain’s utility in the business world is still unproven and unclear at the Fintech Ideas Festival on Wednesday. дальше »
2019-3-29 10:00 | |
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Cyprus-based IronFX, EmurgoHK Group’s IronX Crypto Trading Exchange is Now Open for Business
IronX, the cryptocurrency exchange created by IronFX, a leading Cyprus-based global forex broker that specializes in CFDs and other financial instruments has officially opened its doors to the public, after nearly three months of its beta launch, according to a Finance Magnates report on March 28, 2019. дальше »
2019-3-29 00:14 | |
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“It’s Still Very Much an Early Adopter Market” Says Fidelity’s Tom Jessop
It is still very early days for cryptos according to Tom Jessop, head of Corporate Business Development at Fidelity Investments and president of Fidelity Digital Assets. “What’s interesting when you. дальше »
2019-3-27 21:50 | |
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London Mayor Enlists Blockchain Entrepreneur into City’s New Skills Business Partnership
The Mayor of London chose the Market Orders co-founder to become a part of a handpicked group from across London’s businesses in a partnership that will enable him to recreate the city’s skill system. дальше »
2019-3-26 16:00 | |
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Uber Splashes $3.1 Billion in First-Ever Acquisition of Dubai Rival Careem
Ride-sharing business Uber Technologies Inc. is set to ink a $3. 1 billion acquisition deal with Careem, a Dubai-based rival. According to the sources cited in a Bloomberg report, the US transport giant will pay $1. дальше »
2019-3-25 12:38 | |
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United Offers Non-Binary Gender Identification When Booking Flights
United Airlines became just another business to come out in acceptance of non-binary gender identification. The Airline has announced that in addition to the current selections of M(male), F(female), and U(undisclosed), they will offer passengers an “Mx. дальше »
2019-3-25 02:37 | |
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China: Beijing Finance Industry Association Dubs ICOs, STOs, IEOs Illegal
According to March 21, 2019, public notice by the Beijing Internet Finance Industry Association, any participation in “solicited illegal financial activities” like initial coin offerings (ICOs), security token offerings (STOs) and initial exchange offerings (IEOs) could result in severe punishment. дальше »
2019-3-22 20:00 | |
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Morgan Creek Invests in Ikigai Crypto Asset Management Firm
Morgan Creek Digital has invested an undisclosed amount in Ikigai Asset Management, a cryptocurrency and digital asset management firm that claims to be focused on generating superior risk-adjusted returns for its clients through venture-stage pre-Initial Coin Offering (ICO) investments, according to a Business Wire press release on March 20, 2019. дальше »
2019-3-22 06:00 | |
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Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents
The race to file blockchain patents has accelerated lately with one specific firm, Nchain Holdings, attempting to capture hundreds of distributed ledger-related patents. According to reports, self-proclaimed Satoshi – Craig Wright – and his Nchain business claim to have filed 666 patent applications to date, capturing a gigantic portfolio of intellectual property. дальше »
2019-3-22 23:10 | |
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New Blockchain Initiative Launches by Ooredoo Group in Qatar for Many Business Benefits
Blockchain technology is finding multiple use cases in the world, and there are many existing tech companies that have taken note of the progress. In a report from Peninsular Qatar, it appears that Ooredoo Group has decided to launch their own initiative for blockchain. дальше »
2019-3-19 13:36 | |
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Bittrex Announces it Halts RAID Offering After Business Partner OP.GG Terminates Partnership
Surprisingly, Bittrext International cancelled the first Initial Exchange Offering (IEO) that was going to be launched on its platform. According to a recent statement released by Bittrex, there were some “last minute changes” with the RAID (XRD) cryptocurrency project. дальше »
2019-3-15 20:52 | |
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MIT Bitcoin: Legislators Discuss Regulation, Potential of Blockchain Tech
On March 9–10, 2019, the Massachusetts Institute of Technology hosted a two-day event, the MIT Bitcoin Expo 2019. Put together by the student-organized MIT Bitcoin Club, the conference welcomed more than just Bitcoin voices from every corner of the industry. дальше »
2019-3-15 01:08 | |
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Late CEO Of QuadrigaCX Had Mixed His Own Funds With Exchange’s Holdings, According To Widow
Late CEO Of QuadrigaCX Had Mixed His Own Funds With Exchange’s Holdings, According To Widow The drama of the QuadrigaCX court case has continued for months, but new developments show that the separation of personal and business funds have not been quite as separate as anticipated. The legal issues with the exchange date back to […] дальше »
2019-3-14 00:34 | |
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Elon Musk Wields Veto Power over Every New Employee as Tesla Layoffs Mount
Billionaire Elon Musk must personally approve every single employee that gets hired at Tesla. The electric-car company has also raised its hiring standards amid several recent rounds of layoffs. “All headcount requests from the business must get Elon approval,” according to a February 2019 internal email. дальше »
2019-3-13 16:23 | |
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