Some users in the occupied Palestinian territories of the Gaza Strip and the West Bank are turning to crypto dealers to buy bitcoin to purchase investments abroad. Since Palestinians cannot send money directly to online crypto exchanges because none work with local banks, locals rely...
Samsung has revealed that South Korea’s customs authority has agreed to use the company’s Nexledger blockchain tech for its decentralized customs clearance system. In addition, 48 domestic institutions, including public agencies and shipping and insurance companies, have also signed the memorandum of understanding (MoU), according...
New York State has approved the dollar-linked digital currencies created by Gemini Trust and Paxos Trust, making them the first stablecoins approved by the state’s regulator. Both the Gemini dollar, launched by twins Cameron and Tyler Winklevoss, and the Paxos Standard will be fully collateralized by...
Crypto payments startup Wyre has acquired Hedgy, a venture-backed bitcoin smart contract development firm. While Wyre already provides cross-border payments using bitcoin, Ethereum, Litecoin and other cryptocurrencies, the deal enables it to expand its services to crypto startups, the company’s co-founder and COO Ioannis Giannaros...
The U.S. Securities and Exchange Commission (SEC) announced that it has suspended trading in two investment products that track cryptocurrencies because there is confusion as to whether they are exchange-traded funds (ETFs). The suspension in trading of Bitcoin Tracker One and Ether Tracker One, which both claim...
The headlines swirl around China and cryptos and a crackdown on trading, and even discussing them on social media. But a sanguine attitude seems to prevail, for at least one notable player in the bitcoin and digital currency space. Financial Times reported on Wednesday (Sept....
U.K.’s financial services providers watchdog, the Financial Conduct Authority (FCA), has sent out a warning about three crypto-related firms that have been operating without a proper license. According to CryptoVest, the warnings were issued about Local Bitcoin Ltd, BK Coin and BlackRock Crypto Asset Management...
China’s ongoing struggle to get cryptocurrency control is raging on, with a new wave of measures meant to reign in the volatile but popular markets for digital currency in-nation. The latest salvo? China is apparently blocking access to 124 different offshore cryptocurrency exchanges, according to...
Bitcoin’s 2018 crash is nearing dot-com levels, as hundreds of other virtual coins are at or nearing zero. Following a regulatory crackdown and recent hacks, bitcoin prices have slumped to lows not seen for months, with the popular cryptocurrency dipping just below $5,800 on Friday...
