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Archive for July 2019

Singapore’s Regulator Warns of New Scam Bitcoin Investment Scheme

Singapore’s Regulator Warns of New Scam Bitcoin Investment Scheme

The Monetary Authority of Singapore (MAS) has flagged an online Bitcoin (BTC) scam scheme that offers Bitcoin investment using forged claims by a former prime minister. Website uses forged statements by a former prime minister to solicit Bitcoin investment On July 31, Singapore’s central bank and financial watchdog issued an official warning, stating that the…

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Beating Bakkt, LedgerX Is First to Launch 'Physical' Bitcoin Futures in US – CoinDesk

Beating Bakkt, LedgerX Is First to Launch 'Physical' Bitcoin Futures in US - CoinDesk

The Takeaway Bitcoin derivatives provider LedgerX announced it has launched the first physically-settled bitcoin futures contracts in the U.S. Wednesday. The contracts, which pay traders out in bitcoin, rather than U.S. dollars, will be available to both institutional and retail investors. Customers can deposit bitcoin, rather than dollars, when buying a contract. LedgerX has beaten…

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Kraken Boosts Institutional Offerings With Acquisition of Dan Held's Interchange – CoinDesk

Kraken Boosts Institutional Offerings With Acquisition of Dan Held's Interchange - CoinDesk

Cryptocurrency exchange Kraken has just acquired a firm offering a way for institutional investors such as hedge funds and asset managers to better manage their portfolios. The exchange announced Tuesday that it has bought Interchange, an accounting, reconciliation and reporting service provider that it says offers an “institutional-grade” service. Interchange notably boasts as co-founders Dan Held, formerly…

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Token Burning, Explained

Token Burning, Explained

2. Although the concept is straightforward, token burning can be accomplished in different ways. The goal is to reduce the existing number of tokens available. Although it sounds extreme, burning tokens doesn’t disintegrate them literally, but it does render them unusable in the future. The process involves the project’s developers repurchasing or taking available currency…

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UK Financial Watchdog Issues Full Guidance on Crypto Assets – CoinDesk

UK Financial Watchdog Issues Full Guidance on Crypto Assets - CoinDesk

The U.K. Financial Conduct Authority (FCA) has finalized its guidance on crypto assets, clarifying which tokens fall under its jurisdiction. Most of the rules issued Wednesday were proposed in consultation paper CP19, which was released for public comment in January. As widely expected, the final guidance does not drastically alter the regulatory landscape, instead specifying…

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PR: CheapAir.com and Bitcoin.com Partner to Serve Bitcoin Cash Travelers – Bitcoin News

PR: CheapAir.com and Bitcoin.com Partner to Serve Bitcoin Cash Travelers

CALABASAS, CA (July 31, 2019) – Online travel agency CheapAir.com and Bitcoin.com today announced a partnership to serve crypto travelers. Beginning today, more than 4 million Bitcoin.com Wallet users will be able to access CheapAir.com’s booking engine from their mobile app. The partnership will help crypto travelers find the best deals on flights and hotels…

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Cryptocurrency Regulation Necessary to Keep Firms in US, Says Circle CEO

Cryptocurrency Regulation Necessary to Keep Firms in US, Says Circle CEO

The CEO of cryptocurrency trading and investment firm Circle thinks the United States will create appropriate regulation as more companies move overseas. Speaking to Bloomberg in an interview on July 31, Jeremy Allaire highlighted ongoing tendencies for crypto market participants to move abroad as a factor motivating future regulatory policy in Washington.  Allaire’s comments come…

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Indian Finance Minister Addresses Crypto Proposal – Industry Responds – Bitcoin News

Indian Finance Minister Addresses Crypto Proposal - Industry Responds - Bitcoin News

India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed and incomplete. Also read: Calls Intensify for Indian Government to Regulate Cryptocurrency Finance Minister…

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China Publishes New Rankings of 37 Crypto Projects – Bitcoin News

China Publishes New Rankings of 37 Crypto Projects - Bitcoin News

China’s Center for Information and Industry Development has published its latest crypto rankings. Thirty-seven projects have been evaluated and ranked overall as well as in three separate categories. Some favorites have changed and two projects have been added to the previous list of projects ranked. Also read: G20 Leaders Issue Declaration on Crypto Assets –…

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Importer of Bitmain's Bitcoin Miners Draws Criminal Investigation in Russia – CoinDesk

Importer of Bitmain's Bitcoin Miners Draws Criminal Investigation in Russia - CoinDesk

The Russian Federal Customs Service has opened a criminal investigation into an importer of bitcoin miners for potential underpayment of customs fees. The Far-East Trading and Industrial Company, or DTPK, may have failed to pay about $1.2 million on 6,012 Bitmain-manufactured ASIC miners imported from August 2017 to February 2018, according to a search warrant obtained by CoinDesk. DTPK,…

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