Alibaba Wins preliminary Trademark Injunction Against Cryptocurrency Alibabacoin
Chinese e-commerce giant Alibaba Group Holding Limited has won a preliminary injunction against cryptocurrency firm Alibabacoin Foundation. The legal victory centers on the use of the company’s name, or likeness, purportedly to promote the foundation’s similarly named virtual currency, according to Oct. 22 court documents in the U.S.’s Southern District of New York. The case […]
New York State Department of Financial Services Approves Coinbase Trust to Offer Crypto Custody Services
Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase Custody Trust Company LLC, a wholly-owned subsidiary of Coinbase Global, Inc., to operate as a limited purpose trust company. Coinbase Inc. has held Money Transmitter and Virtual Currency licenses from DFS […]
Taiwan Financial Supervisory Commission Says it is Drafting ICO Regulations
The Financial Supervisory Commission (FSC) is drawing up national standards for initial coin offerings (ICOs) to make virtual tokens as easy to invest in as stocks and just as liquid, FSC Chairman Wellington Koo said yesterday. The draft is to be completed by June next year, he told a meeting of the Legislative Yuan’s Finance […]
1st Bitcoin ATM in Bengaluru Seized, Co-Founder Held
A 37-year-old man was arrested here on Tuesday for running India’s first bitcoin ATM kiosk, which police called illegal as it had been set up without approvals. Harish BV, from Tumakuru and co-founder of Unocoin Technologies, Rajajinagar, operated the kiosk at Kemp Fort Mall on Old Airport Road. The kiosk facilitated cryptocurrency deals. Central Crime […]
Cryptocurrency Exchange Coinbase Launch Digital Dollar USDC
Cryptocurrency exchange and brokerage giant Coinbase has provided a major stamp of approval to one of several recently launched USD-pegged cryptocurrency “stablecoins” seeking to supplant tether (USDT) as the leader in this burgeoning market niche. The San Francisco-based Coinbase on Tuesday announced that beginning today, customers can buy, sell, send, and receive USD Coin, the […]
Crypto Market Consolidating in Response to Low Prices
Bearish sentiment in the cryptocurrency market has driven an industry-wide increase in mergers and acquisitions, with such deals spiking by more than 200 percent year on year in 2018. According to figures compiled by JMP Securities for Pitchbook, 115 deals have already been announced throughout the world this year, with roughly 30 more expected by […]
Cryptocurrency Market Worth $1.40 Billion by 2024
According to the new market research report on “Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, & Wallet, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography – Global Forecast to 2024”, published by MarketsandMarkets™, the Cryptocurrency Market is projected to reach USD 1.40 billion by […]
U.S. Jewelry Retailer Marks Jewelers Accepting Payments in Cryptocurrency
U.S. jewelry retailer Marks Jewelers has started accepting payments in cryptocurrency, including bitcoin cash. Shoppers can now pay for luxury goods such as fine diamonds, watches and engagement rings using BCH and seven other digital currencies. In addition to BCH, the company is now accepting payments in cryptocurrencies such as bitcoin and ether. “This will […]
COBINHOOD Cryptocurrency Exchange Launches Margin Trading
COBINHOOD, the next-generation cryptocurrency service platform and zero-fee exchange, today announced the launch of Margin Trading on its platform. Starting October 19, COBINHOOD users, from the novice to the experienced, are able to maximize their trading power and tap into unused funds for greater value. The comprehensive features include: Margin Trading which allows users to trade more than […]
Cryptoasset Taxonomy Report Reveals a Concentration of Crypto Power
Cryptocompare, the cryptocurrency market data aggregator, has published a Cryptoasset Taxonomy Report. The nearly 80-page document is designed to provide investors, regulators and the industry with an independent classification of coins and tokens to help differentiate from a long list of ever-growing options. The report is based on an analysis of over 200 crypto assets, […]
The Worst Yet to Come for African Cryptocurrency Exchanges
Exchanges in the African continent have been relatively unscathed, suffering scant losses amidst the $930 million that’s been stolen from global exchanges so far this year, according to data by U.S. cyber security firm Ciphertrace. The most notable assault on investor funds in the continent of 1.2 billion people happened around March in South Africa. […]
IAMAI Forms Committee for Blockchain
With an aim to help Blockchain technology fulfill its potential of facilitating job creation for the new economy in the country, the Internet and Mobile Association of India (IAMAI) has formed a Blockchain committee. The group will identify opportunities and challenges and work with government, industry and startups to develop the ecosystem. The committee will […]
World Payments Report 2018: Digital Payments are Experiencing a Boom
Digital payments are experiencing a boom, driven by developing markets, according to the World Payments Report 2018 launched today from Capgemini and BNP Paribas. However, the innovation landscape in payments is uncertain as BigTech1 entrants make their presence felt, and incumbents face technical and regulatory complexity in the development of new collaborative payments ecosystems between […]
Bitfinex Appears to Have Moved its Business to a Hong Kong Bank
Recently, Bitfinex briefly banked with HSBC through a private account via Global Trading Solutions, and subsequently suspended all fiat deposits for nearly a week. Now, according to a source familiar with the matter, Bitfinex appears to be banking with Bank of Communications through a private account of PROSPERITY REVENUE MERCHANDISING LIMITED. The Hong Kong-based bank, […]
Coinbase Expands with New Dublin Office
The number of Coinbase customers in the European Union (EU) grew faster than any other market in 2017. As we scale, we need to attract the best, most qualified and passionate talent to help us achieve our mission of creating an open financial system for the world. We explored a variety of cities across the […]
Nasdaq Could Gatecrash the Crypto Market with a New Platform
The firm, which is best-known for bringing technology companies such as Facebook and Tesla to market, is exploring a security token platform, the people said. Such platforms provide a way for firms to issue a token, which trades on a blockchain, as a way to raise funds. Security token offerings (STOs), unlike some initial coin […]
UK Cryptocurrency Regulations Could Take up to Two Years Based on Comparable Regulatory Extensions
UK regulation of the cryptocurrency market would take two years to introduce based on comparable extensions of the FCA’s remit. James Kaufmann, Legal Director at RPC says that this based on the best-case scenario where proposals in the recent House of Commons Treasury Committee report* start to be progressed. The process of introducing the necessary […]
BANKEX Launched a Custody Bug Bounty of $15K
BANKEX has launched a Custody bug bounty to incentivize hackers to expose weak spots BANKEX can then fix. BANKEX will reward hackers up to $15,000. After reading news about crypto heists, having value stored in crypto might seem to be a nightmare. It seems like a pain to keep private keys safe, hiding them from […]
