By CCN Markets: The Italian government is reportedly trying to be lenient on some forms of hard-to-tax savings, such as that held in safe deposit boxes. Bitcoin could be a viable investment for these retail investors. The reality is that no government can track every dollar – unless they have something like a blockchain to help them. This reality is part of the reason people believe the dawn of cryptocurrency may come at the hands of certain governments, intent on having a traceable monetary supply. For now, governments mostly benefit from there being an unknown amount of counterfeit fiat currency
For those QuadrigaCX users who were fortunate enough to have withdrawal requests honored, some appear to have received their funds through unconventional means.
An anonymous QuadrigaCX user who corresponded with Bitcoin Magazine said that they received a bank deposit from Robertson Nova Consulting Inc. (RNC), a corporation with no listed registration in Canadian public records, on March 8, 2017. Bitcoin Magazine also reviewed a financial inquiry into the individual’s bank account deposit history to confirm that the amounts deposited on the bank statement matched the emails.
Crypto-asset companies can now apply for licenses to handle as much as 100 million Swiss francs ($ 100 million) in public deposits under new regulations published on Dec. 3 by Switzerland’s Financial Market Supervisory Authority (Finma). The development underscores the European country’s efforts to promote technological innovation, as in the past only commercial banks were allowed to receive such large deposits.
Companies Cannot Reinvest or Pay Interest on Deposits
There is a catch, however. Blockchain and cryptocurrency-related businesses that are granted the fintech licenses to manage large amounts of investor funds “may not invest” or “pay interest” on the deposits, according to the new guidelines, which go into effect on Jan. 1, 2019.
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The post Nauticus Exchange Opens Deposits, Announces a Month of Airdrops appeared first on CCN
Despite their harsh exterior, banks have been quietly preparing for a world that involves cryptocurrencies. Bank of America has most recently secured a patent for a cryptocurrency aggregation system, one in which big companies store customers’ crypto deposits in an enterprise account involving vaults and offline storage rather than taking on the risk themselves. For example, “deposit
The post Bank of America Could Store Crypto Deposits for Big Companies appeared first on CCN
Cryptocurrency exchange Bitfinex confirmed it has reopened fiat currency deposits for all users October 16th, while remaining secretive about changes in its banking relationships.
‘New, Improved And Increasingly Resilient’
In a blog post, the exchange, which on Thursday began restricting deposits for certain users, said it had finished implementing what it described as “a new, improved and increasingly resilient fiat depositing system.”
“This new process will once again allow KYC-verified users from around the world to initiate deposits across USD, GBP, JPY and EUR,” the post reads.
Months after announcing the launch of Uganda’s first-ever fiat-crypto exchange, Binance has made another step towards facilitating cryptocurrency trading in the East African country. Beginning October 17, users will be able to make deposits to Binance Uganda in the leading cryptocurrencies bitcoin and ethereum as well as in Ugandan Shillings. This will allow trading in
The post Binance Uganda to Begin Accepting Deposits in Ugandan Shilling, BTC & ETH appeared first on CCN
The popular digital currency exchange, Bitfinex has reportedly stopped its USD deposits to their exchange. This news comes after last weeks, several rumours that the exchange was broke which made management forced to step up and deny the rumours that they were not bankrupt.
The company has gone under inspection for the widespread use of the USD Tether stablecoin. However, there haven’t been any transparent audits which actually prove the stablecoin is backed by the US dollar. This is a serious situation for the market, with over $ 2.5 billion in the form of USDT.
StellarX, a zero-feed decentralized exchange built on the Stellar (XLM) blockchain with an industry-first fiat on-ramp, has officially launched. StellarX is launched–free trades, fiat onramp, all kinds of tokens! Still lots to do. But here's a look at where we are and where we're going. https://t.co/BnHGwxD8E0 — StellarX (@stellarxhq) September 28, 2018 According to the […]
The developers of privacy-centric cryptocurrency monero have patched a bug that would have allowed an attacker to cause significant damage to cryptocurrency exchanges and XMR-friendly merchants. Now-Patched Monero Bug Put Cryptocurrency Exchanges, Merchants at Risk Addressed through a software patch privately distributed to exchanges and merchant and later publicly disclosed through a post-mortem on the
The post Monero Devs Patch Bug Allowing Attackers to ‘Burn’ Cryptocurrency Exchange Deposits appeared first on CCN
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Trademonk formally known as Btcmonk is crypto-based exchange with many exciting features. The exchange has been acquired by an Estonian company Trademonk OU which is going through its … Continued
The post BTC Monk Is Now Trade Monk. Exchange with Advanced Features and Live INR Deposits and Withdrawls ! appeared first on CCN
An Indian cryptocurrency exchange has come up with a new method to allow its users to deposit and withdraw rupees despite the crypto banking ban by the country’s central bank. The exchange also guarantees that rupee requests will be processed within 30 minutes or the user will receive ten free XRP credited to their account.
Following a disastrous security breach in June that led to losses of more than $ 30 million, Korean cryptocurrency exchange giant Bithumb has announced that it is set to resume deposit and withdrawal services on its platform. The announcement, which was made earlier today on Twitter, revealed that the services would be restored on August 4, 2018, at 11 a.m. KST.
Suspension and Maintenance
In June 2018, following the much-publicized hack that led to the hot-wallet theft, the platform temporarily disabled all currency transaction capabilities. Funds were hurriedly moved into cold storage wallets, and a moratorium was placed on all deposit and withdrawal services. The platform then announced some maintenance periods and security reviews, which led to significant downtime through much of July, although trading activities continued in between downtime periods.
In the latest example of the growing acceptance of cryptocurrencies in gambling, you can now use Bitcoin to bet on horses. AmWager.com, a website for watching and betting on live horse racing, has started accepting deposits in Bitcoin and Bitcoin Cash.
A First for AmWager.Com and American Live Horse Race Betting
According to an announcement made by the company, this development makes AmWager the first advance deposit wagering (ADW) company in the United States to receive the necessary go-ahead from regulators for accepting Bitcoin.
Ethereum’s smart contract bugs just keep on coming. Exchanges including Okex, Poloniex, Coinone, and Hitbtc today suspended deposits of ERC20 tokens following the discovery of a batch overflow bug written into the smart contracts governing numerous coins. The news comes in the same week that the ethereum community voted against restoring the lost ether that was locked up in the Parity smart contract bug last year.
World’s First AI-Controlled Influencer Marketing Platform Successfully Closes $ 12M Phase 1 Of The Tokensale Following 36 Minutes $ 5.5M Pre-Sale Spurt
Tallinn, March 24, 2018
AdHive, an AI-powered platform for influencer marketing announces that it has successfully closed the $ 12M hard cap ahead of the open phase of its tokensale. The company’s innovative approach to AI-automated and blockchain-backed native advertising attracted a total of 5,839 token purchasers through the presale and Phase 1 of the tokensale.
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On today’s show:
The only thing people seem to want to know about right now is the market prices so let’s dedicate today to that
If you do decide to go shopping for cryptos during these price declines may I recommend Binance, probably my favourite exchange right now.
My referral link is: https://www.binance.com/?ref=10890655 but as ever I do not recommend storing your crypto on any exchange so bear that in mind.
Coinbase will no longer be accepting deposits from Nationwide bank. The move comes due to the bank’s SEPA processing being handled by German bank Commerzbank, who has a new companywide policy of not dealing with money related to Bitcoin.
The Coinbase website has announced that they will no longer be accepting deposits from Nationwide Bank. Nationwide’s line on events appears to be that it is their SEPA payment processing, handled by Germany’s Commerzbank who have been associated with a company-wide policy of refusing to deal with transactions related to Bitcoin and cryptocurrency.