In this edition of The Daily, the Polish financial watchdog has authorized two crypto companies to operate as payment service providers and a bank in the Netherlands now offers crypto storage to its clients. Also, recently leaked images show the long-awaited Samsung S10 may indeed come with a cryptocurrency wallet.
Poland Grants Licenses to Coinquista and Bitclude
The Polish Financial Supervision Authority, Komisja Nadzoru Finansowego (KNF), has licensed two crypto startups as payment providers. The companies, Coinquista and Bitclude, offer a number of services related to cryptocurrency such as digital asset exchange platforms and crypto wallets.
Liechtenstein cryptocurrency exchange LCX has been granted a license to provide crypto trading services for utility and payment tokens. The exchange will be offering four main crypto services including a custody service and a fiat-to-crypto exchange in partnership with Binance.
A Regulated Exchange
LCX announced on Tuesday that it has been granted “a business license of the Liechtenstein Ministry of Economic Affairs to conduct its business in Liechtenstein (Gewerbebewilligung).”
An LCX representative told news.Bitcoin.com:
In recent exchange news, the Mt. Gox trustee will seek to extend the deadline for rehabilitation claims. In other news, Gibraltar Stock exchange has become the first national stock exchange to operate a regulated virtual currency exchange, and Okex has denied accusations of market manipulation relating to its recent short-notice settlement of BCH futures contracts.
Mt. Gox Trustee Moves to Extend Rehabilitation Claims Deadline to Dec. 26
Nobuaki Kobayashi, the trustee of defunct cryptocurrency exchange Mt. Gox, will seek to request an extension on its deadline for the filing of civil rehabilitation claims.
Nineteen firms have been granted provisional licenses to operate crypto exchanges by the Philippine government-owned Cagayan Economic Zone Authority. In addition, eight firms have paid the application fees and are being reviewed. A list of all 27 companies has been published.
Provisional Licenses Issued
The Philippine government-owned Cagayan Economic Zone Authority (Ceza) on Friday published a list of all companies that have been issued Financial Technology Solutions and Offshore Virtual Currency (Ftsovc) and Offshore Virtual Currency (Ovc) licenses as well as those that have paid the application fees and are being reviewed.
Over the past year, SBI Ripple Asia has brought in 61 Japanese banks to its consortium representing 80 percent of Japan’s total assets. In the upcoming months, the consortium could begin to utilize the Ripple network to process cross-border payments. On September 26, SBI Ripple Asia successfully registered with the Kantou Bureau of Japan’s Ministry
The post SBI Ripple is Officially a Licensed Payments Agent, Will it Boost XRP Adoption? appeared first on CCN
Cryptocurrency trading platform Poloniex has delisted eight coins with low liquidity, while another US-based exchange, Gemini, is adding litecoin to its offerings. Also in The Daily, Ironx has been licensed to offer exchange services from Estonia, and Bitmain’s Antpool will sponsor NBA team Houston Rockets with bitcoin cash.
Poloniex Delists 8 Cryptocurrencies
US-based crypto exchange Poloniex has decided to delist eight coins – bitcoindark (BTCD), bitmark (BTM), einsteinium (EMC2), gridcoin (GRC), neoscoin (NEOS), potcoin (POT), vericoin (VRC), and bitcoin plus (XBC). These digital currencies will be excluded from the platform’s offerings on Tuesday, September 25, at 12:00 ET, according to an announcement published on Twitter this week.
In the second major hack of a Japanese cryptocurrency exchange this year, some 6.7 billion yen ($ 60 million) in cryptocurrencies were stolen from the wallets of Zaif of which 4.5 billion yen ($ 40 million) belonged to customers. Tech Bureau, operator of cryptocurrency exchange Zaif, confirmed the hack occurred between 1700 and 1900 local time on
The post Licensed Crypto Exchange Zaif Plans Compensation after 6,000 Bitcoins, $ 60 Million Crypto Theft appeared first on CCN
Giant cryptocurrency exchange, Huobi has acquired a majority stake in Japan-based BitTrade in a move that is aimed at significantly scaling the trading platform and giving it greater global recognition. Now based in Singapore, Huobi was originally founded in China in 2013 and has over the years grown beyond borders into a number of nations
The post Huobi Acquires Licensed Cryptocurrency Exchange in Japan appeared first on CCN
LedgerX has introduced a Bitcoin savings product licensed by the CFTC. The Bitcoin asset management platform has designed this new product to cater to long-term hodlers.
The LedgerX Bitcoin ‘Call Overwrite’
Launched on May 15th, the LedgerX Bitcoin savings account enables investors to earn a fiat-based yield on their Bitcoin holdings. Instead of hodling in the hope of a significant price increase, savers can now earn revenue from a call overwrite. Usually, overwrite contracts are for assets that are deemed to be undervalued or overvalued. The trader overwrites calls if the latter is the case and overwrites puts if the former is the case.
Taking another bold step in developing a comprehensive P2P lending solution for the Asia- Pacific, Crowd Genie has announced that it will conduct the first-ever ICO token sale of its CGCOIN currency, through its related entity CGSPV Pte. Ltd.
One of only four P2P lending platforms to be awarded a Capital Market Services (CMS) License by the Monetary Authority of Singapore (MAS), Crowd Genie’s prime focus is to provide easier capital access for borrowers looking to grow their young businesses with the right investors; namely through its end-to-end marketplace lending platform.