The post Regulated exchange IronX appoints Stephen Hammond MP to advisory board appeared first on CoinReport.
Coinbase has made yet another pioneering move in the regulatory morass that is cryptocurrency. The company today announced that its institutional wing, Coinbase Custody Trust Company, has received approval from New York State regulators to operate as an “independent Qualified Custodian.” Coinbase May Operate as Qualified Custodian A qualified custodian operates similarly to a bank,
The post New York Gives Coinbase Green Light to Offer Regulated Crypto Custody appeared first on CCN
Huobi Global is set to list four new stablecoins, namely Paxos Standard (PAX), Gemini Dollar (GUSD), TrueUSD (TUSD), and USDCoin (USDC) later this week. In an announcement on its website, the cryptocurrency exchange revealed that the four new assets will go live on Oct. 19. Huobi’s New Listings PAX, a newly launched digital asset is
The post Huobi Lists Four ‘Regulated’ Stablecoins Vying for Tether’s Crown appeared first on CCN
If tether (USDT) is truly backed by and redeemable for physical U.S. dollars stored in company-controlled bank accounts, the so-called cryptocurrency “stablecoin” should manage to weather this period of uncharacteristic volatility until arbitrage restores its USD peg. If not, we could be witnessing the unraveling of the token that sees more daily trading volume than
The post As Tether Loses USD Peg, OKEx Will List ‘Regulated’ Cryptocurrency Stablecoins appeared first on CCN
Nasdaq (NDAQ), the second-largest stock exchange in the world by total capitalization, is reportedly exploring a possible security token platform to support regulated initial coin offerings (ICOs). According to a recent report by The Block that cites insiders familiar with the matter, Nasdaq is interested in developing a platform for companies to stage security token offerings (STOs) to […]
The next wave of USD-backed stablecoins have begun to make their way onto high-volume cryptocurrency exchanges, and early indications suggest that traders may trust them more than tether (USDT). New USD-Backed Cryptocurrencies Vie for Tether’s Crown As CCN reported, cryptocurrency firms Gemini, Paxos, and Circle have all in recent weeks launched asset-backed “stablecoins,” cryptocurrency tokens … Continued
The post New Crop of ‘Regulated’ Stablecoins are Trading at a Premium to Tether appeared first on CCN
Former UBS executives raised $ 104 million to operate Seba, a strictly regulated crypto bank, with a banking license from Finma, the Swiss financial regulator. The infrastructure of the cryptocurrency exchange market is improving rapidly with Bakkt, Coinbase, and major US-based banks like Citigroup, Morgan Stanley, and Goldman Sachs that have recently released their plans to
The post Former UBS Executives Raise $ 104 Million to Create Regulated Crypto Bank appeared first on CCN
Google, the $ 828 billion search engine behemoth, has unbanned crypto-related ads, allowing regulated companies to utilize its platform to advertise their products. In March, Google executive Scott Spencer stated that cryptocurrency investments have potential to cause harm in financial markets, leading the search giant to ban crypto ads. He stated: “We don’t have a crystal
The post Google Unbans Crypto Ads, Will Work With Regulated Firms in US and Japan appeared first on CCN
Blockchain security startup Bitgo has announced that it has received regulatory approval in the U.S. to offer cryptocurrency custody services. With the move, BitGo becomes the latest company to throw its hat into the crypto custody ring as the market prepares to welcome large institutional investors who have previously been put off by crypto’s substantial
The post BitGo Receives Approval to Operate as Regulated Cryptocurrency Custodian appeared first on CCN
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, announced Monday that it has launched the Gemini dollar (GUSD), a new stablecoin pegged to the U.S. dollar. We are excited to announce our launch of the Gemini dollar (GUSD), the world's first regulated stablecoin! For more information, please visit our blogpost on @Medium https://t.co/O9jljzSljj — Gemini (@GeminiDotCom) September 10, […]
The first regulated Bitcoin Cash (BCH) futures market officially went live on Friday, launched by Crypto Facilities, a U.K.-based crypto futures exchange and CME Group partner. Our BCH/USD Futures are live! We support CashAddr format and credit deposits after 1 confirmation – https://t.co/tcdL5Nei5T Specifications for the contracts – https://t.co/vDr9Cj4ZKo Trade here: https://t.co/Ia49JYRkzU#BCH #BitcoinCash #Futures — Crypto […]
The OKEx debacle shows us that exchanges are dropping the ball when it comes to preventative risk management, helping the case for regulated Bitcoin futures and exchange-traded funds (ETF).
The association comprising of 16 government-approved cryptocurrency exchanges in Japan has reportedly provided a sneak peak of its self-regulatory rules. The focuses are on banning insider trading and preventing exchanges from listing privacy coins.
Insider Trading Banned
The Japan Virtual Currency Exchange Association (JVCEA) has given a sneak peak of the draft self-regulatory rules it has been working on, “in an effort to step up consumer protections and improve transparency,” Nikkei reported on Monday. The main focuses of the new regulations are on “insider trading and the trading of new currencies that cannot be traced easily,” the publication detailed, adding:
Regulated cryptocurrency exchange Itbit announced today that it has received approval from the New York State Department of Financial Services to add more cryptocurrencies to its product offerings. The company will begin offering custody, escrow, OTC trading, and exchange services for BCH, ETH, LTC, and XLM, in addition to its existing BTC offerings.
Approval by the NYDFS
Itbit announced on Thursday, June 14, that it will start offering several new products based on cryptocurrencies other than BTC. The New York-based company wrote:
United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite the optimistic outlook, the commissioner has criticized the current state of the ICO industry.
SEC Commissioner Expects ICOs Have Legitimate Future
In an interview with CNBC, SEC commissioner, Robert Jackson, recently expressed cautious optimism regarding ICOs – predicting that initial coin offerings will be conformed to the rubric of existing securities regulations in future.
Self-sovereign identity application Blockpass and universal cryptocurrency wallet Infinito Wallet announced today their strategic partnership. The two companies’ mutual agreement includes plans to release Blockpass’ PASS token via the Infinito Wallet platform and defines a shared vision of a decentralized regtech ecosystem.
PASS, which is to be distributed through token sale channel partners starting at the end of May 2018, will be the first ‘regtech’ token issued on the Infinito Wallet. PASS tokens will function as discount vouchers for Blockpass services, being burned upon redemption.
Bitcoin futures traders in Hong Kong are turning away from the autonomous territory’s unregulated cryptocurrency exchanges, flocking instead to regulated US markets.
December saw the launch of Bitcoin futures on both the CBOE and CME. Since then, trading volume has steadily increased as traders in Hong Kong turn their backs on their less secure domestic exchanges in favor of regulated US markets.
TD Ameritrade CEO Gary Leung claims his is one such firm experiencing increased interest in Bitcoin futures coming out of Hong Kong, explaining to the South China Morning Post:
Hush’s ambition is to create the first regulated, participative and tokenized model for simplified services so that users cans use their money in FIAT and/or crypto-currencies.
Hush is a neobank that has been conceived of and created by Éric Charpentier, ex-founder of Morning which is also a neobank.
In order to rethink and reinvent the mutualism banking model combined with a mobile and decentralized environment, he is now working with a small which its members have skills in the banking regulation area and in crypto-currencies.
Hush CEO Éric Charpentier states: