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Bitcoin Mining Service Provider Luxor Launches Hashprice OTC Derivative

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The company will track hashrate values through its own index and will pay out in USD or BTC, enabling non-physical access to the bitcoin mining industry.

  • Luxor Technologies is launching an OTC NDF derivative for the bitcoin mining industry.
  • The NDF will follow the hashprice of different companies and offer varying contract terms with flexible settlement options, including BTC.
  • The NDF will follow Luxor’s Hashprice Index to determine hashprice values.

Luxor Technologies, a bitcoin mining service provider, has launched the Luxor Hashprice NDF, an over-the-counter (OTC) bitcoin mining derivative, per a release sent to Bitcoin Magazine.  Read more...

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Singapore’s DBS Bank Expands Its Crypto Trading Service For 100K Customers

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As per Friday’s announcement through Bloomberg, Singapore state-owned DBS Bank has expanded its crypto trading service to more its 100,000 investors linked with its DBS Treasures section. The DBS’ clients will trade virtual currencies through its member-only decentralized exchange, DDEx. The service initially allows customers to trade four top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), BitcoinCash (BCH), and Ripple (XRP).

Despite the current negative market climate and U.S. regulators’ tightening policies, cryptocurrency continues to gain more and more ground in adoption. The benefits and use cases of decentralized technology have been attracting the government and private sectors globally and pushed them to include digital currencies in their systems. Likewise, Singapore’s leading financing bank, established in 1968, remains second to none.  Read more...

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Email Marketing Service MailChimp Shuts Down Crypto Customers

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Crypto companies have usually been the victims of corporate crackdowns over the years. The same is now the case with one of the largest email marketing services in the world. Earlier this week, some notable crypto companies and service providers took to Twitter to air their grievances with Mailchimp. The problem? Closure of their accounts without any prior warning.

Mailchimp Largest Crypto Companies

Multiple crypto platform owners have taken to Twitter to call out email marketing service Mailchimp for what seems to be a targeted closure of accounts. The complaints have been from people whose businesses offer some kind of crypto service or newsletter, and according to them, Mailchimp had closed their accounts without any prior warning.  Read more...

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Philippine Central Bank Halts Bitcoin, Crypto Service Provider Approvals For Three Years

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The central bank stated virtual asset service providers pose a great risk but will allow existing businesses to continue operations or expand.

  • The central bank of the Philippines will not accept applications from virtual asset service providers for three years.
  • The bank claims the institutions pose varied risk to financial stability.
  • Previously existing service providers can still expand operations and continue operating based on regulatory compliance.

The Bangko Sentral, central bank of the Philippines, will close the door to all virtual asset service providers (VASPs) seeking a license to operate in the country starting September 1, per an announcement from the bank.  Read more...

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Gemini Can Provide Crypto Service In Ireland Now, Receives First License

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The Central Bank of Ireland has provided regulatory approval to Gemini, a cryptocurrency exchange. Gemini will now be able to extend crypto services in Ireland. The exchange is situated in Ireland (Dublin), it established its headquarters there in the year 2021.

After a thorough review of the security and compliance programmes, this license was granted to the exchange. Additionally, Gemini is the first ever cryptocurrency exchange to be granted the (Virtual Asset Service Provider) VASP approval in the Ireland.  Read more...

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Thailand Approves 4 New Cryptocurrency Service Providers

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Thailand Approves 4 New Cryptocurrency Service Providers

The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules, conditions, and procedures have been introduced for digital asset businesses.

Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments  Read more...

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SEC Launches Search for Blockchain Data Service to Help ‘Monitor Risk’

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The U.S. SEC has taken some steps to provide clarity to blockchain companies, but it’s widely believed that the agency has not been active enough with respect to providing regulation. Now the securities regulator is apparently interested in engaging an “enterprise-wide data subscription for blockchain ledger data.”  According to the notice on FedBizOpps.gov: “The United […]

The post SEC Launches Search for Blockchain Data Service to Help ‘Monitor Risk’ appeared first on CCN Markets

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Korean Crypto Exchanges Revise Terms of Service in Boost for Investors

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By CCN Markets: According to The Korea Herald, Bithumb and four other major crypto exchanges in South Korea have formally changed their terms of service to become liable for potential hacking attacks that may affect users. The report read: “Five cryptocurrency exchanges have changed their terms of service in a way that they can be liable for problems caused by potential cyberattacks or system malfunctions, even if operators are not willfully or grossly negligent, South Korea’s antitrust regulator said Monday.” The change in terms of service by exchanges follows the encouragement of the Korea Blockchain Association toward exchanges to establish  Read more...

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Mixing Service Bitcoin Blender Quits After Bestmixer Takedown

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Mixing Service Bitcoin Blender Calls It Quits After the Bestmixer.io Takedown

On May 27, cryptocurrency supporters learned that the anonymous BTC mixer Bitcoin Blender would be shutting down. The news follows the recent closure of Bestmixer.io after it was seized by global law enforcement.

Also read: Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time  Read more...

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Coinme and Coinstar Expand Bitcoin Kiosk Service

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Coinstar Coinme News Bit

More crypto users can now walk into their local grocery store and purchase cryptocurrencies, thanks to the expansion of a partnership between Bitcoin ATM operator Coinme and coin-cashing machine purveyor Coinstar.

The expansion, announced in a press release, means that bitcoin will be available for purchase at over 2,200 locations in 21 states and the District of Columbia. The partnership began in early 2019 and grew to offer bitcoin purchases at kiosks in 19 states in late April.  Read more...

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LocalBitcoins Denies Service to Iranian Users

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LocalBitcoins

The popular peer-to-peer bitcoin trading network LocalBitcoins has shut down all trading operations for Iranian users.

LocalBitcoins’ website offers a variety of pages for users of different nations and, as of May 24, 2019, the Iranian page displays a message that “LocalBitcoins is currently not available in your selected region,” in English only. In an official correspondence regarding the update, a representative of LocalBitcoins confirmed that Iranians can no longer access the service.

“If you have an account already, you will be able to withdraw your bitcoins, but you will not be able to use the platform for trading,” the representative said of Iranian users.  Read more...

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Finland Begins Regulating Crypto Service Providers

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Finland Begins Regulating Cryptocurrency Service Providers

Finland’s president has approved a law to regulate cryptocurrency service providers including exchanges, custodian wallet providers, and issuers of cryptocurrencies. The law will enter into force next week. Crypto service providers will need to register with the country’s Financial Supervisory Authority and meet statutory requirements.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

Finland Approves Crypto Law

Finland’s Ministry of Finance announced Friday that the president of the country has approved the Act on Virtual Currency Providers. The Finnish Financial Supervisory Authority (Fin-FSA), responsible for regulating Finland’s financial markets, independently announced Friday:  Read more...

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Venezuelan Government Launches Crypto Remittance Service

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Venezuelan Government Launches Cryptocurrency Remittance Service

The government of Venezuela has begun offering a cryptocurrency remittance service. Remittances can be sent using two types of cryptocurrency. The service was launched by the Superintendency of Cryptoassets and Related Activities, the country’s main crypto regulator, which has also set a monthly limit and a commission per transaction.

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval

Government’s Remittance Service

The government of Nicolas Maduro has started offering a cryptocurrency remittance service. The Superintendency of Cryptoassets and Related Activities (Sunacrip), the main regulator of all crypto activities in Venezuela, announced the launch of the service on its Patria platform last week. According to its website:  Read more...

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PR: LendaBit.com Launches Excellent P2P Service for Unverified Borrowers

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LendaBit.com Launches Excellent P2P Service for Unverified Borrowers

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

LendaBit.com, one of the fastest-growing P2P lending platforms, is pleased to announce the launch of a new special service campaign aimed at further loan liberalization for unverified platform users. From now on, all registered platform users are able to take crypto loans up to 300 USDT on a daily basis, where the borrowing fee accounts for 1% – no verification required!  Read more...

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Fidelity’s Bitcoin Custody Service Could Launch This March

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fidelitycustody.jpg

Fidelity Investments, one of the world’s largest asset managers, is breaking into bitcoin custody.

According to a recent report from Bloomberg, three people “with knowledge on the matter” from firms in contact with Fidelity have said that the company is tentatively planning to launch a custody service for bitcoin in March.

This move would fall in line with the company’s recent pushes toward the crypto space. Last October, Fidelity announced the creation of a platform for institutional traders to invest in cryptocurrencies, using over-the-counter trading and cold storage to ensure the security of the various assets.  Read more...

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Ready for Liftoff: Fidelity’s Bitcoin Custody Service is Just Weeks away from Launch

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Big news today from Bloomberg‘s Matthew Leising and Alastair Marsh: “Fidelity Investments is targeting a March launch date for its Bitcoin custody service, according to three people with knowledge of the matter, as the mutual-fund giant moves forward with a plan that could help ease fears of trading cryptocurrencies.” “We are currently serving a select set of eligible clients as we continue to build our initial solutions,” the company said in a statement. Over the next several months, we will thoroughly engage with and prioritize prospective clients based on needs, jurisdiction and other factors. A source familiar with the new  Read more...

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Fidelity Plans to Launch Its Crypto Custody Service in March, Starting With Bitcoin (BTC)

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Financial services giant Fidelity Investments, which manages more than $ 2.6 trillion in client assets, is reportedly targeting a March launch date for its Bitcoin (BTC) custody service. According to a recent report by Bloomberg, which cites three individuals familiar with the matter, Bitcoin custody will be the first of many crypto products made available for large investors like […]
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The New Digital Asset Financial Service, VELIC aims to be FRB in the ICON’s Global DApp Ecosystem

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. VELIC is a security-focused comprehensive financial service platform that delivers wide a range of advanced crypto-financial products and services and plans to provide a multitude of services are not just in commercial banking, but also investment banking service in the digital  Read more...

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Is the Netflix Price Hike Just What Disney’s Streaming Service Needs to Win Market Share?

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By CCN.com: Last week Netflix announced that it was raising subscription fees by between 13% and 18% for all its plans. While the absolute increase varied between $ 1 and $ 2, nearly a quarter of U.S. subscribers who took part in a Streaming Observer online survey indicated that this fee hike was enough to make them

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Why is $1 Billion Bitcoin Giant Bitfury Building a Blockchain Music Service?

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By CCN.com: The Bitfury Group, an early bitcoin mining firm turned global blockchain company based out of London, has announced that it will launch an entertainment division tasked with developing an open-source music platform that runs on blockchain technology. From Mining Bitcoin to Tracking Music IP on a Blockchain Tech companies trying to make waves

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