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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
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
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
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
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.
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.
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’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:
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
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:
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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!
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.
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
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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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
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
The post Is the Netflix Price Hike Just What Disney’s Streaming Service Needs to Win Market Share? appeared first on CCN
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
The post Why is $ 1 Billion Bitcoin Giant Bitfury Building a Blockchain Music Service? appeared first on CCN
There is little time left until the launch of Streamity project’s main service. In the run-up to this event Streamity team presented its alpha-version, which is accessible for testing to those people who want to check out service functionalities.
StreamDesk is a decentralized platform for cryptocurrency exchange, which is based on the smart-contract architecture and the API of payment systems. What does it mean to a user?
Mobile service and internet provider Verizon (VZ) has reportedly been developing its own video game streaming service, Verizon Gaming, which is already up and running on the Nvidia Shield set-top box. According to a breaking report by The Verge, Verizon has been recruiting participants for an alpha testing of the new platform, offering them a $ 150 Amazon gift […]
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Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.
"This service will let the customer get an empty lightning channel opened to them from Bitrefill’s node, on the Lightning Network. Now anyone can now pay for, or gift, the ability to have a channel opened to a Lightning wallet in order to receive payments over Lightning at any time," according to a company announcement.
A Pakistani financial institution has rolled out a cross-border remittance service based on blockchain technology developed by Alibaba affiliate, Alipay. Telenor Microfinance Bank and Malaysian fintech firm Valyou have partnered to offer the service to that will operate between Malaysia and Pakistan. The service is expected to enhance the efficiency and speed of remittances from
The post Pakistan’s First Blockchain-Based Remittance Service Launched Using Alipay’s Technology appeared first on CCN
Retail giant Amazon (AMZN) is reportedly planning on launching its own video game streaming service, adding to its growing portfolio of gaming offerings that already includes the popular social streaming platform Twitch. According to a recent report by The Information, individuals familiar with the matter have revealed that Amazon is currently in talks with publishers […]
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