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Robinhood Reportedly Considering Formal Banking Services

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Robinhood Reportedly Considering Formal Banking Services

Unnamed sources suggest popular free crypto and stock trading application (app), Robinhood, is negotiating with US regulators about prospects for it becoming a bank, complete with traditional services such as savings accounts. It’s still early going, and very preliminary, but such an arrangement could well be the future of banking.

Also read: Bitcoin More Influential in US Politics Than Ever

Robinhood Looking to Provide Banking Services

By all accounts it has been a skyrocketing year for the smartphone trading app Robinhood Markets, Inc. out of Menlo Park, California. Success appears to have emboldened the scrappy firm, according to Bloomberg.Robinhood Reportedly Considering Formal Banking Services  Read more...

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Cryptocurrency Exchange Hitbtc Suspends Services in Japan

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Cryptocurrency Exchange Hitbtc Suspends Services in Japan

Hitbtc has suspended its services for Japanese residents to avoid any trouble with the country’s financial regulator since it is not authorized to operate in Japan. Users with Japanese IP addresses will be asked to provide their residency information within the exchange’s know-your-customer (KYC) procedure to prove they are not residents of Japan.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Suspending Services in Japan

Cryptocurrency Exchange Hitbtc Suspends Services in JapanHitbtc, the world’s eighth largest crypto exchange according to Coinmarketcap, has announced a service suspension for Japanese residents.  Read more...

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BitBay Migrates to Malta to Continue Offering Cryptocurrency Exchange Services

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TheMerkle BitBay Moves to malta

Various cryptocurrency companies have made the move to Europe in the past few months. This is not entirely surprising, as Europe has a relatively open mind when it comes to cryptocurrencies and blockchains. BitBay, the Polish exchange, is now moving to Malta.

Another Company Moves to Malta

It has become apparent that Malta is the go-to place to set up a cryptocurrency company office. Various firms have made the move in the past few months, and it seems this momentum will not be slowing down anytime soon. That is a positive trend, as Europe has been far too quiet on the cryptocurrency front over the past few years.  Read more...

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India’s Supreme Court Keeps Ban on Banks’ Crypto Services, For Now

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India’s Supreme Court Keeps Ban on Banks’ Crypto Services, For Now

According to a team of Indian lawyers, the Supreme Court of India refused request for a temporary injunction against restrictions imposed on banks regarding cryptocurrency by the country’s central bank. The Reserve Bank of India (RBI) issued a circular essentially banning crypto services, which will remain in place at least until a formal hearing.

Also read: Bitcoin’s Anonymous $ 55 Million Pineapple Fund Gives Final Donation  Read more...

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The Myth of Free Services

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Free or not-so-free: that is the question. In days gone by, the cost of a product or a service was exactly what it said on the price tag. $ 1.99 for a quarter-pounder, 23 cents for an apple or $ 10 for a car wash. However, as we move further into an increasingly digital economy, this is no longer the case. Instead of paying an agreed amount for an item, users are, knowingly or unknowingly, also paying with their personal data.  Read more...

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Blockchain Startup ETHMS is Implementing Ethereum Technology to Bring Cross-Border Services into the Digital Age

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March 10, 2018 Singapore – Tech startup ETHMS has announced its intention to implement blockchain technology through its ERC-20-based token to revolutionize the cross-border services market. The company is building an infrastructure based on ethereum technology to bring general services, contractual agreements and specifically cross-border services into the digital realm.

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The cryptocurrency market has had a banner year thanks to the meteoric rise in bitcoin prices and the huge popularity of initial coin offerings as a new way of fundraising. Many people are buying into new digital tokens with the assumption that those virtual currencies will appreciate over time at levels similar to Bitcoin, or its rival Ether. Market watchers have stated they expect more dramatic movements in the cryptocurrency market in 2018.  Read more...

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Finnish Crypto Services Provider Prasos Loses 4 of 5 Banking Partners

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Finnish Crypto Services Provider Prasos Loses 4 of 5 Banking Partners

Finnish bitcoin services provider, Prasos, has lost all but one of its banking partners. Prasos’ chief executive officer recently revealed that four Finnish banks have terminated services with the company, leaving Prasos reliant on a single bank.

Also Read: Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud

Finnish Banks Terminate Services With Prasos

Finnish Crypto Services Provider Prasos Loses 4 of 5 Banking PartnersAccording to the company’s website, Prasos provides its customers with a number of cryptocurrency-related services, including facilitating the purchase and sale of bitcoin. After losing the services of S-Bank, the OP Group, Saastopankki and Nordea Bank AB, the company now relies on a single banking institution in order to maintain operations.  Read more...

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ValueCash Launches ICO Backed By Decentralized & Self-Governing Blockchain That Allows Users To Earn Tokens While Using Crypto To Pay For Goods & Services

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Many credit card companies offer the moon to consumers such as free gifts or reward spending programs, but those perks seemed to be missing in the world of Cryptocurrency, that is, until now. ValueCash is the first Cryptocurrency exchange ecosystem that rewards its users’ earnings and spending.

Los Angeles, CA – Feb 16th, 2018, ValueCash announced this week that they will be launching an Initial Coin Offering that is sure to stir up the competition in the world of cryptocurrency trading. ValueCash is a decentralized cryptocurrency and exchange where its token holders can make payments for goods and services while simultaneously earning new ValueCash through their purchase and acceptance. ValueCash is doing something never done before by offering rewards based on spending and other ICO’s are taking notice.  Read more...

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Propy Partners with South Burlington, Vermont, to Implement Blockchain-based Services

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The blockchain-based real estate platform, Propy, is collaborating with the city of South Burlington, Vermont, to streamline their real estate record-keeping process.

Even though blockchain may be most well known for being the supporting technology of cryptocurrencies, it can be used in most industries, especially those that rely heavily on recording data.

According to Cision, Propy, a blockchain-based property platform, is partnering up with the City Clerk’s Office of South Burlington in Vermont to test out the viability of using the technology to record real estate conveyance documents.

Propy collaboration with South Burlington, Vermont  Read more...

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