06 February, 2019 11:53
HBUS announces USD support in cooperation with Prime Trust
US branch of Huobi Group, HBUS has entered into an agreement with Nevada-based financial company Prime Trust to launch support of fiat-crypto trading services. HBUS is about to expand trading with bitcoin, Ethereum, Tether USD against US dollar. The company also expressed intentions to add more cryptocurrencies in the long run. HBUS customer willing to trade fiat-crypto will have to open a Prime Trust custodial account.
05 February, 2019 17:24
Coinbase: EU users can now enjoy PayPal withdrawal service
US-based Coinbase has announced the launch of withdrawal services for the EU residents, which may enable them to get fiats via PayPal. It added PayPal withdrawals for customers in the USA in January 2019. For now, it is going to add support for both the EU and European Free Trade Association users. The company is reportedly working on diversifying its crypto and fiat services.
05 February, 2019 16:19
Blockstream rolls out tool to check crypto platform solvency
Blockstream that develops solutions for the Bitcoin ecosystem designed a new instrument Proof of Reserves. It will enable exchanges to confirm that they have enough funds in the major cryptocurrencies. The solution is said to be initially created for the Liquid sidechain to show third-party auditors whether its users have L-BTC or not. The data provided by the tool can be used by external auditors to confirm that an exchange is a solvent.
05 February, 2019 15:11
Mt Gox case: Trustee probably sells coins via BitPoint platform
The trustee of the well-known dead exchange Mt. Gox might have used BitPoint to process large amounts of Bitcoin and Bitcoin Cash. A group representing the interests of affected creditors cites the copies of the corresponding documents from the district court of Tokyo. It becomes clear that the company trustee Nobuaki Kobayashi sold around $318 million of cryptos in order to refund former clients of Mt. Gox. The reason for transferring billions of yen to the trustee’s bank account is the fact that the exchange was probably selected to sell Mt. Gox’s coins.
05 February, 2019 13:47
Facebook expands its blockchain team with Chainspace members
Facebook has announced its first move in the blockchain-related business. The Chainspace project from the University College London will become a part of the Facebook team. The global social network Facebook has reportedly hired some members of the project that deals with the development of decentralised smart contracts systems for payments within the blockchain. The project uses sharding in order to facilitate the scaling issue hurting all blockchains.
05 February, 2019 12:04
New crypto rules come into force in Venezuela
Venezuela has reportedly launched new regulation for the local crypto industry, including such service providers as exchanges and cryptocurrency miners. The new rules were approved by the authorities and became effective in January. The new rules called the "Constituent Decree on the Integral System of Crypto Assets" appeared in an official gazette published by the Ministry of Popular Power for Communication and Information last week. All companies that are connected with cryptocurrencies have to work within a new legal framework which requires the registration with Venezuela's superintendency of crypto-related activities called Sunacrip
05 February, 2019 11:19
Kraken expands business with acquisition of Crypto Facilities
US crypto exchange Kraken has reportedly acquired regulated crypto futures startup Crypto Facilities. The transaction value is rumoured to be about $100 million. According to the released report, this acquisition is likely to help Kraken make crypto futures available to its customers. Crypto Facilities is a regulated futures trading platform. The company entered the market back in 2014 and is registered with the UK Financial Conduct Authority (FCA). The deal is considered as the largest acquisition made by Kraken by now and one of the largest purchases in the industry at all.
04 February, 2019 16:56
Paraguay to host JV mining operations of Bitfury and Commons Foundation
Crypto mining solution provider Bitfury Group announced cooperation with Commons Foundation, a South Korean research and development firm to launch bitcoin mining operations in Paraguay. According to the partnership agreement, Bitfury is aiming at establishing some mining centres in the country. Besides, it is going to use its BlockBox AC devices for it. The power will be sourced from the local grid via the hydroelectric power plants Itaipu and Yacyreta. The authorities are striving to make the country one of the leading global mining centres making use of cheap green electricity.
04 February, 2019 15:08
QuadrigaCX saga: court hearing confirms debt of $190 million
The Canadian problem cryptocurrency exchange – QuadrigaCX – reportedly has to refund its clients some CAD 250 million ($190 million). At the same time, the company management is still unable to access the money. During the hearing at the Nova Scotia Supreme Court on January 31, the widow of exchange's CEO Gerald Cotten Jennifer Robertson confirmed that the stated sum was a real debt to platform's clients. Some crypto users call Kraken exchange to acquire the Canadian bad asset.
04 February, 2019 13:52
Crypto bill reads: Wyoming to consider cryptocurrencies as money from March
On January 31 the authorities of the US State of Wyoming reportedly approved the bill under which the cryptos might be considered as money in the state. All digital assets are classified as "digital consumer assets, digital securities and virtual currencies" with detailed description for each of them. Crypto assets that fall under one of these categories will be considered as intangible personal property, like fiats. The new bill will come into force beginning from March 1.
04 February, 2019 12:21
SEC looks for opportunity to analyze crypto blockchain data
The US Securities and Exchange Commission (SEC) is looking for sources that can provide it with the opportunity to analyze blockchain data of major cryptocurrencies. SEC is planning to refine and normalize the obtained data in order to bolster efforts to monitor risks, improve legal compliance and gather information to regulate the digital assets industry. Applications are accepted until February 14.
04 February, 2019 11:30
Positive labour market reports support US dollar, US Fed officials to make speech this week
The US dollar stays generally positive at the start of the week. Traders expect some US Fed officials to make statements this week. The US Dollar index improved to some 95.420. At present, the US dollar is getting support from a strong labour report in the USA. Specifically, the figures were above the expected level with new jobs reaching 304,000. For reference, the forecast was set at 165,000. China's financial markets have gone for the Lunar New Year this week.