IT services company TCS announced that it carried out what it defines as the world’s first cross-border securities settlement between two central depositories. Indian IT services company Tata Consultancy Services (TCS) announced on April 10 that it carried out what it defines as the world’s first cross-border securities settlement between two central depositories using the […]
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Bithumb confirmed that troubling market conditions spurred the losses, which come despite 17% sales growth. South Korean cryptocurrency exchange Bithumb had a net loss of 205 billion won ($180 million) in 2018 due to the Bitcoin (BTC) bear market, local English-language daily news outlet Korea Times reported on April 11. Citing data from the exchange’s […]
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Bithumb used a third-party accounting firm to assess its holdings after losing funds to what it suspects was a company insider. South Korean cryptocurrency exchange Bithumb has conducted a professional external audit of its funds after a major hack last month, the company confirmed in a statement on April 11. Bithumb, South Korea’s largest exchange, […]
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A host of crypto industry critics have weighed in on the potential drawbacks of so-dubbed initial exchange offerings. A host of crypto industry critics have weighed in on the potential drawbacks of so-dubbed initial exchange offerings (IEOs) — a crypto exchange-hosted alternative to the original model of an initial coin offering (ICO). Their views were […]
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Coinbase has launched Coinbase Card, which enables its U.K.-based customers to make purchases with cryptocurrency. Major American cryptocurrency exchange Coinbase has launched Coinbase Card, that enables its United Kingdom-based customers to pay in-store and online with cryptocurrency. The development was announced in a blog post published on April 10. The Coinbase Card is a Visa […]
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Bittrex has responded to NYDFS’ denial of the company’s BitLicense application, expressing disappointment and disagreement. United States-based cryptocurrency exchange Bittrex has responded to the New York Department of Financial Services’ (NYDFS) denial of the company’s BitLicense application in a press release published on April 10. Earlier today, NYDFS denied Bittrex’s application for a BitLicense — […]
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The Bermuda Ministry of Finance has approved an ICO for trading company Velocity Ledger Holdings Limited. The Bermuda Ministry of Finance has approved the initial coin offering (ICO) of trading company Velocity Ledger Holdings Limited (VLHL), according to a press release published on April 10. VLHL’s subsidiary VL Financial is now in the application process […]
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Serious money is looking to get into the crypto sector, which could help sustain the current uptrend in digital asset markets. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research […]
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The New York Department of Financial Services has denied Bittrex’s application for a BitLicense. The New York Department of Financial Services (NYDFS) has denied a BitLicense application from the Bittrex cryptocurrency exchange on April 10. In a letter to Bittrex CEO Bill Shihara, NYDFS explained that the exchange had inadequate policies and controls regarding Anti-Money […]
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Minutes of a meeting held last month reveal discord over Bitcoin’s ultimate status for the Japanese regulator. Japanese finance regulator the Financial Services Agency (FSA) no longer wishes to describe Bitcoin (BTC) as a virtual currency, Cointelegraph Japan reported on April 8, quoting minutes of a meeting originally held on March 4. During a plenary […]
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