BitMEX is reportedly in trouble. Does the CFTC’s investigation have a negative impact on the crypto market? Some analysts think it doesn’t. Seychelles-based cryptocurrency exchange BitMEX is reportedly in trouble. Soon after Nouriel Roubini, a New York University professor of economics and anti-cryptocurrency pundit, criticized BitMEX of violating regulations, it was reported on July 19 […]
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Bitcoin outflows on BitMEX exceeded inflows by $73 million after the exchange was reported to be investigated by the CFTC. Bitcoin (BTC) outflows on major crypto exchange BitMEX have notably exceeded the inflows after the firm was reported to be a subject in a regulatory investigation. Bitcoin outflows on BitMEX exceeded inflows by $73 million […]
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McDonald’s, Nestlé and Virgin Media joined a blockchain pilot seeking to increase transparency in advertising online. McDonald’s, Nestlé and Virgin Media have joined a new blockchain pilot seeking to increase transparency in advertising online. Developed by the Joint Industry Committee for Web Standards (Jicwebs) — a British United digital ad trading standards body — the […]
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Cadence, a Coinbase-backed alternative investment provider, launched a blockchain-based investment platform for debt. Cadence, an American blockchain-based alternative investment provider, has launched an investment platform for debt, according to a press release on July 10. By launching its private credit investment platform, Cadence aims to bring more transparency and efficiency to the asset class in […]
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U.S.-based bank The Provident Bank has begun offering deposit services to digital currency-related customers. American community bank The Provident Bank has begun offering deposit services to digital currency-related customers, according to an announcement published on July 9. The Provident Bank now offers deposit and other banking services to cryptocurrency issuers, exchangers and investors. The bank […]
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Major United States-based cryptocurrency exchange Coinbase is reportedly looking to launch a captive insurance company. United States’ biggest cryptocurrency exchange, Coinbase, is reportedly looking to launch a captive insurance company, industry news outlet Coindesk reports on July 10. Per the report, industry sources told the outlet that Coinbase is looking to launch its captive insurance […]
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A political and financial shake-up can act as a catalyst for lawmakers to embrace bitcoin, says Nigel Green. The CEO of financial advisory giant deVere Group said positive cryptocurrency regulation should form a central part of the post-Brexit United Kingdom. Nigel Green made the comments in an interview with fintech news outlet Verdict on July […]
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Scottish beer brewery BrewDog is allowing investors to buy shares with crypto, extending its crowdfunding until April 2020. Scottish craft beer brewery BrewDog has extended its latest crowdfunding to allow investors to buy shares in the form of cryptocurrency, the company tweeted on July 4. BrewDog’s crowdfunding project, so-called “Equity for Punks” now accepts ten […]
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Argento and LBX say their regulated product is unique in not involving fiat at any stage. Two European companies have launched what they describe as the world’s first genuine bitcoin (BTC) bond, they confirmed in a joint press release on July 3. Luxembourg-based Argento, a securitization firm, joined forces with London Block Exchange (LBX) to […]
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The Financial Conduct Authority is planning a ban on crypto derivative products for retail investors. British financial watchdog, the Financial Conduct Authority (FCA), is preparing a potential ban on the sale of crypto derivatives to retail investors, according to an official document released on July 1. In the document, titled “Restricting contract for difference products […]
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