Cash Tech News

Exchanges outdo auctions for governments cashing in criminal crypto, says exec

November 27, 2020cashtechnews

Governments are increasingly liquidating crypto assets seized in criminal investigations. Earlier this week, Lithuania’s tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations. The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In doing so, the […]

Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC

November 26, 2020cashtechnews

Bitcoin price fell short of reaching $20,000, but record high open interest on BTC futures shows pros are still bullish. Bitcoin (BTC) price failed to blast through the $20,000 level this week but multiple records related to volume and open interest were made on the way up to $19,484. One notable achievement was the open […]

Australian government embraces blockchain with new trial and public servants’ network

November 25, 2020cashtechnews

Following the launch of a nationwide APS blockchain network for federal, state, and local staff, Australia has launched an international blockchain trial with Singapore. The Australian government is trialing the use of blockchain technology for inter-government document exchanges with Singapore as the latest action in a series of pro-blockchain efforts. It follows hot on the […]

Coinsquare exchange adds new board members

November 25, 2020cashtechnews

The additions to the board follow the confirmation of a new CEO, CCO, and COO in August. Coinsquare, a crypto exchange that has been under the scrutiny of Canadian regulators following allegations of wash trading, said it will be adding two new members to its board of directors. In a Nov. 25 announcement, the exchange […]

PayPal suspends user for crypto trading using PayPal’s own service

November 25, 2020cashtechnews

The user’s funds are reportedly under a 180-day hold. A PayPal user reports their account has been restricted after they traded crypto too frequently using the platform. According to U.S.-based Reddit user TheCoolDoc, PayPal sent them a message stating that it had permanently limited their account “due to potential risk.” The user said they had […]

US intelligence is looking at Chinese CBDC as a national security threat

November 25, 2020cashtechnews

The Director of National Intelligence wants to have the SEC’s leader briefed on the dangers of the U.S. falling behind in crypto. The U.S. national security apparatus is warning other agencies about China’s coming digital currency. On Wednesday, news outlet the Washington Examiner reported on a letter that National Intelligence Director John Ratcliffe had send […]

RSK-based DeFi protocol launches innovative decentralized exchange concept

November 25, 2020cashtechnews

Money on Chain is taking cues from gold market pricing for its DEX. DeFi protocol Money on Chain, a lending platform and stablecoin issuer based on Bitcoin (BTC) sidechain RSK, announced Wednesday the launch of TEX, an automated token swap platform based on an order book — with a unique twist. Instead of being available […]

Coinbase Pro will disable margin trading starting tomorrow

November 24, 2020cashtechnews

The exchange said the move was in response to “new guidance from the Commodity Futures Trading Commission.” U.S. crypto exchange Coinbase Pro announced today that customers would not be able to use margin trading on the platform beginning on Wednesday. According to the Coinbase blog, Chief Legal Officer Paul Grewal said that no new margin […]

CNBC’s Ran Neuner launches world’s first 24/7 crypto call-in station

November 24, 2020cashtechnews

CryptoBanter is the first cryptocurrency-centric media outlet available 24/7. The world’s first live-streaming platform dedicated to cryptocurrency is going live just in time for the 2021 bull market. Ran Neuner, host of CNBC’s Crypto Trader show, has launched the first call-in media channel devoted exclusively to cryptocurrency. Dubbed CryptoBanter, the station features a blend of […]

Japanese financial giant SBI debuts Bitcoin lending service

November 24, 2020cashtechnews

SBI plans to add support for Ether and XRP lending in the near future. Japanese financial giant SBI Group is introducing a cryptocurrency lending service through its crypto-related subsidiary, SBI VC Trade. According to an official announcement on Nov. 24, the new crypto lending platform will allow users to lend their crypto to SBI and […]