German Fintechs Rush to Offer Crypto Custody Services Under New Law

Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will focus exclusively on the niche. The new entity and another German startup, Finoa from Potsdam, are planning to apply for new crypto custody licenses. Also read: Skrill Now Lets You Swap BTC for BCH Solaris Digital Assets to Apply for Bafin License As an important partner of…

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Croatian Post Launches Crypto Exchange Service at 55 Branches

Croatian Post, the biggest provider of postal services in the Republic of Croatia, is now offering a cryptocurrency exchange service at 55 post offices throughout the country. Currently, five cryptocurrencies are supported. This follows a successful implementation and positive results of a pilot program at a few branches. The Post found interest in this service and plans to offer additional crypto services in the future. Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency 55 Croatian Post Branches Can Exchange Crypto Croatian Post announced on Wednesday…

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Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China

As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China. Also Read: Bakkt Launches Bitcoin Options in US, Futures in Asia China Captures 65% of BTC’s Processing Power, Province of Sichuan Commands 54% With crypto market prices seemingly in a slump, one would think that BTC…

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Croatian Post Now Offers Crypto Exchange Service at 55 Branches

Croatian Post, the biggest provider of postal services in the Republic of Croatia, is now offering a cryptocurrency exchange service at 55 post offices throughout the country. Currently, five cryptocurrencies are supported. This follows a successful implementation and positive results of a pilot program at a few branches. The Post found interest in this service and plans to offer additional crypto services in the future. Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency 55 Croatian Post Branches Can Exchange Crypto Croatian Post announced on Wednesday…

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NY Regulator Proposes New Coin Listing Requirements

The New York State Department of Financial Services, the Bitlicense regulator, has published a proposed framework for licensed companies seeking to list new coins. This is the first time the regulator has proposed changes to its crypto regulation in five years. Among the changes, licensees will be able to self-certify the compliance of their new coins without having to obtain prior approval from the regulator. Also read: SEC Approves Bitcoin Futures Fund First Regulatory Changes in 5 Years The New York State Department of Financial Services (DFS) published “proposed guidance…

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15 Million Debit Cards Exposed as Iranian Banks Fall Victim to Cyber Warfare

The private details of 15 million bank debit cards in Iran have been published on Telegram in the largest banking security incident in the country’s history. Iranian authorities so far try to blame the breach on common criminals but cyber security experts suspect it was the work of intelligence agencies from the U.S. or Israel. Also Read: Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin Millions of Iranians’ Cards Exposed on Telegram As if people needed another reason to get away from…

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NY Regulator Proposes Relaxing New Coin Listing Requirements

The New York State Department of Financial Services, the Bitlicense regulator, has published a proposed framework for licensed companies seeking to list new coins. This is the first time the regulator has proposed changes to its crypto regulation in five years. Among the changes, licensees will be able to self-certify the compliance of their new coins without having to obtain prior approval from the regulator. Also read: SEC Approves Bitcoin Futures Fund First Regulatory Changes in 5 Years The New York State Department of Financial Services (DFS) published “proposed guidance…

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IDEG Reports Launch of New Bitcoin Trusts in Asia With Coinbase as Custodian

According to a recent press release from IDEG Investment Limited, “Asia’s First Bitcoin Trusts” have been launched “as a traditional and comfortable way for ‘old money’ to invest in digital assets.” The two trusts, Asia Bitcoin Trust I and Atlas Mining Trust I, reportedly allow for investors to gain wrapped exposure to bitcoin and to participate in mining profit sharing, respectively. The total size of the trusts, according to IDEG, stands at $200 million, with Coinbase Custody acting as custodian for both. Also Read: Bakkt Launches Bitcoin Options in US,…

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China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan

China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. And it’s backfiring. Inflation of the yuan just rose to its highest level since January 2012 and is projected to increase even further, to 4.7% by January. This is happening while Chinese state banks and corporations prepare to trial a digital version of the national fiat.…

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SLP Token Market Cap Surpasses $50 Million

For over a year now, the Simple Ledger Protocol (SLP) token universe has grown quite vast. There are now more than 6,000 SLP tokens in existence and a number of SLP tokens have seen price discovery. Moreover, tokens listed on our SLP market capitalization aggregator show in the last two months SLP valuations have doubled. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange Data Shows SLP Token Market Cap Doubled in Value Since August 2018, the Simple Ledger Protocol (SLP) ecosystem has continued to grow relentlessly and there…

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