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On May 17 the Digital Currency Group initiative and Over-the-Counter (OTC) cryptocurrency service, Genesis Global Trading, announced that Genesis was recently granted the New York state Bitlicense. The company that provides OTC solutions to institutional buyers can now operate freely in New York — A territory that many call, ‘the financial capital of the world,’ … Read more
Genesis Global Trading receives the fifth-ever BitLicense, can operate in New York with Bitcoin, Ethereum, and a variety of altcoins Go to Source Powered by WPeMatico
At press time, bitcoin is trading for roughly $8,800. This is a $200 jump from where it stood just 24 hours ago, and investors are receiving a glimmer of hope for the future. The price bump suggests that bitcoin’s power is continuing to grow stronger, and despite a few ups and downs this week, the … Read more
Good news for American bitcoin companies, someone who wants much lighter Bitlicense regulations is in the running to be the next New York attorney general. And in China, a bitcoin mining hardware producer is planning a $1 billion IPO. These stories and much more in today’s edition of Bitcoin in Brief. Also Read: Stripper Explains … Read more
In today’s Bitcoin in Brief we are focusing on some truths that have been uttered recently in regards to the latest attempt by authorities in New York to cross borders, when it comes to crypto controls and regulations. Also, crypto T-shirts, inspired by digital aesthetics, have been put on sale. Do you want to know … Read more
A bill that may turn New York into a friendlier place for crypto entrepreneurs has been introduced in the state’s Assembly. The draft is intended to “safeguard” cryptocurrency business activity and “prohibit” licensing fees. Its sponsors want to replace the costly Bitlicense regulations with a licensing regime based on audits. The aim is to protect … Read more
In response to a comment on Twitter, Square Cash app hints that it is applying for New York’s BitLicense. #NEWS Go to Source Powered by WPeMatico
New investment app from Circle enters majority of US markets. #NEWS Go to Source Powered by WPeMatico
Bitcoin regulation will always remain a very touchy subject among industry experts. Although an official guideline for service providers helps legitimize cryptocurrency as a whole, there are some negative side effects as well. A group of Bitcoin enthusiasts now want to abolish the BitLicense altogether. Can we Abolish the BitLicense? It is safe to say … Read more
South Korea considers introducing a licensing system for crypto exchanges based on NY’s BitLicense. #NEWS Go to Source Powered by WPeMatico