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British-based digital bank Revolut has applied for financial licenses in two European Union member states, Lithuania and Luxemburg, in the light of risks associated with Brexit. We’ve covered its progress in The Daily. Also in the rubric on Wednesday, Estonian startup introduces multi-currency wallet supporting BCH, Binance increases the market supply of its BNB coin, … Read more
Coinbase, a traditionally timid exchange when it comes to listing cryptocurrencies, has dramatically changed its stance. The California-headquartered firm has now opened its doors to applications from altcoins. Assets deemed suitably robust and eligible for its listing criteria are likely to feature on Coinbase in the near future. Also read: Coinbase Custody is Eyeing Some Odd … Read more
Cody Wilson, founder and Director of Defense Distributed (DD) has resigned, according to a press conference held Tuesday, September 25th in Austin, Texas. Paloma Heindorff, an operations executive with the company for three years, has been named Director. Mr. Wilson tendered his formal resignation Friday, September 21st in the wake of criminal allegations and charges … Read more
This week the firm Squire Mining, a company that plans to offer next-generation 10nm ASIC chips, has revealed it is working with Samsung Electronics as its foundry partner. With help from Samsung’s foundry, Squire, and a company called Gaonchips, plan to complete its ASIC chip FPGA prototype by September 30, 2018. Also read: Ebang Announces 44 … Read more
The members of crypto-related Telegram channels have increased in number since the messenger was banned by a Moscow court in April, according to a study covering the top 50 Russian language groups. Despite a decrease in the views of published posts during the summer months, the readership of all examined groups has jumped by 21%, … Read more
European banks have allegedly been complicit as corrupt African leaders pilfer the wealth of their economies in the billions of dollars. The Angolan government on Monday arrested the son of ex-president Jose dos Santos for stealing $500 million from the country’s sovereign wealth fund, with the help of a British bank. It is only a … Read more
In recent cryptocurrency surveys, a poll of 100,000 Chinese citizens has found that 3% have invested in cryptocurrencies, and a survey conducted by Circle has found that a quarter of millennials would like to invest in crypto assets in the next 12 months. In addition, a survey by UK-based Rathbone Investment Management has found that … Read more
Mt Gox has published an announcement that its civil rehabilitation and bankruptcy trustee, Nobuaki Kobayashi, has liquidated 25,331 BCH and 24,658 BTC. The trustee is now working on “the preparation of a rehabilitation plan” to repay monetary claims against the defunct exchange. Also Read: Bitcoin Enters the Scrabble Lexicon Mt Gox Publishes Update on Bankruptcy Proceedings The … Read more
Justin Wales and Arnaldo Rego, lawyers at Carlton Fields, have surveyed all 50 states in the US, looking for clarity on money transmitting laws as they relate to cryptocurrencies. As adoption and general usage increases, states appear to be failing to keep up, leaving many enthusiasts to wonder if they’re committing a crime. Also read: … Read more
To its holders, bitcoin is immensely valuable. Except, that is, for holders of the seven tiles required to spell ‘bitcoin’ on the Scrabble board. The word, which has now been added to the official Scrabble dictionary, is worth a mere 11 points. The significance of its inclusion to Bitcoin proponents, however, is notably greater. Also … Read more