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Coinsquare to Launch IPO on TSX — Hopes to Compete With Coinbase

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This week the well known Canadian digital asset exchange, Coinsquare announced its plans to launch an initial public offering (IPO) hoping to raise $150 million CAD ($120Mn USD). Coinsquare hopes the funding will help the platform be a direct competitor with cryptocurrency brokerage services like Coinbase and other U.S. based exchanges. Also read: Russia Finalizes Federal Law … Read more

Most Cryptocurrencies Are More Centralized Than You Think

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The whole point of cryptocurrencies is that they’re decentralized. Peer-to-peer cash; trustless exchange; bypassing intermediaries. So why are numerous cryptocurrencies structured more like central banks? From adjusting wallet balances to controlling nodes, many crypto projects behave just like the financial institutions they were meant to replace. Throw in the cult of a strong leader, and … Read more

Bitgo Snaps Up Kingdom Trust, Paving the Way for Custodial Cryptocurrency Offerings

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Bitcoin payment specialists Bitgo have announced the acquisition of Kingdom Trust, an investment firm with custody of over $12 billion in assets. The move will enable the South Dakota-based Kingdom Trust Company to offer custodial cryptocurrencies such as bitcoin, ripple, and ethereum to its investors. This will make it easier for traditional investors to enter … Read more

Coincheck Halts Operations Amidst Hacking Rumors After $723 Million Withdrawn

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One of Japan’s largest cryptocurrency exchanges has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26. This was followed by a single withdrawal of 500 million NEM, with the altcoin’s foundation president Lon Wong then tweeting “It’s unfortunate that coincheck got hacked. … Read more

FX Platform Integral Now Covers Bitcoin, BCH and a Dozen More Cryptocurrencies

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As more FX traders are demanding access to the hottest market these days, all banks and brokers will have to respond sooner rather than later to keep their clients. Institutional technology providers are seeing this unfold and are starting to lay the groundwork for a new financial order. Also Read: Oil Company Wants to Sell Bitcoin … Read more