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Posts published in “Bitcoin Businesses”

Binance, Poloniex, Huobi All Own More Tether Than Bitfinex

Cryptocurrency exchange Bitfinex now controls a “very small amount” of stablecoin Tether (USDT), new data shows following a shake-up of ownership. Bitfinex Sixth-Largest USDT Holder Produced by Element Group and uploaded to Twitter by CNBC commentator Ran Neuner October 18, statistics depicting the biggest USDT holders reveal Bitfinex, which shares a CEO with Tether’s issuer, now only ranks sixth on the list. The Tether Treasury currently constitutes the entity with the single largest holdings, followed

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Nordea in Money Laundering Scandal After Calling Bitcoin ‘High-Risk’ for Money Laundering

Nordic banking giant Nordea Bank is allegedly implicated in a multi-million money laundering scandal. Reportedly, the case is related to another recent money laundering scheme involving Denmark’s Danske Bank. Nordea in Hot Water  Banking giant Nordea Bank, headquartered in Helsinki, is alleged to have accepted criminally-sourced funds from banks located in Lithuania and Estonia. The giant confirmed that it’s aware of the report on Tuesday October 16th: We are aware of the report, and at

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Cryptocurrency Loans Go Big As Company Reveals $550M Half-Year Traffic

The cryptocurrency loans offshoot of just one firm saw through-flow of over half a billion dollars in its first six months on the market. ‘Incredibly Strong Reception’ That’s according to third quarter statistics released October 18th by Genesis Capital, a US-based over-the-counter trading firm. In March of this year, Genesis began offering cryptocurrency loans to institutional investors. Upon release, executives said, the product saw an “incredibly strong reception” from hedge funds, trading arbitrage firms. Regarding

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ZebPay Leaves India for Malta After Regulations Crippled Its Business

Zebpay, once India’s biggest Bitcoin payment processor, has announced its move to Malta after its business was ‘crippled’ due to unfavorable laws and regulations. Lack of Banking Support ‘Crippled’ Our Business According to Quartz India, the Singapore-based Zebpay has set up operations in Malta. The platform was once one of the most prominent in India, processing half of all cryptocurrency exchange transactions in the country. However, last month, the exchange announced the cessation of its

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Goldman Sachs and Mike Novogratz Invest in Cryptocurrency Startup BitGo

Goldman Sachs logo

BitGo, a company which provides institutional-grade investors with compliance, security, and custodial solutions for cryptocurrencies has closed its Series B funding round bringing in $58.5 million. Goldman Sachs and Novogratz’ Galaxy Digital Ventures LLC contributed with $15 million of said amount. Investing in a $1 Trillion Cryptocurrency Wallet In an official release from today, BitGo disclosed that it has successfully finalized its Series B funding round, bringing in a total amount of $58.8 million USD.

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Only 40% Are Passing Malta’s Cryptocurrency Certification Exam

Malta has signaled teething problems in its quest to become a “Blockchain Island” after it emerged less than 40 percent of professionals passed the government’s cryptocurrency certification exam. ‘Not Sufficiently Prepared’ As local news outlet Times of Malta reports October 18, regulator the Malta Financial Services Authority (MFSA) had to fail more than 6 out of every 10 applicants seeking to become certified “cryptocurrency agents.” 250 lawyers, auditors and accountants have sat the exam so

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‘Yes, You’ Need a Bitcoin Hardware Wallet: Ledger Reveals 1.3 Million Units Sold

U.S State of Nevada’s Most Popular Purchase is the Ledger Crypto Hardware Wallet

Cryptocurrency hardware wallet manufacturer Ledger has sold over 1.3 million units as of this month, the company revealed in a blog post October 10. Wallet Manufacturers Target The Millions Discussing whether or not cryptocurrency investors “need” hardware wallets, CEO Eric Larchevêque disclosed the figure, which potentially makes Ledger the biggest-selling hardware wallet on the market. Competition in the sector remains limited to a handful of manufacturers, with other well-known names such as TREZOR and KeepKey

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Coinbase Gets Backlash for Listing ‘Highly Experimental’ ZRX

coinbase ZRX 0x

Controversy is returning to Coinbase this week after the exchange rolled out support for “highly experimental” altcoin 0x (ZRX) across its product line October 16. Why ZRX? Having initially added ZRX trading to its Coinbase Pro platform last week, Coinbase lost little time in doing the same for its regular Coinbase.com and mobile apps. The previously low profile of 0x, together with the ownership ties between its partner Paradex and Coinbase, have already led to

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Overstock’s tZero Issues SEC-Complaint Security Tokens

nasdaq overstock tzero

tZero announced it has issued its preferred tZero security tokens, sold during the Security Token Offering (STO) earlier this year. The company raised $134 million from investors worldwide during the months-long STO. ICO to STO The offering launched as a more typical pre-sale ICO towards the end of last year. This became the second stage STO in March, after review by the Securities and Exchange Commission (SEC). tZero raised $134 million from investors worldwide over the

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Bitfinex Reopens Deposits But Stays Silent About Bank Arrangements

bahamas bank bitfinex

Cryptocurrency exchange Bitfinex confirmed it has reopened fiat currency deposits for all users October 16th, while remaining secretive about changes in its banking relationships. ‘New, Improved And Increasingly Resilient’ In a blog post, the exchange, which on Thursday began restricting deposits for certain users, said it had finished implementing what it described as “a new, improved and increasingly resilient fiat depositing system.” “This new process will once again allow KYC-verified users from around the world

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