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Huobi Unveils New ‘All-in-One’ Stablecoin for Stablecoins (Except Tether)

Cryptocurrency exchange Huobi announced today that it has launched its very own interchangeable stablecoin dubbed HUSD. “All-In-One Stablecoin” Huobi, which is currently the third largest cryptocurrency exchange by means of traded volume according to data from CoinMarketCap, announced the launch of its own stablecoin HUSD. Notes Livio Weng Vice President at Huobi: It’s our great pleasure to announce the launch of HUSD, an all-in-one stablecoin solution. A market first, HUSD lets you deposit or withdraw

The post Huobi Unveils New ‘All-in-One’ Stablecoin for Stablecoins (Except Tether) appeared first on Bitcoinist.com.

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

The post Nordea in Money Laundering Scandal After Calling Bitcoin ‘High-Risk’ for Money Laundering appeared first on Bitcoinist.com.

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

The post Cryptocurrency Loans Go Big As Company Reveals $550M Half-Year Traffic appeared first on Bitcoinist.com.

Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

A recent report by cybersecurity company found that over the past two years cryptocurrency exchanges have lost $882 million to hackers. The report also warns that the trend is likely to increase in the future as hackers direct more of their attention to exchanges. $1.3 Million Lost Every Day Moscow-based cybersecurity company Group-IB has released a report on the hacker attacks against cryptocurrency exchanges in the last two years, indicating that $882 million have been

The post Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds appeared first on Bitcoinist.com.

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

The post ZebPay Leaves India for Malta After Regulations Crippled Its Business appeared first on Bitcoinist.com.

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

The post Only 40% Are Passing Malta’s Cryptocurrency Certification Exam appeared first on Bitcoinist.com.

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

The post Overstock’s tZero Issues SEC-Complaint Security Tokens appeared first on Bitcoinist.com.

Did American Express Get Caught Spreading ‘Anti-Crypto Propaganda’?

amex american express

US multinational financial services corporation American Express (AMEX) has appeared to join the traditional finance entities publicly criticizing cryptocurrency. Energy Usage: Fact Or FUD? As social media users noted October 15, the company recently “promoted” a post by Bloomberg’s TicToc Twitter-based news portal which claimed the cryptocurrency industry “is using more energy than all the world’s electric vehicles.” Beneath the post, which consists of a 100-second video with various figures purporting to compare Bitcoin transactions

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LINE’s Cryptocurrency Exchange Lists Its Own Token for Trading

LINE’s Cryptocurrency Exchange Lists Its Own Token for Trading

The crypto exchange launched by Japan’s largest social network, LINE, announced the listing of its own token LINK (LNK) for trading against Bitcoin, Ethereum, and Tether. LNK Up For Trading on Bitbox Bitbox, the cryptocurrency exchange launched by messaging giant LINE, announced that it will list its very own token for trading against major digital currencies. BITBOX lists LINK. Start trading LINE's official digital token! https://t.co/rnpvdTYXWr#BITBOX #BITBOXExchange #CryptoExchange #LINKonBITBOX #LINK #LN $LN #LINE pic.twitter.com/Yzph1BDj46 — BITBOX

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