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SEC Launches FinHub – A Fintech Portal to Help Blockchain Startups

SEC Finhub

US regulator the Securities and Exchange Commission (SEC) has launched its dedicated fintech “strategic hub,” commissioner Hester Peirce confirmed October 18. FinHub ‘Here For Fintech’ The platform, known as FinHub, brings together multiple aspects of US regulation with the aim of guiding the nascent financial technology industry as it grows. “Finally FinHub is here for FinTech,” Peirce wrote on Twitter in a move which was well-received by cryptocurrency users. Finally FinHub is here for FinTech

The post SEC Launches FinHub – A Fintech Portal to Help Blockchain Startups appeared first on Bitcoinist.com.

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

The post Binance, Poloniex, Huobi All Own More Tether Than Bitfinex appeared first on Bitcoinist.com.

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.

Catalan Independence Leaders Reportedly Asking For Bitcoin Donations

Catalan catalonia

Catalan politician Carles Puigdemont is reportedly asking for donations in Bitcoin to avoid scrutiny. Funding is said to be going to assist those who have left the region after the Spanish government cracked down on an independence push. The former President of Catalonia, Carles Puigdemont, is now reportedly asking for Bitcoin donations so it will be harder to trace financial flows to and from exiled Catalan leadership. The news outlet said the “request to make

How the Electric Vehicle Industry Could Drive Cryptocurrency Forward

tesla electric vehicle

Bitcoin’s technology combined with the power of the Internet of Things and artificial intelligence are intersecting with self-driving vehicles. And they are confronting a common problem: Talent shortage. In this regard, the experience gained by the electric vehicle industry might help. Limited Talent A Korn Ferry Institute study concludes that a major world crisis is imminent, because, by 2030, demand for skilled workers will outstrip supply, resulting in a global talent shortage of more than

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World’s Largest Security Firm Now Offers a Cold Storage Vault for Crypto Investors

The World's Largest Security Firm Now Offers a Cold Storage Vault for Crypto Investors

G4S, a multinational security firm, has jumped on the crypto-custodian bandwagon by offering to secure clients’ digital assets in a cold storage vault. Have No Fear, G4S Is Here The world’s largest security firm aspires to apply their expertise by safeguarding clients’ digital assets. Currently, the London-based multinational firm provides security for clients in over 90 countries. The firm is reported to already be offering clients a secure method to store digital currencies. A recent

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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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Civil Refunds its ICO Investors in Token Sale Failure

The Civil Media Company’s ambitious plan to sell $8 million worth of its cryptocurrency token CVL, and fund a decentralized platform for new journalism, has failed for now. Many investors were skeptical of Civil’s vision, and they were proven right when Civil announced on Tuesday it will refund its investors. Civil’s hyped initial coin offering (ICO) failed to attract enough interest. Civil announced it will give refunds to all CVL token buyers by October 29th. What

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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.

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