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Chinese ASIC-Sellers Hurting As Bitcoin Mining on the Wane in China

cryptoglobe | 12-15-2018

Sales on purpose-built cryptocurrency miners, ASICs, was once a brisk trade in Shenzhen’s (China) Huaqiang North District. But times have changed and wholesalers are hurting, seemingly unable to move product. However, the fall in hashrate seems to have stopped.

Categories: Mining|Asia|BTC
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Tighten that Belt!!

bitcoinist | 12-15-2018

Over the last four years, the European Central Bank has managed to inject  €2.6 trillion into the banking system in order to maintain economic stability.  To be clear, these cash injections have been one of the only things propping up the economy, and even the Governor of the ECB has now admitted that. Now, €2.6 trillion may not sound like a lot of money but we need to consider that this money is then multiplied by the fractional reserve banking systemRead MoreThe post Tighten that Belt!! appeared first on Bitcoinist.com.

Categories: Fiat
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Bahrain’s Central Bank Issues Draft Crypto Regulations

bitcoin.com | 12-14-2018

The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf.   Also read: New Bitcoin […]The post Bahrain’s Central Bank Issues Draft Crypto Regulations appeared first on Bitcoin News.

Categories: Fiat|BTC|Regulation
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BBVA Issues Porsche Corporate Loan Via Blockchain

ethnews.com | 12-14-2018

The bank has used blockchain tech to facilitate various types of corporate loans in the past.

Categories: Blockchain|Technology|Fiat
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Crypto Exchange Binance Expands Its Startup Incubator to New Cities

cryptoglobe | 12-14-2018

Leading cryptocurrency exchange Binance has recently revealed that it’s venture arm Binance Labs will be expanding its startup incubator program to Berlin, Buenos Aires, Lagos, Singapore, and Hong Kong in March of next year.

Categories: Exchange|Asia
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Bahrain Central Bank Publishes Draft Cryptocurrency Regulations

ccn | 12-14-2018

The central bank of Bahrain has kicked off a consultative process on cryptocurrency platforms in the kingdom by publishing the relevant draft regulations. According to the Bahrain News Agency, the draft rules — which target the operations of crypto-asset platforms — aim to provide a regulatory framework for the supervision and licensing of these services.The post Bahrain Central Bank Publishes Draft Cryptocurrency Regulations appeared first on CCN

Categories: Fiat|Regulation
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Op Ed: Bitcoin Is a Declaration of Our Monetary Independence

bitcoinmagazine | 12-14-2018

Nick Spanos is an early adopter and innovator in the blockchain space. He is best known for launching Bitcoin Center NYC, the world’s first live cryptocurrency exchange, in 2013, right next to the New York Stock Exchange — as immortalized in the Netflix documentary “Banking on Bitcoin.” As part of Bitcoin Magazine’s series of interviews and op eds leading up to the 10th Anniversary of Bitcoin, Nick shares his thoughts an early Bitcoin adopter.Before Bitcoin, I worked tirelessly for liberty-minded political candidates for many years. These candidates, the most prominent of whom was Dr. Ron Paul, spoke out against the Federal Reserve Bank because of its role in inflating the money supply which devalued the life savings of hard-working people. In almost every case, the mass media would sharply (and often unfairly) attack the image of the candidate with half-truths and misinformation, decimating our poll numbers, until they were sure that we would be defeated on Election Day. No matter how hard we worked or how much money we raised, we were no match for what I call the political bosses of today, the mainstream media.After two decades of struggle, I thought I had wasted my life fighting unwinnable battles. Then one day, I read the Bitcoin white paper. I read it half a dozen times and I thought, “Finally, I have a weapon that cannot be destroyed on Election Day.”Bitcoin for me is not an instrument for financi...

Categories: BTC|Exchange|Fiat|ICO|Blockchain
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U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

bitcoin.com | 12-14-2018

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients.  Also read: Former Mt. Gox CEO Could Face 10 Years in Jail […]The post U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam appeared first on Bitcoin News.

Categories: Exchange|BTC|Asia|Trading
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Bahrain’s Central Bank Publishes Draft Regulations on Crypto Assets

cointelegraph | 12-14-2018

New crypto regulations, including license requirements for cryptocurrency service providers, have been drafted by Bahrain’s central bank

Categories: Regulation|Fiat|Blockchain
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Do We Really Want To Tokenize Everything? And Can We?

coinnounce | 12-14-2018

Published on CoinnounceOver the last year, there has been considerable discussion over the tokenization of physical assets. That is, having something tangible, like a bar of gold, represented by a token on a blockchain, like Ethereum or Bytom, so that there is an immutable record of ownership of the asset. This asset can then be traded or […]The post Do We Really Want To Tokenize Everything? And Can We? appeared first on Coinnounce.

Categories: ETH|ICO|BTC|Blockchain|Fiat
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CoinShares Exec: China Crypto Plan Could Make Dystopian Future a Reality

newsbtc | 12-14-2018

Bitcoin was designed in the wake of the 2008 global economic crisis as a way to take control over money away from central authorities such as governments, banks, and other traditional systems. The decentralized design could also prevent communist countries like China from establishing control over their citizen’s money. However, the very technology powering crypto...The post CoinShares Exec: China Crypto Plan Could Make Dystopian Future a Reality appeared first on NewsBTC.

Categories: Asia|BTC|Technology
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Major Spanish Bank BBVA Closes €150 Mln Loan With Porsche Holding Using Blockchain

cointelegraph | 12-14-2018

Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria, has closed a €150 million loan using blockchain with Porsche Holdings, the largest car distributor in Europe

Categories: Blockchain|Fiat
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Crypto-Friendly Money App Revolut Wins EU Banking License

coindesk | 12-14-2018

Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank.

Categories: Regulation|Trading|Fiat
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Crypto Platform Revolut Receives Banking License from European Central Bank

cryptoglobe | 12-14-2018

Revolut, a UK-based financial firm that allows users to buy, sell, and store digital currencies such as bitcoin (BTC), XRP, and ethereum (ETH), has announced that it has received a banking license from the European Central Bank. Established in 2015, Revolut has managed to raise $336 million in order to develop its suite of financial products. The new banking license will allow Revolut to provide a broader range of regulated financial services to its clients. According to Revolut’s management team, there is some “behind the scenes” work that needs to be done, before the company can start offering full current accounts, overdraft protection, and various other traditional financial services.

Categories: BTC|ETH|ICO|Fiat|XRP
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Top Crypto Exchange Binance Adds Circle’s USDC to Its Combined Stablecoin Market

cointelegraph | 12-14-2018

Major crypto exchange Binance has added Circle’s USD-pegged stablecoin USD Coin as a quote asset for several new trading pairs in its combined Stablecoin Market

Categories: Exchange|Market|Trading|Altcoin|Fiat
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Alleged World Bank Rumor Might Send XRP Price Upward

themerkle | 12-14-2018

In this world of financial uncertainties, one has to wonder how cryptocurrencies and digital assets will pan out in 2019 and beyond. For XRP, it would seem the downtrend is still in place right now, even though there are some interesting gains in the BTC department. For the time being, the value remains near $0.3, […]The post Alleged World Bank Rumor Might Send XRP Price Upward appeared first on NullTX.

Categories: XRP|Trading|Fiat|BTC
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Bitcoin Cash (BCH) Dead Below $100, More Losses Possible

livebitcoinnews | 12-14-2018

Key Points Bitcoin cash price tumbled heavily below the $150 and $100 support levels against the US Dollar. There is a significant bearish trend line formed with resistance at $110 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair seems to be struggling below $100 and it could decline further...The post Bitcoin Cash (BCH) Dead Below $100, More Losses Possible appeared first on Live Bitcoin News.

Categories: BTC|Trading|Fiat
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Bitcoin Price Watch: BTC Sellers Target Breakdown Below $3,000

newsbtc | 12-14-2018

Key Points Bitcoin price declined further and broke the $3,295 and $3,200 supports against the US Dollar. There was a break below a major contracting triangle with support at $3,355 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price traded to a new weekly low at $3,150 and it is...The post Bitcoin Price Watch: BTC Sellers Target Breakdown Below $3,000 appeared first on NewsBTC.

Categories: BTC|Trading|Market|Fiat
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Venezuela Starts Converting Pensioners’ Payments to Crypto ‘Petro’: Report

ccn | 12-14-2018

The government of Venezuela has reportedly started converting pensioners’ monthly payments from the country’s fiat currency, the bolivar, to its oil-backed cryptocurrency Petro, without giving them a choice. According to the Caracas Chronicles, a politics and economics-focused website based in Venezuela, the country’s pensioners are notified every time their monthly payments arrive, but this timeThe post Venezuela Starts Converting Pensioners’ Payments to Crypto ‘Petro’: Report appeared first on CCN

Categories: Fiat|Commodity
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Bitcoin Price Drops to New Yearly Low at $3,200: What’s Causing the Decline?

ccn | 12-14-2018

On December 14, following a fairly large sell-off from the $3,400 region, the Bitcoin price dropped to a new yearly low at $3,200. As Bitcoin (BTC) declined in value, other major cryptocurrencies including Ethereum (ETH), Stellar (XLM), and Bitcoin Cash (BCH) experienced large losses against the U.S. dollar, with BCH falling by more than 11The post Bitcoin Price Drops to New Yearly Low at $3,200: What’s Causing the Decline? appeared first on CCN

Categories: BTC|ETH|Trading|Fiat
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Ripple Price Analysis: Break Below $0.2900 Could Speed Up XRP Losses

newsbtc | 12-14-2018

Key Highlights Ripple price seems to be struggling to clear the $0.3100 resistance area against the US dollar. There is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily if there is a break below the $0.2900...The post Ripple Price Analysis: Break Below $0.2900 Could Speed Up XRP Losses appeared first on NewsBTC.

Categories: XRP|Trading|Market|Fiat
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Japan’s Monex Group Launching Cryptocurrency Exchange in the US

bitcoin.com | 12-14-2018

Monex Group, a major Japanese financial services company and the parent company of cryptocurrency exchange Coincheck, has unveiled its plan to launch a crypto exchange in the U.S. next quarter. The company has also shared its expansion plans for Coincheck in Japan. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations U.S. Expansion […]The post Japan’s Monex Group Launching Cryptocurrency Exchange in the US appeared first on Bitcoin News.

Categories: Exchange|BTC|Asia|Trading
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Ethereum Price Analysis: ETH Could Extend Losses Below $80

newsbtc | 12-14-2018

Key Highlights ETH price failed to recover above the $90 resistance and declined recently against the US Dollar. There is a new connecting bearish trend line formed with resistance at $89 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to decline further below the $83 and $80 support levels...The post Ethereum Price Analysis: ETH Could Extend Losses Below $80 appeared first on NewsBTC.

Categories: ETH|Trading|Market|Fiat
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Digital Currency Platform Revolut Receives European Banking License

bitcoin.com | 12-13-2018

On Thursday, Dec. 13, digital payments platform Revolut announced that the company has been approved for a banking license in Europe by the region’s central bank. According to Revolut, the license will help it provide better access to digital currencies and also offer traditional banking services. Also read: Google Trends Reveals One of the Top Questions […]The post Digital Currency Platform Revolut Receives European Banking License appeared first on Bitcoin News.

Categories: BTC|ETH|LTC|XRP|Fiat
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Ripple and Finablr Will Launch Blockchain Payments by Q1 2019

blokt | 12-13-2018

UAE Exchange based in the United Arab Emirates is partnering with Ripple to launch new cross-border blockchain-powered remittances to Asia. The new payments system will be based on Ripple’s blockchain network and will be launched by the first quarter in 2019. Focusing on Asian Remittances Asia was one of the largest recipients of the $613 billion in […]Ripple and Finablr Will Launch Blockchain Payments by Q1 2019 was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: Blockchain|XRP|Asia|BTC|Exchange
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More Than 7.5 Million Chinese Use Crypto-Related Apps, Analysis Shows

cryptoglobe | 12-13-2018

New analysis into the cryptocurrency application industry has shown the number of bitcoin-related app users reach 7.51 million in China. The number represents a 230.84% jump from the same time last year, despite big bitcoin price swings since December 2017. There was also a substantial increase in the number of female application users.

Categories: Market|BTC|Asia|Trading
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The Largest Blockchain Conference in Asia to be Held 30–31 January in Yokohama, Japan; Over 150 Companies Participating

coinspeaker | 12-13-2018

CoinSpeakerThe Largest Blockchain Conference in Asia to be Held 30–31 January in Yokohama, Japan; Over 150 Companies ParticipatingThe second Japan Blockchain Conference in Yokohama, Japan, will once again bring together 150 expert companies and organizations in the cryptocurrency and blockchain field from around the world, showing their latest developments to an expected audience of 25,000.The Largest Blockchain Conference in Asia to be Held 30–31 January in Yokohama, Japan; Over 150 Companies Participating

Categories: Asia|Blockchain|Sponsored
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China’s Ban May Have Failed as Study Shows There’s Now 7.5 Million Chinese Cryptonians

trustnodes | 12-13-2018

China’s central bank boasted earlier this year that their probably illegitimate ban of crypto exchanges was very successful, but a new study is showing that the user numbers of cryptonians...The post China’s Ban May Have Failed as Study Shows There’s Now 7.5 Million Chinese Cryptonians appeared first on Trustnodes.

Categories: Fiat
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UAE Exchange, Ripple to Launch Blockchain Remittances to Asia by Q1 2019

cointelegraph | 12-13-2018

UAE Exchange has partnered with Ripple to launch blockchain cross-border remittances to Asia by Q1 2019

Categories: XRP|Asia|Exchange|Blockchain|Altcoin
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UAE Firm Taps Ripple Blockchain RippleNet to Launch Cross-Border Payments

ccn | 12-13-2018

RippleNet, the blockchain-based global payment network of Ripple, is set to increase its footprint in the Middle East with a United Arab Emirates-based remittance firm set to unveil cross-border payments using the technology. According to Reuters, remittance firm UAE Exchange will roll out RippleNet-powered cross-border remittance services to Asia in the first quarter of 2019The post UAE Firm Taps Ripple Blockchain RippleNet to Launch Cross-Border Payments appeared first on CCN

Categories: XRP|Blockchain|Exchange|Asia|Technology
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Bitcoin-Friendly Revolut Receives European Banking License, Aims to be ‘Amazon of Banking’

ccn | 12-13-2018

Revolut, a digital banking alternative that features an in-app bitcoin and cryptocurrency exchange, has received a European banking license as it seeks to expand its offerings and position itself as the “Amazon of banking.” Revolut to Offer Bank Accounts in Europe The London-based unicorn, which remains one of the hottest fintech startups in the UnitedThe post Bitcoin-Friendly Revolut Receives European Banking License, Aims to be ‘Amazon of Banking’ appeared first on CCN

Categories: BTC|Exchange|Fiat
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Bear Market Hinders Coincheck’s Stabilization Effort after $530 Million Theft

ccn | 12-13-2018

The bear market that the crypto industry is facing has had a lot of adverse effects, with companies shutting down services and laying off staff members in their droves. Japanese cryptocurrency exchange Coincheck seems to be the latest company to feel the brunt of the dire crypto market state, according to reports from Nikkei AsianThe post Bear Market Hinders Coincheck’s Stabilization Effort after $530 Million Theft appeared first on CCN

Categories: Market|Trading|Exchange|Asia
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UAE Remittance Firm Launching Ripple-Based Payments in Q1 2019

coindesk | 12-13-2018

Abu Dhabi-based money transmitter UAE Exchange is working with Ripple to launch blockchain remittances to Asia early next year.

Categories: XRP|Exchange|Asia|Blockchain
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Sign Of The Times: Basis Shutters $133M Crypto Project Due To Regulation

newsbtc | 12-13-2018

Although crypto startups have been capitulating en-masse due to financial restraints, a direct byproduct of Bitcoin’s rapid drawdown in value, reports indicate that a promising stablecoin venture has folded due to regulatory qualms. $133M Crypto Project Folds Due To “Regulatory Headwinds” In recent months, stablecoins, cryptocurrencies tied to an asset deemed “stable” (ex. U.S. dollar,...The post Sign Of The Times: Basis Shutters $133M Crypto Project Due To Regulation appeared first on NewsBTC.

Categories: Regulation|Asia
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Zebpay moves to Europe leaving behind India

coinnounce | 12-13-2018

Published on CoinnounceZebpay, which was known to be the largest cryptocurrency exchange in India has moved to Europe after the Reserve Bank of India banned financial institutions to deal with crypto exchanges in the country. Zebpay had closed down its operations in India in September while it had more than 3 million users already registered on the […]The post Zebpay moves to Europe leaving behind India appeared first on Coinnounce.

Categories: Exchange|Fiat|BTC|Trading
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P2P Markets Report: Latin American Markets Continue to Post Record Volume

bitcoin.com | 12-13-2018

This past week has seen Latin American peer-to-peer markets continue to set records for trade volume. For the week ending Dec. 8, Argentina and Venezuela posted a new record for Localbitcoins trade when measured in fiat, while Colombia, Peru, and Venezuela also posted records for trade measured in BTC. Also Read: Zebpay Exchange Now Live in […]The post P2P Markets Report: Latin American Markets Continue to Post Record Volume appeared first on Bitcoin News.

Categories: Market|BTC|Exchange|Fiat
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France to Turn into ‘Blockchain Nation’ by Investing 500M Euros in the Technology

coinspeaker | 12-13-2018

CoinSpeakerFrance to Turn into ‘Blockchain Nation’ by Investing 500M Euros in the TechnologyThe deputies suggest that the government should follow the example of the private sector. Moreover, a central bank, such as the Bank of France or the European Central Bank, should consider issuing digital currencies.France to Turn into ‘Blockchain Nation’ by Investing 500M Euros in the Technology

Categories: Fiat|Technology|Regulation|Blockchain|Altcoin
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IBM Looking to Provide Blockchain Solutions to India’s Telecommunications Operators

ccn | 12-13-2018

Tech giant IBM has hinted that telecommunication firms in India could soon be using blockchain solutions in mobile number portability and in the Do Not Call registry. According to the IBM Research vice president and CTO of IBM India/South Asia, Sriram Raghavan, the tech giant could launch blockchain solutions focused on Do No Call registries … ContinuedThe post IBM Looking to Provide Blockchain Solutions to India’s Telecommunications Operators appeared first on CCN

Categories: Blockchain|Technology|Asia|Regulation
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Crypto Exchange Zebpay Launches Euro to Crypto Trading in 21 European Countries

cryptoglobe | 12-13-2018

Zebpay, which used to be one of India's largest crypto exchanges but is now based in Malta, has announced the launch of fiat (euro) to crypto trading in 21 European countries.

Categories: Fiat|Trading|Exchange
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Bitcoin Price to Likely Avoid Drop Below $3k as Crypto Loses $14 Billion in 1 Week

ccn | 12-13-2018

Over the past 48 hours, the Bitcoin price has stabilized at around $3,400 after dropping to a new yearly low at $3,210 on December 7. On a weekly basis, Bitcoin (BTC) is up six percent from $3,210 to $3,400 but the cryptocurrency market has lost $14 billion of its valuation against the U.S. dollar mostlyThe post Bitcoin Price to Likely Avoid Drop Below $3k as Crypto Loses $14 Billion in 1 Week appeared first on CCN

Categories: BTC|Trading|Market|Fiat
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Bitcoin Price Watch: BTC Sellers Targets Fresh Weekly Lows

newsbtc | 12-13-2018

Key Points Bitcoin price failed to break the $3,475 and $3,485 resistance levels and declined against the US Dollar. There was a break below an ascending channel with support at $3,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move down towards $3,255 or it could...The post Bitcoin Price Watch: BTC Sellers Targets Fresh Weekly Lows appeared first on NewsBTC.

Categories: BTC|Trading|Market|Fiat
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Swift boss quits, as competition from the likes of Ripple intensifies

cryptonewsreview | 12-13-2018

Swift it facing fresh challenges from the likes of Ripple – but its boss won’t be there to face them… The international payments network Swift, that facilitates cross border fiat transactions, has found itself in the crosshairs of the likes of Ripple, amongst others. Swift has enjoyed a dominant position for many years, but competition […]The post Swift boss quits, as competition from the likes of Ripple intensifies appeared first on CryptoNewsReview.

Categories: XRP|Market|Fiat
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Zebpay Exchange Now Live in 21 European Countries

bitcoin.com | 12-13-2018

Zebpay, formerly one of India’s largest cryptocurrency exchanges, has launched in Europe. Euro deposits, withdrawals, and trading are now live in 21 countries. While the exchange is not accepting new registrations from India, existing users can continue to use its wallet app. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Zebpay […]The post Zebpay Exchange Now Live in 21 European Countries appeared first on Bitcoin News.

Categories: BTC|Exchange|Asia|Trading|Fiat
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Ripple Price Analysis: Risk of Bounce Grows In XRP Above $0.3100

newsbtc | 12-13-2018

Key Highlights Ripple price traded higher recently above the $0.3060 resistance against the US dollar. This week’s important bearish trend line was breached with resistance at $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to climb higher above the $0.3090 and $0.3100 resistances in the near...The post Ripple Price Analysis: Risk of Bounce Grows In XRP Above $0.3100 appeared first on NewsBTC.

Categories: XRP|Trading|Market|Fiat
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Ethereum Price Analysis: ETH at Potentially Significant Turning Point

newsbtc | 12-13-2018

Key Highlights ETH price remained in a bearish zone and it is currently trading below $90 against the US Dollar. This week’s followed important bearish trend line is active with resistance at $90 on the hourly chart of ETH/USD (data feed via Kraken). The pair may decline in the short term towards the $85 level...The post Ethereum Price Analysis: ETH at Potentially Significant Turning Point appeared first on NewsBTC.

Categories: ETH|Trading|Market|Fiat
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Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement

bitcoin.com | 12-12-2018

Japanese prosecutors are seeking a 10-year jail term for Mark Karpeles, the former CEO of Mt. Gox. The embattled Frenchman, who has been previously accused of diverting company money for prostitutes, business acquisitions and luxury items, is facing charges of transferring $3 million of client funds to his own account for investment in a software […]The post Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement appeared first on Bitcoin News.

Categories: BTC|Asia|Technology|Business
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Bitwala Is Offering German Citizens Joint Crypto and Fiat Banking Accounts

bitcoinmagazine | 12-12-2018

German blockchain startup Bitwala has launched crypto banking in Germany.After securing €4 million (roughly $4.5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.Bitwala's new banking solution, which it claims was built to "close the gap between crypto and traditional banking,” was developed in partnership with local fintech startup SolarisBank, which has a banking license and is fully regulated by the German financial regulatory authority Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB).With the launch of this new banking solution, users would be able to manage "both Bitcoin and Euro deposits in one place with the safety and convenience of a German bank account." The accounts would also come with the usual perks that accompany bank accounts like a debit card, as well as a bitcoin wallet with added functionality to swap between bitcoin and the euro freely. “We built the new account putting our customers first. No longer do you have to wire your liquidity to separate exchange accounts with frail fund protection measures outside of Germany. No longer do you have to accept excessive fees for trading. Trading with Bitwala is fast and reliable and our pricing highly competitive,” Bitwala’s chief technical officer and co-founder, Ben Jones, said ...

Categories: Fiat|BTC|Trading|Exchange|ICO
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Prosecutors Seek 10-Year Jail Sentence for Karpeles Over Mt. Gox Embezzling

bitcoinmagazine | 12-12-2018

Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt. Gox.According to a local Japanese news outlet, Karpeles is under indictment for embezzling 341 million yen ($3 million USD) of customer funds into his own personal account. The indictment apparently also alleges that Karpeles “manipulated data on his company's trading system to pad the balance.”As Mt. Gox was based in Tokyo, it has been the responsibility of the Japanese legal system to prosecute Karpeles, just as it placed Mt. Gox into bankruptcy proceedings in 2014. By the end of the company’s shutdown, they’d lost 48 billion yen worth of bitcoin and 2.8 billion yen in fiat. Karpeles has claimed that such losses were due to a hack.Mark Karpeles is a notorious name in the crypto space, a long-term player who has been involved with some of the most infamous business ventures of bitcoin’s first major price spike. In Mt. Gox’s heyday in 2013, it was the largest functional crypto exchange. In addition to his stewardship of Mt. Gox, of particular note to Karpeles career is his alleged bankrolling of the Silk Road, the now-defunct darknet marketplace. As federal agents began trying to take down the website for narcotics trafficking violations, agents on the case directly notified Karpeles who was able to cover his involvemen...

Categories: Fiat|BTC|Regulation|Trading|Exchange
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Dutch Central Bank Proposes License Requirement for Cryptocurrency Service Providers

cointelegraph | 12-12-2018

In the Netherlands, cryptocurrency service providers will soon be required to obtain a license issued by the Dutch central bank

Categories: Fiat|Regulation
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UAE, Saudi Arabia to Jointly Launch Cryptocurrency for Interbank Transactions

cryptoglobe | 12-12-2018

The central bank of the United Arab Emirates (UAE) is reportedly working on a blockchain-based cryptocurrency with the Saudi Arabian Monetary Authority (Sama). The cryptocurrency is set to be used for interbank transactions only.

Categories: Fiat