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China’s Baidu Rumored to Be Justin Sun and Tron’s ‘Billion Dollar Valuation Industry Giant’ Partner

blokt | 10-16-2018

Justin Sun, founder and chief executive of Tron, is known for keeping the Tron and crypto communities in suspense. Sun tweeted on Oct. 12 that Tron is partnering with an industry giant valued at tens of billions of dollars but asked the crypto verse to guess who the partner is. On the same day, CoinNess […]China’s Baidu Rumored to Be Justin Sun and Tron’s ‘Billion Dollar Valuation Industry Giant’ Partner was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: Fiat|BTC|Asia|Blockchain
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Bitfinex Introduces ‘New, Improved’ Fiat Deposit System Following Last Week’s Suspension

cointelegraph | 10-16-2018

Major crypto exchange Bitfinex has introduced an “improved” fiat deposit system after temporary deposit suspension last week

Categories: Exchange|Fiat|Blockchain
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Tether Found a New Bank, and it Might be in the Bahamas: Report

ccn | 10-16-2018

Tether, the controversial issuer of the USDT cryptocurrency, may have found a new banking partner in the Bahamas. Tether May Have a New Bank As first reported by The Block’s Larry Cermak, Tether — whose USD-pegged cryptocurrency has a market cap in the billions of dollars — is said to be holding its fiat reservesThe post Tether Found a New Bank, and it Might be in the Bahamas: Report appeared first on CCN

Categories: USDT|Fiat|Market
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Bitfinex Introduces Top Secret Banking System

bitcoin.com | 10-16-2018

Bitfinex has restored the ability of customers to make fiat currency deposits. Details of its new deposit system remain shrouded in secrecy, however, with the exchange going to extraordinary lengths to conceal the identity of the bank(s) in question. Its “distributed” system, designed to circumvent censorship, has brought the critics out in full force. Also […]The post Bitfinex Introduces Top Secret Banking System appeared first on Bitcoin News.

Categories: Exchange|USDT|Fiat|BTC
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Winklevoss-Backed Stablecoin Soars Above $1 as Tether's Market Cap Plunges

coindesk | 10-16-2018

The Gemini dollar has broken its peg, climbing to an all-time high of $1.19 on Tuesday.

Categories: USDT|Market|Fiat|Sponsored
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Tether Market Cap Sinks to $2.2 Billion as another 250 Million USDT Exits Circulation

ccn | 10-16-2018

The loss of its U.S. dollar peg isn’t the only thing driving down the market cap of tether (USDT), the cryptocurrency market’s largest “stablecoin.” Tether Falls Below Dollar Parity The USD-backed token, which as recently as late August had a circulating valuation of nearly $2.9 billion, is now worth just $2.2 billion, representing a two-monthThe post Tether Market Cap Sinks to $2.2 Billion as another 250 Million USDT Exits Circulation appeared first on CCN

Categories: USDT|Market|Fiat|ICO
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Bitfinex Secures an Account with Deltec Banks, Tether Still Unpegged

trustnodes | 10-16-2018

Bitfinex has today announced “distributed banking” to presumably try and hide bank details from the public after they’ve seen a number of bank account closures following a banking blockade last...The post Bitfinex Secures an Account with Deltec Banks, Tether Still Unpegged appeared first on Trustnodes.

Categories: Exchange|USDT|Fiat
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Binance targets Uganda with new fiat to crypto exchange launch

cryptonewsreview | 10-16-2018

Binance is once again targeting the African crypto industry as it announces the official launch of its new fiat to crypto Exchange in Uganda. by Alan Wass for CNR The African crypto industry can sometimes go under the radar even though it has one of the fastest growing economies of any continent. Now we hear […]The post Binance targets Uganda with new fiat to crypto exchange launch appeared first on CryptoNewsReview.

Categories: Exchange|Fiat
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Polish Darknet Vendor of Counterfeit Euro Bills is Taken Into Custody

themerkle | 10-16-2018

Offering any product or service on the darknet can be a very risky business. This is especially true when trying to bring illegal goods to consumers, such as drugs, guns, or even counterfeit goods. In Poland, one of the most prolific darknet vendors of counterfeit goods has been arrested. His main business revolves around selling […]The post Polish Darknet Vendor of Counterfeit Euro Bills is Taken Into Custody appeared first on NullTX.

Categories: Fiat|Business|ICO
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Bitfinex Reopens Deposits but Stays Silent About Bank Arrangements

bitcoinist | 10-16-2018

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 worldRead MoreThe post Bitfinex Reopens Deposits but Stays Silent About Bank Arrangements appeared first on Bitcoinist.com.

Categories: Exchange|Fiat|BTC
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Spread between BTC/USD and BTC/USDT Crosses $300

ccn | 10-16-2018

The imbalanced peg between the US Dollar and Tether LLC’s USDT has resulted in a $300-spread in Bitcoin price. At the press time, the aggregated Bitcoin-to-dollar exchange rate on non-Tether exchanges is approximately 6430-fiat. Meanwhile, on Tether exchanges like BitFinex, the same forex rate is above 6700-fiat. The strange trading activity, which started surfacing onThe post Spread between BTC/USD and BTC/USDT Crosses $300 appeared first on CCN

Categories: USDT|BTC|Exchange|Trading|Fiat
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Cryptocurrency Exchange CoinCola Partners With Dash as It Launches in Venezuela

blokt | 10-16-2018

Hong Kong based cryptocurrency exchange CoinCola is taking its global expansion campaign seriously and as a result, has partnered with Dash to enter the Venezuelan crypto market through multiple promotional deals running from Oct. 1 to Dec. 31. The cryptocurrency exchange partnered with Dash because of the cryptocurrency’s large footprint in the Venezuelan crypto market. A […]Cryptocurrency Exchange CoinCola Partners With Dash as It Launches in Venezuela was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: DASH|Exchange|Market|BTC|Asia
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Japan: Messaging Giant LINE Launches Trading of Its LINK Token on Native Exchange

cointelegraph | 10-16-2018

Officials at Japanese messaging giant LINE confirm native LINK token trading is now live

Categories: Asia|ICO|Trading|Exchange|Blockchain
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Crypto Exchange Bitfinex Restarts Fiat Deposits Claiming 'Improved' Process

coindesk | 10-16-2018

Cryptocurrency exchange Bitfinex says it has rolled out a new process for depositing fiat currency after it halted the service last week.

Categories: Exchange|Fiat
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Newsflash: Bitfinex Unveils ‘Distributed Banking Solution,’ Resumes Fiat Deposits

ccn | 10-16-2018

Cryptocurrency exchange giant Bitfinex has unveiled a “distributed banking solution” that it says will be a “resilient” solution to its much-chronicled banking woes. Announced on Tuesday, the new system will allow KYC-verified users to immediately begin initiating fiat deposits across USD, GBP, JPY, and EUR, which had been paused for almost a week. Alleging thatThe post Newsflash: Bitfinex Unveils ‘Distributed Banking Solution,’ Resumes Fiat Deposits appeared first on CCN

Categories: Exchange|Fiat
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The US Is Behind the Curve on Cryptocurrency Adoption, Says WEF Blockchain Head

livebitcoinnews | 10-16-2018

Sheila Warren believes the United States is behind the curve on cryptocurrency payment adoption. The head of the World Economic Forum’s blockchain policy unit says the maturity of the e-commerce arena in Asia has the U.S. playing second fiddle. Asia Leads the World in Cryptocurrency Payment Technology In an op-ed published on CNN Business on...The post The US Is Behind the Curve on Cryptocurrency Adoption, Says WEF Blockchain Head appeared first on Live Bitcoin News.

Categories: Blockchain|Asia|BTC|Technology|Business
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Hong Kong Explores Different Ways of Regulating Cryptocurrency Exchange Platforms

blokt | 10-16-2018

The Hong Kong Securities and Futures Commission (SFC) is keen on exploring different ways to regulate cryptocurrency exchange platforms operating in Hong Kong to protect retail investors. According to a South China Morning Post (SCMP) article published on Oct. 15, the Hong Kong watchdog believes that a total ban is not effective and it is […]Hong Kong Explores Different Ways of Regulating Cryptocurrency Exchange Platforms was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: Asia|Exchange|BTC|Blockchain|Business
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Barclays Shelves Plans to Launch Crypto Trading Desk, Inside Sources Report

cryptoglobe | 10-16-2018

UK-based investment bank, Barclays, which holds over $1.1 trillion in assets, has shelved its plans to launch a cryptocurrency trading platform. It's possible that the bank postponed its plans because of regulatory uncertainty and issues related, or similar, to Bitfinex and Tether which have led to cryptocurrency prices fluctuating wildly in the past 48 hours. At press time, it is unclear exactly why Barclays has puts its crypto plans on hold.

Categories: Trading|Fiat|USDT|Exchange|Market
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Report: Baidu-TRON ‘Partnership’ Involves Cloud Computing Provision, Not Blockchain

cointelegraph | 10-16-2018

Report: unconfirmed “partnership” between TRON and Chinese search giant Baidu will center on cloud computing, not blockchain

Categories: Blockchain|Asia
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Will XRP Be Trump’s Answer to China?

financemagnates | 10-16-2018

Ripple strategist says that Washington is doing its homework on XRP, concerned about foreign control.

Categories: XRP|Asia|BTC|ETH
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Bitcoin Price Watch: BTC/USD Buyers Losing Grip Below $6,520

newsbtc | 10-16-2018

Key Points Bitcoin price revered yesterday’s gains and traded below the $6,500 support against the US Dollar. There is a short-term ascending channel in place with support at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could dip towards the $6,340 or $6,320 support before moving back higher....The post Bitcoin Price Watch: BTC/USD Buyers Losing Grip Below $6,520 appeared first on NewsBTC.

Categories: BTC|Trading|Market|Fiat
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Hong Kong Crypto Trading Should Be Regulated: Claims SFC Chairman (Bitmex effect?)

cryptopotato | 10-16-2018

TL;DR • Hong Kong SFC chairman, Carlson Tong Ka-Shing claims that regulating cryptocurrency exchanges is better than banning trading. • Cryptocurrency trading ban would be ineffective since it would only push investors towards overseas markets. • Hong Kong-based exchanges are required to comply with regulations to ensure investors’ protection. A new statement was recently given by […]The post Hong Kong Crypto Trading Should Be Regulated: Claims SFC Chairman (Bitmex effect?) appeared first on CryptoPotato.

Categories: Asia|Trading|Market|Business
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Cryptocurrency Exchange Unocoin Finds Loophole to Indian Cryptocurrency Ban

cryptoglobe | 10-16-2018

After the Reserve Bank of India banned bank accounts from sending and receiving money from cryptocurrency exchanges, Unocoin found a way to continue accepting fiat. Their new plan is to launch cryptocurrency ATM’s throughout India to allow users to deposit rupees directly.

Categories: Fiat|Exchange
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Ethereum Classic Price Analysis: ETC/USD Eyeing Upside Break Above $10

newsbtc | 10-16-2018

Key Highlights Ethereum classic price is forming a decent support base near the $9.20 level against the US dollar. There is an ascending channel formed with support at $9.35 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to move higher and it could even break the $10.00...The post Ethereum Classic Price Analysis: ETC/USD Eyeing Upside Break Above $10 appeared first on NewsBTC.

Categories: Trading|ETH|Market|ETC|Fiat
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Binance Opens Fiat-To-Crypto Exchange in Uganda

bitcoin.com | 10-16-2018

On Oct. 15, Binance announced the launch of its fiat-to-cryptocurrency exchange in Uganda. The world’s biggest digital currency exchange said users in the East African country are now able to complete full account verification starting immediately. Deposits and withdrawals of the local fiat currency, the Ugandan shilling, start on Wednesday. Also read: Bitcoin After Death: The […]The post Binance Opens Fiat-To-Crypto Exchange in Uganda appeared first on Bitcoin News.

Categories: Exchange|BTC|ETH|Fiat|Blockchain
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Bitcoin Payment Processor BitPay Introduces USDC and GUSD Stablecoin Settlements

coinspeaker | 10-16-2018

BitPay customers may now receive settlement in Gemini Dollar (GUSD) and USD Coin (USDC), USD-pegged cryptocurrency stablecoins, without relying on costly, time-consuming wire transfers.The post Bitcoin Payment Processor BitPay Introduces USDC and GUSD Stablecoin Settlements appeared first on CoinSpeaker.

Categories: BTC|USDT|Altcoin|Fiat
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Ripple Price Analysis: XRP/USD Bullish Above $0.4250

newsbtc | 10-16-2018

Key Highlights Ripple price surged higher and broke the key $0.4200 and $0.4300 resistance levels against the US dollar. There is a short-term channel formed with support at $0.4290 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to break the $0.4500 resistance to climb once again towards...The post Ripple Price Analysis: XRP/USD Bullish Above $0.4250 appeared first on NewsBTC.

Categories: Trading|XRP|Market|Fiat
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TRON accused of presenting illusionary partnership.

coinnounce | 10-16-2018

Published on CoinnounceJustin Yuchen Sun tweeted on 12th October 2018 that TRON; for the first time was partnering with a billion dollar industry giant. Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name 😊#TRON #TRX $TRX — Justin Sun (@justinsuntron) October 12, 2018 The rumor giant later turned out to […]The post TRON accused of presenting illusionary partnership. appeared first on Coinnounce.

Categories: TRX|Blockchain|Trading|Altcoin|Fiat
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Argentina, Venezuela, and Egypt Post Record P2P Bitcoin Trading Volumes

bitcoinist | 10-16-2018

During October 2018, Bitcoin trading volumes on the peer-to-peer (P2P) platform LocalBitcoins reached peak levels in Argentina, Venezuela, and Egypt. Elsewhere, places like Croatia and Switzerland are at their lowest levels since the start of 2018. Bitcoin is a Haven Asset in Argentina With the continuing economic crisis in Argentina, it is perhaps unsurprising to see people flocking to Bitcoin (BTC) as a haven for their wealth. Since April 2018, the peso – Argentina’s fiat currencyRead MoreThe post Argentina, Venezuela, and Egypt Post Record P2P Bitcoin Trading Volumes appeared first on Bitcoinist.com.

Categories: BTC|Trading|Fiat
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Ethereum Price Analysis: ETH/USD Holding Gains Above $200

newsbtc | 10-16-2018

Key Highlights ETH price surged above the $215 level and later retreated towards $200 against the US Dollar. There is a key connecting bullish trend line in place with support at $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair needs to break the $204-205 resistance area to resume its upside...The post Ethereum Price Analysis: ETH/USD Holding Gains Above $200 appeared first on NewsBTC.

Categories: ETH|Trading|Market|Fiat
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Bitcoin Gold Latest News, BTG Price Analysis

coinnounce | 10-16-2018

Published on CoinnounceSignificant advancement with respect to Bitcoin Gold. Various altcoins have been developing in the cryptocurrency space and keeping up with the latest advancements have become very the need of the day. Interestingly the advancements or drawbacks that cryptocurrency project persist opens up before people and they react to the news respectively. By taking huge advantage […]The post Bitcoin Gold Latest News, BTG Price Analysis appeared first on Coinnounce.

Categories: BTC|Trading|Fiat|Market|Blockchain
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BitPay-Pal? BitPay Introduces Settlement in USD-Pegged Stablecoins

bitcoinist | 10-16-2018

BitPay, purportedly the largest blockchain payments provider, will allow merchants to accept settlements in USD-pegged stablecoins. Gemini Dollar and USD Coin Get the Green Light The leading blockchain payments provider BitPay announced that it will allow merchants to receive settlement in USD-backed stablecoins, namely the Gemini Dollar (GUSD) and Circle’s USD Coin (USDC). Up until now, users of BitPay were able to receive payments in Bitcoin (BTC) , Bitcoin Cash (BCH), and via a regularRead MoreThe post BitPay-Pal? BitPay Introduces Settlement in USD-Pegged Stablecoins appeared first on Bitcoinist.com.

Categories: BTC|Blockchain|Fiat
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Barclays Bank is putting its cryptocurrency project on hold

cryptonewsreview | 10-16-2018

The ongoing cryptocurrency bear market looks to have affected the plans of Barclays Bank… Yesterday, we reported the news that it’s going to take an estimated two years to bring cryptocurrency regulation to the UK – and that’s if the process started today. Now, a further less than positive sign for the UK crypto industry […]The post Barclays Bank is putting its cryptocurrency project on hold appeared first on CryptoNewsReview.

Categories: Fiat|Market|Regulation|Trading
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Donald Trump’s trade barriers set to hit cryptocurrency company hard

cryptonewsreview | 10-16-2018

Bitmain finds itself under pressure, as US tariffs begin to hit its business… The ongoing trade battle between China and the United States has seen tariffs imposed by US President Donald Trump, in what’s threatening to be a tit-for-tat game of each side charging the other more. Caught in the middle of the brinkmanship and […]The post Donald Trump’s trade barriers set to hit cryptocurrency company hard appeared first on CryptoNewsReview.

Categories: Asia|Regulation
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Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $440

newsbtc | 10-16-2018

Key Points Bitcoin cash price broke to the upside, but it declined back below $460 against the US Dollar. There is an ascending channel forming with support at $440 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to consolidate and slowly move higher above $450 in the...The post Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $440 appeared first on NewsBTC.

Categories: Trading|BTC|Market|Fiat
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Manny Pacquiao’s Cryptocurrency Could Finally Launch by the End of 2018

cryptoglobe | 10-16-2018

Manny Pacquiao's cryptocurrency is expected to launch by the end of 2018 or early next year in a report by a Singapore online news outlet that will see the new Pac Token available to the general public.

Categories: Asia|ICO
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PBoC is Seeking Cryptocurrency Recruits to Create Digital Coin

livebitcoinnews | 10-16-2018

China’s central bank is reportedly recruiting crypto experts to create its own cryptocurrency despite its less than favorable stance to the market. Exploring the Market The People’s Bank of China (PBoC) appears interested in developing its own cryptocurrency. This is according to job posts by the Digital Currency Research Institute of the PBoC, reports the...The post PBoC is Seeking Cryptocurrency Recruits to Create Digital Coin appeared first on Live Bitcoin News.

Categories: Market|Asia|Fiat|BTC
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Cryptocurrencies Are Not Legal Tender in Zambia – Says Country’s Central Bank

livebitcoinnews | 10-16-2018

The central bank of Zambia has advised the citizens that cryptocurrencies are not legal tender and that they should exercise caution trading them. Notice Issued by Zambian Central Bank Bank of Zambia (BoZ), the African nation’s central bank, in a press release has advised its citizens that cryptocurrencies are not recognized by it as legal...The post Cryptocurrencies Are Not Legal Tender in Zambia – Says Country’s Central Bank appeared first on Live Bitcoin News.

Categories: Fiat|Regulation|BTC|Trading
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Bitpay Announces Stablecoin Support for Merchant Settlement

bitcoin.com | 10-16-2018

On Monday the cryptocurrency payment processor Bitpay announced the company is now supporting settlement options using two stablecoins — the Gemini dollar and the Circle Centre coin. Not only can Bitpay merchants settle in BCH, BTC, and local fiat currencies, but they can also utilize a US dollar-equivalent digital currency. Also read: BCH Devcon Streamlines Bitcoin […]The post Bitpay Announces Stablecoin Support for Merchant Settlement appeared first on Bitcoin News.

Categories: BTC|Fiat
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Hong Kong to Propose Regulation for Cryptocurrency Trading

newsbtc | 10-15-2018

Hong Kong’s financial watchdog is looking to tighten investor protection by regulating cryptocurrency trading platforms. The Securities and Futures Commission (SFC), however, is limited by its legal regulatory reach of securities only, according to Carlson Tong Ka-shing, the outgoing chairman. Outgoing SFC Chairman Says Ban on Cryptocurrency Trading “Will Not Work in Today’s Internet World” In...The post Hong Kong to Propose Regulation for Cryptocurrency Trading appeared first on NewsBTC.

Categories: Regulation|Trading|Asia|Business
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Op-Ed: Stablecoins and Bank Failure — The Unmitigated Risk of Fiat-Backed Tokens

ccn | 10-15-2018

About the author: Ranjeet Sodhi is the CEO and Co-Founder of Vault. He is also a fintech entrepreneur with over 19 years of experience leading and turning around key regulatory risk management initiatives for global top tier investment banks and financial services firms, including JPMorgan Chase, Citi, Deloitte, and E&Y. You can follow him on … ContinuedThe post Op-Ed: Stablecoins and Bank Failure — The Unmitigated Risk of Fiat-Backed Tokens appeared first on CCN

Categories: ICO|Fiat
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Product Designers and OEMs Heavily Depend on Manufacturing in China, SophiaTX Blockchain Provides Desired Trust and Transparency

livebitcoinnews | 10-15-2018

Chengdu, 15 October 2018 – SophiaTX establishes presence in Chengdu, one of the fastest-growing cities in China. China has a dominant place in global manufacturing and trade with many well-known products and entire brands being produced in the country. Such a significant role comes with issues around transparency and trust within the supply chain along with...The post Product Designers and OEMs Heavily Depend on Manufacturing in China, SophiaTX Blockchain Provides Desired Trust and Transparency appeared first on Live Bitcoin News.

Categories: Asia|Blockchain|BTC|Sponsored
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Zambia Launches Crackdown on Crypto Companies

bitcoin.com | 10-15-2018

The Bank of Zambia has started to clamp down on cryptocurrency-related businesses, mere days after declaring that it does not view digital coins such as BTC as legal tender. The crackdown began on Oct. 14, when the central bank announced an investigation into Heritagecoin Resources Ltd. for allegedly laundering money, according to local media reports. […]The post Zambia Launches Crackdown on Crypto Companies appeared first on Bitcoin News.

Categories: BTC|Fiat|Regulation|Trading
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As Tether Loses USD Peg, OKEx Will List ‘Regulated’ Cryptocurrency Stablecoins

ccn | 10-15-2018

If tether (USDT) is truly backed by and redeemable for physical U.S. dollars stored in company-controlled bank accounts, the so-called cryptocurrency “stablecoin” should manage to weather this period of uncharacteristic volatility until arbitrage restores its USD peg. If not, we could be witnessing the unraveling of the token that sees more daily trading volume thanThe post As Tether Loses USD Peg, OKEx Will List ‘Regulated’ Cryptocurrency Stablecoins appeared first on CCN

Categories: USDT|ICO|Trading|Fiat
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Report: Barclays Puts Its Crypto Trading Desk Plans On Hold

themerkle | 10-15-2018

U.K banking giant Barclays has put on hold its plans to put up a crypto trading desk, a report has revealed. The initiative has been shrouded in mystery ever since reports emerged that some of the top staff at the bank were working on the project. Barclays came out to deny any involvement in cryptos […]The post Report: Barclays Puts Its Crypto Trading Desk Plans On Hold appeared first on NullTX.

Categories: Trading|Fiat
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Bitfinex Says Withdrawals Are Fine, But Crypto Exchange Customers Disagree

coindesk | 10-15-2018

Bitfinex says fiat and cryptocurrency withdrawals are working normally, but some users say they're seeing delays in getting their funds out.

Categories: Exchange|Fiat|Sponsored
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BitPay Adds Settlement in Gemini Dollar (GUSD) and Circle Coin (USDC)

themerkle | 10-15-2018

In a press release today, Bitpay – the largest bitcoin payment provider – announced that they are now supporting settlement in two more currencies: Circle (USD) Coin, and Gemini (US) Dollar. The decision to add settlement in stablecoins makes perfect sense during these volatile periods. It allows merchants to avoid any market volatility by converting […]The post BitPay Adds Settlement in Gemini Dollar (GUSD) and Circle Coin (USDC) appeared first on NullTX.

Categories: Fiat|BTC|Market
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Heightened Fears Regarding Tether (USDT) & Bitfinex's Operations Lead to Wild Prices

cryptoglobe | 10-15-2018

Concerns and fears over rumors regarding Bitfinex's "insolvency" and Tether (USDT) losing its dollar-peg led to a strong reaction from the crypto market. The prices of all major cryptocurrencies surged about 10% earlier today, but have now corrected. Many are now attributing the wild fluctuations in crypto prices to concerns regarding whether Tether actually has as much USD in reserve to back the current amount of circulation of its stablecoin, USDT. OKEx also began listing 4 new stablecoins today, which means USDT will have even more competitors now.

Categories: USDT|Market|Fiat
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Third Top Cryptocurrency Exchange OKEx Lists Four Stablecoins at Once

cointelegraph | 10-15-2018

OKEx has announced listings for four stablecoins: TrueUSD, USD Coin, Gemini Dollar, and Paxos Standard Token

Categories: Exchange|ICO|Altcoin|Fiat
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Mainstream: $7.2 Trillion Asset Manager Fidelity Will Help Customers Invest in Bitcoin

ccn | 10-15-2018

One of the biggest names in financial services wants to help institutional investors add bitcoin and other cryptocurrency assets to their multi-billion dollar portfolios. Citing proven institutional demand for cryptocurrency products, Fidelity Investments, the fifth-largest asset manager in the world with 27 million clients and $7.2 trillion in customer assets, has announced that it willThe post Mainstream: $7.2 Trillion Asset Manager Fidelity Will Help Customers Invest in Bitcoin appeared first on CCN

Categories: BTC|Fiat|Business