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French Financial Regulator Blacklists Four Crypto Websites for Unauthorized Offerings

cointelegraph | 12-14-2018

French stock market regulator AMF has blacklisted four crypto-related websites for offering investment schemes without proper authorization

Categories: Market|ICO|Regulation|Business
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25% of Pantera Capital ICO Projects May Have to Refund Investors

bitcoinist | 12-14-2018

Crypto hedge fund Pantera Capital says that as much as one-quarter of the projects its ICO fund invested in may be in violation of US securities laws after the SEC decision.  Things keep going from bad to worse for US blockchain companies that held ICOs without registering with the SEC. One of crypto’s largest hedge funds Pantera Capital told Bloomberg that around 25 percent of the digital currency projects in its portfolio may have toRead MoreThe post 25% of Pantera Capital ICO Projects May Have to Refund Investors appeared first on Bitcoinist.com.

Categories: ICO|Regulation|Business|Blockchain
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SEC Chair ‘Optimistic’ DLT and Crypto Will Drive Investment Opportunities

bitcoin.com | 12-14-2018

Speaking as part of a testimony to the United States Senate Committee on Banking, Housing, and Urban Development, the chairman of the U.S. Securities and Exchange Commission Jay Clayton expressed optimism that the distributed ledger technology (DLT) sector will “facilitate capital formation.” Clayton also discussed the enforcement actions taken by the SEC in regulating initial […]The post SEC Chair ‘Optimistic’ DLT and Crypto Will Drive Investment Opportunities appeared first on Bitcoin News.

Categories: Regulation|Technology|Wallet|BTC|Exchange
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Robinhood Didn’t Consult Regulators on New Checking & Savings Account Products

ccn | 12-14-2018

Robinhood, the crypto-friendly stock trading application, recently launched a plan to offer checking and savings accounts. The accounts have a minimum 3% interest. It is part of their plan to become the world’s most used financial technology application. Co-CEO Baiju Bhatt said to CNBC at the time of the announcement: “If we roll this productThe post Robinhood Didn’t Consult Regulators on New Checking & Savings Account Products appeared first on CCN

Categories: Trading|Technology|Business
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Confirmed: Bakkt Futures to Launch on January 24, Presents Milestones Ahead

cryptopotato | 12-14-2018

The owner of the New York Stock Exchange (NYSE) – the Intercontinental Exchange (ICE), announced back in August that it will be launching a global platform and an ecosystem for digital assets called Bakkt. The project is handled in collaboration with marquee companies such as Microsoft, BCG, Starbucks, and others. Speaking on the matter at […]The post Confirmed: Bakkt Futures to Launch on January 24, Presents Milestones Ahead appeared first on CryptoPotato.

Categories: Exchange|Business
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Press Release: A New Digital Currency And Exchange Aims to Revolutionize The Way Small Investors View Crypto Assets

trustnodes | 12-14-2018

It has been a while when digital currencies are becoming popular amongst the traders. However, if you dig a little the percentage of small and retail investors amongst these traders...The post Press Release: A New Digital Currency And Exchange Aims to Revolutionize The Way Small Investors View Crypto Assets appeared first on Trustnodes.

Categories: Business|Exchange|Sponsored
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Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers

ccn | 12-14-2018

Around this time last year, many retail crypto investors subscribed to the economic theory that cryptocurrency hard forks — the ones that result in irreversible network splits and create new blockchains — were a net positive for their portfolios. “How could they not be?” they asked. “It’s free money!” Indeed, at that point, the twoThe post Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers appeared first on CCN

Categories: BTC|Trading|Business
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Blockchain-Based Asset Management Platform Membrana Announces Token Sale Event

coinspeaker | 12-14-2018

CoinSpeakerBlockchain-Based Asset Management Platform Membrana Announces Token Sale EventBlockchain-based trust management platform Membrana has announced its token sale event open to investors and early backers of the project.Blockchain-Based Asset Management Platform Membrana Announces Token Sale Event

Categories: ICO|Business
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To The Moon! Bitcoin Space Travel Gets Closer As Virgin Galactic Takes Flight

bitcoinist | 12-14-2018

Billionaire Richard Branson appeared to cry tears of joy when his ‘Bitcoin-friendly’ Virgin Galactic reached the edge of space for the first time December 13. World Sees First Commercial Space Flight Branson, who revealed himself as a Bitcoin believer and investor in 2013, watched as SpaceShipTwo, the latest vehicle from the Virgin Galactic and The Spaceship Company, broke free of Earth to mark a “momentous achievement” for crewed space travel. “SpaceShipTwo is now the firstRead MoreThe post To The Moon! Bitcoin Space Travel Gets Closer As Virgin Galactic Takes Flight appeared first on Bitcoinist.com.

Categories: BTC|Business
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Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform

ccn | 12-14-2018

Prestige car-maker Porsche has arranged a loan to back its proposed strategic acquisitions using Spanish-bank BBVA’s ever-developing distributed ledger technology (DLT) platform. The loan, valued at €150 million (the equivalent of nearly $170 million USD) is, says a press release from BBVA: “The first acquisition term loan ever arranged through blockchain technology.” Acquisition term loansThe post Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform appeared first on CCN

Categories: Blockchain|ETH|XRP|Technology|Wallet
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US Credit Union Blockchain Consortium Joins R3's Global Ecosystem

cointelegraph | 12-14-2018

CULedger, a U.S. credit union service organization-owned blockchain consortium, has joined enterprise software firm R3’s global blockchain ecosystem

Categories: Blockchain|Technology|Business
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CEO: Crypto Plunge is Healthy, Bitcoin Remains a Great Investment

newsbtc | 12-14-2018

Since the bear market hit the crypto ecosystem head-on, investors exposed to this helter-skelter asset class have been deterred at large. Not only have the value of cryptocurrencies, such as Bitcoin (BTC), declined drastically, but hype and interest surrounding this market have largely been exhausted. Nevertheless, there remain many libertarian-leaning zealots that will hold on to...The post CEO: Crypto Plunge is Healthy, Bitcoin Remains a Great Investment appeared first on NewsBTC.

Categories: BTC|Market|Trading|Business
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PwC and Bitfury Group Partner to Deliver Blockchain Solutions in Russia

cryptoglobe | 12-14-2018

On Thursday (13 December 2018), one of the world's largest consulting firms, PricewaterhouseCoopers (trading as "PwC"), announced that it was joining forces with blockchain company Bitfury Group to build a blockchain accelerator in Russia with the goal of meeting the needs of PwC's Russian enterprise clients.

Categories: Blockchain|Trading|Business
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Now It’s Official: German Stock Exchange Giant to Launch Crypto Trading by Q2 2019

coinspeaker | 12-14-2018

CoinSpeakerNow It’s Official: German Stock Exchange Giant to Launch Crypto Trading by Q2 2019The second-largest stock exchange in Germany Boerse Stuttgart is working on the development of a new crypto trading platform.Now It’s Official: German Stock Exchange Giant to Launch Crypto Trading by Q2 2019

Categories: Trading|Exchange|Business|BTC|ETH
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Dallas Crypto Startup Ordered to Repay Investors $2.7 Million on Defrauding Charges

ccn | 12-14-2018

The Dallas-based crypto startup AriseBank has been ordered to repay investors to the tune of $2.7 million to fix allegations that the firm was defrauding their investors. Authorities have finally put an end to the ongoing AriseBank saga that has been hanging over the heads of the startup’s founders Stanley Ford and Jared Rice forThe post Dallas Crypto Startup Ordered to Repay Investors $2.7 Million on Defrauding Charges appeared first on CCN

Categories: Business|Regulation|ICO
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Crypto Bull Tom Lee is Sure that Bitcoin Fair Price Makes at Least $13,800

coinspeaker | 12-14-2018

CoinSpeakerCrypto Bull Tom Lee is Sure that Bitcoin Fair Price Makes at Least $13,800According to cryptocurrency bull Tom Lee, Bitcoin is underestimated, and its fair price should be about $10,000 above where it is trading now.Crypto Bull Tom Lee is Sure that Bitcoin Fair Price Makes at Least $13,800

Categories: Trading|BTC|Altcoin|Business
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Nowhere Left To Go: The Crypto Safe Haven

coinspeaker | 12-14-2018

CoinSpeakerNowhere Left To Go: The Crypto Safe HavenDaria Generalova, Managing Partner at ICOBox, marketing, PR & communications specialist, shares her clues into how investors can safely store their wealth amid today's economic turmoil. Nowhere Left To Go: The Crypto Safe Haven

Categories: BTC|ETH|Business|Altcoin
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Chatter Report: Voorhees Questions ‘Smart Money’, Sechet Explains ‘Miners Don’t Vote’ Declaration

bitcoin.com | 12-14-2018

In today’s Chatter Report, Erik Voorhees criticizes cryptocurrency-focused venture capital firms for reneging on their signed term sheet deals. Also, Steve Patterson calls out Amaury Sechet over Chris Pacia’s comment that miners don’t vote. Lastly, imaginary_username contemplates on the different roles of miners and users in Bitcoin.  Also read: BCH Devs Discuss Securing Instant Transactions […]The post Chatter Report: Voorhees Questions ‘Smart Money’, Sechet Explains ‘Miners Don’t Vote’ Declaration appeared first on Bitcoin News.

Categories: BTC|Business
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‘Basis’ Stablecoin Calls it Quits, Returns Funds to Investors

financemagnates | 12-14-2018

The company announced that regulatory concerns had put an insurmountable roadblock in their plans.

Categories: Blockchain|Business
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Crypto user numbers have doubled in 2018, even as prices tumbled

cryptonewsreview | 12-14-2018

There are more verified cryptocurrency investors than ever… Just because the back end of the year has been, er, on the ‘testing’ side for the cryptocurrency industry, it doesn’t mean that it’s been a twelve months without merit. Indeed, a new study has concluded that more people than ever have been drawn to the cryptocurrency […]The post Crypto user numbers have doubled in 2018, even as prices tumbled appeared first on CryptoNewsReview.

Categories: Market|BTC|Business
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Cryptocurrency investors amongst the worst for having terrible passwords

cryptonewsreview | 12-14-2018

An annual list of the worst password offenders sees cryptocurrency owners crack the top three… Every year, a company by the name of Dashlane issues its ranking of the ‘worst password offenders’. The aim of this is to highlight the weakness of the passwords many of us choose, and also to gauge which group of […]The post Cryptocurrency investors amongst the worst for having terrible passwords appeared first on CryptoNewsReview.

Categories: Business
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South Korean Tech Giant Kakao Invests in Blockchain Project Orbs

ccn | 12-14-2018

Israeli hybrid blockchain platform Orbs has announced that it is entering an investment partnership with the venture arm of South Korean internet group Kakao. Created to serve as a pioneering public blockchain system offering unprecedented flexibility and utility, Orbs permits business dApp developers to deploy over a highly secure and liquid network that comes with … ContinuedThe post South Korean Tech Giant Kakao Invests in Blockchain Project Orbs appeared first on CCN

Categories: Blockchain|Technology|ICO|Business
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Allianz Asks to Ban Crypto After Calling Bitcoin a ‘Buy’ Under $5K

bitcoinist | 12-14-2018

Allianz CEO has called on global regulators to outlaw cryptocurrency, contradicting the company’s chief financial advisor, who said Bitcoin would be a good buy under $5,000 earlier this year.  ‘You Should Outlaw It’ The Chief Executive of Europe’s biggest asset manager Allianz Global Investors Andreas Utermann expressed his thoughts on the regulation of digital assets, holding that global legislators should ban it completely, New York Times reports. He reasons that crypto-assets have wiped out people’s savings thisRead MoreThe post Allianz Asks to Ban Crypto After Calling Bitcoin a ‘Buy’ Under $5K appeared first on Bitcoinist.com.

Categories: BTC|Regulation|Business
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German Stock Exchange Giant to Launch Crypto Trading — How it Will Affect the European Market

ccn | 12-14-2018

On December 12, Boerse Stuttgart, the second-biggest stock exchange in Germany and the ninth-largest in Europe, said in an official statement that it plans to introduce a crypto trading platform by the second quarter of 2019. Alexander Höptner, the CEO of Boerse Stuttgart GmbH, stated: “With its combination of technology and banking expertise, solarisBank isThe post German Stock Exchange Giant to Launch Crypto Trading — How it Will Affect the European Market appeared first on CCN

Categories: Trading|Exchange|Business|Market|Technology
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Finland Hands Over Info for 2,700 Danish Traders to Denmark’s Tax Agency

bitcoinmagazine | 12-14-2018

Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT).According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.65 million worth of bitcoin (102.7 million kronor) between 2015 and 2017. A handful of these investors traded amounts between $1,105 and $110,450 (10,000 to 1,000,000 kronor), while the overwhelming majority traded an amount equal to or less than $1,105. Very few traded amounts over $110,450.“Right now we are identifying the individual citizens … If something does not match, we will contact them and ask for more information,” SKAT tax director Karin Bergen said in a statement.“This is probably just the tip of the iceberg. Although it is a relatively small bitcoin exchange, the information is a very valuable source, which clearly shows trends and patterns in the area. The knowledge we gain about data mining, segments and methods in general will make us wiser in the area and benefit from our guidance and control work,” Bergen continued.Bitcoin is a taxable asset under Denmark’s 1903 Tax Act, which requires that taxes be paid on any goods purchased and resold for profit, and it is subject to a 53 percent capital gains tax, a hefty sum in line with other investments.The news calls to mind a 2016 order the IRS issued to Coinbase, which asked that the U.S.-based e...

Categories: Regulation|BTC|Exchange|Business|Mining
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Daily Crypto Roundup 12/13/2018

cryptoinsider | 12-13-2018

Razer gaming mining, a German stock exchange plans for crypto, crypto users doubled, PAX popularity, and Weiss said it was time to buy bitcoin. The post Daily Crypto Roundup 12/13/2018 appeared first on Crypto Insider.

Categories: ZEC|Mining|Exchange|Business
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After $4M Funding Round, BlockFi Eyes Savings Account, Crypto Credit Cards

bitcoinmagazine | 12-13-2018

BlockFihttps://bitcoinmagazine.com/articles/blockfi-gives-hodlers-another-option-borrow-against-crypto-assets/, the New York-based startup that provides crypto collateralized loans, has raised additional funds to expand its services. The startup announced that it has received an additional $4 million in its recent funding round in a company blog post.The recently revealed funding round comes some months after the company raised $52.5 million in a round led by Galaxy Digital, including $1.55 million in funding from ConsenSys Ventures and PJC prior.Akuna Capital led today's funding round, with participation from other investors, including Digital Galaxy Ventures, Susquehanna Government Products, Morgan Creek Digital and others. The startup, who recently expanded overseas, says the funding would be used to grow its workforce and launch exciting new products, including a crypto savings account that earns interest and crypto-backed credit cards.Zac Prince, BlockFi CEO, spoke with Bitcoin Magazine, on the funding and the new product lines.He said the company plans to launch two separate credit cards. One would be similar to a prepaid card, where users will be able to spend funds that they receive from taking out a crypto-backed loan from BlockFi’s platform.“[The first] is like a debit or prepaid card where users can receive and spend loan proceeds from BlockFi. The amount they have access to will vary based o...

Categories: BTC|ICO|Business
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Mainstream: 2018 Brought 54 Million New Crypto Users Despite Bear Market

ccn | 12-13-2018

The crypto market may have taken a tumble this year, but that has not diminished interest in the nascent technology. Crypto User Base Booms amid Price Decline According to a report by the Cambridge Center for Alternative Finance, a research center at the University of Cambridge’s Judge Business School, the number of crypto users hasThe post Mainstream: 2018 Brought 54 Million New Crypto Users Despite Bear Market appeared first on CCN

Categories: Market|Trading|Technology|Business
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Making $2,000 a Month With Cryptocurrency – Loop Arbitrage

themerkle | 12-13-2018

When exploring arbitrage opportunities in the world of cryptocurrency and digital assets, there are numerous way to go about things. One of the least explored options is the loop arbitrage option, even though it can easily net higher profits compared to direct trading. These opportunities, while somewhat more difficult to come by, usually carry a […]The post Making $2,000 a Month With Cryptocurrency – Loop Arbitrage appeared first on NullTX.

Categories: Trading|Business
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Basis Stablecoin Confirms Shutdown, Blaming ‘Regulatory Constraints’

coindesk | 12-13-2018

Basis, the most well-funded stablecoin startup, says it couldn't overcome regulatory hurdles and is returning money to its investors.

Categories: Business
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PwC Partners With BitFury to Create Blockchain Accelerator in Russia

cointelegraph | 12-13-2018

Global consulting group PwC partners with mining company Bitfury to launch a business blockchain accelerator in Russia

Categories: Blockchain|Mining|Business
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French Parliamentarians Recommend €500 Million Budget for Blockchain Projects

cryptoglobe | 12-13-2018

Parliamentarians and lawmakers in France have been discussing how to leverage blockchain technology to streamline routine business processes. Jean-Michel Mis,, a seasoned politician who was elected to the French National Assembly last year, remarked during a parliamentary meeting that "2018 was the year zero of the popularization of blockchain in France. The year 2019 must be that of the emergence of this ecosystem."

Categories: Blockchain|Technology|Business
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Press Release: URIS Platform Launches Pre-ICO to Encourage VC Investments in Startups

trustnodes | 12-13-2018

Out of millions of startups created around the world each year, only a few hundreds of them manage to secure funding from venture capital investors. Even though VC investors are...The post Press Release: URIS Platform Launches Pre-ICO to Encourage VC Investments in Startups appeared first on Trustnodes.

Categories: Business|Sponsored
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Top Stablecoin ‘Basis’ May Shut Down Due to Regulation, What Went Wrong?

ccn | 12-13-2018

On December 13, Frank Chapparo at The Block reported that Basis, a crypto stablecoin project that raised around $133 million in April, is terminating its operations and is in the process of returning the capital it raised to its investors. The project was funded by some of the largest venture capital firms in the technology spaceThe post Top Stablecoin ‘Basis’ May Shut Down Due to Regulation, What Went Wrong? appeared first on CCN

Categories: ICO|Regulation|USDT|Technology|Business
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Legal Compliance, Patents, and Smart Contracts – Interview With Law Firm Sheppard Mullin’s Blockchain Team Leader

blokt | 12-13-2018

Blockchain technology has unfolded a whole new industry and novel opportunities for business. Entrepreneurs constantly launch new start-ups, trying to apply the nascent technology to real-world applications and improve existing corporate-grade operations. However, this unexplored territory hides numerous traps and obstacles, entrepreneurs often overlook or are unable to identify. Therefore, laying the foundations for a […]Legal Compliance, Patents, and Smart Contracts – Interview With Law Firm Sheppard Mullin’s Blockchain Team Leader was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: Blockchain|Regulation|Technology|BTC|Business
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Chief of Allianz Global Investors Asks Regulators to Introduce Crypto Ban

coinspeaker | 12-13-2018

CoinSpeakerChief of Allianz Global Investors Asks Regulators to Introduce Crypto BanCiting the huge losses incurred by crypto investors amidst this year's market crash, the Allianz chief asked the global regulator to take strict action against crypto assets.Chief of Allianz Global Investors Asks Regulators to Introduce Crypto Ban

Categories: Business|BTC|XRP|Market|Altcoin
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Germany’s Second Largest Stock Exchange is Launching a Zero-Fee Crypto Exchange

ccn | 12-13-2018

The second largest stock exchange in Germany, the Stuttgart Exchange Group and the banking institute SolarisBank are joining forces to create infrastructure for a zero-fee crypto exchange. While some digital currency fanatics welcome large banking establishments into the crypto-affray, others believe it goes against the decentralized nature of cryptocurrency. However, you cannot stop the marketThe post Germany’s Second Largest Stock Exchange is Launching a Zero-Fee Crypto Exchange appeared first on CCN

Categories: Exchange|Business
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Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Institutions Build

ccn | 12-13-2018

According to a Reuters report, Allianz Global Investors (GI) CEO Andreas Utermann encouraged regulators to outlaw crypto. At a conference held in London, directed toward Andrew Bailey, the head of Britain’s Financial Conduct Authority. Utterman said: “You should outlaw it [crypto]. I am personally surprised that regulators haven’t stepped in harder.” Regulators Aren’t Outlawing CryptoThe post Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Institutions Build appeared first on CCN

Categories: Regulation|Business
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Stuttgart Stock Exchange to Launch Crypto Trading Platform in 2019

bitcoinist | 12-13-2018

The Stuttgart stock exchange (Boerse Stuttgart) announced it will launch a crypto trading venue in the first half of 2019 through a partnership with solarisBank.  ‘Taking Trading in Cryptocurrencies to the Next Level’ In an announcement today, solarisBank revealed a key partnership that will bring a new product to the crypto market in 2019. Teaming up with the Boerse Stuttgart Group, Germany’s leading floor-based exchange for retail investors and second largest stock exchange, they will launchRead MoreThe post Stuttgart Stock Exchange to Launch Crypto Trading Platform in 2019 appeared first on Bitcoinist.com.

Categories: Exchange|Business|Trading|BTC|ETH
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Major German Stock Exchange to Launch Crypto Trading Platform

coindesk | 12-13-2018

Germany’s second-largest stock exchange, Boerse Stuttgart, is set to launch crypto trading in the first half of 2019, with ICO token trading coming later.

Categories: Trading|Exchange|ICO|Business
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Benchmark University Study Shines a Spotlight on Crypto Assets

bitcoin.com | 12-13-2018

Judge Business School, a subsidiary of the University of Cambridge, has published its second annual report into the cryptoconomy. Its inaugural report surfaced in April 2017, just as crypto mania was exploding. A lot has happened in the ecosystem since then, and the school’s new 96-page report covers a good portion of it, with a […]The post Benchmark University Study Shines a Spotlight on Crypto Assets appeared first on Bitcoin News.

Categories: BTC|Business
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Crypto Investors Rank Third on Dashlane’s ‘Worst Password Offenders’ List

ccn | 12-13-2018

Password management and crypto custody company Dashlane yesterday announced the third edition if its annual “Worst Password Offenders” list, with cryptocurrency investors sitting at number three on the list. The purpose of the tongue-in-cheek ranking is to highlight password-related mistakes made by high profile individuals and organisations so as to sensitise the public about bestThe post Crypto Investors Rank Third on Dashlane’s ‘Worst Password Offenders’ List appeared first on CCN

Categories: Business
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Major Stablecoin Basis to Close, Return Funds to Investors: Sources

cointelegraph | 12-13-2018

Major algorithmic stablecoin project Basis to shut down operations and return the majority of the $133 million it raised in April, sources report

Categories: ICO|Regulation|Altcoin|Business
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AriseBank Founders to Pay $2.7 Million in Fines to Settle ICO Fraud Charges

cointelegraph | 12-13-2018

A U.S. federal court has ordered the founders of crypto startup AriseBank to pay $2.7 million for allegedly defrauding hundreds of investors in its Initial Coin Offering

Categories: ICO|BTC|Regulation|Altcoin|Business
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Report: Lightning Network Still Way off Being Ready for Commercial Use

bitcoin.com | 12-12-2018

The Lightning Network (LN) is a second-layer protocol that was long promised as a solution to BTC’s scalability problem. However, the off-chain system is still very far from being able to support actual commence according to a new review by business management technology company Scipio ERP. Also Read: The Daily: CEX.io Enforces KYC, Okex Updates […]The post Report: Lightning Network Still Way off Being Ready for Commercial Use appeared first on Bitcoin News.

Categories: BTC|Blockchain|Technology|Business
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Allianz Global Investors CEO Calls for Cryptocurrencies to Be Outlawed

bitcoin.com | 12-12-2018

The head of one of Europe’s largest asset managers, Allianz Global, has called for global regulators to “outlaw” crypto assets. The outburst from CEO Andreas Utermann came during a panel discussion in London.  Also read: Netherlands to Regulate Cryptocurrencies in Bid to Curb Money Laundering Cryptocurrencies Have “Wiped out People’s Savings” Allianz Global Investors chief Andreas Utermann […]The post Allianz Global Investors CEO Calls for Cryptocurrencies to Be Outlawed appeared first on Bitcoin News.

Categories: Business|BTC|Regulation
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€29 Million: UK-Based Crypto Platform Allegedly Defrauded By 'Colluding' Customers

cryptoglobe | 12-12-2018

Dooga Ltd., a UK-based company whose stock had traded under the registered trademark “Cubits”, has reported that it was “the victim of a serious criminal act” - which allegedly involves its customers “colluding with fraudsters” to steal millions of dolllars in bitcoin (BTC).According to a notice on the official Cubits website, the “criminal act” took place in February 2018 and “involved the accounts of three” of the company’s clients. Bitcoins that had a market value “at that time” of about €29 million were “properly delivered and subsequently withdrawn, with the customers” working secretly with “fraudsters”, Dooga Ltd. has claimed.

Categories: BTC|Market|Business
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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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Cryptocurrencies Should Be 'Outlawed’, Allianz GI CEO Claims

cryptoglobe | 12-12-2018

Andreas Utermann, the chief executive officer of Allianz Global Investors, has recently argued cryptocurrencies like bitcoin should be “outlawed” as he believes these have been harmful to retail investors who put their money into them.

Categories: Business|BTC
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Southern Europe Signs Blockchain Accord, House Bill to Promote Cryptos, CFTC Requests Comments on ETH, Augur Faces a Governance Question

trustnodes | 12-12-2018

The Ministers of France, Italy, Spain, Greece, Malta, Portugal and Cyprus have signed a declaration that states, among other things: “As a technology based on trust, we see Distributed Ledger Technologies as...The post Southern Europe Signs Blockchain Accord, House Bill to Promote Cryptos, CFTC Requests Comments on ETH, Augur Faces a Governance Question appeared first on Trustnodes.

Categories: ETH|Blockchain|Technology|Wallet