Blockchain 

Bitstamp Crypto Exchange Expands Into Asia-Pacific Region With New Hire

Luxembourg-based cryptocurrency exchange Bitstamp has hired Andrew Leelarthaepin to lead its business development efforts in the Asia-Pacific (APAC) region. In a Nov. 13 press release, Bitstamp announced that Leelarthaepin was joining the company to further expand the exchange’s presence in Asia-Pacific “to meet the growing level of demand for the exchange’s services.”  Bitstamp’s struggle to establish a local presence in Asia Miha Grčar, global head of business development at Bitstamp, said that the crypto exchange already has “an excellent reputation” in the West, but has so far been unable to…

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Blockchain 

Uncork Capital, Coinbase VC Arm, Others Invest $4 M in Crypto Analytics Firm Messari

Uncork Capital has led a $4 million funding round that also saw funding from Coinbase Ventures for blockchain analytics firm Messari. Who’s who of new investors On Nov. 13, Messari announced that it had closed a $4 million funding round led by Uncork Capital, with participation from other top investors including Coinbase Ventures, Anthemis Group, Blockchain Capital, CoinFund, and former Coinbase CTO Balaji Srinivasan. The data analytics firm intends to invest the raised funds into further automating its data ingestion process and its redistribution capabilities for registry clients, while broadening…

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Bitcoin 

Do Lawmakers Use AML as an Excuse to Centralize Crypto and Blockchain?

Cryptocurrencies came to life as a counterweight to the global financial restrictions that are powered by banks and regulators through the use of fiat. Therefore, it is fitting that Bitcoin (BTC) broke into the limelight in 2009 and raised a lot of controversies right form the start.  By design, all blockchain transactions are recorded on an immutable ledger. Therefore, even though it would take immense work, skilled auditors like Ernst & Young are able to find irregularities — as opposed to fiat, which it is claimed that 99.9% of money…

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Blockchain 

With New Crypto Hardware Wallet, Evercoin Takes Aim at Trezor and Ledger

Evercoin announced the launch of Evercoin 2 today, Nov. 12, at New York Consensus Invest Summit. Evercoin claims that its new wallet is the safest hardware wallet currently on the market, providing users with an end-to-end encrypted ownership solution for cryptocurrency storage.  Powered by YubiKey 5ci —  a security key designed to deliver strong hardware-backed authentication for iPhones and other devices — Evercoin 2 contains a hardware wallet no bigger than a house key. This is the first hardware wallet to use YubiKey 5ci for iPhone and USB-C for android…

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Blockchain 

New Product Specialist Joins Fidelity to Focus on Crypto Strategy

Fidelity Investments has hired Michael Zinaman as its product specialist to further develop a range of products in the company. Fidelity’s strategy on cryptocurrencies On Nov. 12, the Block reported that Michael Zinaman had joined financial services company Fidelity Investments. Zinaman will reportedly oversee the company’s strategy on cryptocurrencies, custody and execution services. Zinaman started his new position as product specialist at Fidelity just over a month ago, where he was hired to focus on the company’s cryptocurrency strategy, according to a source with knowledge of the matter. His LinkedIn…

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Blockchain 

Two Former Circle Executives Co-Found Proprietary Crypto Trading Firm

Two former executives at crypto finance firm Circle and former DRW executive jointly founded proprietary crypto trading firm CMS Holdings. The new venture Coindesk reported on Nov. 12 that the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter desk Circle Trade — and former technology executive Julien Collard-Seguin alongside a third partner. The third founder is the former head of trading at Cumberland (the crypto trading arm of brokerage DRW) Bobby Cho. According to the outlet, the three decided to…

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Bitcoin 

HTC Launches Limited Run of Smartphone With Crypto Exchange Binance

Taiwan-based smartphone maker HTC will launch a limited edition of the Exodus 1 featuring services by major global crypto exchange Binance. The Binance Edition Exodus 1 supports the Binance public blockchain, Binance Chain, as well as its decentralized counterpart Binance DEX, the firms announced Nov. 12. Exodus 1’s native crypto wallet is integrated with Binance DEX HTC and Binance announced the news at a Binance Super Meetup in Singapore attended by Binance CEO Changpeng Zhao and CFO Wei Zhou, according to a press release shared with Cointelegraph. The Binance Edition…

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Ethereum 

Regulated Swiss Crypto Bank SEBA Opens Doors

Switzerland-based cryptocurrency bank SEBA has launched its services for professional investors and enterprise clients, according to an official news release published on Nov. 12. As reported, SEBA Bank AG (formerly SEBA Crypto AG) is a fully-regulated institution, having secured a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August of this year. A fully-fledged, regulated crypto bank According to the announcement, the bank’s services are now fully operational for a range of prospective clients, including corporates, asset managers and professional private investors. SEBA will…

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Blockchain 

Wyoming Unveils First-Ever Crypto Custody Rules for ‘Blockchain Banks’

The United States’ state of Wyoming has unveiled a series of opt-in custody rules for its so-dubbed “blockchain banks,” covering areas such as forks, airdrops and staking.  The rules were announced during the Fordham Law Blockchain Regulatory Symposium in New York on Nov. 11, according to a thread of tweets published by Wyoming Blockchain Task Force president Caitlin Long. “First-ever” regulatory provisions for crypto custodians in many areas  Wyoming’s “blockchain banks” — legally known as “special purpose depository institutions” (SPDIs) — were approved by the Wyoming state legislature in February…

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Bitcoin 

Canada’s Largest Bank Mulls Crypto Exchange After Bitcoin Ban — Report

A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange.  As innovation economy news outlet The Logic reported on Nov. 11, the Royal Bank of Canada (RBC) is now rumored to be considering the plans. RBC reportedly planning multifunctional exchange RBC is the largest bank in Canada by market capitalization, with $660 billion in assets under management.  According to The Logic, the bank is entertaining the possibility for the exchange to function both for investments and…

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