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Brazilian Crypto Exchange Wins Legal Battle Over Closed Bank Account

[ad_1] A court in Rio de Janeiro has ruled in favor of Brazilian crypto exchange Mercado Bitcoin in a case over the closure of one of its checking accounts. The judicial instance turned down an appeal filed by Banco Sicoob against a decision by the district court in Barra da Tijuca which granted the exchange the right to keep its account open.   Also read: Coinsquare Lays off 40 Employees
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Bitcoin and Various Altcoins Now Accepted by H&M Distributors

[ad_1] In its slow-but-steady crawl towards mass adoption, Bitcoin (BTC) will now be accepted at American wholesaler H&M Distributors.  Not to be confused with the Swedish multinational clothing-retail company Hennes & Mauritz AB, H&M Distributors instead deals in cost-effective lighting — specifically, replacement ballasts, lamp holders, and accessories for lamp holders. Though this may not be the most glorious or exciting announcement in the Bitcoin’s history of acceptance as a
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Union Bank of the Philippines Launching Cryptocurrency ATM

[ad_1] One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that is in compliance with Bangko Sentral ng Pilipinas’ specifications. In the Philippines, the central bank regulates cryptocurrencies “when used for delivery of financial services, particularly, for payments and remittances.” Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Unionbank’s ATM The Philippine Star reported on Wednesday that the Union Bank
BLOCKCHAIN

Bakkt Will Launch Later This Year

[ad_1] The CEO of the Intercontinental Exchange (ICE) expects the firm’s digital asset platform Bakkt to launch later in 2019. The comment was made by ICE CEO Jeff Sprecher during an earnings call Thursday, Feb. 7.The call was dedicated to ICE’s financial results for Q4 and the full year of 2018. Sprecher explained that the company spent over $1 billion on strategic initiatives, including on the launch of the digital
Business

Cryptos See Mild Movements After Market Surge, Bitcoin Holds Above $3,600

[ad_1] Saturday, Feb. 9 — as Coin360 data shows, major cryptocurrencies are facing a mix of mild gains and losses, following a major market surge since yesterday. Bitcoin (BTC) is holding steady above the $3,600 price point.Market visualization from Coin360BTC gained over $200 in value on Friday, Feb. 8, reaching a multi-week high of $3,691 throughout the day. The top currency continued to trade sideways today, before stabilizing to press
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Bitcoin Lightning Network Hits 6,000 Nodes After Week Of Twitter Spotlight

[ad_1] Bitcoin’s mainnet Lightning Network implementation has hit new records across the board as its rapid growth continues in 2019. 6,000 Nodes, $2.4 Million Capacity Data from monitoring resource 1ML.com confirms that the number of active nodes, channels and overall transaction capacity of Lightning are all now higher than ever in its thirteen-month history. The increase in size comes as Lightning gains publicity beyond the Bitcoin technical community thanks to
Business

NYSE Operator’s Crypto Platform Bakkt Finalizes Its First Acquisition

[ad_1] Bakkt, the much-anticipated digital assets platform operated by the Intercontinental Exchange (ICE), has closed its first acquisition, a tweet from the company revealed Feb. 8.The move marks the finalization of an acquisition of assets in futures commission merchant Rosenthal Collins Group (RCG). “With today’s closing of our transaction with Rosenthal Collins Group, we welcome great new team members to Bakkt,” the statement reads. By acquiring certain assets in the
Business

New Players, Veterans and Startups Which Didn’t Make the Cut

[ad_1] Recently, Forbes published the fresh edition of its “Fintech 50” list, counting the world’s top financial technology firms. Notably, there are just six crypto and blockchain companies featured this year, while the 2018 list contained 11 players from the field.Given that the notorious crypto boom of 2017 has been followed by the relentless bear market, it is hardly surprising. Nevertheless, while there is considerably fewer crypto companies featured this
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‘This is the Next Dotcom’ – 95% of Cryptocurrencies ‘Useless,’ Says Bitwise Market Analyst

[ad_1] Matt Hougan of Bitwise Asset Management believes the sooner the cryptocurrency purge happens, the better it will be for the fledgling industry. Hougan says he expects the coming reckoning to wipe away the many worthless coins currently in existence, much like during the dot-com era. 95 Percent of Cryptos Are ‘Useless’ Appearing on the Masters in Business podcast hosted by Barry Ritholtz, the Bitwise head of global research offered
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The Daily: Cointelligence’s Exchange Rating System, Bithumb Launches OTC Desk

[ad_1] In the first edition of The Daily this weekend, we cover the details around the launch of a new cryptocurrency exchange rating system by Cointelligence. Also, South Korean exchange Bithumb has announced it’s establishing an OTC trading desk in Hong Kong, and the popular messenger service Telegram has postponed the launch of its TON network until March. Also read: Huobi Adds USD Trading Pairs, Airswap Launches Fiat-to-Crypto Exchange Cointelligence