EXCHANGES

New York Orders Bittrex to Cease Operations but Approves Bitstamp

[ad_1] New York State’s financial regulator has ordered Bittrex to cease operating in the state after rejecting its application for a Bitlicense. Multiple deficiencies were cited, some of which Bittrex immediately disputed. Meanwhile, Bitstamp has been green-lighted to offer the trading of five cryptocurrencies in the state. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request One Approval, One Rejection The New York State Department of Financial Services
EXCHANGES

IMF: ‘Financial Inclusion’ Will Boost Global Economy (As Long as It’s Not Bitcoin)

[ad_1] The International Monetary Fund warns that global growth is slowing to its lowest rate since the financial crisis. But while it urges financial inclusion, don’t expect the IMF to embrace Bitcoin anytime soon. Lowest Economic Growth Since Financial Crisis After performing a downward revision, to the lowest since the financial crisis, the International Monetary Fund (IMF) recently issued a grim warning: Global growth softened to 3.6 percent in 2018
BLOCKCHAIN

Coinbase Crypto Exchange Debuts Visa Card for UK Customers

[ad_1] Major American cryptocurrency exchange Coinbase has launched Coinbase Card, that enables its United Kingdom-based customers to pay in-store and online with cryptocurrency. The development was announced in a blog post published on April 10.The Coinbase Card is a Visa debit card powered by customers’ Coinbase account crypto balances, which allows them to make purchases with digital currencies worldwide. Coinbase instantly converts customers' cryptocurrency funds into fiat currency in order
EXCHANGES

Moon Landing or Misfire? 2019’s Biggest Initial Exchange Offerings Analyzed

[ad_1] Whatever your feelings on initial exchange offerings (IEOs), there’s been no avoiding them this year. Nurtured under the wing of cryptocurrency exchanges before being unleashed onto liquid secondary markets, many tokens have mooned, while a few have fizzled out like damp squibs. To gauge the current market sentiment toward IEOs, news.Bitcoin.com has calculated the return on investment (ROI) for the first wave of initial exchange offerings. Also read: How
BLOCKCHAIN

Bittrex Responds to NYDFS Denial of BitLicense Application, Cites Factual Inaccuracies

[ad_1] United States-based cryptocurrency exchange Bittrex has responded to the New York Department of Financial Services’ (NYDFS) denial of the company's BitLicense application in a press release published on April 10.Earlier today, NYDFS denied Bittrex’s application for a BitLicense — which is required to conduct virtual currency related business in the state of New York — claiming that the exchange had inadequate policies and controls regarding Anti-Money Laundering (AML), Know
BLOCKCHAIN

Bermuda Ministry of Finance Approves Velocity Ledger ICO

[ad_1] The Bermuda Ministry of Finance has approved the initial coin offering (ICO) of trading company Velocity Ledger Holdings Limited (VLHL), according to a press release published on April 10.VLHL’s subsidiary VL Financial is now in the application process with the Bermuda Monetary Authority (BMA) to obtain the relevant licenses to operate. If approved by the BMA, the company will operate a digital asset exchange in Bermuda. The release notes
ALTCOIN

Tron Has Fastest Growing DApp User Base, Ethereum Still Developers’ First Choice

[ad_1] A report released on April 9 by DApp (Decentralized Application) analytics website DApp.com reveals that Tron (TRX) has the fastest growing DApp user base while Ethereum’s (ETH) DApp user base is shrinking.On the Ethereum chain, there was a 4 percent decrease in the number of DApp users compared to last year. About 72,422 old users are still using Ethereum-based DApps in 2019. Decentralized Exchanges (DEXs) are responsible for more
BLOCKCHAIN

Major Bank CEOs Testify at US Congress, Topics Include Blockchain and Crypto

[ad_1] Chief executive officers of leading banks testified before the United States House of Representatives Financial Services Committee on April 10 on how the banking industry has transformed since the 2008 financial crisis. Among many topics spanning the breadth of the banking industry, the CEOs and lawmakers discussed blockchain technology and cryptocurrencies.During his allotted time for questioning, Rep. Warren Davidson (R) argued that the industry is entering into a new
BLOCKCHAIN

Ripple Xpring, Bain Capital Invest in Early-Stage Blockchain VC Firm Robot Ventures

[ad_1] Ripple’s developer ecosystem project Xpring and Bain Capital Ventures have invested in early-stage blockchain venture capital (VC) firm Robot Ventures, head of the fund Robert Leshner wrote in a blog post on April 10.Leshner, who also founded Ethereum-based financial open-source protocol Compound, has already completed two investments within its new venture capital initiative.Targeting fintech and product strategy disruptors, Robot Ventures invested in crypto mining firm Coinmine and Point, a
EXCHANGES

Bitcoin Cash Users Have Mixed Millions of Dollars Since Cashshuffle’s Launch

[ad_1] Since the launch of bitcoin cash (BCH) mixer Cashshuffle a fortnight ago, the platform has accrued a lot of attention and users. A total of 8,625 BCH shuffled outputs have been recorded since March 27 and close to 2,000 Cashshuffle transactions. Also Read: Liberland’s Merit Token Built on Bitcoin Cash Captures $1M Market Cap ‘Every Day I’m Shuffling’ The Cashshuffle platform is gaining traction. Since the initial launch, and