EXCHANGES

Crypto Facilitates Money Transfer for Restricted China

[ad_1] Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that transferring money can be difficult. In spite of bitcoin’s somewhat precarious legal standing within the nation, Chinese
BLOCKCHAIN

BlockFi Clients Can Now Start Earning Interest On Any Amount of Crypto

[ad_1] Clients of BlockFi, a cryptocurrency lending company, will now be able to start earning interest on any amount of Bitcoin (BTC), Ether (ETH), and Gemini Dollar (GUSD).No minimum deposit to earn interestOn Sept. 13, the New York-based cryptocurrency lending company, BlockFi, announced that, starting today, its BlockFi Interest Account (BIA) clients will not be required to meet a minimum deposit amount in order for them to earn interest on
Business

Major BTC ATM Network Garners $1.5 Million From Xpring and New VC Fund

[ad_1] Ripple’s Xpring and Blockchain Finance Fund have invested $1.5 million in Seattle-based crypto ATM startup Coinme.Coinme secures $1.5 million in fundingOn Sept. 12, Coinme, a global leader in cryptocurrency ATMs, announced that it had secured $1.5 million in funding from Ripple’s Xpring and the Blockchain Finance Fund to further develop its cryptocurrency ATM network in the U.S. and international markets.Coinme, in partnership with Coinstar, powers the world’s largest Bitcoin
EXCHANGES

Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades Initiated

[ad_1] Three months ago, Bitcoin.com launched its over-the-counter BCH marketplace on June 4. Since then, Local.Bitcoin.com has aggregated more than 56,000 accounts, hundreds of bustling users every day and thousands of BCH trade offers. Also Read: Plans to Build $50M Bitcoin Cash Tech Park Revealed 56,000 Local.Bitcoin.com Accounts and Growing Over the last few months, the peer-to-peer marketplace Local.Bitcoin.com has seen steady growth when it comes to registered accounts and
Business

After Multiple False Starts, Venezuela May Have Its First Bitcoin ATM

[ad_1] According to data by Coin ATM Radar, Venezuela has finally gotten its very first Bitcoin ATM.Multiple attempts to install Bitcoin ATMVenezuela’s first crypto ATM was installed on Sept. 10, in the city of San Antonio del Táchira, according to data by Coin ATM Radar, a website that facilitates the online search for the nearest Bitcoin ATM. Latin American firm Panda BTM installed the Bitcoin ATM inside a small convenience store, called
BLOCKCHAIN

The Company Behind Zcash Announces Proposed Solution to Trusted Setup

[ad_1] Electric Coin Company (ECC), which launched and supports the development of privacy-coin Zcash recently published a paper called: Halo: Recursive Proof Composition without a Trusted Setup.On Sept. 10, ECC announced in a blog post that engineer and cryptographer Sean Bowe had discovered a way of “creating practical, scalable and trustless cryptographic proving” techniques, which claims to end a 10-year-long pursuit by the cryptography communities. He called the solution Halo.Halo
EXCHANGES

Latest Pitch to Recover Lost Mt. Gox Bitcoin Has Critics Raising Red Flags

[ad_1] A group of Russian lawyers claims that it has found a path to financial remuneration for victims who lost bitcoin in the historic 2014 Mt. Gox hack. But one blockchain lawyer, as well as other creditors, are cautioning that the deal being offered is more sour than sweet. The news comes after a dizzying saga for victims of the hack, whose only hope of resolution seemed to be through
BLOCKCHAIN

Startup Particl Reveals Marketplaces Creation and Management Feature

[ad_1] Privacy-focused blockchain software project Particl has announced a market management option that allows vendors to create and manage stores for specific audiences.Particl revealed the development in a press release shared with Cointelegraph on Sept. 12. With the new feature for its Open Marketplace product, Particl will enable vendors to set up an unlimited number of marketplaces within the ecosystem and share them with a specific group of customers. Such
Business

US Treasury Sanctions North Korean Hacker Groups for Cyber Attacks

[ad_1] The United States Treasury Department announced further sanctions against three North Korean state-sponsored hacker groups, responsible for “North Korea’s malicious cyber activity on critical infrastructure.”Continue to enforce existing U.S. and U.N. sanctions against North KoreaOn Sept. 13, the U.S. Department of Treasury announced sanctions against North Korean hacking groups, more specifically the renowned Lazarus group, and two lesser-known entities, Bluenoroff and Andariel. Sigal Mandelker, Treasury Under Secretary for Terrorism
EXCHANGES

Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will

[ad_1] Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet. Smaller banks, however, are more willing to occupy this niche and reap the rewards. Also read: Crypto Banking Expands With Positive Interest Rates