EXCHANGES

Royal Bank of Canada Patents Point to Crypto Exchange Launch

[ad_1] The largest bank in Canada by market capitalization, Royal Bank of Canada (RBC), is reportedly opening a cryptocurrency exchange. Patents have been discovered that reveal some of the technology the RBC may implement, which could be used to bring digital currency trading to the bank’s 16 million clients. Also read: Bankers Start to Recognize Bitcoin’s Role in Financial Evolution The Royal Bank of Canada May Launch a Crypto Exchange
Business

Crypto Markets Turn Red While BTC Fails to Impress Below $8,500

[ad_1] Friday, Nov. 15 — Crypto markets are mostly showing red candlesticks, while Bitcoin (BTC) fails to impress as it crawls its way below the $8,500 price point.Cryptocurrency market daily overview. Source: Coin360For most of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,700 and $8,600, while taking a sudden swing below the $8,500 price mark during recent hours. Bitcoin is currently trading at
EXCHANGES

The Crypto Companies Reinventing the Wallet

[ad_1] You wouldn’t think there was much to improve about cryptocurrency wallets. Save for a few UX improvements here and there, what’s to reinvent? A surprising amount, it turns out. This year has seen a resurgence in wallet investment and innovation, with VCs throwing funds at startups intent on reinventing the humble wallet. Also read: Bitcoin.com Wallet App Marks Over Five Million Wallets Created There’s More Than One Way to
Business

New Files Allegedly Connect $450M in Lost Bitcoin to Russian Intelligence

[ad_1] $450 million worth of lost cryptocurrency from the now-defunct cryptocurrency exchange WEX may have been transferred to a fund belonging to Russian intelligence agency the Federal Security Bureau (FSB), according to an investigation by the BBC’s Russian Service published on Nov. 15.The BBC’s recent investigation into the BTC-e crypto exchange case, in which co-founder Alexander Vinnik stands accused of fraud and laundering as much as $4 billion in Bitcoin
BLOCKCHAIN

US Will Strictly Enforce Anti-Money Laundering In Crypto

[ad_1] The United States Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco said that Anti-Money Laundering (AML) laws will be strictly enforced in the world of cryptocurrencies.On Nov. 15, Reuters reported that Blanco made it crystal clear that cryptocurrency companies engaged in money service businesses will have to comply with AML laws and share information about their customers.Travel rule also applies to cryptoSpeaking at a conference hosted by Chainalysis, a
EXCHANGES

Will China Adopt Blockchain for its Social Credit System?

[ad_1] They said blockchain would bring freedom by challenging world governments and greedy financial institutions. But what if blockchain is the ideal tool to enable totalitarianism? What if China Moves its Social Credit System to Blockchain? A few weeks ago, Chinese President Xi Jinping surprised the world by calling blockchain an important breakthrough, and announcing extra funding for the technology. Shortly after Xi’s endorsement speech, China announced that it planned
BLOCKCHAIN

Blockchain Firm Partners With Cannabis Data App to Create Research Project

[ad_1] A blockchain-based data marketplace, Measure Protocol, and a cannabis-oriented survey rewards app, Broccoli, will jointly establish a research community for cannabis users.According to a Nov. 12 press release, the companies will use the new community to survey consumers, collect data and make reports dedicated to cannabis use and the industry. In doing so, the parties intend to discuss the benefits of cannabis, debunk or prove myths surrounding it, and
EXCHANGES

Bitcoin SV Miners Forced to HODL, Crypto Fund CIO Says

[ad_1] Recent data reveals that BSV miners are increasingly holding their block rewards as opposed to selling them on the market. Some argue that this is the result of a decreasing demand for the asset.  Celebrating 1 Year Anniversary Bitcoin SV celebrates it’s first year of mining today, since hard-forking from Bitcoin Cash and striking out to become the ‘true’ Bitcoin protocol. The project has endeavoured to compete with both