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Litecoin creator Charlie Lee could be made a board member at the German bank the Litecoin Foundation – the group in which he serves as managing director – recently obtained a stake in. The deal for a 9.9 percent stake in WEG Bank AG resulted through a partnership with the crypto startup TokenPay, as previously …

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U.S. cryptocurrency exchange Coinbase has reportedly received regulatory approval to acquire several securities firms – a move that could eventually see it supporting trading in tokens deemed as securities. A spokesperson for the exchange said on Monday that both the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have approved …

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The world’s first bank-backed cryptocurrency exchange is now open to the public after months of delays. Japanese financial giant SBI Holdings formally launched its in-house cryptocurrency trading platform dubbed VCTRADE last month. Yet as reported by CoinDesk at the time, the trading service was only available for a group of selected users who pre-registered with the platform in …

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The U.S. Department of Energy (DoE) has announced it will award a grant of nearly $1 million to a blockchain startup in a move aimed to advance the development of a decentralized energy grid. The Colorado-based Grid7 is one of 95 grant recipients announced by the DoE on Monday, which all won the second phase of the …

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The U.S. Department of Energy (DoE) has announced it will award a grant of nearly $1 million to a blockchain startup in an effort to advance the development of a decentralized energy grid infrastructure. The Colorado-based Grid7 is among the 95 grant recipients announced by the DoE on Monday, who won the agency’s second phase Small …

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The notoriously difficult Chartered Financial Analyst (CFA) Program exams are about to get that much tougher. Dubbed “the most brutal exam in the world of finance” by Business Insider, the three-part test covering several different areas of finance – all with a heavy focus on ethics – is about to add topics on cryptocurrencies and …

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The much-publicized partnership that would have resulted in digital media brand Kodak’s name appearing on a series of bitcoin miners is no more. Revealed in January at the CES tech show in Las Vegas, the Kodak KashMiner boasted a two-year income projection of $9,000 and required an up-front payment of roughly one-third of that amount. …

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A Russian national accused of laundering billions of dollars on the now-defunct crypto exchange BTC-e could soon be extradited to France following a court decision. Since his arrest last summer, Alexander Vinnik has been at the center of a legal tug-of-war between the governments of Russia, the U.S. and, more recently, France, all of which …

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The Hong Kong Monetary Authority (HKMA), the autonomous Chinese territory’s de facto central bank, is poised to launch a live blockchain trade finance platform within two months. “The Trade Finance Platform is a blockchain project initiated by 7 banks in Hong Kong. The project has been facilitated by the HKMA and is targeted for launch …

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The Financial Stability Board (FSB), an organization focused on analyzing and making recommendations to the G20 on global financial systems, has presented a framework for monitoring cryptocurrency assets. It notably lists several metrics that the FSB will use to keep an eye on the developing crypto markets and “should help to identify and mitigate risks to …

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A self-regulatory organization in Thailand is planning a custom token aimed to speed up corporate bond settlement in the country. The Thailand Bond Market Association (TBMA) said it has received the green light from Thailand’s Securities and Exchange Commission to develop a private blockchain that will be only accessible for parties in the bond market, …

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Cryptocurrency exchange OKCoin has launched a branch in the U.S. market offering trading services between U.S. dollars and several major cryptocurrencies. According to OKCoin’s website on Friday, the exchange has already launched the new offering and is now accepting U.S. dollars deposits and withdrawals, as well as trading against bitcoin, bitcoin cash, litecoin, ethereum and ethereum …

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Cryptocurrency exchange OKCoin has launched a branch in the U.S. market to offer trading services between U.S. dollars and several major cryptocurrencies. According to OKCoin’s website on Friday, the exchange already started the new offering with support of U.S. dollars deposit and withdrawal as well as trading against bitcoin, bitcoin cash, litecoin, ethereum and ethereum classic. …

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Local police officials in China seized more than $1.5 million worth of cryptocurrencies as part of a crackdown on gambling during the 2018 FIFA World Cup. Chinese state-run media outlet Xinhua reported on July 11 that authorities first noticed the unnamed gambling platform in May following advertisements that claimed it would “accept international recognized cryptocurrencies including …

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Tether, the company behind the controversial, dollar-tied “stablecoin” known as USDT, has hired a chief compliance officer from the eighth-largest bank in North America. Leonard Real is a former anti-money laundering (AML) analyst for the Bank of Montreal, where he worked for four years in three different positions. The hiring announcement comes less than a month …

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Binance, one of the biggest cryptocurrency exchanges in the world, is reportedly among a number of investors backing a decentralized bank to be launched in Malta. Bloomberg reported Thursday that Binance had confirmed it has acquired a 5 percent stake in the so-called Founders Bank at a €133 million euro ($155 million) pre-investment valuation. Founders Bank …

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An Australian retail bank has revised its contract terms to prohibit borrowers from using loans such as mortgages to purchase cryptocurrency. According a report from Australia Finance Review on Thursday, Bank of Queensland, which is publicly traded on Australia’s stock exchange and one of the country’s oldest retail banks, has confirmed the change of the loan agreements, which …

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South Korea’s National Assembly is reportedly set to witness a whirlwind of legislative efforts around cryptocurrencies in the coming days. Between July 13 and 26, members of a number of Korean political parties are expected to submit bills focused on regulating cryptocurrencies, initial coin offerings and blockchain, according to a report from The Korea Times. Among …

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Litecoin Foundation, the non-profit that supports the popular cryptocurrency, has acquired a near 10 percent stake in a German bank. The deal comes as the result of an agreement with TokenPay, a crypto-to-fiat payments firm, according to an announcement on Tuesday. TokenPay has now passed ownership of the 9.9 percent of equity in WEG Bank …

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The authority that governs the Philippines Cagayan Special Economic Zone and Freeport is aiming to earn $67 million just by issuing cryptocurrency exchange licenses. According to a report from the country’s government news agency on Tuesday, the Cagayan Economic Zone Authority (CEZA) has announced it has just granted a principle operation license to a Hong Kong-based …

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