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Tuesday, November 19, 2019

CryptoCurrency News: Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions



The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading.

via CoinDesk

CryptoCurrency News: FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What



“Just because you say you are a banana doesn’t make you a banana,” said Director Blanco.

via CoinDesk

CryptoCurrency News: Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings



Galaxy Digital is tapping Bakkt and Fidelity Digital Assets to store the bitcoin for its two new funds.

via CoinDesk

CryptoCurrency News: Grayscale’s Bitcoin Trust Seeks SEC Reporting Company Status



Grayscale Investments has filed to register its bitcoin trust as an SEC reporting company, potentially the first crypto vehicle to attain such status.

via CoinDesk

CryptoCurrency News: Blockchain Capital Leads $25M Funding Round for Libra Member Bison Trails



Bison Trails has secured a $25.5 million Series A round led by Blockchain Capital to develop the firm’s infrastructure services.

via CoinDesk

CryptoCurrency News: When Lambo? Crypto’s Favorite Automaker to Track Cars on Salesforce Blockchain



Automobili Lamborghini, the manufacturer of the most craved sports cars in crypto, will trial blockchain tech in its supply chain operations.

via CoinDesk

CryptoCurrency News: PayPal Joins $4.2M Round for Crypto Banking Compliance Startup



Reddit founder Alexis Ohanian’s Initialized Capital, Blockchain Capital and PayPal Ventures are backing TRM Labs in its effort to help financial firms manage crypto risk.

via CoinDesk

CryptoCurrency News: Canada’s Einstein Exchange No Longer Has Bulk of Users’ Claimed CA$16M: Receiver



The exchange, taken over by a Canadian securities regulator two weeks ago, has just CA$45,000 in crypto and cash left.

via CoinDesk

CryptoCurrency News: IRS Focusing on Potential Illicit Activities Facilitated by Bitcoin ATMs: Official



The Internal Revenue Service is looking at bitcoin ATMs and their potential to facilitate illicit activities, its criminal investigation chief said.

via CoinDesk

CryptoCurrency News: Bitcoin Price Faces Deeper Dive as Bear Cross Confirmed



Bitcoin looks set to test support at $7,520 after a bearish cross was confirmed Monday and recent gloomy China news.

via CoinDesk

CryptoCurrency News: DAI Is Moving Beyond Ether, But DeFi Isn’t Decentralized Just Yet



MakerDAO may be diversifying the assets it works with, but it has a long way to go to decentralize the power to make key decisions.

via CoinDesk

CryptoCurrency News: Brooklyn ICO Promoter Sentenced to 18 Months in Federal Prison



The fraudster used diamonds and real estate to whisk away $300,000 in other people's money in 2017.

via CoinDesk

CryptoCurrency News: The SEC Is Reviewing the Bitwise Bitcoin ETF Rejection



The agency’s five commissioners will review a staff decision to reject the rule-change proposal for a bitcoin ETF made last month.

via CoinDesk

CryptoCurrency News: Andrew Yang Campaign Releases Technology Plan Focused on Rebuilding Public Relationship With Big Tech



The crypto-friendly presidential candidate outlined his tech visions in a blog post to his campaign site.

via CoinDesk

CryptoCurrency News: FEMA Advisory Board Proposes Blockchain to Speed ‘Disaster Dividend’ Payouts



The NAC argued that blockchain could improve the speed of payouts communities rely on in the wake of natural disasters.

via CoinDesk

CryptoCurrency News: Bitcoin Tumbles 4.7%, Most in Two Months, as China-Fueled Enthusiasm Wanes



Bitcoin prices tumbled on Monday by the most in two months, falling below a key threshold of $8,200 not seen since late October.

via CoinDesk

CryptoCurrency News: No, Royal Bank of Canada Isn’t Opening a Crypto Exchange



Contrary to recent media reports, Canada’s largest bank is not opening a crypto exchange.

via CoinDesk

CryptoCurrency News: UK Law Panel Defines Crypto Assets as Property



A panel of senior British judges and lawyers has moved to clarify the legal status of cryptocurrencies and smart contracts.

via CoinDesk

CryptoCurrency News: US Crypto Firms Will Soon Have Another Banking Option



U.K.-based Cashaa, which describes itself as a banking service platform, is about to launch bank accounts for stateside crypto firms denominated in U.S. dollars.

via CoinDesk

CryptoCurrency News: Chinese Army’s Blockchain Provider Approved for New Hyperledger Certification Program



Hyperledger green-lit a Beijing-based firm that serves the Chinese army to join its new certification program, as military blockchain use expands.

via CoinDesk

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