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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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