ECB official proposes unified European ledger for digital assets
European Central Bank executive board member Piero Cipollone would like to see a sort of European union for digital assets.
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Major Korean Bank Clamps Down on Accounts Linked to Crypto Exchanges
One of South Korea’s biggest banks is planning to intensify regulations on accounts linked to crypto exchanges, BEI News reported on July 1.The “special measures” Shinhan Bank are proposing would reportedly involve dedicating staff to analyzing account transactions.It is believed the bank is hoping to distance itself from claims that it is helping financial criminals,…
Dormant crypto exchange Cobinhood to ax real-time customer support in 2021
Once a popular exchange, Cobinhood is phasing out more services. 2234 Total views 23 Total shares Taiwan-based cryptocurrency exchange Cobinhood is making significant adjustments to its customer service practices in 2021.According to an official announcement on Nov. 1, Cobinhood will change its customer service policy to get rid of real-time interactions with clients.Starting Jan. 1,…
Leaked Tax Filing: CEO of Under Fire Brazilian Firm Owns 25,000 Bitcoin
The CEO of Brazilian cryptocurrency firm Grupo Bitcoin Banco has claimed 25,000 Bitcoins (BTC) — a staggering $209 million as of press time — on a tax filing, while also saying his firm is unable to pay out customer funds as the result of a hack. The tax document was shared with Cointelegraph by an individual…
Visa to acquire cross-border payments fintech Currencycloud
The lines between traditional payments networks and fintech continue to blur with Visa's acquisition of the London-based firm. 423 Total views 4 Total shares Visa officially announced Thursday that it signed a definitive agreement to acquire Currencycloud, a fintech platform supporting about 500 banking and technology clients across more than 180 countries.The new acquisition aims…
China’s Largest Electric Bus Operator and Blockchain Firm Partner in $24 Billion Deal
U.S. technology firm Seven Stars Cloud Group (SSC) announced it had entered a deal with China’s largest electric bus operator to provide finance services using blockchain technology August 20. In a press release, NASDAQ-traded SSC said its partnership with the National Transportation Capacity Co Ltd (NTS) would run for three years and was worth $24…
UBS raises US recession odds to 60%, but what does this mean for crypto prices?
On Aug. 30, global investment bank UBS increased its view on the risk of the United States entering a recession within one year to 60%, up from 40% in June. According to economist Pierre Lafourcade, the latest data showed a 94% chance of the economy contracting, but added that it "does not morph into a…
Denied electricity, world’s 5th-largest mining pool leaves China for Kazakhstan
Crypto mining pool BTC.com is leaving China after local authorities withdrew its power supply. 2082 Total views 10 Total shares BTC.com — a major crypto mining pool that is operated by BIT Mining and owned by the NYSE-listed Chinese lottery service provider 500.com — has announced the successful relocation of its first batch of mining…
Price analysis 12/22: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE
Bitcoin (BTC) is attempting to break above the psychologically critical level at $50,000 and close the year on a strong note. The up-move in Bitcoin has led to a sharp recovery in the value of the Crypto Fear & Greed Index from 27 to 45 within a day, signaling improving sentiment.BlockFi co-founder Flori Marquez said…