NOVEMBER 2018 – Bitcoin, Crypto, Blockchain, ICO Weekly News Headlines

Can’t keep up the enormous amount of crypto news out there? Make sure you bookmark this article so that you can keep tabs on the top headlines for the week… watch the short videos below!   #2 Week ending 9 November 2018 Merchants driving adoption as bullish Bitcoin price predictions affirmed       HEADLINES Venezuelan Banks use the Petro to denominate account balances, customers see two balances in their bank account, Bolivar and Petro Venezuela will take the Petro to the Organization of the Petroleum Exporting Countries (OPEC) in 2019,…

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SEC FinHub Key To Compliant ICOs states Republic CEO Ken Nguyen

  Last week, the SEC announced the creation of FinHub in an effort to foster greater communication and understanding with emerging technology startups, such as blockchain companies going through ICOs.     Ken Nguyen, CEO of AngelList-backed Republic, believes that this move will bring greater clarity in what constitutes in as a compliant ICO without compromising investor protection. Republic has so far been the only compliant way for retail non-accredited investors to back and invest in the blockchain projects that they love.       Kendrick Nguyen, CEO of Republic:…

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BitMEX Announces Regulatory Expert Angelina Kwan as COO

  BitMEX Appoints Leading Regulatory Expert Angelina Kwan as COO – Former Managing Director of HKEX to advance global crypto trading platform’s growth   Seychelles — October 2, 2018 — BitMEX, one of the world’s leading crypto-coin trading platforms, has appointed leading regulatory expert Angelina Kwan to the role of Chief Operating Officer. Kwan previously served as Managing Director and Head of Regulatory Compliance for Hong Kong Exchanges and Clearing Limited (HKEX). She will be responsible for overseeing and driving the company’s growth, while guiding BitMEX on its mission to…

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GECKO Governance Announces Strategic Partnership with TrustedIn Trading

Partnership will witness TrustedIn Trading incorporate GECKO Crypto1 regulatory solution to manage ICOs launched on the platform   Dublin, Ireland, 25 July 2018 – GECKO Governance, which recently launched its new ICO compliance solution, GECKO Crypto1, has announced a strategic partnership with TrustedIn Trading, a custom-built social media platform for the blockchain and cryptocurrency industry. The partnership will see TrustedIn Trading using GECKO Crypto1 to manage ICO projects on the platform, in turn offering GECKO Crypto1 users and investors access to the social media platform.     “At GECKO, we…

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Top Bitcoin Jobs go to Banking Cops

According to Bloomberg, top Wall Street enforcers, are getting top COP jobs in the new cryptocurrency world.  As the need for regulation is stepping up, more cryptocurrency and blockchain startups are looking for government authorities, prosecutors, security officials and even senior diplomats to join their ranks.       Ripple, a real-time gross settlement system (RTGS), currency exchange and remittance network added Ben Lawsky, a New York’s top financial watchdog, to its board.  Lawsky introduced BitLicience, which is a requirement for digital currency companies who want to operate in New…

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Stripe draws a line through Bitcoin

  Payment processor stripe announced on Tuesday that it will end support for bitcoin as a payment method in April.     Product manager Tom Karlo writes in a blog post:   “Our hope was that Bitcoin could become a universal, decentralized substrate for online transactions and help our customers enable buyers in places that had less credit card penetration or use cases where credit card fees were prohibitive. Over the past year or two, as block size limits have been reached, Bitcoin has evolved to become better-suited to being…

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Shock Announcement – Bitwala and Cryptopay Card issuer WaveCrest Holdings Ltd immediately suspend Visa Debit Cards after instruction from Visa Europe

A shock announcement from Bitwala to their clients has been received.  The announcement went into effect immediately without delay.   Bitwala is a popular and growing blockchain banking service where many clients used Bitcoin to send & receive money, pay bills, and convert to load their VISA prepaid card.         The announcement states “Yesterday our Bitwala Card issuer WaveCrest Holdings Ltd received direction from Visa Europe to immediately suspend all Bitwala cards effective immediately. Unfortunately, neither Visa nor WaveCrest were able to provide us or you with more…

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Calastone to Bring Mutual Funds Market Onto Blockchain in 2019

LONDON, Dec. 4, 2017 /PRNewswire/ Calastone, the global funds transaction network, today announces that the technology underpinning the core of Calastone’s global transaction network will be migrated onto a full blockchain-enabled infrastructure.   Calastone’s network connects more than 1,300 financial service organisations across 34 global markets processing over GBP80bn of trades and 7 million messages each month, making it the largest global fund transaction network. Calastone has transformed the funds sector, enabling frictionless trading by making it possible for all trading entities and counterparties to connect, interact, process and settle transactions digitally.  …

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RSK Brings Blockchain Regtech Leader Coinfirm and its AML/CTF Platform Into its Federation

Set to bring smart contracts and new scalability to bitcoin, RSK has partnered with Coinfirm and brought it into its federation to address AML/CTF through the team’s expertise and recognized blockchain AML/CTF Platform.     LONDON, Nov. 22, 2017 /PRNewswire/ — RSK, the company behind smart contracts for bitcoin, and leading blockchain regtech Coinfirm announced today a partnership to address anti-money laundering and counter-terrorism financing compliance for the cryptocurrency marketplace.  RSK  has brought in Coinfirm’s AML/CTF Platform along with its proprietary algorithms and big data analytics into its Federation. RSK has now added another strong…

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Bitcoin and the Taxman

The classification of Bitcoin and cryptocurrency differs globally, however, some countries are moving forward with guidelines and rulings.   The burning question – Is Bitcoin an Asset, Property or Currency?   Here are some reasons why Bitcoin represents a new Asset Class:- Investability considering Liquidity, Politico-Economic Profile, Price Independence and Risk-Reward Profiles – Read full article here.  Download a white paper on Bitcoin as a new Asset Class.   Is Bitcoin money or property?  A Judge of the 11th Judicial Circuit Court of Florida ruled Bitcoin was property.  “It is uncertain whether…

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