bitcoin-regulation-cryptocurrency-exchange Bitcoin 

Cryptocurrency wants Regulation to Survive : Bitcoin ATM CEO

Sheffield Clark, whose company Coinsource recently installed 17 new Bitcoin ATMs in Florida, stated that cryptocurrency is not a viable or realistic payment solution at this time, citing it as a major obstacle to be overcome for all in the space. In an exclusive interview with Cryptoworld news, the CEO of the world’s largest Bitcoin ATM network took a hard stance against those who believe in a world where Bitcoin and its peers can survive unregulated. The CEO pointed out that the “primary Bitcoin ATM customer” comes from the one-third of the…

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Australian-currency Bitcoin 

In 2019 Australia’s Dollar-Backed Cryptocurrency ‘Stablecoin’ To Be Launched

The first treasury will be based in Australia to support the first partner platforms Bit Trade and Emparta Payments and deliver the first Australian Dollar backed stablecoin, wrote Emparta. Just like has already happened with the US Dollar and the Euro, among others, Australia is about to get its first Aussie-backed stablecoin. This will be made possible by a partnership between Bit Trade, one of the oldest cryptocurrency exchanges in Australia, and blockchain employment platform, Emparta. The two firms will collaborate in designing and launching the stablecoin which is expected…

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Bitcoin 

Switzerland to Collaborate Cryptocurrency & Blockchain Regulatory Experience With Israel

Switzerland has long been at the forefront of blockchain innovation, welcoming startups and researchers from far and wide with their blockchain-friendly regulation. Switzerland is home to Zug, a small Alpine town turned blockchain hub which is now often referred to as Crypto Valley in a nod to California’s Silicon Valley tech hub. ShapeShift exchange and the Ethereum Foundation are both headquartered in Zug along with many other companies.   The Swiss Minister for Finance Ueli Maurer recently visited Israel along with State Secretary for International Financial Matters Joerg Gasser. Citing their…

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Top US Bank PNC Joins Ripple Bitcoin 

Top US Bank PNC Joins Ripple’s Blockchain Network Ripplenet For Cross-Border Payment

PNC Bank, simply known as PNC, is also the fifth largest bank by the number of branches and the 4th largest with the most ATMs in the United States. The bank services over 8 million customers in 19 states in areas including retail, consumer-ended banking and corporate banking. While retail services (including consumer and small business banking) is predominantly offered to clients in the eastern states, PNC offers corporate and institutional banking across the country. As PNC Bank is the 9th largest bank in the United States by assets, has…

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Bitcoin 

Computers Infects By Vigilante Botnet To Take Out Cryptocurrency Malware

Botnets consist of dozens, hundreds, or even thousands of internet-connected devices which are then used to carry out to send spam messages en masse or to launch distributed denial-of-service (DDoS) attacks, crashing online services. Cryptoworld news has reported before on how botnets infected millions of computers last year with cryptojacking software designed to siphon CPU power for and use it to secretly mine crypto for the malware owners. Botnets have become increasingly powerful over the last few years, to the point where the US Department of Homeland Security admitted that they couldn’t face…

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Bitcoin 

Nasdaq To Acquire Cinnober, A Crypto-Friendly Swedish Exchange

Cinnober has a history for bullishness towards digital assets and making it easier for institutions to invest in them. One of those efforts is the partnership with BitGo, a behemoth for institutional-grade cryptocurrency custody security. BitGo itself has built partnerships and acquisitions over its history, which have helped it firm up its mission, including the acquisition of Kingdom Trust and a partnershipwith the South Korea exchange Korbit. Nasdaq, the world’s second-largest stock exchange, announced Friday that it is in the works to acquire Cinnober, a trading solution provider based in Sweden. Nasdaq’s latest acquisition highlights, though…

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Bitcoin Failed Due to $20 Fees Bitcoin 

Bitcoin Failed Due to $20 Fees Said By CEO Of India’s largest Startup Incubator

The fallacy of Bitcoin as a currency is its transaction fee which is typically above $20. The transaction fee is paid to ensure convenience and security in the exchange. This is not only higher than the transaction fee paid for regulated currency but is also an indication of the security risk it holds, he said. Bitcoin has integrated SegWit and Lightning while Ethereum is in the process of implementing Sharding and Plasma to potentially increase the transaction capacity of the blockchain to a million transactions. Bitcoin and blockchain-based systems, in…

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Mastercard Seeks New Blockchain Bitcoin 

Mastercard Seeks New Blockchain Patent To Facilitate B2B Transactions

A blockchain, the patent authors note, would allow data to be stored in the system in a clear format that is easily accessible and auditable by connected firms while also remaining highly-resistant to tampering. These features would be quite beneficial, particularly given that most of the participants would not themselves be financial institutions. The patent notes that the system could be built on either a public or private blockchain, but, if Mastercard actually does attempt to build it, it’s likely that it would exist on a permissioned network. That’s because,…

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Bitcoin 

Central Bank Of Mexico To Tightens Regulations For Cryptocurrency Exchanges

The circular, published on the government’s official daily, Diario Oficial de la Federación, says that crypto exchanges and related businesses will need to provide the financial institution with a detailed business plan that explains its operations, commissions, business model, and know your customer (KYC) checks. Therefore, the Bank of Mexico (Banxico), Mexico’s central bank, has recently revealed through a circular that bitcoin exchanges and other businesses dealing with cryptocurrency assets in the country will require a government permit. The institutions of electronic payment funds must request an authorization from the…

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Bitcoin 

Cryptocurrency Exchange OKCoin Trading Platform to 20 More U.S. States

The headquartered in San Francisco, OKCoin’s U.S. offshoot announced on Wednesday that it has received regulatory approval to expand into 20 new states, greatly expanding its reach into one of the world’s largest crypto markets. It’s been nearly one year since one of the world’s largest cryptocurrency exchanges was forced to shut its doors in the wake of a government-imposed trading ban. Now, that exchange, the formerly China-based OKCoin, is eying a comeback on the other side of the globe. In order for the cryptocurrency market to reach its full potential, exchanges like…

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