Brazilian Banks to Re-Open Frozen Crypto Accounts | Coindelite News
Crypto Exchange

Brazilian Banks to Re-Open Frozen Crypto Accounts

Bitcoin Max is a Brazilian cryptocurrency exchange, two local banks closed its accounts in the country. The reports claim that Banco do Brasil and Banco Santander closed the exchange’s account without any explanation. Now, a Brazilian court has ordered these two banks to reopen the account of the Bitcoin Max. …

Ledger Includes Stablecoins Such as Tether | Coindelite News
Cryptocurrency News

Ledger Includes Stablecoins Such as Tether

The hardware cryptocurrency wallet maker, Ledger has planned to include support for more stablecoins such as Tether (USDT). The usage will be available across all its products and services. Ledger is currently supporting Tether for its two storage products named the Ledger Nano and Ledger Blue. The wallet maker wants …

Blockchain News

JD.com Has Launched A Blockchain Research Lab

Jingdong Group (JD.com), a Chinese retail company is exploring the applications of the blockchain by launching a research lab. JD.com has partnered with two institutions in order to launch the blockchain lab. The leading e-commerce company controls over 30 percent of the business-to-consumer online market in China with 314 million …

Bank of America to Store Cryptocurrency Keys | Coindelite News
Cryptocurrency News

Bank of America to Store Cryptocurrency Keys

The U.S. Patent and Trademark Office has awarded a patent to the Bank of America (BOA) for a device which stores cryptographic keys. The bank drafts a “hardened storage device” for storing private keys. These private keys will be used for blockchain platforms. The announcement said that the existing system …

South Korea Targets Unauthorized Crypto Funds
Crypto Regulations

South Korea Targets Unauthorized Crypto Funds

The financial officials in South Korea have begun to crack down on unauthorized cryptocurrency funds. A recently launched crypto fund by a local exchange is under investigation. The exchange said in its defense that there is no wrongdoing on its part. Notably, the token-related activities were carried out overseas. The …

UK Government to Update Crypto Tax Guidance In 2019 | Coindelite News
Crypto Regulation

UK Government to Update Crypto Tax Guidance In 2019

UK officials have formed various regulatory steps around cryptocurrencies and the Distributed Ledger Technology (DLT). The Cryptoasset Taskforce’s report noted that the blockchain could be beneficial to the financial service sector & other industries. The HM Treasury, Financial Conduct Authority and the Bank of England will encourage the development of DLT and …

Coincheck Reports $5 Million Loss in Q3 Earnings
Crypto Exchange

Coincheck Reports $5 Million Loss in Q3 Earnings

The Japanese cryptocurrency exchange Coincheck suffered a $520 million hack in January 2018. The company has reported heavy losses in the third quarter of 2018. Following the hack, Monex group from Japan acquired Coincheck. The asset segment of the group is a direct reflection of the Coincheck business. It brought …

SBI and Hitachi to Launch Digital Payment Platform | Coindelite News
Blockchain News

SBI and Hitachi to Launch Digital Payment Platform

State Bank of India (SBI) and Hitachi Payment Services Pvt. Ltd have partnered to launch a digital payment platform in India. SBI and Hitachi have signed an agreement to enter a joint venture to launch an Internet-of-Things (IoT) platform called “Lumada” in India. The platform is based on the blockchain technology. Reports …

Bitstamp Acquired By South Korean Group
Latest Cryptocurrency News

Bitstamp Acquired By South Korean Group

The largest cryptocurrency exchange has been acquired by a South Korean holding company. Notably, this company also owns the rival Korbit. This is the latest development among big players in the cryptocurrency trading world. Bitstamp shared an official statement this past Monday stating that it has been acquired by NXMH. …

Ukraine to Legalize Cryptocurrencies Within 3 Years | Coindelite News
Cryptocurrency News

Ukraine to Legalize Cryptocurrencies Within 3 Years

The government of Kiev announced that it would legalize cryptocurrencies to regulate the fintech sector. The announcement is a part of a new public policy developed by the economy ministry. The process may take up to three years to complete. The industry built around cryptocurrencies should become a legitimate part …

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