NY Regulator Licenses Fidelity for Bitcoin Trading and Custody

Fidelity Investment’s digital currency arm has been licensed by the New York Department of Financial Services to operate a platform on which individuals and institutional investors can store, purchase, sell, and transfer bitcoin. The regulator also revealed that it has to date approved 23 charters or licenses for firms engaged in crypto activities. Also read: US to Strictly Enforce Crypto Rules Similar to FATF Guidelines Fidelity’s New Crypto License The New York State Department of Financial Services (DFS) announced Tuesday that it has granted a charter under the state’s banking…

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Mega-Utility Token UPT Will Offer Interest and Discounts on Trading

About to make its initial exchange listing, Universal Protocol Token (UPT) will serve as a mega-utility token, offering holders attractive interest rates when lending and borrowing, lower exchange fees, cashback and discounts on trading. Also Read: Universal Protocol Alliance to List Mega-Utility Token on Bitcoin.com Exchange Mega-Utility Token to Debut Wednesday The Universal Protocol Alliance is a group of like-minded cryptocurrency companies and blockchain organizations that want to connect different digital assets in a single network. The group has identified that many users need innovative solutions to move digital assets…

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Why Tokenized Projects Are Building on Bitcoin

Bitcoin is something you hodl. Ethereum is something you build on. At least that has long been the official narrative, with projects favoring dedicated smart contract networks over Bitcoin for spinning out dapps and second layer solutions. Like all crypto narratives, however, this one has started to shift, as projects reappraise the benefits of crafting censorship-resistant applications anchored to Bitcoin Core and Bitcoin Cash. Also read: Coinex Chain Launches Tokens Anchored to BTC and BCH Why Businesses Are Issuing Tokens on SLP Businesses of all kinds are issuing tokens on…

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‘Lost Coins’ Study Estimates BTC’s True Supply

Many people like the fact that Satoshi Nakamoto introduced a capped supply of 21 million coins when he created the Bitcoin protocol. However, there’s been a lot of speculation aimed at guessing the number of ‘lost coins’ that will never be spent. On November 19, the digital currency data and research site Coin Metrics published an in-depth study that estimates the true number of BTC’s circulating supply. Also read: Walk Like Nakamoto: 7 Anonymous Personalities in the Crypto Space Coin Metrics Estimates the Number of Lost Bitcoins According to various…

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Grayscale Files to Make Bitcoin Trust First to Be Regulated by SEC

Grayscale Investment has submitted a filing with the U.S. Securities and Exchange Commission (SEC) that could change the status of its popular bitcoin investment product.  On November 19, 2019, the company filed a securities registration form with the SEC which, if approved, would see its popular Bitcoin Trust product become the first-ever digital currency investment product to be regulated by the SEC.  The Bitcoin Trust was initially launched as a way to give more investors exposure to bitcoin with some barriers to entry eliminated, like the need to protect your…

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Cointext Founder Publishes New ‘Postage’ Specs for SLP Tokens

On November 18, Cointext founder Vin Armani published a blog post that describes a new system called the ‘Simple Ledger Postage Protocol.’ The SLP concept allows wallets to send SLP tokens without having to use bitcoin cash (BCH) as ‘gas’ to forward transactions. Also Read: Bitcoin Cash Community Funds Eatbch Trip to Ghana The Simple Ledger Postage Protocol Cointext CTO Vin Armani recently published a blog post called “Simple Ledger Postage Protocol: Enabling A True SLP Token Ecosystem On Bitcoin Cash,” which describes a method of sending SLP-based tokens without…

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Chinese Authorities Scrutinize and Report on Crypto Exchanges

According to a notice issued on weibo.com, and later confirmed as authentic by business publication Caixin, authorities in Shanghai appear to have dispatched officials for conducting reviews of area businesses engaged in cryptocurrency dealings, and are set to report back to financial regulators by November 22. This comes in conjunction with a recent program on the Chinese Communist Party’s CCTV1 television channel, discussing cryptocurrency scams, and also local reports to news.Bitcoin.com that some exchanges under governmental review are experiencing problems. Also Read: Chinese Communist Party Reportedly Filling Roles at Top…

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Crypto Debit Card Targets Generation Z With a Promise of Financial Freedom

From video games to fizzy drinks, teens have their own spending agenda. Raised in the digital age, generation Z also has a special sense of freedom, a product of unrestricted access to the internet and mass availability of new technology. Its members are potential natural adopters of cryptocurrency, and fintech companies are beginning to turn their attention to this promising market. A new crypto debit card has been launched to cater to the financial needs of the European young. Also read: Spend 10 Cryptocurrencies With These Debit Cards Card Can…

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Phineas Fisher: $100K Bounty in Crypto for Incriminating Corporations

Criminals going after criminals. If all hackers were to be taken as criminals, this would be looked as a joke, but recently, the hacker known as the “Phineas Fisher” offered a $100K bounty to other hackers who could leak any damaging information on a number of high-profile global companies. The bounty, which is dubbed the “Hacktivist Bug Hunting Program” will be paid out entirely in crypto. According to the most recent information, the damaging information can be about banks, oil companies and the Israeli spyware company Haliburton. The Hacktivist Bug…

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