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  • Coinberry Crypto Exchange Gets Lloyd’s Cover as Canada’s Post-Quadriga Rules Tighten

    Coinberry Crypto Exchange Gets Lloyd’s Cover as Canada’s Post-Quadriga Rules Tighten

    News
    Following last year’s QuadrigaCX collapse and loss of client funds, Canada’s crypto exchanges are going the extra mile to rebuild the trust of consumers. Announced Wednesday, Toronto-based Coinberry has acquired a financial institution bond, a requirement for registration with its provincial securities regulator, the Ontario Securities Commission. The move is a concrete example of a general tightening of regulation in Canada, particularly in the wake of the Quadriga debacle. “Every Canadian crypto user remembers Quadriga and…
  • Senate Banking Chairman Asks OCC About Its Planned Crypto Rulemaking

    Senate Banking Chairman Asks OCC About Its Planned Crypto Rulemaking

    News
    U.S. Sen. Mike Crapo (R-Idaho), who heads the powerful Senate Banking Committee, has asked the Office of the Comptroller of the Currency (OCC) to fill his committee in on its Advanced Notice of Proposed Rulemaking for cryptocurrency services. The OCC, a federal banking regulator, asked the general public to weigh in on how cryptocurrencies were used or treated in the financial sector this past June. Around 90 banks, crypto startups, academics and industry organizations provided responses,…
  • FATF Compliance Effort Adds Huobi, Bitfinex and Tether to Governance Task Force

    FATF Compliance Effort Adds Huobi, Bitfinex and Tether to Governance Task Force

    News
    Shyft Network is adding Huobi, Bitfinex and Tether to its crypto-focused anti-money laundering (AML) platform, and launching a “governance task force” including a host of new and existing members. Announced Wednesday, Shyft’s Veriscope Governance Task Force includes recent joiners Binance and Bitfury, as well as a globally distributed collection of crypto firms such as BCW, HashKey Pro, Tokocrypto, Unocoin, Paycase Financial and CoinHako. Shyft, a well-known participant in the race to bring crypto in line with…
  • First Mover: Bitcoin Tumbles, Bithumb Reportedly Raided, Uniswap Challenges Coinbase

    First Mover: Bitcoin Tumbles, Bithumb Reportedly Raided, Uniswap Challenges Coinbase

    News
    You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You can subscribe here. Price Point Bitcoin slid 4.1% Wednesday to about $11,430, wiping out the prior day’s gains and then some,…
  • Pornhub Adds Bitcoin and Litecoin Payments for Premium Content

    Pornhub Adds Bitcoin and Litecoin Payments for Premium Content

    News
    Pornhub, the popular adult entertainment site, has added two popular cryptocurrencies as payment options. In a tweet Wednesday, the company announced that it's now accepting bitcoin (BTC) and litecoin (LTC) in payment for its Pornhub Premium offering. The company has been accepting the verge (XVG) cryptocurrency for user payments since 2018. It has since started allowing its entertainers to be paid in tether (USDT), a stablecoin linked to the U.S. dollar. Pornhub has previously announced it…
  • The Tapscotts Take Their Blockchain Research Institute Into Europe

    The Tapscotts Take Their Blockchain Research Institute Into Europe

    News
    Blockchain Research Institute (BRI), the education and innovation hub founded by father-and-son tech evangelists Don and Alex Tapscott, has opened a European arm. Announced Wednesday, Blockchain Research Institute Europe (BRIE) launches in partnership with Blockwall, an independent venture capital firm based in Frankfurt, Germany. The new BRIE think tank will bring together a gaggle of European industry leaders, academics, policymakers, entrepreneurs and researchers, according to a joint press statement. The goal: Getting large companies through the…
  • Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance

    Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance

    News
    Bitcoin is facing selling pressure at press time, having failed to move above a long-held resistance level on Tuesday. The leading cryptocurrency is currently trading near $11,390, representing a roughly 4% decline on the day, according to CoinDesk's Bitcoin Price Index. Prices dropped by nearly $400 in just minutes, but have bounced slightly at the time of writing. The sell-off has coincided with a report that South Korean authorities have seized Bithumb, one of the country's…
  • Police Reportedly Raid Headquarters of Bithumb, South Korea’s Largest Exchange

    Police Reportedly Raid Headquarters of Bithumb, South Korea’s Largest Exchange

    News
    South Korean authorities have reportedly seized Bithumb, one of the country’s biggest cryptocurrency exchanges by trading volume. The Seoul Newspaper reported Wednesday that officers from the Seoul Metropolitan Police Agency's Intelligent Crime Investigation Unit had raided Bithumb's headquarters, located in the capital's central Gangnam District. The police action was apparently linked to a $25 million token sale hosted on Bithumb and a proposed acquisition by a Singapore platform, BTHMB, that never materialized. Per a report from…
  • Crypto Banking Firm Cashaa Eyes India Expansion After $5M Raise

    Crypto Banking Firm Cashaa Eyes India Expansion After $5M Raise

    News
    Cashaa, a financial firm describing itself as a “crypto-friendly neo-bank,” has just raised $5 million from Dubai-based blockchain investment and advisory firm 01ex. Announced Wednesday, the London, U.K.-based firm said it will soon launch in India and possibly add the rupee to its list of supported currencies alongside the U.S. dollar, the euro and pounds sterling. It also offers services for bitcoin, ether, the stablecoin tether and its own Cashaa coin, with more digital assets like…
  • Bitcoin Breaks Below $11,000, How Deep Will The Selloff Go?

    Bitcoin Breaks Below $11,000, How Deep Will The Selloff Go?

    News
    Bitcoin price just two days ago was trading above $12,000, but a failure to hold above the key resistance level has sent the cryptocurrency tumbling. Moments ago, the crypto asset fell below $11,000 for the first time in over a month. Can bulls hold this important support, or is this just a pit stop on the way down further? Bitcoin Falls Below $11,000 Momentarily, Bulls Attempt To Build Support Bitcoin price continues to struggle now that…