Category: Cryptocoin
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Coinbase Launches Crypto Gift Card Service in Europe
byU.S.-based cryptocurrency exchange Coinbase now offers a way for customers to purchase retail goods and services using crypto assets, thanks to a new partnership with a digital gift card startup. According to a report from Bloomberg on Wednesday, Coinbase has integrated its wallet services with WeGift, a London-based online gift card platform, and now allows users to […]
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Crypto Stock Exchange Operator Pleads Guilty to Fraud
byThe man behind two now-defunct cryptocurrency investment sites has pled guilty to securities fraud and obstruction of justice charges. The U.S. Attorney for the Southern District of New York announced the guilty plea on Monday, coming days after it was reported that Montroll was close to a deal with prosecutors. Jon Montroll was arrested back in February by U.S. […]
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Asian Asset Management Firm to Launch Crypto Custody for Family Offices
byAsian asset management firm Fusang Investment Office is set to launch a crypto asset custody service called Fusang Vault in Hong Kong. The firm, which usually focuses its operations on private family offices in Hong Kong, Singapore and Malaysia, credits heightened interest in cryptocurrencies from high-net-worth individuals and institutional clients for the move. Crypto Custody […]
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MyCrypto’s Security Guide For Dummies And Smart People Too
byBy Millena Miller An in-depth guide on how to be safe in the crypto world and the online world in general. The following is a modified mash-up of some of our internal policies, procedures, action items, and security-related stuff that we thought would be helpful or applicable to the larger community. This is just a sliver of MyCrypto’s […]
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Mastercard Had An Outage, So Crypto Had a Field Day
byPayments giant Mastercard suffered a severe outage last week that led to a hold-up in transactions. As reported on July 12 by the Financial Times, it had a global impact, sparking a round of complaints from the payment firm’s customer base. As might be expected, those affected quickly took to social media to voice their frustration […]
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Japanese Minister Denies Association with Cryptocurrency Firm Under Investigation
bySeiko Noda, Japan’s internal affairs minister, denied having an interest in a cryptocurrency company under investigation and interfering in that investigation, according to a report in Asahi Shimbun. As a Cabinet minister, Noda could be accused of trying to influence a government investigation. Noda acknowledged that one of her aides was present at a meeting on Jan. 30 […]
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India’s Supreme Court Sets September Date for Final Cryptocurrency Petition Hearing
byIndia’s Supreme Court has upheld the central bank’s directive of prohibiting banks from offering services to the domestic cryptocurrency sector following a hearing today. On Friday, India’s Supreme Court held its latest hearing of the case against the Reserve Bank of India’s (RBI) circularforbidding all regulated financial institutions, including banks, to provide services to business in […]
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Litecoin Founder Says in ‘Best Case’ Recent Bank Stake Could Result in Crypto Services
byLitecoin founder Charlie Lee posted on Reddit today, July 17, to clarify his position within the Litecoin Foundation and the future of the Foundation following its acquisition of a stake in German bank WEG Bank AG. In his post, Lee mentioned the possibility of the bank offering crypto services. Last week, the Litecoin Foundation acquired a 9.9 percent share in WEG Bank through […]
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US Congressman Calls for Ban on Crypto Buying and Mining
byA U.S. lawmaker has called for a blanket ban on cryptocurrency buying. Congressman Brad Sherman is no stranger to controversial statements on the subject – back in March he called cryptocurrencies “a crock” – and during the Wednesday hearing of a subcommittee for the House of Representatives Financial Services Committee, he went so far as to advocate keeping Americans […]
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Stellar Becomes First Crypto Protocol to Obtain Sharia Certification
byStellar, the seventh-largest cryptocurrency network, has become the first digital ledger technology (DLT) protocol to obtain Sharia certification for payments and asset tokenization. The Stellar Development Foundation announced on Tuesday that, following a review of the technology’s properties and applications, the Shariyah Review Bureau (SRB) had certified Stellar as a Sharia-compliant vehicle for conducting monetary transfers and […]
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