Finma: Crypto Startups Can Handle up to $100M of Deposits in Switzerland

Crypto-asset companies can now apply for licenses to handle as much as 100 million Swiss francs ($100 million) in public deposits under new regulations published on Dec. 3 by Switzerland’s Financial Market Supervisory Authority (Finma). The development underscores the European country’s efforts to promote technological innovation, as in the past only commercial …

Australia’s Financial Regulator Grants License to Bitcoin Exchange Coinzoom

Coinzoom Australia said Dec. 3 that it has been officially registered as a digital currency exchange with financial watchdog Austrac. The registration allows the exchange to operate legally according to Australian law. It will also function as a fiat-to-crypto exchange, with support for a variety of digital assets, including the …

An Alternative Client Has Mined Bitcoin Cash Block 558847

On Saturday, Dec. 1, the Copernicus project announced the launch of its full node implementation pre-release written in the programming language Golang (Go). Following the release, the client was used to generate the first Golang version of a Bitcoin Cash block mined at height 558847. Also read: Intel Awarded a Patent …

A Look at the Multi-Currency Encrypted Messaging App ‘Chat.Chat’

Over the past few weeks, cryptocurrency proponents have been discussing a new messaging and collaboration platform called Chat.Chat. The application offers an all-in-one system with secure messaging, a multi-currency wallet and native communication with decentralized apps like Memo. Also read: Sirin Labs Launches Blockchain-Centric ‘Finney’ Smartphone The Chat.Chat Messaging Platform There …

Bitcoin Mining Startup Envion Ordered to Close by Swiss Court

A court in Switzerland has ordered the closure of bitcoin mining startup Envion AG over concerns of poor corporate governance. The company raised $100 million in an initial coin offering (ICO) in January, but a succession of boardroom wrangles have led to a breakdown in its corporate structure, bringing operations …

Binance Terminates Services for Users in Belarus

Cryptocurrency exchange Binance has informed Belarusian customers that its services will no longer be available in their country. The announcement follows reports of similar restrictions for residents of other nations under economic sanctions, such as the Islamic Republic of Iran and Zimbabwe. Also read: Russian Miners Sell Their Equipment Amid …

Major Video Card Supplier Enters Cryptocurrency Mining Business

Sapphire Technology, one of the largest suppliers of AMD-based video cards in the world, has announced that it’s officially entering the cryptocurrency hardware business. The Hong Kong-headquartered company is launching a flagship mining rig. Also Read: Crypto ATM Network Coinsource Expands Into Upstate New York A New Player Enters the …

Exchange News: Coincheck Resumes All Trading, Bitmex Insurance Fund Grows

In recent crypto exchange news, Coincheck has successfully reinstated deposits and trading services for all cryptocurrencies that were live on the exchange before it was hacked in January. Bhex, an exchange founded by Huobi’s former chief technology officer, has announced that it will start operations at the end of the …

Chinese Startup Gets Crypto Custodial Services License in Hong Kong

Cryptocurrency custodians are third parties that store large amounts of digital assets for institutions, hedge funds, exchanges and issuers of initial coin offerings. Companies in Hong Kong now have a new locally regulated option, which could help to increase investor confidence. Also Read: You Can Now Withdraw Split BCH and …

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