Financial Industry News
El Salvador’s Central Bank opened the door for banks to develop their own wallets. The organization published the “Guidelines for the Authorization and Operation of Digital Wallet Platforms for Bitcoin and Dollars.” As expected, they require full KYC and AML measures. However, it also contains other requirements and measures that raise concerns and paint a […]
Continue ReadingMorale is down in Bitcoinland and so are the number of DAA. Does this mean that we already reached the top of this cycle? It might, but that’s not set in stone. We’re in no man’s land and our compass is pointing everywhere at once. Technical indicators contradict each other, and nobody seems to know […]
Continue ReadingLightning startup Zap Inc., maker of both the namesake, non-custodial bitcoin wallet and the payments app Strike, raised its first round in April, led by Green Oaks Capital and including veteran bitcoin investor Anthony Pompliano. The funding was first reported by Forbes on Wednesday. Disclosure The leader in blockchain news, CoinDesk is a media outlet […]
Continue ReadingBeauty mogul Michelle Phan isn’t the only woman to notice similarities between makeup startups and crypto communities. Both are dominated by influencer marketing with products sold through direct-to-consumer (DTC) models and aggregated retail platforms like Amazon, Etsy or Shopify. In emerging markets without direct access to Amazon, Lebanese bitcoiner Michel Haber said grassroots traders often […]
Continue ReadingPeter Schiff may be unable to sell his Bitcoin (BTC), after getting locked out of his wallet. Schiff, who has been critical of BTC and sees its price as potentially tanking, tweeted that his wallet failed to decrypt. Peter Schiff Loses Acess to his Bitcoin Stash Bitcoin wallets are not forgiving of lost passwords or […]
Continue ReadingBobby Lee, co-founder of BTCC crypto exchange, was at the Consumer Electronics Show in Las Vegas this week, demonstrating the first physical samples of his non-electronic hardware wallet, Ballet. Physical Card And Accompanying App Ballet is billed as the ‘world’s first multicurrency non-electronic physical wallet’, and offers a 100% offline cold-storage solution. The credit card […]
Continue ReadingCrypto practitioners who depend on Keepkey hardware wallets to store their coins ought to take a pledge of not discussing it in public. Kraken Warns Crypto Users The warning appears on Kraken’s latest blog post wherein it discusses a serious flaw in all of the Keepkey hardware wallets. The US exchange’s security research wing claims […]
Continue ReadingChinese bitcoin FOMO appears to be on the rise as a major bank has reportedly invested in a local wallet platform. This report marks another significant crypto and blockchain-related development from China as the country appears to be moving towards government-approved adoption. China Merchants Bank Invests in BTC Wallet Service Tweeting on Monday (October 28, […]
Continue ReadingBlockstream CEO, Adam Back, says that the company is looking at implementing a method by which lost bitcoin will become recoverable. But before you stop trawling through the tip for that old hard drive you threw out, he wasn’t referring to those lost bitcoin. Backup Bitcoin Keys Talking during an interview at the Lighting Conference in Berlin, […]
Continue ReadingBobby Lee, the co-founder of BTCC, China’s first cryptocurrency exchange, has a new startup called Ballet. The company ‘builds’ un-hackable Bitcoin and crypto wallets with no electronic parts, in a credit card-like form. “Bobby, will you help me store my bitcoin for me?” Lee told Yahoo Finance UK that he was tempted back into crypto […]
Continue Reading