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Wyoming Brings Regulations for Crypto Custody Platforms

“The US state of Wyoming has introduced a new set of rules to regulate the digital asset custody platforms” writes Arnab Shome for financemagnates.com. Wyoming is one of the few states in the United States press to regulate the digital asset industry by introducing new legislation.These rules are applicable to banks offering digital asset custodial services.Any ambiguity under this subsection shall be resolved in favor of the customer,” the rules added. Source: financemagnates.com

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SEBA Launches Crypto Banking Services in Switzerland

“Swiss crypto-focused bank SEBA Crypto AG on Tuesday announced the launch of its digital asset-based banking services” writes Arnab Shome for financemagnates.com. The company is aiming to bring banking services to these companies by providing corporate accounts necessary for their operations.Meanwhile, another Swiss crypto bank – Sygnum – which also gained the same license with SEBA, is also gearing up to launch services in the jurisdiction.London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now Per the announcement, the company will offer banking services banks, asset…

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Justin Sun Confirms Tron’s Listing on Poloniex Cryptocurrency Exchange

“Tron (TRX), the 11th largest cryptocurrency by market capitalization, has now been listed on the Poloniex cryptocurrency exchange” writes Joeri Cant for cointelegraph.com. Reportedly, full trading will be enabled “shortly after this date.” The news comes almost a month after it was reported that the United States-based crypto exchange Poloniex was spinning out from Circle to form a new firm, called Polo Digital Assets.In a Nov. 9 blog post, Poloniex cryptocurrency exchange announced that it was readying to list the decentralized cryptocurrency on its platform, which Tron CEO Justin Sun…

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Two Former Circle Executives Co-Found Proprietary Crypto Trading Firm

“Two former executives at crypto finance firm Circle and former DRW executive jointly founded proprietary crypto trading firm CMS Holdings” writes Adrian Zmudzinski for cointelegraph.com. The third founder is the former head of trading at Cumberland (the crypto trading arm of brokerage DRW) Bobby Cho.CMS Holdings is based out of the Cayman Islands and does not manage the money of outside investors.Coindesk reported on Nov. 12 that the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter desk Circle Trade —…

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C++ Creator Laments C++ Use in Bitcoin Mining Operation

“In September, Bitcoin mining infrastructure firm Northern Bitcoin AG completed tests for its new air-cooled mining container” writes Ana Alexandre for cointelegraph.com. Bjarne Stroustrup, a Danish computer scientist and the creator of C++ programming language, has vented his frustration with use of C++ in Bitcoin (BTC) mining. Despite more computing power being dedicated to Bitcoin mining, less electricity was required to fuel it.The same month, it was reported that Bitcoin energy consumption was becoming rapidly more efficient. Source: cointelegraph.com

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Australian Man Arrested for Unregistered Crypto Transactions

“During the arrest, law enforcement found a substantial quantity of cash and false identification documents, which were seized along with a cryptocurrency ATM from a shopping center in Braybrook” writes Adrian Zmudzinski for cointelegraph.com. As Cointelegraph reported in late October, Ivan Manuel Molina Lee, the president of controversial Panama-based payments processor Crypto Capital, tied to Bitfinex and other major cryptocurrency exchanges, was arrested by Polish authorities under money laundering accusations.AUSTRAC’s national manager of intelligence operations, David Hawkins, said that the outcome of the investigation underscores the importance of collaboration between…

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Abra Adding 60 New Cryptocurrencies in Consumer Adoption Push: Report

“California-based cryptocurrency wallet and investment service Abra is adding a total of 60 new cryptocurrencies to its platform, reports suggest” writes William Suberg for cointelegraph.com. As Cointelegraph previously reported, institutional trading platform Bakkt released its Bitcoin custody solution this week, something it considered a critical step to broader adoption.Abra focuses on the slowly-expanding consumer adoption curve for cryptocurrency, at a time when attention continues to focus on the institutional sector as fresh offerings come online. Source: cointelegraph.com

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Paxos Debuts Fiat Gateway With Binance Crypto Exchange as Its First Client

“Leading cryptocurrency exchange Binance became the first cryptocurrency exchange to implement the fiat gateway of stablecoin operator Paxos” writes Adrian Zmudzinski for cointelegraph.com. In addition to its Fiat Gateway, Paxos announced a second application programming interface (API) dubbed Stablecoin Swap that will allow 1:1 swaps between Paxos-based stablecoins.On Nov. 12, Paxos announced the launch of its Fiat Gateway, a service that allows its users to swap between dollars and stablecoins on a one-to-one basis. Source: cointelegraph.com

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Regulated Swiss Crypto Bank SEBA Opens Doors

“As reported, SEBA Bank AG (formerly SEBA Crypto AG) is a fully-regulated institution, having secured a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August of this year” writes Marie Huillet for cointelegraph.com. Switzerland-based cryptocurrency bank SEBA has launched its services for professional investors and enterprise clients, according to an official news release published on Nov. 12.He added: As part of its account services, SEBA is offering a SEBAwallet app, e-banking services and SEBA card facilities, with support for five major cryptocurrencies: (BTC), Ether…

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What Is VeChain and Why Did it Pump 65% This Month?

“Traders might prefer to look for a long entry in that zone or play the breakout if VeChain flips the 0.00000080 (sats) zone as support” writes Micha L Van for cointelegraph.com. A regular breakout of the downtrend, including a retest at 0.00000041 Satoshis (sats) before the break upwards to 0.00000062 (sats), the next target.Similar to the breakout of the downtrend, a falling wedge pattern with bullish divergences marked the bottom during August and September of 2019. Source: cointelegraph.com

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