Crypto News Platforms 

Crypto.com Ties with Xfres to Enable Crypto Purchasing with SGD

“Meanwhile, the crypto exchange is aiming to become a major player in the region” writes Arnab Shome for financemagnates.com. In an attempt to build public trust, the platform obtained a $100 million insurance policy earlier this year.Commenting on the development, Kris Marszalek, co-founder and CEO of Crypto.com, said: “We are pleased to partner with Xfers first to enable crypto purchases in SGD and then on the strategic stablecoin initiatives surrounding StraitsX and XSGD. Both solutions will increase the utility of the Crypto.com platform for our Singapore community.” Founded in 2015,…

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Crypto Futures News 

Bitfinex to Launch Crypto Options, a Gold-Backed Stablecoin

“Crypto exchange Bitfinex is planning to expand its product offerings by introducing crypto options and gold-backed digital currency among others” writes Arnab Shome for financemagnates.com. Bakkt, which launched physically-delivered Bitcoin futures last September, saw a significant surge recently despite a dim launch.CME Group in the US is also set to introduce Bitcoin options next year. However, in Asia, the Hong Kong regulator is skeptical of the crypto futures and recently issued a warning against such contracts.The company is aiming to bring the crypto options as early as the first quarter…

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Crypto News 

With New Crypto Hardware Wallet, Evercoin Takes Aim at Trezor and Ledger

“Similarly, existing owners of a YubiKey 5ci can add hardware wallet storage to their existing device by downloading the Evercoin wallet app” writes Rachel Wolfson for cointelegraph.com. “It would be more accurate to describe the Evercoin wallet as a mobile software wallet that is protected by a hardware-based second factor,” he told Cointelegraph.This is the first hardware wallet to use YubiKey 5ci for iPhone and USB-C for android devices. “Unlike hardware wallets such as Ledger or Trezor, Evercoin 2 uses YubiKey to provide 360-degree internet protection.Evercoin claims that its new…

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Crypto News 

Bitfinex Looks to Launch Options Trading As Soon As Q1 2020

“According to an executive, cryptocurrency exchange Bitfinex is planning to launch options and a gold-backed stablecoin, among a host of new products” writes Joeri Cant for cointelegraph.com. In a Nov. 12 appearance on the Scoop, Paolo Ardoino, CTO of Bitfinex and Tether, told the Block that Bitfinex is considering launching options trading, while also taking a closer look at prospects for a gold-backed stablecoin, dubbed Tether Gold.Although Ardoino didn’t reveal any additional details about Tether Gold, he did reveal that the company is currently eyeing a Q1 2020 launch of…

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Crypto News Platforms 

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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Crypto News 

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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Crypto News 

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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Crypto News 

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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Crypto News 

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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Crypto News 

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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