Crypto News Platforms 

New Platform Converts Crypto to Fiat Without Know Your Customer Requirements

“Cryptocurrency wallet MyEtherWallet (MEW) in collaboration with crypto finance firm Bity are releasing a platform to convert cryptocurrency to fiat without Know Your Customer (KYC) requirements” writes Ana Alexandre for cointelegraph.com. Businesses can assess whether their clients are involved in illegal activities like money laundering or corruption.Enhanced privacy and anonymity of cryptocurrencies have always been linked by the governments and regulators to illicit activities and the possibility of money laundering.To use so called “Exit-to-Fiat” option, customers have to choose the target digital and fiat currencies in the wallet dashboard. This…

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News 

WSJ: Apple and Goldman Sachs’ joint credit card due this spring with cool Wallet features

“Having a credit card of its own would enable Apple to take a bigger slice of the swipe fees versus Apple Pay purchases via third-party credit or debit cards” reports idownloadblog.com. Tellingly, the Wallet app has received some noteworthy visual changes in the iOS 12.2 beta, potentially foreshadowing the credit card’s arrival.In a similar fashion, “rings” in the Wallet app would close as users hit daily targets.Apple and investment bank Goldman Sachs are working on a joint credit card, to be launched this spring, that will have some unique features…

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News Platforms 

No KYC on MyEtherWallet’s Regulated Crypto-to-Fiat Exchange

“Both companies claim that despite the lack of required KYC checks, the platform is fully regulated” writes Rachel Mcintosh for financemagnates.com. KYC checks have become a regular part of nearly every cryptocurrency exchange, even those that don’t allow their users to exchange their crypto for fiat.One of the most recent examples of this is ShapeShift, a crypto-to-crypto exchange that was ordered to add KYC requirements after resisting pressure from regulators for months.Together, crypto finance platform Bity and Ethereum wallet provider MyEtherWallet (MEW) have revealed plans for a crypto-to-fiat withdrawal platform…

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Crypto News 

New Samsung Galaxy S10 Includes Cryptocurrency Key Storage

“The new Samsung smartphone, the Galaxy S10, will include storage for private cryptocurrency keys, according to an official press release on Feb. 20” writes Aaron Wood for cointelegraph.com. In December 2018, Sirin Labs launched Finney, the ‘world’s first’ blockchain smartphone.No such wallet was mentioned in today’s press release. Source: cointelegraph.com

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Crypto News 

Lloyd’s of London Provides Insurance for BitGo Crypto Assets

“Crypto wallet BitGo has come up with a new offering that allows its users to cover up to $100 million worth of their digital assets held in their accounts with the blockchain security firm” writes Aziz Abdel-qader for financemagnates.com. While traditional institutions are shying away from cryptocurrencies and related assets, BitGo obtained its insurance coverage from the prestigious Lloyd’s of London, one of the oldest insurance agencies in the world, with centuries of experience in this industry. “We have been working hard to tailor a bespoke insurance product for BitGo,…

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Crypto News 

Crypto Investment Services Firm BitGo to Add Support for TRON

“In January, BitGo partnered with Bitcoin over-the-counter (OTC) trading platform Genesis Global Trading to allow clients trading cryptocurrency directly from BitGo custody” writes Ana Alexandre for cointelegraph.com. Institutional-grade cryptocurrency investment services firm BitGo will provide wallet and custody support for cryptocurrency Tron (TRX), according to a press release shared with Cointelegraph on Feb. 20.The partnership allows BitGo custody clients to execute internal settlements on the same day, powered by Genesis’ high liquidity based on a large network of trading partners.BitGo is reportedly the world’s largest processor of on-chain Bitcoin (BTC)…

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Crypto News 

Coinbase Adds Bitcoin Cash Support to Wallet App

“United States-based cryptocurrency exchange and wallet service provider Coinbase has added support for Bitcoin Cash (BCH) to its Coinbase Wallet, according to an announcement published on Feb. 19” writes Max Yakubowski for cointelegraph.com. The update states that users can now store Bitcoin Cash on Coinbase Wallet, adding: As Cointelegraph wrote in August 2018, Coinbase Wallet was introduced as a rebranding of the firm’s open source decentralized app (DApp) browser and wallet, formerly called Toshi.Earlier this month, Coinbase added support for Bitcoin (BTC) to its Wallet app.The rebranded wallet has several…

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Crypto News 

Major Crypto Wallet Provider Blockchain.com Opens Office in Lithuania

“Major crypto wallet provider Blockchain.com has opened its fifth office location, continuing its expansion into Europe, the company announced in a blog post on Feb. 19” writes Ana Berman for cointelegraph.com. Back in 2014, the Central Bank of Lithuania officially warned consumers about potential risks related to cryptocurrencies.According to Blockchain.com, the company considered several locations in Europe, choosing Vilnius, Lithuania. However, accepting crypto payments is still prohibited for financial institutions in Lithuania, the document states.The crypto firm also reports it is looking to hire employees in Lithuania, with new vacancies…

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Crypto News 

Binance Launches Decentralized Crypto Exchange Testnet

“Major cryptocurrency exchange Binance has launched the testnet of its new decentralized exchange, Binance DEX, according to a press release shared with Cointelegraph on Feb. 20” writes Ana Berman for cointelegraph.com. Per Binance, the exchange, powered by Binance Chain — a new blockchain and peer-to-peer (p2p) distributed system — is already available for customers.Users can create wallets and start exchanging tokens on the Binance DEX testnet. Source: cointelegraph.com

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Crypto News 

Crypto Financial Services Firm to Offer Crypto Insurance Through Lloyd’s of London

“Blockchain security firm and crypto wallet service BitGo has revealed plans to offer crypto insurance through Lloyd’s of London, according to a press release on Feb. 19” writes Helen Partz for cointelegraph.com. BitGo Business Wallet clients will be able to purchase theft insurance and key recovery service called Lost Key Cover through Digital Asset Services, an insurance provider operating under the purview of the Financial Conduct Authority (FCA), the United Kingdom’s financial services regulator.BitGo Business Wallet clients will be able to acquire insurance for their digital assets held on BitGo’s…

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