Royal Bank of Canada previously stopped account holders buying Bitcoin with its cards, but is now reportedly interested in launching a crypto trading platform. A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange. As innovation economy news outlet The Logic…
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Cryptocurrency exchange Bittrex will give frozen holdings back to its Iranian users, which the exchange suspended in 2017 due to the requirements of U.S. regulators. Crypto exchange Bittrex will give frozen holdings back to its Iranian users, which the exchange suspended two years ago due to the requirements of United States’ regulators. Bittrex’s Iran-based users…
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A senior official at the People’s Bank of China says it will listen to public demand to retain notes and coins, in line with previous cash protection measures. China is not launching a war on cash by introducing its own digital currency, a senior official from the central bank has said. As Reuters reported on…
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Can crypto and distributed ledger technology help improve the music industry? The music streaming industry has come a long way since the old days of Napster and the first-ever downloadable music. The new technology that was the internet, combined with faster download speeds, made music sharing possible. Since those early days, regulations and structure have…
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Source: iStock/st_lux A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term. The Seoul court ruled that Coinup’s CEO, “Cash Kang” (real name…
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Cointelegraph takes an in-depth look into why Volvo is using blockchain to provide global traceability of cobalt that is used in its electric vehicle batteries. Volvo Cars announced last week that it is using Oracle’s blockchain platform to trace cobalt, one of the main components in electric car batteries. Following the unveiling of the company’s…
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The Royal Bank of Canada (RBC), the Canada-headquartered major global bank, is set to open a cryptocurrency exchange, according to a report from The Logic. The media outlet claims it has learned that the RBC wants to allow customers to trade in cryptocurrencies such as Bitcoin and Ethereum for investment purposes, as well as providing…
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Crypto analytics provider CoinMarketCap has announced a new metric for liquidity of crypto exchanges and token pairs, designed to replace volume as the principal metric. Leading crypto data site CoinMarketCap has announced the launch of its new metric to compare exchanges and token pairs based on liquidity. New gadget on the dashboard The announcement comes…
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Alibaba partnered with Bitcoin rewards shopping app Lolli, enabling its shoppers in the U.S. to earn 5% back in Bitcoin. Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli, enabling its shoppers to earn 5% back in Bitcoin. Alibaba customers can now get Satoshis (sats), the smallest unit of Bitcoin currency,…
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Limited availability goes full-scale after trading platform receives necessary green light from New York authorities. Institutional Bitcoin (BTC) trading platform Bakkt has announced it has launched its custody feature for its entire client base following regulatory approval. Bakkt: custody is “critical link” in BTC adoption In a blog post on Nov. 11, Bakkt said it…
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