Digital Bank Revolut Surpasses 3 Million Customers

U.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans…

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‘XRP Is One Of The Best Performing Cryptocurrencies this Year Because it’s solving Real Problems’: Brad Garlinghouse

In an interview with Bloomberg in Singapore, Ripple CEO, Brad Garlinghouse, referred to Ripple XRP as one of the best performing digital currencies in the world. He anchors his statement on the cryptocurrency success story in settling the global payment issues. Ripple’s XRP is a network that can never be sidelined in the crypto space,…

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Marshall Islands President Survives No Confidence Vote Prompted by National Crypto Plans

The President of the Republic of the Marshall Islands Hilda Heine has narrowly survived a no confidence vote that was partly prompted by her plans to introduce a national digital currency, Asia-focused English-language publication Nikkei Asian Review reports Nov. 12. The Marshallese parliament was reportedly split 16-16, just one vote short of the number needed…

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Vietnam at Crossroads on Cryptocurrency Regulations

Vietnamese authorities are still considering their approach to regulating the cryptocurrency space. The Ministry of Justice has put forward several alternative solutions and the Ministry of Industry and Trade has expressed its opposition to the ban on imports of mining equipment. Also read: Uzbekistan Sets up International Arbitration Center for Crypto Businesses Justice Ministry Reports…

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Ethereum’s Joe Lubin: Blockchain Will ‘Take a Little Longer’ to Develop Than the Web

Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9. Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar…

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Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation

Canadian blockchain and cryptocurrency company DMG Blockchain Solutions Inc. has energized its new crypto mining facility, according to an announcement published Nov. 8. DMG states that the facility will start at 60 megawatts, and can expand its capacity up to 85 megawatts. DMG Blockchain Solutions initially revealed its plans to launch the station in July,…

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Coinbase Launches Full Trading of Basic Attention Token

American cryptocurrency exchange and wallet provider Coinbase has announced the rollout of full trading of the Basic Attention Token (BAT) at Coinbase.com and in the Coinbase Android and iOS apps, per a blog post published Nov. 8. According to the announcement, Coinbase’s customers can now buy, sell, send, receive, or store BAT along with other…

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State Duma Chairman: Russian Stablecoin Would Be Equivalent to Fiat Ruble in ‘Digital Space’

The chairman of Russia’s State Duma Committee on Financial Markets has said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble in a digital space, state-operated Russian news agency RIA Novosti reported Nov. 7. Chairman Anatoly Aksakov said that the “crypto ruble,” which may appear after the adoption of laws…

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Korean Bar Association Pressures South Korean Govt For Crypto Framework

The Korean Bar Association (KBA) is urging the South Korean government to quickly establish a legal framework to help develop the local crypto industry and protect investors. In a news conference at the Korean parliament, the KBA, which is comprised of 23,557 attorneys and 1,353 law firms, has appealed to the government to promptly institute…

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Mauritius Financial Commission Releases Draft Regulation for Crypto Custodian Services

The Financial Services Commission (FSC) of the Republic of Mauritius has released a draft regulatory framework for crypto custodian services, according to an official document posted on Nov. 5. According to the announcement, the island country aims to establish regulation for custodian services for digital assets in order to enable users of crypto custodian services…

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Blockchain.com Wallet Adds Stellar, Announces $125 Mln XLM Airdrop to ‘Drive Adoption’

Cryptocurrency wallet provider Blockchain.com has launched full support for altcoin Stellar (XLM), accompanied by a hefty airdrop of $125 million worth of XLM to its user base. The news was announced in an official blog post today, Nov. 6. Blockchain.com pitched the mammoth offering as “the largest airdrop in the history of crypto and likely…

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Marshall Islands President Faces No Confidence Vote Due to National Crypto Plans

The President of the Republic of the Marshall Islands Hilda Heine faces a vote of no confidence due to her administration’s plans to introduce a national digital currency, Radio New Zealand News (RDZ) reported Nov. 5. The Marshallese parliament initially endorsed the creation of the national digital currency,  which would be called the Sovereign (SOV),…

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Crypto Markets See Widespread Wave of Green, Bitcoin Pushes $6,500

Monday, Nov. 5: crypto markets are seeing a wave of decent growth, with all of the top twenty cryptocurrencies by market cap in the green, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is today up close to two percent, trading around $6,400 at press time. Since sustaining mild losses Oct. 29-31,…

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Report: Israeli Projects Raised Over $600 Million via ICOs as of Q3 2018

Israel-based projects have raised over $600 million through Initial Coin Offerings (ICOs) as of the third quarter (Q3) of 2018, according to report by cryptocurrency analytics firm One Alpha released Nov. 2. Per the research, 140 blockchain-focused companies in Israel have attracted $1.3 billion in investment, wherein more than 60 percent of companies and 88…

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IOTA Foundation to Integrate Native Token With Ledger’s Hardware Crypto Wallets

The Germany-based IOTA Foundation will integrate IOTA tokens with Ledger’s hardware cryptocurrency wallets, according to a press release shared with Cointelegraph Nov. 2. The IOTA Foundation is a non-profit organization that supports the development and standardization of distributed ledger technology (DLT) and is focused on building ecosystems around IOTA in order to facilitate its commercial…

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Crypto Investment Firm’s Revenue Reaches Record $330 Mln in 2018, Despite Bear Market

Cryptocurrency asset management firm Grayscale Investments Inc. has reported revenue of nearly $330 million in 2018, according to its third quarter (Q3) investment report released Nov. 1. The company managed to reach this figure despite a prevailing bear market. In the report, Grayscale highlights that it raised $81.1 million over the last three months, which…

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Crypto Analyst Ran NeuNer Retracts His Claim That Bitcoin Will Hit $50K in 2018

Ran NeuNer, the host of CNBC’s CryptoTrader show, has rescinded his earlier prediction that Bitcoin (BTC) will reach $50,000 by the end of 2018, in a tweet Thursday, Nov. 1. NeuNer’s original prediction post from Feb.1, 2018 stated: “For the record, I am pinning this tweet. Bitcoin will finish 2018 at $50 000.” In his…

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Indian Official Proposes Ban On “Private Cryptocurrencies”

The government of India is considering a blanket ban on the use of “private cryptocurrencies,” according to a report published by the Indian government press center. During the 19th meeting of the Financial Stability and Development Council (FSDC) under the chairmanship of finance minister Arun Jaitley, senior government and financial regulation officials discussed “the issues…

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New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service

  New Zealand’s state-backed innovation institute Callaghan Innovation awarded a $330,000 grant to a local crypto wallet and trading service, according to a press release published Tuesday, Oct. 30. Callaghan Innovation issued an “R&D Project Grant” to local crypto wallet and trading platform Vimba, a rebranded version of former MyCryptoSaver. Following the grant, the crypto…

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Coinbase Now Worth $8 Billion, Raises Funds to Accelerate Crypto Adoption

Coinbase, the giant digital currency exchange, reports that it added $300 million USD after its latest fundraising round. As a result, the company says that its value now surpasses the $8 billion USD mark. Coinbase Sees Tremendous Promise in Crypto On October 30, 2018, Asiff Hirji, President and CEO, Coinbase, announced that the company had…

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