Cryptocurrencies archive news by date

Cryptocurrencies archive news by date

Cryptocurrencies latest news and history organized by date that contains 1000000+ news archives. Click here to read what world was saying about cryptocurrencies. The user is holding the cryptocurrency for some fun casino betting then this list of best bitcoin. For many of us, betting cryptocurrencies is still a new product. For many of us, betting cryptocurrencies is still a new thing. But, for several reasons, virtual currencies had become more famous among casinos and for casino games… Ethereum recently turned five years old, and coincidentally, it also appears to have reached an inflection point for user adoption. In the second quarter of 202 Uptrennd Coin is a social media platform where content creators are rewarded for their efforts, But Let us Find What Make Uptrennd Special. According to a Japanese media report, one of the courts in Tokyo gave the order to seize as much as $46,000 in BTC and XEM dating back to the hack suffered by the Coincheck WASHINGTON (Reuters) – A leading U.S. banking regulator said on Wednesday that national banks may provide custody services for cryptocurrencies. The Office…

  • AMZN Stock Gains 4% Crossing $3300 Level, Analysts Suggest Amazon Stock Split Possibility
  • Ukraine authorities work with Binance to catch crypto scammers.
  • High ETH Fees is Turning DeFi into a Game for Whales – Coinmetrics
  • FLETA Partners with Origin Protocol to Launch E-Commerce Store
  • What’s Better for Crypto Adoption: Print & TV Ads or Influencers?
  • Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report
  • Crypto launderers: Binance pivotal to arrest of laundering group in Ukraine
  • Million-Dollar Bitcoin Whale Says Traders Should Track Two Altcoins in Addition to BTC
  • community looks to split YFI token as price rockets past $10,000
  • 98% of All Bitcoin Is Now Worth More Than When You Bought It
  • Waves Powers Russia’s First Reported Crypto-Backed Bank Loan
  • Big Brother housemates in Nigeria get $500 Bitcoin reward after crypto quiz task
  • Tron (TRX) Price Analysis: Trimming Gains, But Uptrend Intact Above $0.025
  • Swipe (SXP) Greenlighted to Enter US Markets
  • 3 South African crypto firms sanctioned in the US
  • Market Analysis Report (19 Aug 2020)
  • Energy Web Enters into Partnership with SunSpec Alliance
  • S&P 500 Hits New Record High, Recovers All Coronavirus Losses
  • Airline Stocks Glimpse Daylight with Stunning Profits in South Korea
  • The Crypto Phenomenon Cannot be Ignored: US Banking Regulator
  • Elliptic To Start Monitoring Binance Chain and BNB for Efficient Scaling Operations and Risk Management
  • US authorities charge operators of crypto firm AirBit Club over alleged scam and money laundering.
  • Walmart CEO Gives Hint about Walmart+ Program, WMT Stock Down 0.66% Yesterday
  • Europen Union formulates cryptocurrency legal framework
  • The Solutions that CFX Quantum Offers for Problems Facing the Financial Sector
  • Paysafe & Bankable Join with Red Cross to Provide Emergency Relief Visa Cards
  • AirBit Club Ponzi Operators Charged With Fraud and Money Laundering
  • $200m Staked in YAM-Inspired DeFi Protocol in Under 12 Hours
  • Indian DeFi time: WazirX AMM protocol to launch on Matic Network
  • Goldman Sachs’ Digital Assets Team Seeks VP to Scale Up Crypto Operations
  • Bitcoin Cash short-term Price Analysis: 19 August
  • 3 Reasons Asian Stock Markets Will Toast a Biden White House Win
  • Oracle’s Interest: TikTok Customer Data Is Presumed to Be Huge Attraction Factor
  • Crypto Market Update for 19 August 2020: $ETH, $LINK, $LTC, $YFI, $LUNA
  • Archax becomes first UK FCA-regulated digital securities exchange
  • Tron price analysis: TRX dumping gains, next stop $0.020?
  • Swedish Financial Supervisory Authority Warns on ‘Fortuna Private Investments’
  • Tons Of Great Litecoin News Prove The Silver To Bitcoin’s Gold Is Far From Being “Boring”
  • Is high ETH fees making DeFi a game for whales?
  • China has over 10,000 new blockchain companies in 2020 so far
  • Archax Gets FCA Authorisation to Operate as Digital Securities Exchange
  • UK Regulator Grants License to Digital Security Exchange Archax
  • Crypto market drops $20 billion in one day
  • Vile Misconduct Claims Land Batman Studio in Gaming’s #MeToo Spotlight
  • Spaghetti Money records over $200 million 12 hours after launch
  • BitMEX operator invests $1.5 million in Vietnamese crypto platform VCC Exchange
  • HashCon 2020 & New Infrastructure Mining Summit to be held from Aug 22- Aug 23
  • Warren Buffett Will Panic Buy Bitcoin at $50,000, Says Max Keiser
  • Newly Launched DeFi Giant yEarn Finance Climbs $12,000 from $32 in a Month
  • Ethereum Classic 51% attacker stole $5.6 million from the crypto exchange OKEx.
  • Binance-Owned WazirX to Launch DeFi Protocol Using Matic Network
  • Bitcoin’s Bull Run is Slowing – Pullback Now Expected
  • XRP Isn’t Competing With Stablecoins and CBDCs, Says Ripple Exec
  • WAVES Used For The First Cryptocurrency-Backed Bank Loan In Russia
  • Russian bank is said to have issued the country’s first crypto-backed loan
  • SpaceX Raises $1.9 Billion in Its Biggest Funding Round to Date
  • Chainlink, Zcash, BAT Price Analysis: 19 August
  • Tron is attempting to replicate the success of Ethereum’s Uniswap with “JustSwap”
  • Huobi Meets ‘Loud and Clear’ Demand for Crypto Savings Accounts
  • Prince Harry Pretends Being ‘Woke’ – But I’m Afraid It’s Elitist Hypocrisy
  • Stock-To-Flow Creator Says The Bitcoin Bull Market Has Been Officially ‘Confirmed’ — Here’s Why
  • Team Heretics Partners with Chiliz and Socios to Launch $TH Fan Token
  • UK regulator grants license to upcoming digital securities exchange Archax
  • Bitcoin Price Down 3% Today, Trading at $11,800 Now
  • Traders Beware: Bitcoin Jump to $12K a “Fakeout,” BTC May See Further Losses
  • Russia’s First Cryptocurrency-Backed Loan Uses Waves as Collateral
  • Bitcoin: Should you be worried about another March-style crash?
  • Gemini Taps Eventus to Boost Trade Surveillance
  • Flight delays could earn you Bitcoin in Bulgaria
  • Litecoin looks set for a bearish move, falling below $60
  • Ripple executive says XRP is not competing with CDBCs and stablecoins.
  • Barclays’ Former Russian Bank Has Issued a Token-Collateralized Loans
  • Bitcoin mining companies are pivoting to AI chips
  • KuCoin Warns of Impersonator Website Offering Incentives to Deposit Crypto
  • Algorand To Facilitate DeFi App Creation With Major Network Upgrade
  • NFTs Are Boring; Here’s How to Make Them Fun
  • Algorand’s Newest Upgrade Turns the Project’s Eyes Towards DeFi
  • Only ‘Something Unexpected’ Can Stop Bitcoin Price Bull Run — Bloomberg
  • China’s Iron Ore Importers Plan To Switch To Digital Yuan
  • Source:

    Popular casino and gambling sites in 2020

    Popular casino and gambling sites in 2020

    The user is holding the cryptocurrency for some fun casino betting then this list of best bitcoin. For many of us, betting cryptocurrencies is still a new product.

    For many of us, betting cryptocurrencies is still a new thing. But, for several reasons, virtual currencies had become more famous among casinos and for casino games including speed, greater flexibility and security.

    It may be difficult to select the best bitcoin casino. The instability of cryptocurrency prices and the industry’s multiple cases of fraud.  As someone who is about to transfer actual cash into an online bitcoin casino. To know more about investing in bitcoin visit

    Various famous bitcoin casino: –

    1. mbit

    It is one of the oldest out of their bitcoin casinos. The Curacao-regulated casino provides a comprehensive collection of online crypto betting. In this single platform, the poker players had dozens of different options from video poker to roulette to pukers.

    The encrypted gambling method is an interesting element of bitcoins which allows the user to access without providing any extra details. This is a major plus point in the industry.

    Its claim that all payments are safe and 100%secured. In addition, bitcoins help the user to withdraw funds at a blistering speed, usually, it takes a short span of time to collect funds.

    The open chat room is a great perk of bitcoins. It helps all players to share their experience which improves group sense and serves as an external touch channel for approval related matters.

    2. Bitstarz

    This provably fair casino is definitely the most common option among crypto betting for good reason: it hosts over 20,000 quality games and is compatible with different methods of cryptocurrencies such as bitcoin and cryptocurrency. Bitstarz casino also supported other easy forms of payment and withdrawal such as visa and bank.

    The main aspect of this crypto casino website is the excellent support team behind it. They can be reached via the website, emails and social media. One main benefit of customer care is that it is opened 24/7 hours.

    In other terms, the bitstarz is Eco friendly and they have unlocked an exclusive cash prize for cryptorium News.

    3. Bit casino

    This strictly regulated online gambling is the top of its class and currently offers more than 3000 online betting in bitcoins

    Bitcoin is an advantage of optimizing the effect of deposits with incentives and cash up to 10 per cent. It contains a cash-based incentive system so the user can calculate the possibility of success

    Bitcoins are fair in addition to being expertly designed as compared to other crypto casinos. The platform lets users cash out incentives without affixing wagering equipment.

    One of the main pros of this is that it supports non-standard currency such as Indian rupee.

    4. 7Bit Casino

    It is a good bitcoin casino for newbies, despite its reduced size. The amount of games available is not especially enticing, but it is completely worthfully. The second and third funds earn a 50 per cent bonus up to 1.25 BTC and the fourth up to 1 BTC.

    The various opportunities are ideal for those that offer the first steps in the world of crypto betting for users to play more and more.

    The solutions available would suit any requirements when it comes to payments and withdrawals. Gamblers can choose either payment cards and standard wire transfers and cryptocurrencies.

    5. FortuneJack

    It was released in 2014 and has been the go-to option for poker players since then. In various categories, the online crypto games offer more than 500 games such as poker, dice, live casino and proven fair.

    This casino is also licensed in Curacao just like the above organizations. The network supports a wide variety of cryptocurrencies including bitcoin, dash and some popular security coins such as Zcash.

    It provides solid customer support and a section on frequently asked questions. The broad range of games and outstanding client reviews had earned Fortune jack a trusted certificate from Askgamblers.


    Author: RJ Frometa

    East vs. West — How Does Cryptocurrency Adoption Compare?

    East vs. West — How Does Cryptocurrency Adoption Compare?

    Ethereum recently turned five years old, and coincidentally, it also appears to have reached an inflection point for user adoption. In the second quarter of 2020, daily active Ethereum users nearly doubled to 1.26 million, up from 637,000 in the first quarter, according to a recent report from The sudden spike is widely attributed to the release of Compound’s COMP governance token.

    In the same report, several other numbers stand out. Notably, after Ethereum, the two blockchains with the most daily active users are Klaytn and Terra, with Klaytn having been far ahead of Ethereum in daily active users before the excitement around decentralized finance following the COMP token release in June. 

    Furthermore, Klaytn has also made strides in achieving over 7.5 million total unique users, versus 4.5 million on Ethereum. Although Terra is still catching up with 1.78 million total users, it’s worth noting that it’s outpaced every other major blockchain platform, including EOS, Tron and NEO. 

    What is it about Klaytn and Terra that’s managed to attract such sizable user bases when they’ve both been around for less than half of Ethereum’s lifetime? There could be many driving factors at play. 

    However, perhaps the most obvious comparison is of the East and West. The Ethereum Foundation is based in Switzerland, and many of the decentralized applications based on Ethereum are developed by teams in Western countries, whereas Klaytn and Terra both have more of an Asian focus. 

    Zooming out to the macro level, there are some critical variations in the path to adoption between countries in the East and those in the West. I believe these differences create a plausible basis to account for the variation in adoption rates.

    While Silicon Valley has firmly established itself as the epicenter of Western tech development, entire Asian countries such as South Korea, Japan and Singapore have become renowned for their affinity with technology in consumers’ daily lives. 

    In the case of South Korea, the government has been on a mission to put the nation at the forefront of telecommunications development for over four decades. From 1980 to 1987, government investment took Korea to universal status in telecommunications. Fast forward to today, and South Korea has had universal fiber network access in place for years now. Compare this to the United States, where fiber access stands at around 30%. Furthermore, the existing investment means that the Korean infrastructure can be upgraded to substantially higher speeds at low costs for decades to come, according to the Electronic Frontier Foundation.

    Extensive government investment in infrastructure ultimately led to major global technology firms, including Samsung and LG, establishing themselves in Seoul. Moreover, these firms have also been at the forefront of embracing blockchain technology and incorporating it into their existing range of consumer products. For example, Samsung has integrated blockchain technology into its Galaxy S10 and S20 phones and also teamed up with Gemini to connect the exchange directly into the Samsung blockchain wallet.

    Related: Samsung Phone Support for Gemini Exchange Can Further Crypto Adoption

    A massive reason for the rapid success of Klaytn and Terra is that they have been established by companies that already had an existing working product and consumer base. Klaytn emerged from a subsidiary of Kakao, which operates Korea’s biggest messaging app, holding a 98% market share, KakaoTalk.

    Similarly, Terra hosts CHAI, a mobile payment service that is integrated with several major partners for its payment services, including Yanolja, Korea’s number one hospitality app, and Nexon, Korea’s premier game publisher. Terra is on track to surpass 1 trillion Terra (KRT, equivalent to over $830 million) in organic volume within the next six months. 

    In a similar way to Samsung, these projects have taken an existing product or platform and incorporated blockchain technology in such a way that users don’t even need to know that the underlying technology is based on a blockchain. Furthermore, they have an established user base and understand their needs, enabling them to create solutions that consumers value.

    This could account for why it’s taken longer for Ethereum to gain traction among users. A critical barrier to entry is that users need to hold Ether (ETH) to pay gas fees, a barrier which developers either leave in place or have had to work to overcome.

    The rise of DeFi represents the first paradigm shift in the crypto industry where developers have started building around market demand, capturing an opportunity to provide a new financial infrastructure for users. While DeFi is undeniably a fascinating and burgeoning segment that’s being powered by the Ethereum ecosystem, it’s operating in a niche of users who already know and understand blockchain technology and cryptocurrencies. The barriers to entry are a natural consequence of the way that Ethereum emerged — as an infrastructure solution, rather than in response to consumer demand.

    Where Western firms have attempted to take a more consumer-focused approach to blockchain implementation, it’s unfortunately been the case that U.S. regulators have stopped them in their tracks. Two of the most prominent examples are the Telegram Open Network project and Facebook’s Libra venture.

    Telegram was forced to abandon the TON project after the Securities and Exchange Commission deemed its token sale an offering of securities, a decision that was later criticized by SEC Commissioner Hester Peirce. As Peirce pointed out, Telegram isn’t even a U.S. company.

    Similarly, Facebook’s Libra project has come up against intense regulatory scrutiny from both the U.S. and countries in the European Union. This ultimately led to many of the Libra Association’s original members, such as PayPal, to drop out of the project entirely. The project now faces lengthy delays.

    This leads to another critical difference between East and West — the approach to regulation. This issue also has roots going back further than it may first appear. To compare the U.S. and South Korea, the authorities of both countries started sitting up and taking notice of cryptocurrencies around the time of the ICO boom in 2017.

    However, partly thanks to the established digital infrastructure in South Korea, many citizens were already heavily invested in cryptocurrency. At one point in 2017, Bitcoin (BTC) and Ether were trading on South Korean exchanges at a 30% premium above their western counterparts because crypto was in such high demand.

    Therefore, in contrast with the positively draconian attitude of the SEC, the South Korean government has had to take a more cautionary approach. Clamping down with a similar attitude to the U.S., regulators would have been a political death knell.

    Furthermore, obtaining investment can be fraught with friction in the U.S. due to the onerous obligations that the SEC imposes on venture funds. In contrast, the Korean Financial Services Commission takes a hands-off approach to proprietary investment funds such as Hashed, which has provided early-stage backing to projects including Klaytn and Terra.

    Nevertheless, Hashed has been working with South Korean government agencies to help better regulate cryptocurrencies to bring greater clarity to those operating in the space. In March, a law was passed that introduced a permit system for digital asset exchanges, while more recently, the government approved an amendment to existing legislation around taxation to include a flat tax on crypto profits.

    While some quarters of the crypto community prefer an unregulated environment, it’s unarguably the case that regulation brings more freedom to operate for existing businesses wanting to expand into digital assets. As a result of the South Korean government’s improving framework, major banks are now starting to develop infrastructure for cryptocurrencies, such as custodial solutions.

    None of this is to say that the path to blockchain and cryptocurrency adoption is simple. In the East and West, the journey is convoluted and comes with its own challenges. The cryptocurrency community should work together with regulators to ensure that the necessary legal frameworks are in place to enable freedom to operate and attract broader investment from outside the space.

    However, this will only help to achieve adoption if it’s coupled with a consumer-centric approach to blockchain applications. With the last few years having placed a heavy focus on developing the technological underlayers, now is the time to start considering how consumers can best interact with blockchain technology. By removing these two significant rocks from the road, we can accelerate the quest for mainstream mass adoption.

    The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

    Simon Seojoon Kim is the CEO and managing partner at Hashed. He is the leading blockchain thought leader and evangelist in South Korea, working with dominant IT companies including Kakao, Line, Watcha and Spoqa to launch their blockchain initiatives. Prior to Hashed, Simon co-founded an ed-tech startup Knowre in the U.S. and Korea where he served as the chief product officer. Knowre was named one of the World’s Top 10 Most Innovative Companies in Education by Fast Company later acquired by Daekyo — the largest education company in South Korea. Simon is also a venture partner at Softbank Ventures Asia and serves as a member of the 4th Revolution Committee of the South Korean Parliament. Simon also sits as a Director of the Korea Blockchain Association and a member of the Busan Blockchain Free Zone committee.


    Author: admin

    What is Uptrennd Coin (1UP)-What Makes Uptrennd Special?

    What is Uptrennd Coin (1UP)-What Makes Uptrennd Special?

    Uptrennd Coin (1UP) was established in 2019 by Jeff Kirdeikis.

    Before making Kirdeikis was associated with the Cryptocurrency Investing Network (CCI).

    Kirdeikis observed that there was enormous censorship on Facebook, Twitter, and Google regarding crypto content and ads.

    Kirdeikis and CCI team considered inventing a platform where users can unobstructedly share quality content, earn rewards, and free of censorship.

    This idea gave birth to Uptrennd Coin (1UP).

    Uptrennd Coin is a social media platform like Steemit, etc where content creators are rewarded for their efforts by a cryptocurrency 1UP.

    Uptrennd (1UP) not only rewards content writers but also the users who engage with the content.

    Uptrennd (1UP) is based on Ethereum blockchain and is an ERC20 token.

    Uptrennd (1UP) is winning some extraordinary attention because it is Defi token.

    Just like other Defi coins, Uptrennd has got good recognition form investors and cryptocurrency lovers.

    1Up coin has given 20x return since January 2020 and its user database is growing every day.

    Uptrennd has passed every other cryptocurrency social media platform on the basis of user registration and daily visits.

    1UP is only little behind Steemit and the way Uptrennd is building, it will soon cross Steemit.

    Uptrennd uses an upvoting method to reward its users, by 1UP coin.

    Uptrennd remunerates its users for creating quality content like plagiarism free posts, videos, news, etc, and also users are rewarded that read and upvote content.

    The points earned can be exchanged by 1UP coin.

    The value of points is based on advertising revenue of platform, the funds are gathered in Uptrennd blockchain and then fairly distributed among Uptrennd users.

    Visit Uptrennd

    You can earn 1up coins by devoting your time and efforts on Uptrennd.

    Crypto social media platforms are gaining some tremendous appreciation.

    With the help of these platforms, users have no stress of making a website, ranking it on google, attracting new users.

    Just what you need to do is make quality original content and your content will gain the attention of Google because of high domain authority of these crypto social websites.

    Not only Google will bring traffic to your posts but you will be rewarded on daily basis by the platform community in the shape of Upvotes.

    These upvotes are real money, you can exchange these upvotes into crypto social media respective coins (1UP in case of Uptrennd) and then withdraw these coins to your exchange or wallet, convert them into BTC, ETH or to your fiat currency.

    Below are simple ways that can help you earn 1Up Token.

  • Try to get as many upvotes as you can by posting engaging content, The more upvotes means more 1UP coins.
  • You can ask for a donation for your efforts in contributing to Uptrennd. Several users donate if they observe genuine effort in your content.
  • Uptrennd uncommon specialty that differentiates it from others is that you can earn 1UP coins by engaging with content.  Reposting any content will make you 50% of points.
  • You can participate in daily, weekly, or monthly contests for more 1UP tokens.
  • You can attract new users by Uptrennd affiliate program to win 1UP tokens.
  • 1UP token can be used for the following purposes.

  • First of all, you can trade your 1UP coin, 1UP has given more than 20x returns since January 2020 and is being launched on popular exchanges, where you can readily trade 1UP against top cryptocurrencies.
  • You can level up by 1UP tokens. As your level increases, you earn more 1UP coins per upvote.
  • You can support other people by upvoting them with your 1UP coins.
  • When competition is so tough, your post may not get the attention you want, Use your 1UP coins to promote your content and be visible to others.
  • Progress is made by rules, if you do not set specific rules, you can never achieve success.

    Below are the main Uptrennd rules.

  • Posting any content that is unlawful, harassing, harmful, threatening, abusive, hateful is not allowed.
  • You cannot ask for upvotes.
  • You are not allowed to make multiple accounts.
  • You are allowed to post only in English, Spanish, or Espanol.
  • You cannot create posts that promote unlawful gambling or pyramid scheme.
  • You cannot post any content that causes abuse to minors.
  • Impersonating any individual in any kind of form is not allowed.
  • You are not allowed to post any content that is not yours in any form.
  • You are not allowed to do any kind of spam.
  • You cannot break any local, state, national or international laws.
  • You cannot do Upvote gamification.
  • Comments spamming is strongly discouraged.
  • Below are some useful resources for Uptrennd.

    At the time of writing the price of one 1UP coin is $0.053260.

    For real-time Uptrennd price visit:

    1UP coin is available on the following exchanges.

    Tweets by Uptrennd

    Uptrennd did not performed an ICO, It is an independent project.

    Uptrennd is an ERC20 token and is a Defi project.

    Uptrennd has a unique policy of user data and it does not sell any kind of Data to third parties.

    Uptrennd also does not censor content, however strict actions are taken if the content does not meet the specified conditions.

    One upvote is equal to 0.45 points and one point makes 1 UP coin.

    But as you level up you earn more points by a single upvote.

    Upvoting content costs you nothing.

    Converting points to 1UP token is simple, go to your “account info” option and click on “withdraw points” to convert them into 1UP Tokens.

    What are your thoughts on Uptrennd, Do you think that this project will deliver in long term, Please let us know in the comments.

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    Japan seizes the cryptocurrencies from the Coincheck hack

    Japan seizes the cryptocurrencies from the Coincheck hack

    According to a Japanese media report, one of the courts in Tokyo, Japan, gave the order to seize as much as $46,000 in Bitcoin (BTC) and NEM (XEM) dating back to the hack suffered by the Coincheck exchange two years ago.

    In January 2018 the exchange lost 530 million dollars in NEM and other crypto assets. Since then, the authorities have continued to keep track of all the movements of the assets made by the criminals in order to recover them and identify those responsible.

    Last March, the Japanese police arrested two men, a 30-year-old doctor from Hokkaido and an administrator from Osaka Prefecture. Later, it was the doctor himself who was indicted for buying the tokens stolen during the hack at a discounted price on the dark web, seeing that he certainly knew where the funds came from.

    The cryptocurrencies have now been seized and frozen and will be transferred to the competent Japanese authorities who will auction them off, as happens when assets and real estate are seized.

    This seizure of crypto funds would be the first case in japan’s history. 

    It is worth noting that even though people have not participated in a theft directly, they become accomplices in the theft as they operate with stolen and resold assets.

    The choice to confiscate the cryptocurrencies is certainly questionable since, in these cases, once the origin of the crime has been ascertained, the crypto assets should be returned to their rightful owners, in this case to the Coincheck exchange. But perhaps, given the amount in question, the exchange preferred to turn a blind eye.

    This, however, should give pause for thought: attacks in this sector are difficult to trace, but with a lot of effort and time it is always possible to trace the criminals, especially because the blockchain allows to monitor the activities and transactions made, practically indefinitely.


    Author: By Alfredo de Candia
    – 19 Aug 2020

    U.S. banks given regulatory green light to safekeep cryptocurrencies –

    U.S. banks given regulatory green light to safekeep cryptocurrencies –

    U.S. banks given regulatory green light to safekeep cryptocurrencies –

    WASHINGTON (Reuters) – A leading U.S. banking regulator said on Wednesday that national banks may provide custody services for cryptocurrencies.

    The Office of the Comptroller of the Currency said in a new letter that providing custody and safekeeping services for cryptocurrencies, including holding “keys” needed to access cryptocurrency holdings, is a modern version of traditional banking activities and should be allowed.

    “From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today,” said Acting Comptroller of the Currency Brian Brooks in a statement.

    The new OCC opinion provides further entry for traditional banks into the cryptocurrency business, where the rules have been murky about what is and isn’t permitted.

    Prior to joining the OCC, Brooks served as the chief legal officer for Coinbase, a crypto exchange. Brooks took over as acting head of the federal agency in May.

    In its opinion letter, the OCC said protecting access to cryptocurrencies falls within “longstanding authorities to engage in safekeeping and custody activities” for banks.

    Banks can provide such business to customers with cryptocurrencies, so long as they ensure they are following relevant laws, including those pertaining to money laundering. The OCC said banks considering this business should discuss the matter with regulators before launching it.

    Reporting by Pete Schroeder; Editing by Chizu Nomiyama and Aurora Ellis


    Author: By

    Cryptocurrencies archive news by date

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