More BitGo news today, as Formosa Financial, the one-stop financial services platform for managing digital assets, has announced a collaboration with BitGo to integrate BitGo's custodial services into the Formosa Financial suite of digital asset management tools. Having successfully reached their hard-cap via private round funding this May, Formosa Financial is aiming to solve many…
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The CFTC has announced that a New York federal court has ordered New York corporation Gelfman Blueprint, Inc. (GBI) and its Chief Executive Officer Nicholas Gelfman of Brooklyn, New York, to pay in total over $2.5 million in civil monetary penalties and restitution in what was the first anti-fraud enforcement action involving Bitcoin filed by the CFTC. James McDonald,…
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After the SEC rejected a few Bitcoin ETFs and has been "wandering" around and chasing cryptocurrency companies, the regulatory body has decided to open a special office to deal with all crypto-related projects. The so-called Strategic Hub for Innovation and Financial Technology (FinHub) will be a connecting point between the SEC and the cryptocurrency industry, making…
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Mike Novogratz is undoubtedly one of the biggest cryptocurrency supporters., often commenting on the bright future of Bitcoin and the whole market. Now, he is teaming up with Goldman Sachs, which was rumoured to be creating a cryptocurrency trading desk, to invest in BitGo Holdings Inc. According to their website, BitGo describes itself as a…
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Stephen Hammond, MP, and Member of the UK Treasury Select Committee joins regulated Crypto Exchange IronX to advise on Government Relations, the exchange just announced. The joint venture between IronFX, an online trading and EmurgoHK company, developers of Cardano (ADA), the ninth-largest crypto Coin by market cap, aims to bring crypto trading to the mass…
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Digital Asset Custody Company (DACC), a custody solution purpose-built for institutional investors holding digital assets, has announced that it has expanded its custody solutions to cover Monero (XMR). Launched in April 2014, XMR is frequently cited as one of the most private tokens available in cryptocurrency markets. Given the complexity of supporting Monero in a…
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Coinbase is definitely going all-in the cryptocurrency game, as it continues to expand its current portfolio. The latest addition, however, has sparked some conversation as to why the exchange has decided to list one of the most experimental coins out there - ZRX, or simple, 0x. The coin was added on October 16th, across the…
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tZERO, the blockchain-meets-Wall-Street subsidiary of Overstock.com, Inc. (NASDAQ:OSTK), has just announced it has completed the issuance of preferred tZERO security tokens. Tokens were issued to investors who had fully funded signed agreements for future equity (SAFEs) prior to the August 6, 2018 close of the company’s Security Token Offering (STO). tZERO raised $134 million from…
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Cointelegraph just reported that a young man from Russia is currently facing court allegations, as he illegally mined Bitcoin through state-owned servers. Reportedly, the man is from Kurgan, a Siberian city. The "theft" was reported by the local office of Russia’s Federal Security Service or FSB. The breach, however, occurred not only in his region,…
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CryptoCompare, the global cryptocurrency market data provider, has today published the ‘Cryptoasset Taxonomy Report’. The taxonomy provides retail and institutional investors, regulators and the industry as a whole with an independent classification of cryptoassets, based on the depth, breadth and scope of CryptoCompare’s global datasets. More than 1,000 different cryptoassets have emerged in the last…
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