In the Daily: Fidelity Investments, London Stock Exchange Group, Sofi

In this edition of The Daily we feature a number of traditional financial companies that are stepping into the crypto assets world. Fidelity Investments backs Coin Metrics, London Stock Exchange Group funds tokenization platform Nivaura and Sofi is set to add crypto support. Also Read: Top Business School in India to Offer Advanced Blockchain Program for Professionals Fidelity Investments Backs Coin Metrics Coin Metrics Inc, a provider of crypto market and network data, has announced it closed a $1.9 million seed round of venture funding. The financing came from Fidelity…

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Square Reports Biggest Bitcoin Revenue To Date At $52M

Square, the payment network from Twitter CEO Jack Dorsey, turned more Bitcoin revenue in Q4 2018 than at any time since it began support for the cryptocurrency. Q4 Beats Bitcoin Record Data from the company’s Q4 earnings report this week confirmed its Bitcoin sales topped $52 million, beating Q3’s $43 million and far outstripping the $37 million from Q2. Users of Square’s Cash app have been able to buy and hold Bitcoin since last year, a service which has proven surprisingly popular among the product’s mainstream US consumer base. The…

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Putin’s Order: Russia to Adopt Cryptocurrency Regulation by July This Year

Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Putin’s New Order Putin has approved a list of instructions for 47 orders, according to a document posted on the Kremlin website on Wednesday. Among them is an order for the government to…

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Honest Cash Publishing App Sees Organic Growth and New Features

Last November, a new Bitcoin Cash-powered publishing platform was launched called Honest Cash after the blogging site Yours.org opted to follow the BSV chain following the blockchain split. Since then, the Honest Cash application has seen significant growth, new features, and a custom SLP-created coin called the Honest Cash Token (HCT). Also read: Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize Bitcoin Cash Social Media App Honest Cash Grows Bigger Every Month The BCH-centric publishing platform for content creators Honest Cash has seen a lot of changes in…

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New Pwc Report on Crypto Insolvency Captures the ICO Chaos

Accounting firm Pwc’s Hong Kong branch recently released a crypto insolvency report guiding crypto business owners on what to do “when things start to go wrong.” News.Bitcoin.com spoke to the crypto head of Pwc’s Asia operations, part of the team who released the report, on how he views the current cryptocurrency landscape, the factors that are causing crypto firms to become insolvent, and why he believes industry regulation is unavoidable. Also read: 46% of Last Year’s ICOs Have Failed Already Why Crypto Business Owners Need Help Navigating Insolvency It would…

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Cryptopia Lost Almost a Tenth of Its Assets in January Hack

New Zealand cryptocurrency exchange Cryptopia has published a series of tweets detailing the extent of the losses it suffered during an attack by hackers in January. It said: “We have calculated that worst case 9.4 percent of our total holdings was stolen.” Also read: 125-Year Old Swiss Bank Julius Baer Enters Cryptocurrency Market ‘Securing Individual Wallets’ The Christchurch-based exchange explained that it is “continuing to assess the impact incurred as a result of the hack,” but did not provide the value of the heist in dollar terms. Since Jan. 15,…

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Platform for Crypto Payments to Bank Accounts Launching in the UK

A company based in London has announced it’s launching a payment service that can help increase the mainstream adoption of cryptocurrencies. It allows users to send or spend digital coins which are converted and then transferred in the form of fiat money to the recipient’s bank account. Also read: ‘Bitcoin to the Moon’ Signs Appear on Ukrainian Tram Aave Pay Supports 12 Cryptocurrencies Aave Pay is an online platform that can be employed to pay with cryptocurrencies where regular bank transfers are accepted. Users will also be able to send…

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Did Ripple Pay Coinbase to Break Its Own Policy and List XRP?

As XRP trading went fully live on Coinbase Pro, a new report outlines that the cryptocurrency exchange has violated its very own listing framework.  Coinbase Breaching Its Own Rules XRP trading went live on Coinbase Pro on February 25th. Formerly known as GDAX, the platform provides traders with more advanced features compared to the regular one known as just Coinbase. Naturally, the price of XRP 00 surged following the announcement, gaining over 10 percent on the news. A new report by Diar, however, points out that Coinbase Pro has breached its very own…

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Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize

On Feb. 27, Boston-based cryptocurrency finance firm Circle announced a partnership with Nice Actimize financial crime detection and prevention technologies unit. Circle follows other large cryptocurrency exchanges that have opted to add a compliance and surveillance solution. Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months Goldman Sachs-Backed Crypto Exchange Partners With Compliance and Surveillance Unit Circle believes there is a need for regulation in the crypto market ecosystem so the Goldman Sachs-backed firm has decided to partner with a compliance and surveillance entity called…

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London Stock Exchange Leads $20M Investment Into Blockchain Startup

The London Stock Exchange Group (LSEG) has reportedly led a $20 million investment round in a fintech startup called Nivaura, which is behind the issuance of the first automated cryptocurrency-denominated bond.  London Stock Exchange Invests in Tokenization Startup The LSEG has led an investment round worth $20 million in the startup Nivaura, Reuters reports. The stock exchange has paid an undisclosed amount to acquire a minority stake in the startup. Other investors in the round include Santander InnoVentures which is Banco Santander’s venture capital arm. Nivaura is the company behind the…

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