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Tag Archives: Crypto

Money Lender Genesis Files for Partial Bankruptcy – Dutch Firm Bitvavo Seems Off The Hook

The American company Genesis, a money lender, has filed for partial bankruptcy. The company currently has about 3 billion dollars (2.77 billion euros) in debt. Genesis is part of the Digital Currency Group (DCG), a conglomerate of more than 200 crypto-focused businesses. One of Genesis’ main activities was lending money to crypto companies. It brokers digital assets for financial institutions ...

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Genesis Coin Inc, Powering 35% of Global Bitcoin ATM Transactions, Acquired by Bitstop Founders

Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo. Founded in 2013, Genesis Coin’s technology powers approximately 35% of global Bitcoin ATM transactions. Barnard and Carrillo, who also founded Bitstop, built the first and largest private-label Bitcoin ATM platform based ...

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Feature Film Mints Every Frame into a Non-Fungible Token (NFT)

The Rideshare Killer a horror/thriller feature film that explores some of the potential risks of using ridesharing services, has just become the first “every frame minted” (EFM) film. The producers minted all 119,170 frames of the feature film into individual 1-of-1 NFTs on the Polygon Blockchain. With nearly 120,000 individual NFTs minted, The Rideshare Killer offers horror fans a unique ...

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Astar Network’s ASTR Token Registered on JVCEA’s ‘Green List’ After Listing on Huobi Japan

The Japan Virtual and Crypto Assets Exchange Association (JVCEA)’s Green List dramatically speeds up the token listing on member exchanges, accelerating adoption Astar Network, a smart contracts platform for multichain, officially announces the listing of its native ASTR token on Huobi Japan, which has now become the third crypto exchange in Japan to list ASTR after Bitbank and GMO Coin. ...

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The FCA is Planning to Clamp Down on Unregistered Crypto-ATM’s in the UK

The FCA has announced a clamp down on crypto ATMs. In a joint operation with the Metropolitan Police, the FCA inspected several sites in East London suspected of hosting crypto ATMs, which are currently illegal. Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA, said: “Crypto ATMs operating without FCA registration are illegal and, as today shows, we ...

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Silvergate Collapses. What Implications Does This Have?

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin dropped further this morning, as investors are concerned about the consequences of Silvergate’s collapse. I think this could have significant implications for crypto regulations in the US and banks’ ability to deal with digital asset platforms and cryptocurrency brokerages. This is due to the narrative of crypto ...

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Satoshi Nakamoto’s last unfinished project inspires this new online marketplace disruptor in the crypto space

A fork of Bitcoin, known as Particl, has announced the completion of an eBay-style marketplace that’s been integrated into its wallet. Built using blockchain smart contracts, the marketplace is derived from an original concept first proposed by Satoshi Nakamoto. Particl’s latest release forms a trustless, unstoppable marketplace where buyers and sellers can trade goods without the risk of getting scammed. ...

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Bitcoin Volumes Drop Amid Silvergate Uncertainty

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin hovers around $22,400, as investor sentiment continues to be bearish amongst Silvergate panic. Negative investor sentiment is backed up by data from digital asset platform Coinshares showing that digital asset investment products saw minor outflows totalling $17 million last week, which was the fourth consecutive week of ...

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Dombbit Dual Mining Equipment is Epic 

Dombey Electrics Co. (www.dombbit.com), a UK Electrical company has launched the first dual mining machine. With the production site in HongKong, Dombey Electrics have offices in three continents. In 2019, the company introduced the low-power consuming cryptocurrency miners, but not only that, they launched the cryptocurrency miners that perform dual mining functions. What it means is that it can mine ...

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Paxos ordered to Halt U.S. Dollar-Pegged Binance Stablecoin BUSDT- Has the SEC War on Crypto Begun?

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin is currently testing $21,500, a key support level, whilst US regulators hone in on crypto firms. The SEC is suing Paxos, the issuer of BUSD, and has labelled BUSD as an “unregistered security”. Paxos has been ordered by the New York Department of Financial Services (who regulate Paxos) ...

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