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BITSTAMP GRANTED NEW YORK BITLICENSE

Bitstamp was granted a special license - BitLicense by the New York State Department of Financial Services, after which the exchange can provide services to the state residents. Bitstamp representatives announced this in an official statement: “We hava always met regulatory measures focused on transparency and accountability, which can help to expand the industry. Getting this license a crucial element in expanding our presence in the US, especially when it comes to working with institutional investors.” Getting BitLicense is a fairly complicated process that requires companies to comply with lots of customer protection requirements. Many representatives of the cryptocurrency industry are critical about BitLicense.As Bitstamp representative say, the license simply confirms that the company operates in accordance with "the same high standards as traditional financial institutions." Bitstamp also mentioned: “Since we opened in 2011, we have been striving to become not only the safest and most reliable cryptocurrency exchange in the world, but also to form new borders for the industry, developing best practices in the field of security and self-regulation. We always look forward to the opportunity to transfer the knowledge gained in Europe from across the ocean, and help to create a better environment for all digital assets companies, not only in the US, but also around the world.”

WESTERN UNION INTEGRATES CRYPTO WALLETS

The Philippine blockchain startup Coins.ph has started cooperation with Western Union, the American payment corporation. Now millions of people in the region can comfortably...

BITFINEX REMOVES THE MINIMUM EQUITY LIMIT OF $10,000

The Hong Kong cryptocurrency exchange Bitfinex decided to remove the minimum equity limit of $10,000 for opening a professional account. Representatives of Bifinex reported that...

ELIPAY PUSHES FORWARD CRYPTO ADOPTION

Elipay, a shopping and cryptocurrency wallet app, pushes forward digital assets adoption in Slovenia. The app is available for iOS and Android, allowing the...

“BITCOIN IS SLOW AND COSTLY,” – BRENDAN BLUMER

The CEO of the Block.one, EOS co-creator, Brendan Blumer, recently spoke during the Digital Commerce event, spreading mischaracterizations about BTC. He admitted that he sees...

BITCOIN USERS SIGNIFICANTLY OVERPAY FOR COMMISSIONS

According to a new study, Bitcoin users significantly overpay for commissions, because wallets incorrectly estimate the appropriate fee size. Bit Consultants’ released data shows the...

“BITCOIN TO BECOME THE MAIN PAYMENT SYSTEM IN 10 YEARS,” – DATALIGHT

DataLight predicts that if the growth of the crypto network continues at the same pace, then within ten years, Bitcoin will be ahead of...

BITFARMS COULD MOVE TO TORONTO STOCK EXCHANGE

Bitfarms, Israeli mining company, has announced its plans to move from the Tel Aviv Stock Exchange to Toronto Stock Exchange. Bitfarms has applied for a...

PAYPAL’S FIRST INVESTMENT IN A BLOCKCHAIN STARTUP

PayPal, an online payment giant, made its first investment in a blockchain technology company – Cambridge Blockchain. Cambridge Blockchain is a startup that helps...

“BITCOIN AND FRIENDS” IS RELEASED

A new animated series is released, which is called “Bitcoin and Friends”. The releasion of the 1st episode was a few days ago and...
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