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Paxos Standard Hassling Ethereum Traders Trying to Redeem Stablecoin PAX for Dollars

The source for this article wishes to remain anonymous. He is one of multiple sources this reporter has spoken to recently. All of them are relatively large-scale traders who have used Paxos Standard. They are a group of five traders. They trade in the millions of dollars per week via multiple exchanges including Binance and Huobi. These are mentioned in this article but aren't the subject of it...

No Bitcoin ETF Before Important Changes to BTC Markets: SEC Chairman

sec chairman jay clayton cryptocurrency

SEC Chairman Jay Clayton has claimed that bitcoin exchanges lack sufficient transparency and monitoring for the market to see approved Bitcoin Exchange Traded Funds (ETFs). According to CNBC, at the Consensus Invest Conference in New York City recently, Clayton said: What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of...

‘BitLicense’ Regulator Approves Two USD-Pegged Cryptocurrency Tokens

NYDFS bitlicense cryptocurrency

One of the strictest cryptocurrency regulatory regimes in the United States has approved proposals from two companies under its oversight to issue cryptocurrency tokens whose values are pegged to the U.S. dollar. NYDFS Approves Two Stablecoins In a statement published Monday, the New York Department of Financial Services (NYDFS), creator of the “BitLicense” framework for cryptocurrency companies...

Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First

Wall Street dow jones us stock market

Bitcoin took a significant step toward becoming a mainstream financial instrument this week, as two institutional investors completed the first-ever exchange for physical (EFP) transaction involving bitcoin futures. The CME EFP Bitcoin transaction, facilitated by E D & F Man Capital Markets, a registered futures commission merchant, and itBit, an institutional-grade cryptocurrency exchange...

BitLicense Charter Recipient itBit Will Become First New York Exchange to List Stellar (XLM)

stellar

Institutional cryptocurrency exchange and BitLicense charter recipient itBit has announced that it has received approval from the New York Department of Financial Services (NYDFS) to list four new cryptocurrencies: ethereum (ETH), bitcoin cash (BCH), litecoin (LTC), and stellar (XLM). ItBit, which says it operates the second-largest US bitcoin trading platform by total volume, announced on...

Hyperledger Blockchain Project Sees 10 New Members including Blockstream & Bloq

Hyperledger Blockchain

The open-source Hyperledger Project led by the Linux Foundation sees 10 new members joining the initiative. The blockchain endeavor also sees the filling of key leadership positions in a recent announcement. In a recent announcement, the Hyperledger Project revealed 10 new companies that joined the blockchain endeavor. The companies include a number of bitcoin- and blockchain-centric startups...

Gemini’s Winklevoss: ‘Institutionalization’ Of Bitcoin Trading Has Begun

winklevoss bitcoin

Bitcoin posted its most stable year in 2015. Does the emergence of regulated bitcoin exchanges have something to do with it? Cameron Winklevoss, president and co-founder of Gemini, thinks it does.   As an officer for a regulated exchange, Winklevoss is not an unbiased observer. Nonetheless, Finance Magnate deemed his input relevant in exploring what impact regulated exchanges are having on...

New York Exchange itBit Wins 10,000 BTC in Silk Road Auction  

New York exchange itBit has revealed it successful bit for and won five auction blocks during last week’s bitcoin auction conducted by the United States Marshals Service (USMS). The U.S. government held its final auction of seized bitcoins from Darknet drug market Silk Road on Thursday, last week in an event that saw the sale of 44,341 BTC. With a total of 21 blocks, 20 auction blocks contained...

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