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While everyone is looking for an indication that institutional money is about to flood into bitcoin and revive the market, we just got another conformation that crypto has indeed entered the big leagues. Companies in the industry are now putting former regulators on their payroll, as is common for Wall Street mega banks, government-supported telecom … Read more
Square receives NYC BitLicense, New York Cash App users now able to buy and sell Bitcoin Go to Source Powered by WPeMatico
The company Square announced on Monday the firm has been granted the Bitlicense from the New York Department of Financial Services (DFS). The firm and its ‘Cash App’ are now legally allowed to operate and utilize cryptocurrency solutions in the state of New York. Also Read: Cryptocurrency Brokerage Service Genesis Global Granted Bitlicense Square Has Obtained … Read more
Regulated cryptocurrency exchange Itbit announced today that it has received approval from the New York State Department of Financial Services to add more cryptocurrencies to its product offerings. The company will begin offering custody, escrow, OTC trading, and exchange services for BCH, ETH, LTC, and XLM, in addition to its existing BTC offerings. Also read: Yahoo! … Read more
There might be relief on the horizon for cryptocurrency startups in New York, including for those looking to move back into the state lines Go to Source Powered by WPeMatico
Investigations are all about the crypto ecosystem, but a recent report regarding a US Department of Justice price manipulation crackdown was widely said to be the cause of market caps falling, and by a lot. Fundstrat, the ecosystem’s favorite financial professional crypto bull, is on record as welcoming government regulation, what it calls “adult supervision.” … Read more
The BitLicense has been an interesting development in the world of cryptocurrency. In fact, it has been subject to so much controversy and debate, one would almost forget companies are actively pursuing this license these days. Genesis Global Trading is the most recent firm to have been granted a BitLicense, which means it can officially … Read more
On May 17 the Digital Currency Group initiative and Over-the-Counter (OTC) cryptocurrency service, Genesis Global Trading, announced that Genesis was recently granted the New York state Bitlicense. The company that provides OTC solutions to institutional buyers can now operate freely in New York — A territory that many call, ‘the financial capital of the world,’ … Read more
Genesis Global Trading receives the fifth-ever BitLicense, can operate in New York with Bitcoin, Ethereum, and a variety of altcoins Go to Source Powered by WPeMatico
At press time, bitcoin is trading for roughly $8,800. This is a $200 jump from where it stood just 24 hours ago, and investors are receiving a glimmer of hope for the future. The price bump suggests that bitcoin’s power is continuing to grow stronger, and despite a few ups and downs this week, the … Read more
