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Regulation

Lack of Banking Options a Big Problem for Crypto Businesses

“Cryptocurrency companies shunned by banks often turn to shadowy middlemen for payment processing and other financial services. One of those companies is at the center of the mystery surrounding Bitfinex’s missing customer funds. Bitfinex, a cryptocurrency exchange that controls the popular digital currency known as tether, lost access to $850 million in customer funds after […]
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Systems

Flexa Will Let You Pay at Whole Foods Using Your Bitcoin

“A new payment network called Flexa is launching today that’ll let you spend cryptocurrencies in physical stores. The technology currently supports bitcoin, ether, bitcoin cash, and the gemini dollar, and it’ll work at retailers including GameStop, Nordstrom, Whole Foods, Caribou Coffee, Jamba Juice, and Crate and Barrel. The eventual goal for Flexa is to support […]
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Systems

Trading Cryptocurrencies With Abra’s New App Just Became Easier

“The developers of Abra, one of the world’s largest global investment apps, have announced the integration of various enhancements to their trading platform for cryptocurrencies. The enhancements will reportedly make it easier to conduct cryptocurrency transactions. According to Abra’s press release (shared with Crypto Insider), the Abra app will feature several new options for US-based […]
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Systems

Belfast to Introduce Digital Currency That Lets Residents Earn Rewards to Spend in Local Shops

“Belfast City Council has partnered with Israel-based Colu for the launch of Belfast Coin , a city-wide rewards and payment platform that enables participants to earn rewards for taking part in ‘good citizen’ activities such as shopping at local businesses, volunteering and recycling. Colu’s mobile payment app already operates in East London and in Liverpool […]
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Systems

Circle and Coinbase Open CENTRE Stablecoin Network to New Members

“Cryptocurrency firms Circle and Coinbase are a launching bold effort to make money as easy to move around the world as internet data and content. In a press release sent to CoinDesk on Thursday, Circle said that, since the initial launch of the CENTRE consortium’s US Dollar Coin (USDC) stablecoin, the two firms have been working to […]
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Systems

Report: Facebook Plans to Create Independent Foundation to Manage Its Cryptocurrency; Will Charge Members $10M Licensing Fees for Right to Operate Node – The Block

“Facebook is creating an independent foundation to govern its cryptocurrency, according to a report by The Information. The social media giant has reached out to dozens of financial institutions and tech companies who contribute capital to the foundation and help manage the cryptocurrency’s network. According to The Information’s sources, Facebook plans to license out the […]
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Systems

Facebook Plans to Launch Crypto-currency

“Facebook is finalising plans to launch its own crypto-currency next year. It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020. The social media giant wants to start testing its crypto-currency, which has been referred to internally as GlobalCoin, by the end of this […]
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