Bisq’s Lead Developer Makes Way for DAO to Take Over

The founder of decentralized crypto exchange Bisq has stepped away from all roles and activities, allowing the exchange’s DAO (decentralized autonomous organization) to oversee its operations.Manfred Karrer released the departure announcement on Bisq’s official site on May 16, 2019, claiming that the exchange is “entering a new phase” and that the DAO “is now the ...

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During Bullish April, Fiat-to-Crypto Exchanges Outperform Crypto-to-Crypto

In its April 2019 Exchange Review, released on May 20, 2019, London-based crypto data analysis firm CryptoCompare found that fiat-to-crypto exchanges performed much better than crypto-to-crypto platforms did over the last month, as cryptocurrency prices rose across the board.According to the report, fiat-to-crypto exchanges enjoyed an impressive 85 percent uptick in monthly trading volumes in April 2019. Bithumb, UPbit and ...

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Op Ed: A Summary of  NYAG vs. Bitfinex/Tether

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as ...

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Coinbase CEO Teases Launch of Debit Card in the U.S.

Coinbase CEO Brian Armstrong has announced that the company is working on introducing its debit card to customers in the U.S.Armstrong’s announcement came in a live AMA session on YouTube on May 16, 2019, during which he fielded questions and touched on various topics such as community trust ratings for altcoins and fraud prevention. While he did confirm that the ...

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Smell Something Fishy? The CFTC Will Pay You to Report Crypto Scams

Nestled in the exhibition room at this year’s Consensus conference, the U.S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know.“The Whistleblower Office of the Commodity ...

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Minnesota Representative to Reintroduce Hard Fork Tax Reform Bill

Minnesota Congressional Representative Tom Emmer has announced plans to reintroduce a bill meant to “provide temporary safe harbor for the tax treatment of hard forks of convertible virtual currency in the absence of administrative guidance.”Representative Emmer participated in a panel on the relationship between government and the crypto industry at Consensus 2019 on May 13, 2019, wherein he first announced ...

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Blockstream Releases First Enterprise-Grade Product on Liquid

Security tokens are coming to Bitcoin, courtesy of Blockstream.The Bitcoin and blockchain technology company announced on May 15, 2019, the final day of the Consensus 2019 conference, that Liquid Securities, a platform for issuing and managing security tokens on its Liquid sidechain, is ready to go live. This platform will provide Liquid and its users with its first product to ...

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Tether and Bitfinex Ask New York Attorney General for Fund Accessibility

Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG).In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions ...

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BitGo Announces New Settlement System for Institutional Clients

Blockchain security company BitGo is launching a new service for institutional clients: a clearing and settlements system that operates off-chain.BitGo announced this new service in a press release on May 14, 2019, describing some of the features that this new system will have. Assets “never need to leave custody,” according to the announcement, and “counterparty risk is minimized” with BitGo ...

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Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust

The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run.According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018. The company revealed that its Bitcoin Investment ...

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