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“# British fintech firm opening physical crypto bank branches in India ” According to an Oct. 26 announcement from Cashaa, the fintech firm will be partnering with India’s United Multistate Credit Cooperative Society to build a crypto-friendly financial institution called UNICAS. This new venture will reportedly include 34 “physical branches and operations” in northern India,…
“# Whale alert — crypto user moves $1.1B in Bitcoin ” With Bitcoin’s price continuing to hold close to $13,000, one anonymous trader decided now was the time to move more than $1 billion of the digital asset. According to on-chain data, a Bitcoin (BTC) trader moved more than 88,857 BTC — worth roughly $1.14 billion…
“# Toyota’s IT arm works on digital token pilot with crypto exchange ” Toyota Systems, the IT arm of Toyota Motor Corporation, is collaborating with Japanese cryptocurrency exchange DeCurret to develop a branded Toyota digital currency, according to an official announcement on Oct. 26. The large-scale pilot will involve 2,500 employees at Toyota Systems. The…
“# PayPal de-platforms conservative domain registrar over ‘alternative currency’ ” PayPal has terminated its services to domain registrar Epik, allegedly due to a risk of money laundering through its “alternative currency” Masterbucks, according to an article on Mashable. However, in a series of open letters, Robert Davis, Epik’s senior vice president of strategy and communications…
“# Ripple CEO Brad Garlinghouse opposes Coinbase’s ‘no politics’ policy ” Brad Garlinghouse, the CEO of blockchain-based payments firm Ripple, disagrees with Coinbase’s new policy restricting its employees from engaging in political discussions at work. Coinbase CEO Brian Armstrong first announced the ‘apolitical’ policy in a blog post on Sep. 27. He encouraged Coinbase employees…
“# Corporate disclosure is the only way to get crypto institutionalized ” Some people predicted that crypto assets were going to be a fad that would quickly come and go. But in just a short time, we’ve seen crypto assets become the focus of new innovation. Cryptocurrencies have offered value exchange, the ability to generate…
“# Charles Hoskinson calls for a different kind of apoliticism than Brian Armstrong ” “My first thought was he must have been hacked”, said Hoskinson, reflecting on opening an email he received from David Barrett, the CEO of Expensify, urging him to vote for Joe Biden: Source: Twitter. Hoskinson later discovered that he was not…
“# Attack of the bots! Paxful fights off thousands of automated threats ” Paxful, a peer-to-peer cryptocurrency marketplace, has successfully defended against a number of serious threats, including 220,000 bot attacks and a variety of social engineering ploys — all in the span of two months. During the same time period, hackers managed to steal…
“# Binance VC arm leads $1.3M raise for decentralized streaming protocol ” Binance, the world’s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm. According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled streaming service that connects music…
“# Crypto P2P adoption in Middle East stymied by politics and tech ” Data published by Arcane Research suggests that despite demand for peer-to-peer crypto trading platforms in the middle east, regulations and lack of infrastructure is slowing down adoption. But undocumented migrants in western countries have been making use of these platforms to send…