Cobbingham Digital Finance Co. Ltd., the parent company of the Cobinhood cryptocurrency exchange, has declared bankruptcy and liquidation. About this portal Cryptoslate. A temporary manager has been appointed to liquidate the company. The final results of the bankruptcy procedure will determine the fate of Cobinhood. Indirectly, this may also affect the company associated with the stock exchange Dexon Foundation. It is noteworthy that in April 2019, the Dexon Foundation attracted […]
Finance
Venezuelan authorities have ordered the termination of operations with payment systems Visa and MasterCard because of sanctions from the United States. This is stated in a joint statement by the Central Bank of the country and the Department for Supervision of the Banking Sector under the Ministry of Economy and Finance, signed on May 16. It is expected that operations on debit cards Visa and MasterCard will be stopped from November 30, 2019, […]
The largest social network Facebook has registered Libra Networks in Switzerland, Switzerland, Reuters reports. Thus, in the register of business entities of Geneva it is indicated that Libra Networks is registered on May 2 by the company Facebook Global Holdings. “Purpose: the provision of services in the field of finance and technology, as well as the development of infrastructure and software, in particular, related to investment activities, payment transactions, financing, […]
It has become even more difficult for cryptocurrency companies to obtain a license to operate in Estonia. It is reported by the Cointelegraph, citing a press release from the local consulting firm Eesti. Thus, in early May, the Estonian government adopted a draft law proposed by the Ministry of Finance on strengthening control over the issuance of licenses to cryptocurrency companies. According to the new rules, the application for permission to conduct activities will be processed from […]
The outflow of capital from cryptocurrency exchanges, including Bitfinex, BitMEX and Kraken, has exceeded inflows by $ 622 million over the past five days, reports Bloomberg, citing data from TokenAnalyst analyst. ? Great piece by @olgakharif using a keynote. #BTC https://t.co/IbVfykP5mI […]
Payment giant PayPal is still wary of cryptocurrencies, said John Rayne, the company's CFO, in an interview with Yahoo Finance. He noted that PayPal has already tested the ability for merchants to accept Bitcoins for payment. However, the company found that users preferred to convert cryptocurrency to Fiat as quickly as possible, probably due to volatility. At the same time, Rainey added that PayPal will continue to study […]
One of the largest Ethereum startups, ConsenSys, intends to restructure its venture business and create a single unit focused on managing portfolio projects and further investments. This is stated in a press release. For example, ConsenSys Ventures, ConsenSys Labs and Tachyon accelerator will be merged into a single enterprise for more effective coordination of work. It is noteworthy that amid the transformation, the founding partner […]
The leading rating agency Moody's has published a new report that discusses scenarios for the use of blockchain technology in securitizing financial assets, and describes the possible risks of such an approach. This writes CoinDesk. The authors of the report entitled “Blockchain increases operational efficiency for securitization under the conditions of new risks” also pay attention to the level of security of private blockchains. According to them, the mechanisms […]
American broker E-Trade intends to provide its customers with the opportunity to trade in cryptocurrencies, reports Bloomberg, citing informed sources. At first, Bitcoin and Ethereum will be available on the E-Trade platform, but later the company will add support for other cryptocurrencies. Additional details are not yet known. According to the publication, E-Trade can become one of the largest American companies providing the opportunity to trade in cryptoactive assets. The appearance of […]
The creator of Ethereum, Vitaly Buterin, published on GitHub a proposal on changing the reward scheme to validators after the transition to the second most capitalized cryptocurrency to the Proof-of-Stake consensus mechanism (PoS). According to the formula proposed by Buterin, if PoS-validators, for example, fix 1,000,000 ETH, then the annual yield will be 18.1%. The more assets are fixed for validation, the lower the interest rate. So, […]