Daily Cryptocurrency Bulletin For Monday, July 15, 2019

July 15, 2019 1:26 pm Published by

General News

Bitpoint, the Japan-based cryptocurrency exchange, has discovered another $2.3 million is missing following their $30-million hack last week.

Prasos Ltd, a Finland-based firm offering cryptocurrency brokerage and exchange services, has been granted a Payment Institution License (PIL) in the EU – only the third crypto firm in Europe to receive the license. The PIL enables Prasos to offer additional fiat currency payment services for users of its Finnish Coinmotion exchange platform and will further allow it to offer fiat payment services in other European Economic Area countries.

trueDigital Holdings has announced plans to offer Bitcoin derivatives for U.S. investors after reaching an “agreement in principle” to acquire designated contract market (DCM) and swaps execution facility (SEF) registrations with the U.S. CFTC from a firm called trueEX. trueDigital’s bitcoin physically deliverable swaps “have been self-certified with the CFTC.”

U.S. lawmakers are discussing a bill that seeks to prevent large technology institutions in the country from issuing cryptocurrencies. Under the section of “Prohibition related to cryptocurrencies,” the draft bill, called “Keep Big Tech Out of Finance Act,” clarifies any large tech firm with more than $25 billion in global annual revenue could fall into this category. Meanwhile, the IRS are considering subpoenaing major tech companies like Apple, Google and Microsoft in search of taxpayers’ unreported cryptocurrency holdings.

The U.K. government has drawn up an action plan to combat financial crimes including “action on cryptoassets.” The new Economic Crime Plan from H.M. Treasury and the Home Office includes £6.5 million in backing from Barclays, HSBC UK, Lloyds Banking Group, RBS and Santander UK. The plan will go “beyond international standards to create one of the most comprehensive global responses to the use of cryptoassets in illicit activity.”


Bitcoin $28.01 USD $10,318.57 USD (-4.48 percent) is trading just above $10,000 after a weekend of heavy losses – a crucial level to hold to maintain momentum in this bull rally. 

Binance $28.01 USD (-6.57 percent) has completed the eight quarterly “burn” of Binance coin (BNB) tokens. The amount worth $23.8 million helped BNB rise 5.95 percent upon the announcement but has since retracted. “Starting with this burn, Binance will relinquish the BNB tokens allocated to the Binance team and contribute this BNB towards our commitment to burning a total of 100 million BNB,” said the exchange. Meanwhile, Binance has locked inSeptember 12th as the last day US customers will be able to trade on Binance.com. Binance has partnered with BAM Trading Services, which will operate its new trading platform dedicated to the US market – Binance.US. No launch date has been set. BAM has hired Ripple’s former head of XRP institutional liquidity, Catherine Coley, as its CEO.

Pundi X $0.000621 USD (-7.46 percent) has announced it has integrated its crypto payments system into a device made by American point-of-sale (POS) systems producer VeriFone. VeriFone has more than 35 million devices in more than 150 countries. 

Ripple $0.313724 USD (-1.62 percent) client Santander is adding a new payment corridor to One Pay FX, the Ripple-powered digital banking app. The app now supports payments between the UK and Poland allowing customers to move as much as 10,000 euro per day between the countries with zero transaction fees. Santander executive chair Ana Botín claims Ripple’s technology is already powering half of Santander Group’s FX payments.

– WN.com, Jamie Saarloos

Have your say:

Your email address will not be published. Required fields are marked *