Category: Digital Assets
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IDEG Reports Launch of New Bitcoin Trusts in Asia With Coinbase as Custodian
According to a recent press release from IDEG Investment Limited, “Asia’s First Bitcoin Trusts” have been launched “as a traditional and comfortable way for ‘old money’ to invest in digital assets.” The two trusts, Asia Bitcoin Trust I and Atlas Mining Trust I, reportedly allow for investors to gain wrapped exposure to bitcoin and to…
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CBD Coffee Company Leverages Censorship-Resistant Nature of Crypto
On December 8, the U.S.-based coffee firm that uses cannabidiol (CBD) in its product, Crazy Calm, launched a promotion that aims to send $5 per order to the charity EatBCH. The founder of Crazy Calm, Matt Aaron, also detailed that the startup wanted to leverage the payment processor Shopify but the company closed their account…
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New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Also read: Crypto Startups to Get up to…
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EU Finance Ministers Place Defacto Ban on Libra
Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges and risks.” Also Read: Libra Testnet Fails to Impress as New Legislation Looms Lawmakers Still…
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Monarch Wallet Becomes First Live Decentralized Mobile Recurring Payments App
[et_pb_section fb_built=”1″ _builder_version=”3.26.1″ custom_padding=”3px|||||”][et_pb_row _builder_version=”3.26.1″][et_pb_column type=”4_4″ _builder_version=”3.26.1″][et_pb_image src=”https://amazingcrypto.com/wp-content/uploads/2019/11/MonarchAdBanner1104.jpeg” _builder_version=”3.26.1″][/et_pb_image][et_pb_text _builder_version=”3.26.1″ header_font=”Montserrat||||||||” custom_margin=”0px||||false|false” custom_padding=”15px||||false|false”] Monarch Wallet Becomes First Live Decentralized Mobile Recurring Payments App [/et_pb_text][et_pb_text _builder_version=”3.26.1″ header_2_font=”Montserrat||||||||”] High fees and chargebacks are a thing of the past! Monarch Wallet now allows businesses, creators and others to easily accept cryptocurrencies on custom or recurring bases while reducing…
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Maker’s Stability Fee Drops to 5.5% After Multi-Collateral Dai Announcement
According to the CEO of the Maker Foundation, Rune Christensen, Multi-Collateral Dai (MCD) will launch on November 18. On October 28, Maker’s stability fee was reduced by a ‘whale’ with roughly 94% of the voting power. Also Read: French Ministry of Education Publishes Bitcoin Resource Guide for Educators Maker’s Multi-Collateral Dai Will Launch November 18…
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Trusted Friends Can Become Crypto Custodians With the Vault12 Platform
A firm called Vault12 launched its new passkey security solution for cryptocurrency assets. Vault12 is an application that allows people to enlist their trusted friends and family members to help safeguard their assets. According to the project’s creators, the new application leverages the cryptographic algorithm Shamir’s Secret Sharing which allows keys to be split in…
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Mining Giant Bitmain Confidentially Files for U.S.-Based IPO
According to reports, bitcoin mining manufacturer Bitmain Technologies confidentially filed for a U.S.-based initial public offering (IPO) with the Securities and Exchange Commission. The news follows the alleged removal of cofounder and executive director Micree Zhan and the recent announcement of a facility in Texas with the capacity to house 300MW of hashpower. Also read:…