Crypto Companies Establish Presence, Hire Talent in Ireland

With a friendly attitude towards financial innovation, the Republic of Ireland has become a desired destination for fintech businesses that need unimpeded access to the common European market.

Investing In Bitcoin Mining Businesses Is Also A Sign Of Institutional Acceptance

Last quarter, the New Jersey Pension Fund invested heavily in two Bitcoin mining giants.

El Salvadorians take to the streets to protest Bitcoin law

Those who marched against Bitcoin this week claimed the cryptocurrency was too volatile and would allow businesses to "launder ill-gotten money." Protesters calling themselves the Popular Resistance and Rebellion Block have come out against El Salvador’s government passing a law making Bitcoin legal tender.A Tuesday tweet from local news outlet El Mundo shows El Salvadorians carrying banners saying “no to Bitcoin” in the streets of San Salvador demanding a repeal of the country's Bitcoin law.

Enjin plans to use NFTs to promote sustainability and equality as member of UN pact

The company previously said it planned to enable carbon-neutral NFTs by 2030, and claimed its JumpNet blockchain is already carbon-negative. The United Nations Global Compact, a non-binding pact aimed at encouraging businesses to adopt sustainable and socially responsible policies, has accepted nonfungible token and blockchain gaming and platform Enjin as a participant.Enjin announced today it would be exploring ways to use nonfungible tokens, or NFTs, to promote sustainability and equality as part of the UN pact.

Mastercard’s latest partnership to help banks distribute crypto cards

The partnership is aimed toward simplifying cryptocurrency-to-fiat conversions within Mastercard's existing payment network. American fintech giant Mastercard has announced plans to revamp its crypto card program, to enable traditional banks and crypto companies to offer cards to its users for transacting with digital assets.According to the official statement:“Mastercard and its partners will test this new capability to enable more banks and crypto companies to offer a card option to people wanting to spend their digital assets anywhere Mastercard is accepted.”This effort involves Mastercard partnering with crypto businesses to involve “cryptocurrency wallets and exchanges, making it simpler for partners to convert cryptocurrency to traditional fiat currency.” To allow exposure to cryptocurrency for its users, the New York-based financial institution has publicly announced fresh partnerships with Circle, Paxos, Evolve Bank & Trust, Metropolitan Commercial Bank, Uphold, BitPay, Apto Payments, i2c Inc. and

Majority of institutional investors ready to buy digital assets, study says

A new study found that institutional investors’ appetite for digital assets, including cryptocurrencies, is growing. New data shows that institutional investors’ interest in cryptocurrencies and crypto-related businesses is continuing to grow. Fidelity Digital Assets, the crypto arm of the global asset management giant Fidelity Investments Inc, tasked Coalition Greenwich to survey 1,100 institutional investors to understand their expectations regarding digital asset investments.

Turkey’s crypto bill ready for parliament, says Deputy Minister of Finance

The legal draft places a minimum capital requirement for crypto businesses operating in Turkey. The Turkish Ministry of Treasury and Finance announced that a draft bill to establish a legal framework for crypto assets in the country is ready. Deputy Minister Şakir Ercan Gül announced that the crypto bill would be proposed to The Grand National Assembly of Turkey (TBMM), the unicameral Turkish legislature, at the start of the next legislative year in October 2021.Noting that Turkey is using a free-floating exchange regime — i.e.

Binaryx Digital Assets Exchange Launches Crypto Services for Businesses

The European Binaryx digital assets exchange has launched a set of services aimed at businesses, allowing them to diversify their crypto assets portfolios and bypass the hurdles typically associated with purchase and sales operations, as well as direct digital asset safekeeping.

Here's why this 'won't impact Bitcoin, Ethereum' and other cryptos directly

As regulators around the world wake up to the crypto mania, an increasing number of entities associated with the space are facing hindrances to their businesses.

Forex Shortages Force Nigerian Corporates to Turn to Parallel Market

Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a former official with the Lagos Chamber of Commerce and Industry (LCCI) has said.

These numbers prove that 'there’s no stopping' Bitcoin here

After the Central Bank of Nigeria [CBN] directed the financial institutions from restricting services for businesses involved in cryptocurrencies, users turned to the peer-to-peer mode of transfers.

South Korea: Here's the dilemma exchanges are facing

Although the government tried to regulate the space, new rules have added to the woes of the crypto businesses in South Korea.

Eight major benefits of Salesforce Blockchain with a real life example

How real-life benefits from the SalesForce blockchain that will help businesses achieve better outcomes from their CRM data? This article got more details.

Japan calls for regulations on DeFi's 'benefits and opportunities'

Decentralized finance has been turning heads for a while now, taking away businesses from centralized financial institutions and disempowering traditional middlemen.

Operator of Stablecoin With 3,400% Circulation Growth in 2021 To Go Public – Here’s When

The creator of a widely-used stablecoin is planning on going public after seeing massive 3,400% growth in coin circulation.  Circle is a global financial technology firm that provides payments and treasury infrastructure for internet businesses.

Can the SEC go after Cardano or Polkadot next?

Regulatory concerns have been looming over cryptocurrencies and related businesses all around the world.

Circle reveals plans to go public with $4.5B valuation

Circle, the global financial technology firm that provides payments and treasury infrastructure for digital businesses, is in the news today after it announced its intentions of going public.

India may see the crypto bill discussion in Monsoon session of Parliament

Indian crypto businesses may find some relief in the news that the cabinet note for the crypto bill is 'ready'.

Indian Crypto exchanges: Getting to the bottom of 'the problem the industry is facing'

Indian crypto businesses have been struggling with unclear regulations and now, exchanges are seeking secure, viable, permanent payment solutions.

13 more crypto firms withdraw licensing applications in the UK

Local and international crypto businesses in the United Kingdom seem unable to meet stringent demands set by financial regulators. The United Kingdom Financial Conduct Authority’s (FCA) crypto licensing regime is reportedly proving arduous for cryptocurrency businesses looking to operate in the country.According to a Reuters report on Tuesday, the number of withdrawn licensing applications from crypto businesses increased by over 25% in June.Indeed, Cointelegraph reported near the beginning of the month that 51 crypto firms had withdrawn earlier submitted filings for registration with the FCA.

Hydropower Plants in China Put on Sale Offering Secret Bitcoin Mining: Report

Amid the crackdown on BTC mining, owners of hydropower plants in China are selling their businesses and offering 'secret' mining.

Crypto businesses struggling to fill job openings amid industry expansion

Crypto firms pursuing global expansion agendas are having to compete to attract the limited number of top talent to fill job positions. The skills shortage among crypto’s specialized workforce is causing significant competition among businesses to secure the right talent for their organizations.According to Bloomberg, crypto firms are finding it somewhat difficult to find the right candidates to fill job openings as these firms look to expand their operations across the globe.The competition for skilled and experienced candidates is not alone among crypto-natives but also with legacy financial institutions that are establishing cryptocurrency-focused departments.Even the broader fintech and technology services industry are also entering crypto, contributing to even greater competition for the limited workforce available.

London Stock Exchange-listed firm inks FCA’s approval for crypto services

Mode’s crypto arm Fibermode is now an official crypto asset firm in the United Kingdom, pursuant to FCA’s amended AML regulations. Mode Global Holdings, a London Stock Exchange-listed fintech group, has secured major regulatory approvals for cryptocurrency and fintech operations in the United Kingdom.The company announced Thursday that Mode has secured its Electronic Money Institution license and AMLD5 registration from the UK Financial Conduct Authority.The AMLD5 registration has been granted to Mode’s crypto arm Fibermode Limited, establishing it as an official crypto asset firm in the United Kingdom, pursuant to the amended regulations on money laundering, terrorist financing and transfer of funds.The AMLD5 registration is a requirement for crypto-related businesses in the country that fall within the scope of money laundering regulations.

How CoinsPaid is Connecting Businesses With DeFi

The text below is an advertorial article that was not written by Cryptonews.com journalists. If you haven’t heard about them yet, CoinsPaid has been successfully developing crypto payments solutions for the B2B sector since 2014.

Zebpay will join organization proposing regulatory framework for crypto in India

“Crypto exchanges want to be part of IndiaTech because we have moved the needle in the past few months on the narrative and perception of this industry," said Rameesh Kailasam. Cryptocurrency exchange Zebpay and others doing business in India will reportedly be joining IndiaTech, an association aimed at providing regulatory clarity for crypto in the country.According to a Monday report from The Economic Times, executives from some of India’s crypto exchanges said their businesses are considering joining IndiaTech in an effort to pressure the government to regulate crypto, with Zebpay confirming it would be doing so.

Is DeFi technology easy enough to adapt to non-finance industries?

DeFi gets a bad rap for being complex, technology makes it simple enough to cut out middlemen in non-finance industries ranging from energy to e-commerce. Decentralized finance is far and away the hottest topic in crypto, touted as a way to make a fortune by backing the right token, but also a tool for taking the crypto you were hodling in a cold wallet and set it to work earning interest at extraordinary rates.There’s a reason DeFi has grown so large so quickly that it has slowed the Ethereum blockchain where most of the projects live to a crawl, and sent gas prices for transactions soaring to $10, $50, even $100 at times.DeFi is mostly talked about in terms of taking over the banking and brokerage functions that big finance thrives on, but the technology can be used to revolutionize many other businesses, from energy to e-commerce.That reason is simple: At its core, decentralized finance is about eliminating the middleman.Why give a bank your money — for a paltry fraction of 1% interest — for it to loan out, when you can loan it out for orders of magnitude more through a crypto lending site?Or invest it in a liquidity pool that uses an automated market maker to create a shared pot of tokens that cryptocurrency traders can sell to or buy from, rather than waiting to find a trader who wants to buy what they’re selling at the price they want.

Pensioners Pay Scottish Roofing Company in Cryptocurrency

With bitcoin’s popularity rising, a growing number of businesses in Scotland have been introducing cryptocurrency payments.

Become a part of decentralized VC with BullPerks

Venture Capital (VC) endeavors have been a boon to startups, projects, and small businesses all over the world, it presents a beneficial investment opportunity although the field itself has been nicheThe post Become a part of decentralized VC with BullPerks appeared first on AMBCrypto.

Coinbase partners with 401(k) provider ForUsAll for crypto retirement plans

ForUsAll, a retirement investment platform for small businesses, announced the introduction of the Alt 401(k).

Gold-backed digital tokens to hit Turkish market following new partnership

The partnership enables investors to purchase grams of accredited gold as ERC-20 tokens. Gold wholesalers are starting to find new ways to expand their businesses to retail, thanks to blockchain-based tokenization.

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

On Monday, the San Francisco-based retirement plan provider for small to medium-sized businesses, Forusall, announced the launch of an alternative 401(k) plan that offers in-plan cryptocurrency access.

US senator: we haven’t figured out how to trace cryptocurrency... Why is this an issue?

The cryptocurrency businesses and holders in United States have been urging regulators to put guidelines in place, however, the lack of clarity still prevails.

Google Just Announced New Terms for Crypto Businesses – This Is What They Must Do Starting Next Month

Online tech giant Google is lifting a nearly three-year-old ban on advertisements for crypto-related products.

BTSE Open Up Digital Art World With NFT Marketplace White Label Solution

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The NFT craze that has swept the globe, shows no signs of slowing, and now one of the leading digital exchanges has made NFT marketplaces available as a white label solution, to those people or businesses that would like to run their own NFT marketplace.

51 crypto firms withdraw licensing applications in the UK

The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business. Strict Anti-Money Laundering laws in the United Kingdom appear to be constituting a major operational hurdle for crypto firms in the country.According to the UK Financial Conduct Authority (FCA), several crypto businesses in the country might be preparing for an exit.In a release issued on Thursday, the regulatory agency revealed:“A significantly high number of businesses are not meeting the required standards under the Money Laundering Regulations.

FCA Warns Crypto Businesses Fail to Meet UK’s Money Laundering Regulations Standard

The UK’s Financial Conduct Authority has disclosed that many crypto firms are withdrawing their applications to register with the agency.

UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules

Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the UK’s Financial Conduct Authority revealed.

UK FCA buys another 9 months to review crypto companies’ registrations

The Temporary Registrations Regime's end date for crypto companies has been pushed to March 2022. The United Kingdom’s Financial Conduct Authority (FCA) has extended the end date of crypto-asset companies’ temporary registration from July 2021 to March 2022.The Temporary Registrations Regime, or TRR, was established last year to enable crypto businesses to continue trading while their registrations were still being assessed by the FCA.

Small businesses can now invest in Crypto using the Banq app

Today, Las Vegas-based payment app Banq, launched the ability to invest in Bitcoin and Ethereum from multiple accounts under one platform.

Small Businesses Can Now Invest in Crypto Using the Banq App

[PRESS RELEASE – Please Read Disclaimer] Today, Las Vegas-based payment app banq, launched the ability to invest in Bitcoin and Ethereum from multiple accounts under one platform.

Small Businesses Can Now Invest in Crypto Using the Banq App

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Today, Las Vegas-based payment app banq, launched the ability to invest in Bitcoin and Ethereum from multiple accounts under one platform.

Andreessen Horowitz Discusses Raising Third Crypto Fund to $2 Billion, Sources Say

In May 2020, back when the crypto economy was still tumultuous from the coronavirus outbreak fears and gloomy global financial outlook, in general, the private venture capital firm Andreessen Horowitz (a16z) revealed the 500 million-dollar “Crypto Fund II.” A report published on May 27 by the tech writer Eric Newcomer indicates that Andreessen Horowitz is […]

Crypto firms not meeting AML standards, says UK minister

Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year.

American convenience store chain now accepts Bitcoin payments

Mid-Atlantic convenience store giant Sheetz is set to accept Bitcoin and crypto payments across its outlets. Retail crypto payment acceptance in the United States continues to grow as Sheetz announces plans to allow the use of virtual currencies in its outlets across America.In a release issued on Thursday, the convenience store chain announced its partnership with digital payments provider Flexa to enable customers to pay for products and services with cryptocurrencies.As part of the announcement, Sheetz revealed that the crypto payment option was for both in-store items and gas pumps at their over 600 outlets across Pennsylvania, Ohio, Maryland, Virginia, North Carolina and West Virginia.Cryptos that will be accepted by convenience store chain include Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Dogecoin (DOGE) among others.The company’s crypto payment adoption move is also an extension of its business relationship with point-of-sale payment provider NCR.Apart from enabling Bitcoin and crypto payment, Sheetz also plans to allow customers to link their Flexa-enabled payment apps with the company’s loyalty reward program.Indeed, crypto is seeing significant adoption in the rebates and loyalty rewards arena with digital currencies being seen as being viable for rewarding patrons.The Sheetz announcement now adds convenience stores to the growing list of businesses accepting crypto payments in the United States.

Hope for South Korean Crypto Exchanges as Bank Keen on Contract Renewal

There may be a glimmer of hope at last for the South Korean crypto exchanges fearing for their future, with the neobank K-Bank reportedly set to renew its contract with the market-leading trading platform Upbit – just days after three major commercial banks ruled out the prospect of doing businesses with exchanges. Trading platforms have been left to fear for their

Biden’s Tax Plan Requires Crypto Transfers Over $10K to Be Reported to IRS

Businesses must treat crypto like cash when it comes to reporting requirements for large transactions, according to the new proposal.

BlockFi mistakenly credits users with too much Bitcoin in promo payout

Just under 100 BlockFi users are reported to be affected, with some allegedly receiving as many as 700 Bitcoin due to a mishandled promotional offer. Crypto promotional schemes are old hat in the industry, with many businesses trying to secure customer loyalty through a range of perks and mini handouts.For BlockFi, however, its latest promotional offer has gone topsy turvy, after the platform mistakenly paid out oversized rewards in Bitcoin (BTC).

COVID Forces Chinese Internet Cafes to Turn into Crypto Mining Hubs

Chinese internet cafe owners are turning their businesses into crypto mining centers as social distancing measures continue to bite in the Middle Kingdom. According to The Time Weekly, via Sina, a huge number of the 24-hour internet cafes, created primarily for PC gamers, closed down in 2020 – when the coronavirus pandemic forced businesses to shut their doors.

Spanish stock exchange ready to test blockchain-based SME financing system

The Spanish stock exchange is moving forward with further tests of its planned blockchain-based system to finance small- and medium-scale enterprises. Spanish stock exchange Bolsas y Mercados Españoles, or BME is set to test its blockchain infrastructure for small- and medium-sized enterprise financing following a successful pilot run back in 2020.According to Finextra on Friday, this next set of trials by the BME will involve businesses that are part of the country’s SME financing ecosystem under the aegis of a regulatory sandbox created by Spain’s Ministry of Economic Affairs and Digital Transformation.As previously reported by Cointelegraph, this sandbox is seen as an important step in promoting greater fintech development in Spain with a focus on improving greater competition while reducing entry barriers for participants.The aforementioned pilot phase that occurred back in 2020 drew participation from investment servicing companies and business credit providers.As part of the second round of tests, the BME will likely be looking to examine the suitability of the Ethereum-based system in raising capital for limited liability companies outside the usual traditional bank financing route.Indeed, the BME’s blockchain platform aims to facilitate SME financing digital assets that represent funding avenues like convertible notes and participatory loans.The project marks a further extension of the BME’s digitization policy in recent times.

India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report

India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders.

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens.

InvestHK Reveals Details of Virtual StartmeupHK Festival 2021

Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong.

Spain to Share Data of Users From Domestic Crypto Businesses With European Union Countries

The Spanish government doesn’t stop imposing its tough stance on cryptocurrencies, as another rule comes to strengthen the existing ones.

What does IOHK's Cardano strategy across Africa seek to accomplish?

IOHK's "Africa strategy" aims to foster Cardano adoption in Africa for everyday people and businesses.

Ransomware task force calls for aggressive Bitcoin transaction tracing measures

The task force has proposed new rules that would facilitate aggressive cryptocurrency tracing and tighter licensing requirements for businesses handling digital assets. Government and industry have teamed up to fight a major increase in ransomware, with a newly formed ransomware task force calling for new measures to more aggressively trace Bitcoin and crypto capital flows. The task force includes law enforcement including FBI and US Secret Service agents working alongside representatives of leading security and tech firms. According to an April 29 report from Reuters citing anonymous sources from the Department of Justice’s task force, the group is calling for new guidelines designed to cut through the anonymity of digital asset transfers that will soon be reviewed by Congress. The proposed measures includes tightened KYC requirements for crypto asset exchanges, expanded licensing requirements for entities operating with cryptocurrencies, and extending anti-money laundering laws to better canvas the operations of crypto conversion kiosks and ATMs. The group is also supporting the Financial Crimes Enforcement Network’s push to increase the reporting requirements for transactions valued at more than $10,000. One Homeland Security official said the proposed guidelines would also be “huge” for law enforcement efforts to comb narcotics traffickers, human smugglers, and other actors engaging in illicit activities under the cover of crypto-pseudonymity. “This is a world that was created exactly to be anonymous, but at some point, you have to give up something to make sure everyone’s safe,” he said. The proposed rules seek to respond to a record year for ransomware attacks, with the task force estimating ransomware syndicates collected close to $350 million during 2020 — up 200% from the previous year.

How Blockchain Businesses And Crypto Companies Can Reduce Cyberthreats

Bitcoin and Ethereum are booming, altcoins are surging, and other crypto categories like DeFi and NFTs have taken off like never before.

Possible Bitcoin treasury adoption as more companies cite inflation concerns

Bitcoin is likely a topic of conversation among the treasury department of many US companies amid rising inflation. No fewer than 47 companies have cited the term “inflation” in their earnings calls for Q1 2021. According to a report by financial market data provider FactSet on Monday, the figure represents the highest number of companies to do so in the last decade. Earlier in April, the United States Bureau of Labor Statistics released its “Producer Price Index” report showing a 4.2% year-on-year increase in PPI, the highest since September 2011. While Federal Reserve chairman Jerome Powell continues to argue that current inflation and consumer price index numbers are only temporary, there is a counter-argument that businesses will move to transfer the burden of greater production costs to their consumers. Meanwhile, companies may also be seeking ways to protect their cash reserves from US dollar debasement following the nearly $6 trillion in stimulus money poured into the US economy over the course of the ongoing coronavirus pandemic. Back in August 2020, business intelligence outfit MicroStrategy made headlines when it announced its first Bitcoin (BTC) purchase.

US State of Louisiana Releases Bill Commending Bitcoin and Satoshi Nakamoto

The state of Louisana has praised Bitcoin for its success through the years, outlining how BTC has become an important tool for citizens and businesses.

Report: Banking Giant Natwest to Refuse Service to Businesses That Accept Cryptocurrencies

The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments.

UK Bank to Cease Serving Customers Dealing With Cryptocurrencies

While US-based banks rush to enable their institutional customers to receive BTC exposure, a UK banking institution will stop servicing all crypto-related businesses.

UK Bank NatWest Bars Businesses That Accept Crypto

The bank's head of risk pointed to warnings by the UK Financial Conduct Authority.

What’s Preventing Crypto Payments from Entering the Mainstream?

Pavel Matveev is the Co-founder and CEO of Wirex, a blockchain-based payments platform. _______ In the past few years, interest in crypto has increased dramatically as businesses and individuals begin to recognize the benefits that blockchain technology can offer.

XRP, Ripple Lawsuit effect: Understanding SEC's mission with crypto markets

With the SEC adopting a theoretical approach of inducing general fear and making businesses think that they’re the next ones to be prosecuted, entities try their best to comply with the regulations The post XRP, Ripple Lawsuit effect: Understanding SEC's mission with crypto markets appeared first on AMBCrypto.

SEC's 'Crypto Mom' Updates Token Safe Harbor Proposal on GitHub

Hester Peirce. Source: a video screenshot, Youtube, Blockland Solutions Hester Peirce, Commissioner of the US Securities and Exchange Commission (SEC), updated her token safe harbor proposal which aims to enable crypto businesses to offer tokens under initial coin offerings (ICOs) in compliance with the regulator’s rules. The new version, which was made available on GitHub, a code hosting

Enterprise blockchain solutions rally as businesses get hip to crypto

XRP, Stellar and XinFin see tremendous growth as enterprise solutions that offer cross-border solutions and serve the unbanked gain traction. The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading cards make headlines on a almost daily basis.  As more companies and organizations explore what the integration of blockchain technology can do for them, tokens that offer enterprise solutions and provide simple ways for interested parties to explore and use distributed ledger technology have seen triple-digit gains in 2021.

Romanian university plans to accept crypto payments for admission fees

The academic institution with a student body of roughly 11,000 said the addition of crypto payments was part of a plan to support local businesses like Elrond. A public university in the Romanian city of Sibiu in Transylvania has said it will allow students to pay for their admission fees in crypto. According to an announcement from Lucian Blaga University of Sibiu, or LBUS, on Wednesday, the institution plans to implement crypto payment methods for its more than 11,000 students starting in July.

11% Of Business In Spain Use Blockchain Technology, Report

A recent study by business consulting firm IDC Spain found that businesses are using the blockchain more than ever in the country.

Cardano update: the importance of long-awaited Alonzo hardfork for entrepreneurs

The Input Output HK team today detailed how the implementation of the latest Cardano hard fork, Alonzo, will make for an advanced network for businesses and developers alongside a new added support fo The post Cardano update: the importance of long-awaited Alonzo hardfork for entrepreneurs appeared first on AMBCrypto.

Number Of Bitcoin Mentions In Company Earnings Reports Goes Parabolic

Among the many reasons for the ongoing bull run in Bitcoin, has been the emergence of corporations and businesses adding BTC to their company treasury reserves.

Bitstamp crypto exchange hires former Barclays exec as new COO

Sameer Dubey is a 10-year veteran of Barclays and former head of operations for N26. UK-based crypto exchange Bitstamp has hired a former director of financial services company Barclays’ payments team as its chief operating officer. In an announcement today, Bistamp said it would be appointing Sameer Dubey to the executive position as part of its effort to scale across the firm’s businesses.

Employment Search Websites Show a Vast Amount of Jobs in the Bitcoin and Blockchain Industry

As the crypto economy has swelled to close to $2 trillion in value globally, the businesses and operations behind it continue to expand.

Bankera introduces SEPA instant payments for crypto-businesses

Bankera, a fintech-focused on serving blockchain businesses, recently announced support of the SEPA Instant payments.

UK's FCA issues policy statement requiring crypto-businesses to submit REP-CRIMs

Bitcoin and the rest of the crypto-market have noted a startling rise on the price charts over the past year, with the scale of its gains capturing the attention of public and institutional investors The post UK's FCA issues policy statement requiring crypto-businesses to submit REP-CRIMs appeared first on AMBCrypto.

UK crypto firms must now submit yearly financial crimes reports

Financial crimes reporting obligations are irrespective of a crypto firm’s total annual revenue. The United Kingdom's Financial Conduct Authority has included cryptoasset businesses under the financial crimes reporting umbrella eight months after initially announcing plans to do so. The FCA made this known via a policy statement issued on its website on Wednesday.

Bankera Introduces SEPA Instant Payments for Crypto Businesses

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Bankera, a fintech focused on serving blockchain businesses, recently announced support of the SEPA Instant payments.

Constellation Network’s $DAG and $LTX Tokens Launch at LCX Exchange

LCX will provide a legal framework package for additional L_0 tokens and businesses.

Canadian Regulators Issue Guidance Note for Crypto Derivatives Platforms

Canadian crypto trading platforms and money services businesses must take additional steps to comply with local legislation, said regulators.

Stratis’ InterFlux Protocol Adds Support for Ethereum, Hyperledger, DEXs & DeFi

PRESS RELEASE. Blockchain as a Service (BaaS) platform Stratis’ support to private and public blockchain solutions, Ethereum and Hyperledger, opens the ecosystem to mainstream adoption by businesses.

South Korea faces strict crypto regulation and fears of centralization

The growing cost of compliance in South Korea could push smaller crypto businesses out of the country.

Experts say new South Korean crypto rules will create a monopolized market

Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators' new requirements. South Korea is heading into a new period for its crypto industry, with stringent new rules coming into effect on March 25 that will require all cryptocurrency businesses to comply with new crypto reporting regulations and registration rules. As an article from the Korea Herald outlines, industry experts fear that the impact of the new measures — specifically, the incoming Specific Financial Transactions Act — will have damaging consequences for most domestic cryptocurrency firms.

Crypto Businesses Given the Green Light to Set Up in Dubai’s Free Zone

Following a memorandum of understanding (MoU) between the Dubai Multi-Commodities Centre (DMCC) Free Zone and the Securities and Commodities Authority (SCA), crypto businesses have been granted the liberty to operate in DMCC once registered licenses are granted.

Canadian Condo Company Invests in Bitcoin, Hopes to Become ‘Self-Sustaining Real Estate’

A few months ago a trend started where well known businesses like Microstrategy, Square, and Tesla started adding bitcoin to their company balance sheets.

Bitcoin Suisse to withdraw banking license application as Swiss regulator 'unlikely' to approve it

When it comes to Bitcoin-focused businesses and regulations, the Swiss government has often kept an open mind.

South Korea's Regulator Threatens Bitcoin Startups With Jail

New financial reporting rules for South Korea's crypto businesses come into force on March 25.

Report all crypto transactions or face 5-year jail term in South Korea

Strict reporting rules for crypto businesses in South Korea are set to come into effect with existing firms given six months to comply or face stiff penalties. South Korea’s cryptocurrency regulatory space is set to become even more tightly regulated with the incoming laws on financial reporting for crypto businesses in the country. According to Korea JoongAng Daily, South Korea’s Financial Services Commission has amended its financial reporting rules to include the cryptocurrency sector. This amendment mandates all crypto businesses — exchanges, asset managers, wallet providers, and custodial platforms — to file records of their transactions with the Financial Intelligence Unit. The FIU is an arm of the FSC responsible for Anti-Money Laundering oversight across South Korea’s financial ecosystem.

The Kessler Collection Jumps Into Crypto, 8 Luxury Hotels Now Accept Digital Currencies

During the last few months, a great number of businesses have been adding cryptocurrency support to their payment systems.

China: Weibo deactivates accounts of Huobi, OKEx, Binance

China has been coming down hard on crypto-related businesses across the board, especially with the launch of its digital yuan nearing.

Mindsync.ai is Creating Ecosystem for Leveraging Global Expertise in AI

[PRESS RELEASE – Please Read Disclaimer] UK-based AI platform, Mindsync, is creating a decentralized, community-driven ecosystem that allows global businesses to get their business tasks solved through AI technologies by a community of expert technologists from around the world.

Galaxy Digital's Bitcoin ETF to launch on TSX

The Bitcoin market has been a highly lucrative investment opportunity for many investors and the crypto businesses around the world are trying to capitalize on this interest.

PAID Network exploiter nets $3 million in infinite mint attack

After an attack at one point worth nearly $180 million, community members are left wondering if the exploit is a "rugpull" or a security lapse. Paid Network, a DeFi platform aimed at real-world businesses, has been exploited today in an “infinite mint” attack that has sent PAID token prices plunging upwards of 85%. While the exploit netted nearly $180 million in PAID tokens at the time of the attack — what would have comfortably been the largest exploit of a DeFi protocol — the hacker’s payday will end up being far less.

Kentucky bill to provide tax breaks for local crypto miners

Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe. Lawmakers in Kentucky are looking to impose tax breaks for local cryptocurrency miners. Kentucky lawmakers on Tuesday approved several state tax breaks including House Bill 230, which would remove the sales tax from electricity purchased by local crypto mining operators. According to a report by the Lexington Herald-Leader, Kentucky legislators voted 19 to two for the new measure.

Three Developments For Bitcoin According to Citi

US-headquartered international banking giant Citi just released a mostly bullish 107-page report about Bitcoin (BTC), its achievements and what might happen next, while some other analysts forecast "a downward spiral" for BTC. In its report from the GPS series, Citi stressed three developments for Bitcoin: "Growing acceptance by businesses,

Insurance Companies Reportedly Sink Crypto Cruise Ship MS Satoshi Project

Plans by Panama-based company Ocean Builders to launch a crypto cruise ship, a floating community to host businesses including stores and restaurants that planned to accept bitcoin (BTC) from customers, were reportedly scrapped by what company representatives describe as the inflexibility of big insurance companies. The former Pacific Dawn, a 1991-built 804-foot vessel, was

OLB Group enables crypto payments for thousands of US merchants

Small businesses can now accept cryptocurrency payments using OLB’s point-of-sale technology.

Billionaire Mark Cuban Says Crypto Is About To Change How All Businesses Work – Here’s How

Billionaire investor and Shark Tank veteran Mark Cuban says the crypto sector is going to fundamentally transform the way businesses function.

While Washington dithers, Wyoming and other US states mine for crypto gold

While Wyoming was luring crypto businesses, such as Ripple Labs, New York’s AG was bringing enforcement action against Bitfinex. The United States is divided politically these days into red states and blue states, and increasingly, it seems to be fracturing into cryptocurrency-friendly and crypto-wary locales, too.

Inside the Fight Against India’s Proposed Crypto Ban

As the Indian government’s crypto ban draft bill looms large, Indian crypto businesses are coordinating efforts to convince the government that regulation is the better approach.

FCA investigates 52 crypto businesses in 2020 according to reports

With the growing popularity of cryptocurrencies in the recent past, many regulators around the world have been increasingly cautious with regard to its impact.

Antier Solutions Executes Transactions Worth $100 Million on Blockchain MLM Platforms

PRESS RELEASE. After transforming businesses across various industries, blockchain has combined with MLM (Multi-level Marketing) to bring profound, positive changes in the industry.

Jim Cramer Says Every Company Should Have Bitcoin on Their Balance Sheet

After Tesla made a purchase of $1.5 billion worth of Bitcoin, Jim Cramer said that more businesses should get on board with the digital asset.