Day: October 31, 2018

New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service

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  New Zealand’s state-backed innovation institute Callaghan Innovation awarded a $330,000 grant to a local crypto wallet and trading service, according to a press release published Tuesday, Oct. 30. Callaghan Innovation issued an “R&D Project Grant” to local crypto wallet and trading platform Vimba, a rebranded version of former MyCryptoSaver. Following the grant, the crypto startup is reportedly set to expand its offerings, as well as to list more cryptocurrencies and enable multi-signature crypto wallets. R&D Project Grants are a type of co-funding for a research and development project. A…

Brazilian Bitcoin Exchange Wins Banking Standoff, Has Account Reopened

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Bitcoin Max, a Brazilian cryptocurrency exchange, has recently seen two banks in the country, Santander and Banco do Brasil, reopen its accounts following preliminary decisions made by Brazil’s Federal District Court. They reportedly reopened the exchange’s accounts to avoid paying fines. Banks Reopen Crypto Exchange Accounts According to local news outlet Portal do Bitcoin, failing to comply would have cost Santander up to $1,350 and Banco do Brasil up to $5,400. Speaking to the outlet, Bitcoin Max’s attorney Leonardo Ranna reportedly revealed its bank accounts “have been restored,” along with…