The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading. Source
If bitcoin follows historical trends, it could tip $1 million by February 1st 2028. Based on extrapolating Timothy Peterson’s ‘never look back’ chart which tracks bitcoin’s lower troughs. The chart echoes Plan B’s ‘stock to flow’ model which puts BTC at $1 million near the end of the next decade. Plenty of analysts have predicted a million-dollar bitcoin. But few have targeted such a specific date. By analyzing historical bitcoin price action, however, it’s estimated that BTC could hit $1 million on precisely February 1st, 2018. The million-dollar target has…
Crypto Millions Lotto, a platform that claims to be the world’s largest bitcoin-powered lottery, has signed a partnership deal with Wolverhampton Wanderers (Wolves), a top English Premier League (EPL) football club, according to a press release on November 19, 2019. Football Meets Crypto Lottery In a bid to significantly increase its visibility and reach more audiences around the globe, crypto-based online lottery startup, Crypto Millions Lotto, has inked a strategic partnership deal with the EPL’s Wolverhampton Wanderers Football Club. As stated in its press release, Crypto Millions Lotto has become…
“Just because you say you are a banana doesn’t make you a banana,” said Director Blanco. Source
The Winklevoss twins’ Gemini exchange has made its first-ever acquisition by purchasing the Nifty Gateway platform, which enables users to buy and manage non-fungible tokens (NFTs). Tyler Winklevoss revealed the acquisition in a Nov. 19 blog post, detailing that so-called “nifties” are a unique asset or good on a blockchain that differ from other cryptocurrencies as they are one-of-a-kind and thus not interchangeable. Nifties’ features make them ideal as a base for crypto-collectibles and crypto-art, according to Winklevoss. Because all collectibles will migrate onto blockchain Currently, the Nifty Gateway platform…
‘Phineas Fisher,’ an anonymous hacktivist, has released a manifesto addressed to hackers in which he offers a reward of up to $100K in cryptocurrency to anyone who carries out politically motivated attacks. The bounty operation is called “Hacktivist Bug Hunting Program” and the idea is to incentivize hackers to perform cyber-attacks that could result in leakage of documents that are in the public interest. Phineas Fisher mentions in his document that he would be paying the hackers in cryptocurrencies such as Bitcoin(BTC)trade or Monero (XMR). The manifesto mentions a number…
Publicly traded Bitcoin (BTC) fund Grayscale Bitcoin Trust (GBTC) filed Form 10 with the United States Securities and Exchange Commission (SEC) to become the first crypto fund to report to regulator. Grayscale announced in a blog post published on Nov. 19 that, if the filing will be deemed effective by the SEC, several aspects of the fund’s operations could change. In the event of approval The firm notes that, if the regulator deems the filing effective, the structure of the trust will remain the same and it will not be…
The Royal Bank of Canada (RBC) — the largest bank in Canada with $499 billion in assets under management — will not launch its own digital currency trading platform, contrary to previously published news. Last week, rumors that the RBC was exploring the possibility of launching its own cryptocurrency exchange began circulating the internet on a range of finance and economics-focused publications. At the time, it was reported that the trading platform would “facilitate buying and selling of individual digital coins, including Bitcoin (BTC) and Ether (ETH), as well as…
Italian luxury sports car brand Lamborghini is using Salesforce Blockchain to authenticate heritage Lamborghini cars. Salesforce, a major global customer relationship management firm, announced on Nov. 19 that Lamborghini can now trace, certify and authenticate heritage cars faster and more securely using its blockchain platform. Launched in May 2019, Salesforce’s Hyperledger-based blockchain platform will now be implemented to create a trusted network between multiple participants for certification checks during a Lamborghini’s resale. Each Lamborghini vehicle will now come with an immutable record of service Typically, when a Lamborgini is resold,…
A Sweden citizen has been extradited to the United Stated from Thailand to trial for charges of securities fraud, money laundering and wire fraud that involved digital currencies such as Bitcoin(BTC)trade. Brian A. Benczkowski, assistant attorney general of Criminal Divisions of Justice Department in United States, David L. Anderson, attorney in California based in northern district and Kelly R. Jackson, Special Agent in the Criminal investigation sector of the IRS announced this in a press release. Roger Nils-Jonas Karlsson, 45, was indicted on July 25th this year along with Eastern…