Saturday, November 28, 2020

Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions

The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company...

FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What

“Just because you say you are a banana doesn’t make you a banana,” said Director Blanco. Source link

Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings

Galaxy Digital is tapping Bakkt and Fidelity Digital Assets to store the bitcoin for its two new funds. Source link

Grayscale’s Bitcoin Trust Seeks SEC Reporting Company Status

Grayscale Investments has filed to register its bitcoin trust as an SEC reporting company, potentially the first crypto vehicle to attain such status. Source link...

PayPal Joins $4.2M Round for Crypto Banking Compliance Startup

Reddit founder Alexis Ohanian’s Initialized Capital, Blockchain Capital and PayPal Ventures are backing TRM Labs in its effort to help financial firms manage crypto...

Canada’s Einstein Exchange No Longer Has Bulk of Users’ Claimed CA$16M: Receiver

The exchange, taken over by a Canadian securities regulator two weeks ago, has just CA$45,000 in crypto and cash left. Source link

IRS Focusing on Potential Illicit Activities Facilitated by Bitcoin ATMs: Official

The Internal Revenue Service is looking at bitcoin ATMs and their potential to facilitate illicit activities, its criminal investigation chief said. Source link

Bitcoin Price Faces Deeper Dive as Bear Cross Confirmed

Bitcoin looks set to test support at $7,520 after a bearish cross was confirmed Monday and recent gloomy China news. Source link

DAI Is Moving Beyond Ether, But DeFi Isn’t Decentralized Just Yet

MakerDAO may be diversifying the assets it works with, but it has a long way to go to decentralize the power to make key...

Brooklyn ICO Promoter Sentenced to 18 Months in Federal Prison

The fraudster used diamonds and real estate to whisk away $300,000 in other people's money in 2017. Source link