Venezuela Starts Regulating Cryptocurrency Remittances

The Venezuelan government has begun regulating cryptocurrency remittances. The regulator has set a monthly limit and will be collecting commissions of up to 15 percent of the transaction amount. Additionally, new details of its comprehensive registry of crypto service providers have been announced. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Regulating Crypto Remittances The National Superintendency of Crypto Assets and Related Activities (Sunacrip), the regulator of all crypto activities in Venezuela, announced on Friday that the new regulation for remittances using cryptocurrencies has entered into…

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BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum

Over the last few weeks, Bitcoin Cash (BCH) developers and community members have been discussing a pre-consensus method called Avalanche. Now BCH proponents have begun to notice the protocol has been applied to the Bchd full node implementation and the proof of concept officially running on the BCH mainnet. Also read: Mt. Gox Creditors Neither Need nor Deserve This Kind of ‘Hero’ The Benefits of Avalanche and PoW Running in Parallel The Avalanche proof-of-concept is a consensus algorithm that adds Byzantine fault tolerant proofs to a blockchain network so nodes can differentiate between…

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Argentina’s State Public Transport Card SUBE Accepts Bitcoin

Argentinian public transport card SUBE, used in 37 locations across the country, now accepts Bitcoin. Argentinian state public transport card SUBE (Sistema Único de Boleto Electrónico) can now be topped up using Bitcoin (BTC), Cointelegraph in Spanish reported Friday, Feb. 8. Alto Viaje, a platform for adding money to SUBE cards, has partnered with Bitex, which provides blockchain-driven financial services to businesses. As a result of the partnership, the SUBE card can now be funded using BTC, via Alto Viaje’s website. Cointelegraph spoke to Manuel Beaudroit, CMO at Bitex, who…

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Bitfinex Resumes Trading After Unexpected 2-Hour Outage as Crypto Markets Surge

Hong Kong-based Bitfinex unexpectedly went offline for all users this morning, afterwards citing problems with “connectivity.” Hong Kong-based cryptocurrency exchange Bitfinex notified users in a tweet Saturday, Feb. 9, that it had temporarily gone offline for all users, as crypto markets saw major gains. Initially, the company wrote that the platform was unavailable only “to some users” and apologized for the inconvenience, without specifying a cause for the outage. However, about thirty minutes later, Bitfinex clarified that it had gone offline for all of its users, citing a “poor […]…

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Union Bank of the Philippines Launching Cryptocurrency ATM

One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that is in compliance with Bangko Sentral ng Pilipinas’ specifications. In the Philippines, the central bank regulates cryptocurrencies “when used for delivery of financial services, particularly, for payments and remittances.” Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Unionbank’s ATM Union Bank of the Philippines (Unionbank), one of the largest banks in the country with over 300 branches, is reportedly launching a cryptocurrency ATM. The Philippine Star reported on Wednesday that…

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In The Daily: Cointelligence Exchange Rating, Bithumb OTC, Telegram, Ton

In the first edition of The Daily this weekend, we cover the details around the launch of a new cryptocurrency exchange rating system by Cointelligence. Also, South Korean exchange Bithumb has announced it’s establishing an OTC trading desk in Hong Kong, and the popular messenger service Telegram has postponed the launch of its TON network until March. Also read: Huobi Adds USD Trading Pairs, Airswap Launches Fiat-to-Crypto Exchange Cointelligence Launches Crypto Exchange Rating System A company specializing in data research and analysis for the crypto economy has recently announced it’s…

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NYSE Operator’s Crypto Platform Bakkt Finalizes Its First Acquisition

Bakkt, a digital asset platform operated by the NYSE’s parent company, finalizes the acquisition of assets from futures commission merchant Rosenthal Collins Group. Bakkt, the much-anticipated digital assets platform operated by the Intercontinental Exchange (ICE), has closed its first acquisition, a tweet from the company revealed Feb. 8. The move marks the finalization of an acquisition of assets in futures commission merchant Rosenthal Collins Group (RCG). “With today’s closing of our transaction with Rosenthal Collins Group, we welcome great new team members to Bakkt,” the statement reads. By acquiring certain…

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Forbes ‘Fintech 50’ List, Reviewed: New Players, Veterans and Startups Which Didn’t Make the Cut

A look into the crypto part of Forbes’ fresh ’Fintech 50’ list Recently, Forbes published the fresh edition of its “Fintech 50” list, counting the world’s top financial technology firms. Notably, there are just six crypto and blockchain companies featured this year, while the 2018 list contained 11 players from the field. Given that the notorious crypto boom of 2017 has been followed by the relentless bear market, it is hardly surprising. Nevertheless, while there is considerably fewer crypto companies featured this year, less than half of them — Ripple,…

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