Oct 28, 2020 at 20:31 UTC Updated Oct 28, 2020 at 20:39 UTC
Acting Comptroller of the Currency Brian Brooks asked for public input into how distributed ledgers might be used for banking services.(Credit: Andriy Blokhin / Shutterstock) Online Lender SoFi’s Application to Create a National Bank Conditionally Approved by US
Student loan and financial services provider SoFi’s application to establish a new national bank was granted conditional approval by the Office of the Comptroller of the Currency (OCC), opening the door for the new bank to custody cryptocurrencies.In an announcement Wednesday, the OCC said the preliminary approval is conditional pending a thorough evaluation of all information available.SoFi Digital Assets, a unit of SoFi, last year was granted a money transmission license as well as a BitLicense by the New York Department of Financial Services, allowing the unit to to provide buy and sell services for bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin and Stellar lumens to New York residents.SoFi’s conditional approval comes after the OCC published two key crypto guidance letters, the first allowing banks to custody cryptocurrencies and a second clarifying treatment of stablecoin issuers, published two months later.Share this: Australia Post Now Lets Customers Buy Bitcoin at Over 3,500 Outlets Jun 26, 2020 at 09:45 UTCUpdated Jun 26, 2020 at 09:46 UTC(Daria Nipot/Shutterstock)Australians can now purchase bitcoin at outlets of one of the country’s oldest organizations, its postal service.In a collaborative effort between Australia Post and Bitcoin.com.au, customers will now be able to use the Post Billpay feature to purchase bitcoin and other cryptocurrencies… Crypto Startup Circle Lays Off 30 Employees Citing Market, Regulatory Conditions news Crypto startup Circle has laid off roughly 30 people, or about 10 percent of its staff, CoinDesk has learned.
The company – which owns trading platform Poloniex, equity crowdfunding site SeedInvest and the USDC stablecoin in partnership with Coinbase – is looking to cut costs, Circle CEO Jeremy Allaire told CoinDesk via a spokesperson.… The ‘Thirdening’ Approaches: How to Watch Ethereum’s Fork as It Happens news The world’s third largest blockchain by total value, ethereum, is about to upgrade its code.Named Constantinople, the system-wide upgrade, or hard fork, is set to enact several tech improvements, most designed to increase usability and improve smart contract design, should users of the network decide to upgrade to the new software when it’s… Chinese Regulators Blast Crypto Fundraising in New Joint Warning Regulatory agencies in China have jointly issued a warning against illegal fundraising and trading activities involving cryptocurrencies.The warning was issued on Friday by six high-level watchdogs: the People’s Bank of China, the Banking Regulatory Commission, the Securities Regulatory Commission, the Ministry of Public Security, the Central Cyberspace Affairs Commission, and the State Administration for… UK Royal Mint Says Market Conditions Led to Blockchain Gold Plan Freeze NEWS Oct 25, 2018 at 16:05 UTC The U.K.
Royal Mint has suspended a long-running plan to create a crypto asset representing physical gold holdings.Citing anonymous sources, Reuters reported Thursday that the Royal Mint had frozen its plans to issue Royal Mint Gold (RMG) tokens after its partnership with the CME Group fell through… Holiday Spending up 14.6% as E-Commerce Beats Brick-and-Mortar Dec 26, 2019 at 19:00 UTCUpdated Dec 26, 2019 at 19:16 UTCE-commerce sales hit record highs this year as Americans continue to move their holiday shopping online.According to Mastercard’s SpendingPulse report, online retail grew 18.8% over last year’s holiday season.That’s enough to make online sales a record 14.6% of holiday shoppers total spend, the… SBI Aims for Cashless Society With Mobile Payments Token Trial Financial giant SBI Group has announced that it is testing a crypto token to be used for retail payments over mobile devices.The group’s investment arm, SBI Holdings, which launched Japan’s first bank-backed crypto exchange in June, said in a news release Tuesday that it is about to kick off a proof-of-concept trial of its… Bitcoin Price Defies Oversold Conditions to Hit 15-Month Low markets Bitcoin (BTC) tumbled to 15-month lows earlier today, dashing hopes of a rally signaled by current extreme oversold conditions.The world’s largest cryptocurrency by market capitalization fell to $3,200 on Bitstamp at 00:15 UTC – the lowest level since September 2017.
BTC was trapped in a five-day-long narrowing price range 24 hours ago and… Craig Wright’s Counsel Rebuts Forgery Evidence in Ongoing Lawsuit news Craig Wright’s ongoing contempt hearing failed to reach a sanctions verdict on August 5.
As part of a $10 billion lawsuit brought by Ira Kleiman, brother of Wright’s former business partner Dave Kleiman, Wright previously failed to disclose a complete list of his bitcoin holdings acquired prior to Dec.31, 2013.Judge Bruce Reinhart… Leave a Reply You must be logged in to post a comment.Search.