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Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients

Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Baakt Warehouse,” with other “marquee firms” expected to join over the next few weeks. When it first launched, Bakkt was only …

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Bittrex Will Release Frozen Crypto to Former Users in Sanctioned Regimes

Crypto exchange Bittrex is looking to return crypto holdings to customers in sanctioned nations. According to a letter posted on Twitter by ex-user Ziya Sadr, Bittrex is reaching out to former customers who reside in “a country or region” in which the exchange is legally unable to offer services due to the U.S. Treasury’s Office of …

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Ex-Cinnober Blockchain Lead Joins Nordic Crypto Fund to Bet Big On Bitcoin

Since NASDAQ acquired Cinnober last year, blockchain lead Eric Wall has left the exchange business for a bitcoin investment fund, joining the Oslo, Norway-based Arcane Crypto, he told CoinDesk. Aimed at high net worth Scandinavians and institutional investors globally, the fund is an investment branch of Arcane, a crypto firm running a technology team, trading arm …

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Danske Bank Caught Using Gold Bullion to Launder Illicit Funds

<header class=”article__header”> </header> <strong>The Danish financial institution Danske Bank has been embroiled in a massive money-laundering scandal associated with an Estonian branch that allegedly laundered $223 billion in an eight-year period. According to documents uncovered this week stemming from 2012, Danske Bank’s Estonian branch let a select group of clients from Russia convert their money …

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Tax Agencies Worldwide Plan to Crack Down on ‘Dozens’ of Crypto Tax Evaders

<header class=”article__header”> </header> <strong>The U.S. Internal Revenue Service (IRS) has revealed the agency is cracking down on “dozens” of cryptocurrency users evading taxes. The IRS has partnered with tax agencies from four other countries in order to make sure tax enforcement strategies are being applied across the map.</strong> Also Read: QE Infinity: 37 Central Banks …

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Bitcoin Cash House Launches Crypto Hub in Venezuela

</header> <strong>A new crypto resource has emerged in Barquisimeto, Venezuela, for Venezuelans interested in learning about Bitcoin Cash and cryptocurrencies. The project, called Bitcoin Cash House, is the brainchild of Roberto Garcia and is sponsored by Bitcoin.com and Sideshift.ai. It exists as a physical location and online initiative, seeking to educate newcomers to the space …

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Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. To find out more about crypto valuation metrics, …

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Corrupt CBI Officer Booked for Extorting Vigilante Bitcoiner

<header class=”article__header”> </header> <strong>India’s Central Bureau of Investigation (CBI) has reportedly booked its own officer in an extortion case involving bitcoin. The target was a man who previously fell victim to the Bitconnect scam and allegedly resorted to extreme measures to recoup his money.</strong> Also read: China Now Censors Anti-Blockchain Sentiment, Educates Public on Bitcoin …

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Crypto-Based Commerce Spikes 65% in 7 Months

</header> <strong>Commerce fueled by cryptocurrencies has once again started to grow. Data collected by blockchain forensics company Chainalysis shows a significant increase of volume in the first half of the year. The positive change coincided with the remarkable market recovery that followed last year’s prolonged crypto winter. </strong> Also read: Turkey Becomes the Latest Nation …

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Tencent to Build Virtual Bank After Hong Kong Regulator Approves License

Chinese internet giant Tencent is set to open a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission (SFC) approved a new license. Speaking at the World Blockchain Summit in Wuzhen, China on Friday, Tencent blockchain chief Yige Cai said the company’s virtual bank received the SFC’s green-light. Moving forward, the company will assemble …

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