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New York Regulator Fast-Tracks 10 Cryptocurrencies

Written by:
C Costigan
Published on:
Aug/08/2020

The New York State Department of financial services (DFS), the Bitlicense regulator, has published a Greenlist comprising 10 cryptocurrencies for custody and eight cryptocurrencies for listing. “Any licensed entity may use coins on the Greenlist for their approved purpose(s),” the regulator explained.

The 10 cryptocurrencies are binance USD (BUSD), bitcoin (BTC), bitcoin cash (BCH), ethereum classic (ETC), ethereum (ETH), gemini dollar (GUSD), litecoin (LTC), pax gold (PAXG), paxos standard (PAX), and ripple (XRP). The same cryptocurrencies are pre-approved for listing, except for ETC and XRP. “If a licensed entity decides to use a coin on the Greenlist, it must inform DFS prior to beginning its use,” the regulator noted.

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Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America

The blockchain analytics company Chainalysis published an excerpt from the firm’s upcoming “2020 Geography of Cryptocurrency Report” which shows an interesting perspective of geographic crypto hot spots.

As far as numbers are concerned, in 2020 East Asia is the most active region worldwide in regard to cryptocurrency volume moved onchain. The report notes that East Asia is followed by Western Europe and North America. During the last 12-months, North America accrued 14.8% of all the crypto asset activity.

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Reports Claim UK’s Financial Conduct Authority 'Pressurized' to Remove Onecoin Scam Warning

A recent episode of the popular BBC Sounds podcast the “Missing Cryptoqueen” has shown the public a very interesting view of the powerful Onecoin Ponzi. According to two witnesses the BBC interviewed, a London law firm and a reputation management company allegedly managed to get the UK’s Financial Conduct Authority (FCA) to take down a Onecoin warning.

The Bulgaria-based Ponzi scheme Onecoin was once described by The Times as “one of the biggest scams in history” managing to net $4 billion from operations. The pyramid scheme has become a hot topic over the years, and it’s invoked the BBC Sounds podcast the “Missing Cryptoqueen.”

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Business/Financial News

CoinGeek Live Presents: Cashless Casinos: How Bitcoin Technology Offers A Better & Safer Gaming Experience

Live from studios in both New York and London experts from the iGaming industry gather to talk about the way forward for the casinos across the world. The conference will, naturally, be virtual but it is far more than just ‘Zoom-heads’ on a black background. This panel will not only offer interaction and questions form delegates but also be broadcast live from The Manhattan Studio (NYC) and Kennington Studios (London) from 10:15am EST on Friday, October 2nd. 

No Retail Crypto-Wide Bull Run Likely for Rest of 2020

No Retail Crypto-Wide Bull Run Likely for Rest of 2020

Joel Birch, co-founder of automated crypto investing platform Stacked, says crypto prices may still be weighed down by a difficult global economic atmosphere.  His remarks come as the Covid-19 pandemic continues its stranglehold across the globe with a second surge now occurring in Europe.

How Can I Bet Online From South Africa Using Bitcoin

How Can I Bet Online From South Africa Using Bitcoin

Many folks opt to gambling online with sites licensed outside the country of South Africa using Bitcoin and other cryptocurrencies.  Bitcoin transactions take place in under a few hours and are even available during weekends, all with extremely low fees.  It is important to stay clear of the so-called “Bitcoin Revolution South Africa”.

How Can I Bet Online From Holland Using Bitcoin

How Can I Bet Online From Holland Using Bitcoin

Many folks opt to gambling online with sites licensed outside the country of Holland using Bitcoin and other cryptocurrencies.  Bitcoin transactions take place in under a few hours and are even available during weekends, all with extremely low fees.

What is the Easiest Way to Buy Bitcoin Over the Internet?

What is the Easiest Way to Buy Bitcoin Over the Internet?

LocalBitcoins.com is an easy way to trade bitcoins person-to-person in an easy, fast, and secure way worldwide, most countries.

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