🗞 Daily Crypto News, April, 10th💰
- Philippines Now Has 10 Approved Cryptocurrency Exchanges;
- The Unbelievable Brilliance of Binance;
- US Subsidiary of EU Crypto Exchange Bitstamp Seals BitLicense From New York Regulator;
- $60 Million and Rising: China’s Crypto Funds Try Lending to Beat Bear Market;
- Advocate for Mt Gox Creditors Quits, Saying Bitcoin Payouts Could Take Years ;
- 📑 Daily Crypto Calendar, April, 10th💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 Philippines Now Has 10 Approved Cryptocurrency Exchanges
The Philippines is catching up to Japan with a growing number of approved cryptocurrency exchanges. The central bank has green-lighted 10 crypto exchanges so far. Meanwhile, one of the country’s largest banks now has a bitcoin ATM at one of its main branches. In addition, the Cagayan Economic Zone Authority has independently licensed 24 crypto exchanges.
"When they sell their bitcoin, users will be able to withdraw the money they made in the transaction from the ATM directly. You have to be a UBP account holder and have a crypto wallet (like Coinsph), users who do not have a UBP account can open one in the Ark where the ATM is located".
🗞The Unbelievable Brilliance of Binance
Whatever people make of the cryptocurrency exchange Binance and its leader, Changpeng Zhao, the company’s success isn’t just unprecedented, it’s precedent-setting.
Binance, I would argue, is emerging as the case study for growing a cryptocurrency business, a success that’s much needed in a community that spends too much time talking up the potential of its technology and too little time analyzing viable go-to-market strategies that can drive the technological sea change we foresee.
In that regard, I think the market is only just beginning to understand just how visionary Binance is and what its success – in terms of market timing and product impact – says about something we all are striving to find: a model for building scalable and impactful cryptocurrency businesses.
🗞 US Subsidiary of EU Crypto Exchange Bitstamp Seals BitLicense From New York Regulator
The United States subsidiary of major European crypto exchange Bitstamp has been granted a virtual currency license from New York state’s financial regulator, according to an official press release from the New York Department of Financial Services (NYDFS) on April 9.
The license, known as a BitLicense, has been awarded by the NYDFS to Bitstamp USA Inc., a subsidiary of the Luxembourg-registered exchange.
According to the press release, the development makes Bitstamp USA reportedly the nineteenth firm to receive the department’s green light to conduct digital currency operations in New York state. As Reuters today reports, Bitstamp Europe SA was granted a payment institution license back in 2016, which authorized its operations across all 28 EU countries.
🗞$60 Million and Rising: China’s Crypto Funds Try Lending to Beat Bear Market
The Takeaway:
Crypto investment firms in China have turned to lending for a steady revenue stream to get through the bear market, including Bixin Capital, FBG Capital and Dong Zhao’s DGroup.
Each of these firms currently holds about $15 million worth of outstanding loans originated over the last five months.
Although most of these lenders don’t directly deal with Chinese yuan, they see borrowing demand domestically from retail investors, trading desks and cryptocurrency miners.
🗞 Advocate for Mt Gox Creditors Quits, Saying Bitcoin Payouts Could Take Years
The head of the largest organized creditor group representing the former users of failed bitcoin exchange Mt. Gox is stepping down amid what he described as a protracted legal quagmire that could take years to resolve completely.
Andy Pag, the founder and coordinator of Mt. Gox Legal, told CoinDesk in an exclusive interview this week that he now believes ongoing legal issues – in particular, a single massive claim by startup incubator and former Mt. Gox partner Coinlab – may hold up the crypto exchange’s civil rehabilitation process for up to two more years.
Pag, who started Mt. Gox Legal roughly 18 months ago with the intent to advocate for the reimbursement of creditors, first revealed his opinion of the expected timeline in a private forum post last week, obtained by CoinDesk, which told creditors he would be stepping down from his role as coordinator at the end of the month.
📑 Daily Crypto Calendar, April, 10th💰
"We will be launching our #marketplace 10 april or earlier."
"We are pleased to invite you to join our next community town hall on April 10, 2019 at 1:00 p.m. EDT (see below for other timezones)."
Torque releases the open beta of TorquePay, its instant payment gateway.
Join us for the launch of Murmur 2.0, the app will feature faster timelines, Murmur games, video uploads and more.
"Join us on Wednesday 10th April at 19:00 in Kazan, Russia for a Binance meetup!"
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Not so bad today. Yes we had a correction but if you look well, we didn't really break the support line for a long time and we are even now upper than this line. Let's see what will be done in the coming hours but a UP break out would be nice to have to confim a bounce from that support line.
Last Updates
- 🗞 Daily Crypto News, April, 9th💰
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- 🗞 Daily Crypto News, April, 3rd💰
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