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Square Buys Up $50M In Bitcoin

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8) that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” said Amrita Ahuja , chief financial officer, Square. “As

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Bitcoin Daily: Bakkt Trust Crypto Platform Gets Trust License In NY

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This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. Bakkt is now authorized to provide custody services for bitcoin along with the launch of physically delivered bitcoin futures contracts. 16) in a press release. Both entities are affiliates of Bakkt.

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Bitcoin Daily: China Debuts Blockchain-Backed Subway eInvoices; Bitcoin’s Crypto Market Majority On The Decline

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Bitcoin’s share of the total cryptocurrency market is close to falling below 50 percent for the first time in over seven months. Before 2017, bitcoin held more than 70 percent of the market — but that was before new cryptos came on the scene. CoinDesk reported that the crypto currently accounts for 50.9 percent on March 17.

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Neobank Revolut Applies For UK Financial Services License 

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Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector. He will be tasked with developing the board and leadership team. The company added bitcoin, ether and litecoin in 2017. The neobank launched in the U.S.

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How MasterCard Vets Innovation

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From hackathons to startup pitches, startup accelerators and innovation labs, there are no shortage of ideas – and, it seems, the money to keep a steady stream of them flowing. In response to the question, “how do you decide which meetings to take, and then which innovators to invite back?” McLaughlin said.

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Bitcoin Daily: NY Regulator Announces New Crypto Unit; Online Crypto Lender Leaked Customers’ Credit Info

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New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. Lacewell said in a press release.

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Bitcoin Daily: SEC Regs Could Exclude Cryptos; Litecoin Founder Has Eye On Survival

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Our intent is to achieve a similar win for America’s economy, and for American leadership in this innovative space,” Davidson said. . “In the early days of the internet, Congress passed legislation that provided certainty, and resisted the temptation to over-regulate the market.

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