Finnish Crypto Exchange Prasos Oy’s Trading Days May Be Numbered
Four out of the five banks that Finnish-based Prasos Oy uses for their business has severed ties with the exchange, citing money laundering fears as the main reason.
Prasos Oy has become a well-known name in the Nordic region’s crypto circuit. The platform relies on the country’s centralized banks to assist in converting their clients’ cryptos into euros. They also run Coinmotion.com and Bittiraha.fi.
more....http://bitcoinist.com/finnish-crypto-exchange-prasos-oys-trading-days-may-numbered/
5 Altcoins to Keep an Eye on for the Week of March 10, 2018
This past week has demonstrated how exceptionally volatile the cryptocurrency space is. Not limited to Bitcoin, this week has seen many prices of altcoins collapse providing the perfect opportunity for high returns in the short term.
Altcoins Worth Focusing On This Week: HIRE, ZCL, BRD, NEO, and GAS
more....http://bitcoinist.com/5-altcoins-worth-paying-close-attention-to-for-march-10-2018-hire-zcl-brd-neo-gas/
Return of the ‘Bearwhale’: Around a Fifth of Mt. Gox’s “Missing” Bitcoin Dumped
On March 7, Tokyo attorney and bankruptcy trustee for the dead Mt. Gox exchange “spilled the beans” on his bitcoin and bitcoin cash sales since late September up until February 2018. Nobuaki Kobayashi presently revealed he sold about $400 million worth of bitcoin and bitcoin cash.
Kobayashi was in charge of the funds raised to distribute among the Mt. Gox’s creditors. On Wednesday, March 7, he came out saying that he has been dumping part of the funds into the market since late September (around 40,000 bitcoin). The trustee also revealed that he is still sitting on another $1.9 billion worth of the cryptocurrency (or approximately 160,000 bitcoin) and will consider offloading those as well as he raises cash to distribute to Mt. Gox’s creditors.
more....https://btcmanager.com/return-of-the-bearwhale-fifth-of-mt-goxs-missing-bitcoin-dumped/
Cryptocurrency Market Sheds $22 Billion as Every Major Currency Dips
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, Litecoin, and other major cryptocurrencies with the exception of Monero have experienced a decline in value, as the cryptocurrency market fell by yet another $22 billion after a seeing a drop on March 6.
more....https://www.ccn.com/cryptocurrency-market-sheds-22-billion-every-major-currency-dips/
South Korean Seniors Investing More in Cryptocurrencies Than Younger Folks
Although seniors are indeed less enthusiastic about cryptocurrencies than millennials, they tend to invest larger sums of cash in cryptocurrencies, a South Korean survey shows.
more....https://cryptovest.com/news/south-korean-seniors-investing-more-in-cryptocurrencies-than-younger-folks/
Streamity is Building a Decentralized Cryptocurrency Exchange with P2P Services
Despite regulatory uncertainty around cryptocurrencies, interest in digital assets is steadily increasing and Streamity aims to deliver a robust, decentralized crypto exchange which caters to the needs of traders and investors.
more....https://cryptovest.com/news/streamity-is-building-a-decentralized-cryptocurrency-exchange-with-p2p-services/
Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US?
According to public documents the mining giant based out of Beijing, Bitmain Technologies, is allegedly building a data facility near Port Walla Walla, Washington called ‘Ant Creek.’
more....https://news.bitcoin.com/ant-creek-is-bitmain-quietly-developing-a-mining-facility-in-the-us/
Credit Card Aims to Pay Users 1% Crypto Back Rewards
A new type of credit card aims to pay users cryptocurrency rewards rather than the typical ‘cash back’ incentives offered by traditional cards. The San Francisco based startup Blockrize aims to provide its customers with a 1% ‘crypto back’ rewards paid out in BTC or ETH.
more....https://news.bitcoin.com/credit-card-aims-to-pay-users-1-crypto-back-rewards/
Lil Windex Might Have 99 Problems, BCH Ain’t One
Cryptocurrency continues its worming into broader culture, and now it’s the turn of Bitcoin Cash (BCH). This week, rapper Lil Windex dropped a narrative-driven video, Bitcoin Ca$h, surprising his giant fan base with a new tune to potentially get booties shaking and more people woke to decentralized currency. News.Bitcoin.com caught up with the artist hours after his song’s official release, hoping to find out more about motives behind the single one popular website termed “ridiculously great”.
more....https://news.bitcoin.com/lil-windex-might-have-99-problems-bch-aint-one/
9 Reasons Blockchain Projects Need a General Counsel: Expert Take
Imagine that your ICO raised $50 mln and your cryptocurrency is trading at 100x from where you launched. Everyone loves your project, your friends and family are impressed, and you’re the darling of Blockchain. Congratulations and welcome to the big leagues! You now have a significant enterprise to protect, demanding stakeholders to satisfy, and a challenging product roadmap to deliver on. Besides talented engineers and marketers, you need a in-house lawyer on your team. Here are some reasons why.
more...https://cointelegraph.com/news/9-reasons-blockchain-projects-need-a-general-counsel-expert-take
NY Wealth Manager to Issue Loans Against Bitcoin
Crypto rich but low on cash?
With all the ICOs that have taken place (not to mention the meteoric rise in the value of crypto assets late last year), there are a lot of entrepreneurs who fit this description, but few products that allow them to turn long-term HODLing into actionable capital.
That's the idea behind a new subsidiary being started by Dominion Capital, a family office based in New York City. While the company has long invested in a variety of assets, Dominion's known for helping to finance projects by backing loans.
more...https://www.coindesk.com/cash-hodl-family-office-offer-loans-bitcoin/