Accepts Bitcoin bitcoin Exchanges paypal square 

$43 Million in Bitcoin Trades Help Square Beat Q3 Earnings Estimates

Twitter Facebook LinkedIn Square, the merchant payment service provider which thrives on its mobile card readers and applications, has posted its third-quarter shareholder report, and it includes $43 million in bitcoin revenue. Slim Margins on Bitcoin Overall, they’ve made 51 percent more than they did last year up to this point, and revenue is 68 percent better than they did during the same quarter of last year. BTC sales are one of its smallest components, but they still represent a notable portion of total revenue — around 5 percent. They…

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Bancor DApp dex EOS Ethereum News Exchanges LiquidEOS 

Bancor’s Cross-Chain DEX Between Ethereum and EOS is Now Live

Twitter Facebook LinkedIn Bancor, a popular decentralized exchange (DEX) protocol on the Ethereum blockchain announced in September that they’d build a bridge to the EOS network. The new platform, called BancorX, is now live. BancorX enables token conversions between 110+ Ethereum and EOS-based assets. Projects launching on the platform include Everipedia, eosBLACK, BetDice, MEET.ONE, KARMA, Prochain, and Chaince. Bancor Bridges the Gap Between Ethereum And EOS BancorX was built in partnership with EOS block producer LiquidEOS. It makes use of Bancor’s own token, BNT, to make the transactions happen. BNT…

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Exchanges Exclusive ICO News LXDX security token offering SpaceX Will Roman 

Crypto Exchange LXDX Will Sell Stock Through Security Token Offering

Twitter Facebook LinkedIn LXDX, the high-speed cryptocurrency exchange founded by a former SpaceX engineer, has announced that it will issue stock through a security token offering (STO). Institutional Crypto Exchange to Issue Stock on the Blockchain CCN can exclusively report that LXDX, which was co-founded by former SpaceX engineer Joshua Greenwald, will become one of the first companies to issue stock through a security token offering, allowing investors to purchase cryptocurrency tokens that represent ownership in the exchange. Security token offerings are essentially the suit-and-tie version of the initial coin…

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Bitcoin Exchange coinbase Crypto Exchanges 

Crypto Exchanges Rake in Billions in Revenue Despite Market Struggle

Twitter Facebook Coinbase, the largest fiat-to-crypto exchange in the global market, is set to bring in over $1.3 billion in yearly revenue by the end of 2018. Binance, the go-to crypto exchange for digital asset traders, recorded a profit of $200 million in January, nearing that of Germany’s biggest financial institution Deutsche Bank. Upbit and Bithumb, two of the largest exchanges in South Korea, have reportedly been recording a monthly revenue of $100 million in early 2018 mainly from transaction and withdrawal fees. In January, Yoojjin Investment researcher Jung Yoon-ho…

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Bitcoin Exchange brazil Exchanges Marcado Bitcoin 

Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by trading volume, recently fired “at least” 20 employees amid restructuring efforts being made to “focus on professionalization, better governance and more agility in customer service.” Local news outlet Portal do Bitcoin reportedly spoke to four now ex-employees that served at different hierarchical levels. One noted it “was horrible” and said that there “were people crying” over the occurrence. The ex-employees revealed that senior executives started getting laid off earlier this week, on October 15, with other employees being fired by an executive the…

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Altcoin News Exchanges huobi HUSD stablecoin Tether 

One Coin to Rule Them All? Huobi Lets Users Swap Between Stablecoins

Singapore-based cryptocurrency exchange Huobi Global today introduced an all-in-one stablecoin program called HUSD, which will allow traders to convert between four USD-pegged cryptocurrency tokens. HUSD: Huobi’s All-in-One Stablecoin Solution According to the announcement, the HUSD solution aims to reduce the need to choose between multiple stablecoins, as well as to cut down transaction costs incurred when switching between these USD-pegged assets. It does so by automatically converting all stablecoin deposits on Huobi’s platform to its newly-launched HUSD “token,” which is native to the exchange and cannot be withdrawn. This platform…

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bitfinex Exchanges 

Bitfinex Unveils New Banking System, Resumes Fiat Deposits

Cryptocurrency exchange giant Bitfinex has unveiled a “distributed banking solution” that it says will be a “resilient” solution to its much-chronicled banking woes. Announced on Tuesday, the new system will allow KYC-verified users to immediately begin initiating fiat deposits across USD, GBP, JPY, and EUR, which had been paused for almost a week. Under the new system, eligible users must initiate a fiat deposit through their exchange accounts, which involves specifying the exact amount and currency they plan to deposit. Within 48 hours, the cryptocurrency exchange will send the user…

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bakkt coinbase Exchanges 

Coinbase Veteran Adam White Joins ICE’s Crypto Platform Bakkt

Early Coinbase employee and head of institution products Adam White has joined Intercontinental Exchange’s (ICE) cryptocurrency platform Bakkt as its chief operating officer, per the company’s announcement on Medium. The news of White’s departure from the firm was first released on Bloomberg. White was Coinbase’s fifth employee, and he joined in 2013 when the founders were working from home and Bitcoin was trading around $200, per the report. He served as the digital asset platform’s vice president and general manager of its institutional business, where he led the team that…

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CFTC Exchanges regulation russia YoBit 

Cryptocurrency Exchange Says it Plans to Nakedly Pump Random Coins

Middling cryptocurrency exchange YoBit has an unusual plan to attract more traders to its platform: randomly pump coins to artificially drive up their prices. In a Tweet published this morning, the exchange, apparently based out of Russia, said that on Thursday it will inject 10 BTC (~$66,000) into 10 random markets. “We will buy one random coin for 1 btc every 1-2 mins 10 times (total buy amount – 10 btc),” the exchange operator said. Lol @SEC_Enforcement — Psychedelic El Barto (@PsychedelicBart) October 10, 2018 Though not a large sum…

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bitcoin Exchanges Exclusive india RBI regulation SEBI 

India’s Securities Regulator Tight-Lipped on Crypto Regulation, Inquiry Reveals

The Securities and Exchange Board of India (SEBI) recently responded to some 68-questions about crypto asked by a New Delhi-based legal agency. The response came under the pretext of a Right-to-Information (RTI) act that allows citizens to request information from a public authority. Blockchain Lawyer filed an RTI application to SEBI seeking knowledge on various aspects of crypto regulation, including their official stance, recently study tours and the outcomes of internal meetings over the proposed crypto law so far. According to Varun Sethi, a legal counselor at Blockchain Lawyer, SEBI…

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