Crypto Derivatives Exchange Blade Raises $4.3M From Coinbase and Others

The upcoming crypto derivatives platform Blade has raised over $4 million from Coinbase and SV Angel, among others. A soon-to-launch cryptocurrency derivatives exchange has raised $4.3 million from major investors such as the cryptocurrency platform Coinbase and the investment firm SV Angel. The exchange Blade is scheduled to launch in three weeks’ time. Blade’s funding and plans come by way of a Tech Crunch report on Aug. 12. The report notes that in particular, Blade is aiming to provide trading for cryptocurrency-based perpetual swap contracts with three new improvements. First,…

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In Israel’s Crypto Banking War, Lawsuits Lead the Charge (For Now)

It was a sunny morning in 2016 when Yuval Roash discovered that his business was in jeopardy. He hadn’t even had his morning cup of coffee before the postman came knocking with an urgent letter. The young entrepreneur’s cryptocurrency exchange, Bits Of Gold, was facing an ultimatum from Leumi, its primary bank: Stop conducting business with cryptocurrencies or we’ll bar you from our banking services. The demand blindsided Roash. “I thought, ‘This is unacceptable,’” Roash told Bitcoin Magazine. “We have clients and we were completely honest. It doesn’t make sense…

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Binance’s Trust Wallet Releases Desktop App for MacOS

Crypto exchange Binance’s Trust Wallet has released a desktop application for the macOS, with support for Windows and Linux to follow. The Binance-owned digital currency wallet, Trust Wallet, has released a desktop application for macOS. The team behind Trust Wallet announced the development in a tweet today, Aug. 12, also revealing that the wallet will be available in the Mac App Store shortly. In a series of tweets, Trust Wallet founder Viktor Radchenko disclosed that support for Linux will be launched next week. Radchenko further said that the main challenge…

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Congressional Research Service Examines Blockchain in Energy Sector

The Congressional Research Service has presented considerations on blockchain solutions for the energy sector. The Congressional Research Service has released a report that examines, among other things, the potential advantages and disadvantages of pursuing blockchain-based solutions for the energy sector. The Congressional Research Service released their findings in a report on Aug. 9, entitled “Bitcoin, Blockchain, and the Energy Sector.” In its report, the research group noted that launching a blockchain solution which allows consumers to purchase energy services within a distributed system, in particular, could make for an energy…

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SEC Requests Freeze on Assets in Connection With Alleged $15M ICO Fraud

The SEC is prosecuting a New York businessman and his two companies in connection with an allegedly fraudulent ICO that netted $14.8 million. The United States Securities and Exchange Commission (SEC) has filed a complaint against a New York-based man and two of his companies. The SEC alleges that these entities conducted a fraudulent and unregistered ICO from late 2017 to 2018, and is requesting that a U.S. District Court issue an emergency freeze on the defendants’ related assets.  Hindenburg Research shared the SEC’s filing for a jury trial in…

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Colu Blockchain Platform Shutting Down, Buys Back Its Tokens

Colu has shut down its blockchain platform and is offering to repurchase its tokens from investors for Ether. Colu Group subsidiary Colu DLT has announced that it is shutting down its blockchain-based Colu Local Network, and is offering to repurchase and burn the accompanying CLN tokens sold to investors during its initial coin offering (ICO). The company’s buyback offer comes by way of an official announcement from Colu DLT on its website. According to the notice, the company is looking to repurchase its tokens with Ether (ETH) over a 90-day…

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Coinbase UK Drops Support For Zcash

In an email sent to its users, the UK arm of crypto exchange Coinbase announced that it will drop support of Zcash on August 26, with customers expected to convert their Zcash holdings before that date. While Coinbase has yet to provide a reason, the company behind the crypto, the Electric Coin Company, did preempt any speculation, stating that Zcash is compliant with UK know-your-customer and anti-money laundering requirements.

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