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Wyoming’s New Crypto Banking Law Could Defang New York’s BitLicense – CoinDesk

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There’s a way cryptocurrency businesses can get around New York’s notoriously hard-to-get BitLicense, and it runs through Wyoming. At least, so say members of the team that drafted the 13 crypto-friendly laws enacted by the Western state this year. One Read More

Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push – CoinDesk

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SoftBank-backed OneConnect Financial Technology, the fintech arm of China’s largest insurance company Ping An Insurance, filed a prospectus on Wednesday for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The firm plans to list its Read More

Bitcoin Miner Maker Canaan Sets $100 Million Target for US IPO – CoinDesk

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Canaan, the world’s second-largest bitcoin miner maker, intends to raise about $100 million in its initial public offering (IPO) in the U.S. The Hangzhou, China-based manufacturer of the Avalon bitcoin miner updated its IPO application with the U.S. Securities and Exchange Commission (SEC) Read More

Kik Suffers Setbacks With ‘Void for Vagueness’ Defense in SEC Case – CoinDesk

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Kik is struggling to mount a strong defense in a case brought by the U.S. Securities and Exchange Commission (SEC) over its $100 million initial coin offering. As reported last month, Toronto-based Kik’s legal team attempted to persuade the district court Read More

Bakkt in Discussions to Offer Cash-Settled Bitcoin Futures in Singapore – CoinDesk

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Bitcoin futures market Bakkt intends to expand from its current physically-settled offerings to cash-settled futures before 2020. Bakkt COO Adam White announced Tuesday during CoinDesk’s Invest: NYC conference that the Intercontinental Exchange (ICE) subsidiary is working on adding the product. Read More

Despite Denials, Tron Founder Confirms Investment in Poloniex Crypto Exchange – CoinDesk

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Justin Sun, founder of crypto platform Tron, said he is part of the investor group that recently acquired Poloniex from fintech firm Circle, after denying his involvement initially. Speaking at a joint Tron-Poloniex event live-streamed over Twitter on Tuesday, Sun Read More

Huobi’s ‘Regulator-Friendly’ Blockchain Goes Open Source – CoinDesk

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Huobi Chain, the regulator-facing public blockchain of exchange Huobi Group, is now open source and publicly available to all developers on GitHub, the firm said Tuesday. Nervos, a blockchain development startup, is providing part of the technical infrastructure for the Read More

Alibaba Offers Bitcoin Rewards Through Lolli Shopping App for ‘Singles Day’ – CoinDesk

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Lolli, an affiliate retail startup that gives online shoppers bitcoin instead of regular cash-back perks, just announced its first Asian partnership with Chinese e-commerce giant Alibaba. Lolli’s in-browser app allows users to shop through merchants’ websites as they normally would, Read More

Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients – CoinDesk

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Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Bakkt Warehouse,” with other “marquee firms” Read More

Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time – CoinDesk

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Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment Read More