Dash Merchant Venezuela Team Issues Response to Embezzlement Accusations

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Eugenia Alcalá, the CEO of Dash Venezuela, issued a statement following embezzlement accusations. Some in the community are still outraged. Meanwhile, the CEO apologized for delays in delivering its balance sheet and praised the team for its “positive achievements.” Dash Merchant Venezuela Team Accused of Embezzlement Dash Merchant Venezuela, the team tasked with increasing adoption…

Indian Government Invites Law Firm to Present Suggestions for Cryptocurrency Regulation

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The Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies. The suggestions include avoiding prohibition, taking a balanced approach, options for licensing, and self-regulation for the industry. Also read: Indian Supreme Court…

$2.1 Trillion Fund Management Firm Fidelity Launching Bitcoin Custody in Q1 of 2019

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Fidelity Investments, the world’s fifth largest asset managers with $2.5 trillion under management, is launching a Bitcoin custodial product aimed at institutional investors to expand its “Digital Asset” service. Scheduled for a March 2019 launch, the offering comes after Fidelity announced support for cryptocurrencies in 2018 and introduced trading services for accredited firms and family…

Markets Update: Top Crypto Assets Open 2019 With Slow Month of Trading

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The leading cryptocurrency markets have seen a slow start to the year, with the top three markets by capitalization shedding between 10% and 37% since early January’s local highs. January has also seen volatility in market cap rankings, with XRP and ETH competing for the second largest crypto asset capitalization, and EOS, USDT, and BCH…

Meet the Crypto Cult, the Colorful Cast of Cryptocurrency’s Wild West

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Over the past two years, crypto has often been referred to as the Wild West, and for good reason. Cryptocurrency has been an unregulated digital frontier where the fringes of society speculated feverishly—and some prospectors won big. As crypto went mainstream in late 2017, the early adopters (or pioneers, more aptly) saw their small investments…

Bitfinex Partnered With at Least 6 Different Banks During 2018

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22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $5 billion in trade this past month, the exchange has struggled to establish reliable banking partners, with traders seeking to deposit…