Crypto sector has been waiting for the launch of Bitcoin futures trading platform Bakkt for a long time now. This should happen finally at September 23. Within 48 hours after the big reveal, Bitcoin surged by 10 percent.
After months of waiting, the Binance App has been re-launched on the iOS platform. Moreover, the company has good news for traders from the US.
The New York State Department of Financial Services has just announced the creation of a new section called the Research and Innovation Division. Its main goal will be to regulate crypto-related businesses in the state.
NYDFS Superintendent Linda Lacewell said that Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC, who operate under Seed CX, had received BitLicenses.
Gemini, the Winklevoss brother owned cryptocurrency company, has recently applied for a FINRA broker-dealer license. This is a healthy step towards allowing their customers to lawfully swap digital securities.
To receive BitLicense, Bitstamp has undergone a robust examination into the company’s Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance as well as the anti-fraud, capitalization and cybersecurity policies.
With Robinhood and LibertyX, NYSDFS has approved sixteen licenses for companies in the virtual currency marketplace.
According to the official announcement, Coinbase will offer custody service for XRP which has raised doubts whether the exchange is planning for a possible listing of the coin.
The Gemini Dollar and Paxos Standard stablecoin will be pegged to the U.S. Dollar in 1:1 ration. The tokens are built on Ethereum network using the ERC 20 standards.