Swiss Crypto Bank SEBA Launches With Range of Services

SEBA Bank is now fully operational with a range of services to bridge the gap between the crypto world and traditional banking. Licensed in Switzerland, the bank’s crypto services include asset management, trading, custody, and financing. Its wallet app, e-banking, and card enable customers to convert between cryptocurrencies and traditional investments such as stocks, bonds, and foreign exchange. Also read: Crypto-Friendly Silvergate Bank IPO Debuts on NYSE SEBA Bank Now Fully Operational Headquartered in Zug, Switzerland, SEBA Bank AG announced on Tuesday that it is now fully operational and has…

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With New Crypto Hardware Wallet, Evercoin Takes Aim at Trezor and Ledger

Evercoin launches Evercoin 2, a secure crypto wallet powered by YubiKey 5ci. How does it compare with Trezor and Ledger and will it really keep users safe? Evercoin announced the launch of Evercoin 2 today, Nov. 12, at New York Consensus Invest Summit. Evercoin claims that its new wallet is the safest hardware wallet currently on the market, providing users with an end-to-end encrypted ownership solution for cryptocurrency storage.  Powered by YubiKey 5ci —  a security key designed to deliver strong hardware-backed authentication for iPhones and other devices — Evercoin…

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New Product Specialist Joins Fidelity to Focus on Crypto Strategy

Fidelity Investments hires product specialist to oversee the company’s strategy on cryptocurrencies, custody and execution services. Fidelity Investments has hired Michael Zinaman as its product specialist to further develop a range of products in the company. Fidelity’s strategy on cryptocurrencies On Nov. 12, the Block reported that Michael Zinaman had joined financial services company Fidelity Investments. Zinaman will reportedly oversee the company’s strategy on cryptocurrencies, custody and execution services. Zinaman started his new position as product specialist at Fidelity just over a month ago, where he was hired to focus…

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As Regulators Stonewall Libra, Facebook Rolls Out New Payment System

As worldwide regulators continue to stonewall the Libra stablecoin project, Facebook moves forward with Facebook Pay, a new fiat payment system. As the Libra stablecoin project continues to face a hostile audience of regulators, Facebook launches a new fiat payment system called Facebook Pay. Empower people everywhere to buy and sell things online On Nov. 12, the social media giant announced that it is introducing Facebook Pay, a payment system that is designed to facilitate payments across Facebook, Messenger, Instagram, and WhatsApp. Deborah Liu, VP, marketplace & commerce at Facebook…

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Bitcoin History Part 20: BTC Reaches $1

It was a milestone that Bitcoin loyalists had long anticipated. Nevertheless, a toast was in order the day BTC reached parity with the US dollar. February 9, 2011 was the historic date, and over on the Bitcointalk forum, talk inevitably turned to what this meant for the nascent cryptocurrency. Also read: Bitcoin History Part 19: Wikileaks and the Hornet’s Nest ‘It’s Gonna Be Another Wild Ride’ This was the prediction by forum member ‘jimbobway,’ who had opened a thread entitled “Parity Party!!!” on January 11, 2011. USD parity was still…

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Study: Chinese Blockchain Spending to Exceed $2B by 2023

Blockchain development in China will see a compound annual growth rate of 65.7% from 2018 to 2023, according to new research by IDC. China’s spending on blockchain technology will exceed $2 billion in 2023, official state-run publication Xinhua reported on Nov. 10. The report claims that blockchain development in China will see a compound annual growth rate of 65.7% from 2018 to 2023. China’s banking sector responsible for the bulk of blockchain spending in 2019 Citing a study by American market intelligence firm IDC published on Nov. 7, the report…

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Bitfinex Looks to Launch Options Trading As Soon As Q1 2020

Cryptocurrency exchange Bitfinex is considering launching options trading and a gold-backed stablecoin, dubbed Tether Gold. According to an executive, cryptocurrency exchange Bitfinex is planning to launch options and a gold-backed stablecoin, among a host of new products. New range of products In a Nov. 12 appearance on the Scoop, Paolo Ardoino, CTO of Bitfinex and Tether, told the Block that Bitfinex is considering launching options trading, while also taking a closer look at prospects for a gold-backed stablecoin, dubbed Tether Gold. Although Ardoino didn’t reveal any additional details about Tether…

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Two Former Circle Executives Co-Found Proprietary Crypto Trading Firm

Two former executives at crypto finance firm Circle and former DRW executive jointly founded proprietary crypto trading firm CMS Holdings. Two former executives at crypto finance firm Circle and former DRW executive jointly founded proprietary crypto trading firm CMS Holdings. The new venture Coindesk reported on Nov. 12 that the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter desk Circle Trade — and former technology executive Julien Collard-Seguin alongside a third partner. The third founder is the former head of…

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Market Mostly Trades Sideways as Bitcoin Price Hovers Around $8,800

The price of Bitcoin hovers around the $8,800 price mark as the market is mostly trading sideways today. Tuesday Nov. 12 — Cryptocurrency markets are largely trading sideways with many changes among the top-20 coins not exceeding 1% on the day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been trading sideways for the better part of the day and continues to circle the $8,800 price mark. The world’s largest cryptocurrency bounced off a local low of $8,705 earlier today before moving to its current trading price at around…

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Justin Sun Confirms Tron’s Listing on Poloniex Cryptocurrency Exchange

Justin Sun confirms that TRX, the 11th largest cryptocurrency by market capitalization, has now been listed on the Poloniex cryptocurrency exchange. Tron (TRX), the 11th largest cryptocurrency by market capitalization, has now been listed on the Poloniex cryptocurrency exchange. Sun confirms TRX listing on Poloniex In a Nov. 9 blog post, Poloniex cryptocurrency exchange announced that it was readying to list the decentralized cryptocurrency on its platform, which Tron CEO Justin Sun confirmed on Nov. 12 by tweeting “it’s official now.” Starting today, customers will be able to start posting…

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