Prime Trust to Arrange Banking for Customers of BlockQuake Crypto Exchange

BlockQuake, a New York digital asset exchange launched in beta, has partnered with Nevada-based trust company Prime Trust, the firm announced Wednesday. Prime Trust began offering custody services for the crypto industry in late 2018, serving crypto firms like Binance, OKCoin and Bittrex to name a few. Prime Trust will perform know-your-customer (KYC) and anti-money-laundering […]

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Crypto Hedge Fund Ember Seeks $1 Million in SEC-Registered Equity Sale

Ember Fund, makers of an AI-managed cryptocurrency portfolio app, is seeking to raise up to $1 million through a Securities and Exchange Commission-registered securities sale. The year-old company revealed their intention in today’s filing with the SEC, detailing their sale of “Crowd SAFE” securities that will occur through the end of January 2020 on Republic, […]

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Libra Shows Central Banks’ Failure on Cross-Border Payments: Riksbank

Facebook’s Libra has been a wake-up call for central bankers. Now one such official – Gabriel Soderberg of Sweden’s Riksbank – says cross-border payments are where policymakers need to play catch-up. “Libra showed there is a demand for something that central banks have not yet delivered, which is cheap, efficient cross-border payments,” Soderberg told CoinDesk, […]

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Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks $53 Billion

China Construction Bank, one of the largest Chinese commercial banks, has expanded its trade finance blockchain platform with new abilities, including cross-chain and inter-bank transactions, as trading volume surpasses $53 billion. Speaking in Beijing at the official launch of the upgraded platform BCTrade2.0, CCB vice president Ji Zhihong said the new platform will leverage blockchain […]

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