CRYPTO NEWS: Latest BITCOIN News, OKEx News, RIPPLE News, COINBASE News

CRYPTO NEWS: Latest BITCOIN News, OKEx News, RIPPLE News, COINBASE News
Coinbase Launches Crypto Debit Card For US Customers
Coinbase announced that its US customers can now join a waiting list to purchase a Coinbase card

According to Coinbase, the new card will remove the middlemen and instead transfer funds to the card directly from the user's Coinbase account. In addition, the Coinbase Card supports nine currencies and converts them to US dollars before making purchases and ATM withdrawals.

Bitcoin stolen during the Kucoin exchange hack moves through the transaction mixer: Elliptic
Bitcoin associated with the September Kucoin crypto exchange hack is on the move, according to analyst firm Elliptic.

Avanti Financial Joins Kraken as Wyoming Approved Cryptobank
Avanti Financial's banking charter was unanimously approved by the Wyoming Banking Council

Caitlin Long is now the CEO of her own special purpose depository institution in Wyoming.
Avanti, like Kraken, now has to overcome several hurdles - raising more capital, for example - before being granted a certificate of authority to operate.

Peru studies cryptocurrency exchanges to figure out future laws
The pandemic is not stopping Peruvian lawmakers from trying out ways to regulate the crypto industry.

On October 26, the Peruvian regulator said research currently being conducted on local crypto exchanges will continue despite the COVID-19 pandemic as the country seeks ways to regulate the national crypto industry.

Application of the holder of the BitLicense SoFi for the creation of a national bank, conditionally approved by the USA
SoFi's application for the creation of a new national bank has been conditionally approved by the Office of the Comptroller.

In an announcement on October 28, OCC said that prior approval is conditional pending a thorough assessment of all available information.
SoFi Digital Assets, a division of SoFi, received a money transfer license last year, as well as a BitLicense from the NYC Department of Financial Services, which allows the division to provide services to buy and sell Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, litecoin and Stellar ...
SoFi conditional approval

Cambodia Launches Blockchain-Powered Interbank Platform
But don't call it CBDC, central bank officials say.

Amid the global race for central bank digital currencies, or CBDCs, Cambodia has officially launched a blockchain-based digital money transaction platform called Bakong.

“Bakong, a payment and remittance service through banks or microfinance organizations, was initiated by the National Bank of Cambodia,” said Dap-News on October 28. The Asian country's central bank has collaborated with a number of organizations.
Cambodia Launches Blockchain-Based Platform

Crypto Asset Manager Bitwise Reaches $ 100 Million Milestone
Bitwise Asset Management says the increased demand for bitcoin helped it surpass $ 100 million in AUM.

Cryptocurrency management company Bitwise Asset Management has announced that it has $ 100 million in assets under management.

Bitwise, which manages cryptocurrencies for professional investors, said it has reached an important milestone in part due to recent demand for its Bitwise 10 Crypto Index Fund, which tracks the top 10 cryptocurrencies. The company also said that 2020 was the year that institutional investors became more active in cryptocurrency, describing PayPal's decision last week to use digital assets as a "breakout."
Crypto Asset Manager Bitwise

AWOL Founder Controls OKEx One Signature Bitcoin Wallet
OKEx founder Xu Mingxing was abducted by the Chinese police a few weeks ago.

Chinese blockchain news site Jinse Caijing reports that OKEx's cold bitcoin cryptocurrency exchange wallet has a single signature, and its founder Xu Mingxing holds the private key.

Australia's first crypto-friendly IPO to host Tether
The Australian company is conducting the first initial public offering for crypto asset acceptance in Australia.

Australian crypto-friendly capital-raising platform Stax has announced that its client West Coast Aquaculture Group will host the country's first IPO that accepts virtual currency as payment.

SBI Holdings CEO Confirms Ripple's Plan to Move to Japan

SBI Holdings Yoshitaka Kitao confirmed that Ripple "views Japan as one of its headquarters" during its quarterly financial results briefing on October 28.

Ripple's plan to move to Japan

DOT Eyes Breaks To $ 5 After Bouncing Key Support
Polkadot bounces off support at $ 4.2 as buyers regain control of the price.

Polkadot has lost more than 7% of its value in the last 24 hours, making it one of the biggest underdogs in the market. The recent recovery from decisive support at $ 3.8 stalled before hitting $ 5. This was followed by a retreat when the DOT fell below 50 simple moving averages on the 4-hour timeframe.