Thursday, February 21, 2019
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Fidelity to Reportedly Launch Its Crypto Custody Business in March

Fidelity Investments isn’t wasting much time in following through on its latest cryptocurrency initiative. The financial services giant will reportedly launch Fidelity Digital Asset Services in March. The news comes less than four months after Fidelity first announced the creation of the new company, which will provide custody and trading services

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Bank Blockchain Consortium Targets Improvements to Small Business Financing

Banks in India are collaborating on a new blockchain platform to remove financing hurdles for micro, small and medium size businesses (MSMEs), local daily news outlet Economic Times reported Jan. 28.A total of eleven banks — including second-biggest lender Kotak Mahindra Bank, State Bank of India and ICICI Bank —

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Bitmain Exits Amsterdam Citing Focus on Long-Term Scalable Business Strategy

Cryptocurrency mining giant Bitmain Technologies has opted to reduce its operations in the Netherlands, the company said in a statement on Jan. 14.Bitmain, which in November announced the first in what has become a series of cost-saving measures by shutting down a blockchain development center in Israel, said the move

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Thai Ministry of Finance Gives Digital Asset Business Licenses to Four Firms

The Thai Ministry of Finance has issued digital asset business licenses to four crypto-related firms, according to a notice published by the country’s Securities and Exchange Commission (SEC) Jan. 8.According to the announcement, the licenses were issued by the finance ministry “under the recommendation of the SEC Board.” The four

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E-commerce Giant DMM Shutters Crypto Mining Business Due to Declining Profitability

Japanese e-commerce conglomerate DMM.com Ltd. will shut down its crypto mining business, citing deteriorating profitability as the main cause. Local business magazine Toyo Keizai reported the shutdown on Dec. 30.The decision was reportedly taken in September 2018, and initial steps to dismantle mining operations — including selling the company’s mining

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