Industry News

Thiel Supported Crypto Exchange Receives New York BitLicense

He took a BitLicense, which allows Paypal's founding partner and a crypto tool, supported by Bitcoinist billionaire Peter Thiel, to do business in New York.

Tagomi Trading, LLC is the last company sought after the green light sought from the Financial Services Department. New Jersey first applied for seven months.

AS PARTICIPANTS

Tagomi CEO and former Goldman Sachs manager Greg Tusar commented on Tagomi's regulatory approval, saying he is eager to start.

The executive said:

The number of customers opened in New York is an important opportunity. We definitely have a customer community that we would like to make onboard for this approval.

The firm operates by taking merchant orders and calling the lowest price on multiple exchanges. Tagomi will also add margin trading, short circuit and lending to the platform. Supported currencies include Bitcoin, Ethereum, Bitcoin Cash and Litecoin - the company will also receive approval for additional currencies.

Tagomi has raised a total of $ 27.5 million from a number of investors, including Pantera Capital, the Founding Fund of Peter Thiel, and BitOoda.

In statements made, BitOoda said:

BitOoda has worked closely with Tagomi last year and has great respect for Greg, Jenn, Marc and the rest of the team. We are excited to see regulators who have met their hard work and need the need for these enterprise quality solutions.

NYDFS approval is important because it provides Tagomi with access to New York-based financial institutions and funds.

The BitOoda team also said that Tagomi is gathering to exchange liquidity and tight form among OTC markets.

BitOoda, who described the NYDFS regulators as di open-minded and curious NY, expressed the company's support for the regulation. The team added that the lack of transparency and regulation prevented only adopting.

The biggest obstacle to avoiding the adoption of larger crypto money money is that there is no fair, transparent and safe market for bigger players. Companies such as Tagomi and BitOoda are able to alleviate market problems on a daily basis by offering customer-focused agency services and acting as regulators, while companies such as BitGo and Fidelity create corporate trust in custody.

BİTLİC France

Q: How to get a New York BitLicense?

A: Very

FACT: Of the hundreds of applications received over 7 years, only 14 were approved. Krakken gave up. UpHold is still 'pending'.

One of the first to receive a license? Ripple Labs subsidiary, XRP II.

BELIEVE BEL pic.twitter.com/bwtiobxt5c

- Cryptopolis (@cryptopolis_x) February 12, 2019

NY BitLicense has been poorly focused in the past because it was overly restrictive, and the Kraken and ShapeShift exchanges left for New York to escape regulations.

Jesse Powell, the CEO of Kraken, made devastating remarks when comparing organizers in New York to a abusive former. However, although restrictive, BitLicense has the obligation to have firms that want to trade crypto currencies in New York's financial center, where Wall Street is located.

Robinhood and LibertyX received BitLicense earlier this year. Robinhood confirmed the organizers are planning to launch new initiatives in New York this year, describing them as very useful.

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

Blockchain News

Visa Launches Global Cross-Border Payment Network for Some Aspects of Blockchain

Visa, Blockchain'in Bazı Yönlerine Yönelik Global Sınır Ötesi Ağı Başlattı

Visa, the US payment giant, has launched a cross-border payment network derived from some aspects of Blockchain technology.

“Visa B2B Connect” The network is designed to facilitate international exchanges by global financial institutions, enabling direct interbank payments between businesses.

Visa's Global Cross-Border Payment Network

According to the report, the network already includes 30 trade channels worldwide to enable faster and cheaper cross-border payments and is expected to expand to 90 markets by the end of 2019.

Visa B2B Connect includes elements of the open source distributed accounting technology (DLT) Hyperledger, which was developed in part by a group led by the Linux Foundation. blockchain technology.

Kevin Phalen, managing director of Visa Business Solutions, reported in particular that some aspects of blockchain technology are used because of the ability to transfer more data on a payment than any existing payment system.

The network is a collaboration with e-payment operator Bottomline Technologies and fintech, FIS, as well as collaboration with the world-class IBM. It was reported that Visa initially worked with a cryptographic notebook systems manufacturer to improve the product.

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Source: Cointelegraph