Industry Report: Poloniex Ditches NH, Santander Embraces Ethereum
Poloniex exiles New Hampshire, Santander joins hands with Ethereum, and a new copper gadget offers digital payments. Want to catch up on your latest digital currency and tech news? Read the stories below. POLONIEX. Digital currency exchange Poloniex is suspending all services in New Hampshire thanks to new license-based regulations and requirements. Poloniex is giving New Hampshire customers until October 6 to withdraw their funds. Anyone who misses the deadline will have “view-only” access until relations are re-established in the “Live free or die” state. Poloniex has announced it is....
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A recent report by Banco Santander discusses the potential impact of Bitcoin adoption on Brazilian banking and financial sector. The number of reports discussing Bitcoin’s impact on mainstream banking and financial sector is overwhelming. Adding to the list is yet another report focused on Brazil, published by Banco Santander. The report titled “Brazil: Banks and Financial Services – To Bitcoin or Not to Bitcoin?” is a result of last month’s meeting with Banco Santander, Mercado Bitcoin — the leading Latin American Bitcoin exchange and local investors. The meeting revolved around the....
Ethereum, the second cryptocurrency by market cap, is about to enter a new era. In September, Ethereum will complete its transition from a Proof-of-Work (PoW) consensus to a Proof-of-Stake (PoS) consensus blockchain. This event will forever change the crypto industry and the Ethereum ecosystem. Leading crypto exchange Poloniex, the first trading venue to support Ethereum […]
Santander, a part of the Spanish Santander Group is now using the Ethereum Blockchain to develop a public digital cash system using the Ethereum Blockchain. Santander officials confirmed this project which will make the bank the first to use an existing public Blockchain for issuing digital currency. The project was announced by Ethereum developer and founder of Ether.camp, Roman Mandeleil at Devcon-2 during a panel talk on Sep 20. Santander’s goal is to issue digital bank notes to the Blockchain community to encourage development and use of the token. This digital cash should be....
Spanish banking giant Santander is working on a project that explores how it could digitize customer cash using the public ethereum blockchain. Revealed today during a panel talk at Devcon2 by Ether.camp founder and ethereum Java client developer Roman Mandeleil, the news was confirmed by representatives of Santander. In statements, Santander said its goal is to open up its bank-issued funds to a community of innovators as a way of tapping additional efficiencies. Given the recent deluge of proofs-of-concepts and consortium announcements, Santander's move to potentially issue digital cash....
The Ontario Securities Commission (OSC) published documentation on Tuesday that claims the Seychelles-based crypto exchange, Poloniex has failed to contact the OSC in order to start compliance discussions. Poloniex meets the OSC’s jurisdiction because the trading platform operates trading accounts for Ontario residents, the OSC’s breach and conduct report notes. OSC Says Poloniex Failed to Communicate With the Ontario Regulator According to Ontario’s top financial regulator, the Ontario Securities Commission (OSC) sent out communications to crypto-asset trading platforms....