Jersey City mayor to invest pension fund in Bitcoin ETFs

Jersey City Mayor Steven Fulop plans to invest pension funds in Bitcoin ETFs. Fulop likens the investment to Wisconsin Pension Fund’s 2% crypto allocation. SEC-approved Bitcoin ETFs see minimal adoption by major financial institutions.

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Hong Kong Makes History: Asia’s First Bitcoin And Ether ETFs Surge On Debut

Hong Kong rolled out the red carpet for cryptocurrency enthusiasts this week with the launch of Asia’s first spot Bitcoin and Ether Exchange Traded Funds (ETFs). The debut marks a significant step for the city, aiming to solidify its position as a global digital asset hub and attract a slice of the booming crypto market. […]

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Hong Kong Poised to Lead Asia with Spot Bitcoin ETFs Approval In April

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More Hong Kong Crypto ETFs Open for Trading, But Only for Deep-Pocket Customers

UBS Group AG and HSBC are now allowing their wealthy clients in Hong Kong to trade select crypto-linked exchange-traded funds (ETFs), aligning with the city's aim to become a digital asset hub. The post More Hong Kong Crypto ETFs Open for Trading, But Only for Deep-Pocket Customers appeared first on BeInCrypto.

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HSBC unveils bitcoin and ethereum ETF in Hong Kong

HSBC, one of Hong Kong's largest financial institutions, has made history by enabling its clients to trade bitcoin and ethereum Exchange-Traded Funds (ETFs), becoming the first bank in the city to do so.

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CFTC Takes Action Against New York Resident for $21M Crypto Pooling Scam

The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool participants' funds.

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CZ predicts crypto funds moving to Hong Kong

Binance CEO Changpeng Zhao has predicted that Hong Kong will become a significant destination for crypto funds, as the city offers a favorable regulatory environment, a solid financial system, and a connection between China and the rest of the world.…

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FTX, Liberty City Lead $20M Raise for Dev Platform DoraHacks

The hackathon startup will use the funds to launch an NFT-focused venture fund, among other things.

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Miami Mayor Says Holding Bitcoin on The City’s Balance Sheet is A ‘Major Priority’

Miami Mayor Francis Suarez reiterated this week that it is “a major priority” for the city to invest a portion of their funds in Bitcoin. “It's a major priority for me because I want us to differentiate ourselves as a crypto capital of the United States or of the world.

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Miami Accepts $4.5 Million Donation From City’s Cryptocurrency Project MiamiCoin

Miami City’s Mayor and the City of Miami Commission voted on Monday to accept $4.5 million worth of MiamiCoin cryptocurrency, which is reserved for the city by the design of the protocol. Mayor Francis Suarez wrote on Twitter that the funds will be used to directly impact the lives of Miami residents. “The @CityofMiami decision […]

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Miami Commissioners Green-Light $4.5M in MiamiCoin Crypto Funds

The City of Miami Commission voted to withdrawal $4.5 million in MiamiCoin contributions that will be used for local projects. The post Miami Commissioners Green-Light $4.5M in MiamiCoin Crypto Funds appeared first on BeInCrypto.

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Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals

Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa.

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Venezuela Pres. Maduro Still Trying to Promote Petro With International Crypto Casino Launch

Nicolas Maduro has at long last authorized the opening of an International Casino in a luxurious Hotel, in the city of Caracas. The casino will be in support of the Petro (PTR) and Public. This means that the casino will operate with Venezuela’s cryptocurrency Petro and the funds will be used to support the public […]

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Florida city that paid $500,000 Bitcoin ransom, fires IT director

Lake City, the Florida city that paid a $500,000 Bitcoin ransom last week, has fired an employee following the debacle. In an interview with local television, the city manager of Lake City, Joe Helfenberg, said the city’s director of information technology has been fired.

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Op Ed: 3 Reasons Why Crypto Has an Exchange Problem

While the Crypto Winter may be lingering with us into the spring, crypto exchanges are doing just fine. According to CoinMarketCap, there are now 255 major crypto exchanges.

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Police bust potential Bitcoin money laundering scheme in Brazil

Brazilian police have arrested a man on suspicion that he was running a drug trafficking ring and laundering funds using Bitcoin. According to a local report, law enforcement officials found a clandestine drug laboratory containing Bitcoin mining equipment in Porto Alegre, in southern Brazil, and arrested the unnamed man yesterday.

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Tallahassee Payroll Account Loses Nearly $500,000 Due to Suspected Cyberattack

Nearly $500,000 has been diverted out of a city of Tallahassee payroll account and the suspected culprit is a cyber attack on the city’s human resources management application. City spokeswoman Alison Faris reported that “There is no indication of any impact to external city customers or vendors.” The funds were supposed to be used for […]

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San Francisco’s “Bitcoin Mafia”: How Bitcoin Started in the City on the Bay

The early Bitcoin community in San Francisco was originally comprised of revolutionaries: Individuals who believed in the freedom and opportunity that a permissionless distributed system would bring the world.

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Thailand Uses Blockchain-Supported Electronic Voting System in Primaries

Thailand's Democrat Party has become the first political party to use blockchain technology to elect its leaders in a primary election, which was held from November 1–9, 2018.

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This Week in Cryptocurrency: October 12, 2018

This week in cryptocurrency: Gemini keeps funds safu, Soulja Boy becomes relevant again, and the city of Seoul is getting smart. Read all about it here. The post This Week in Cryptocurrency: October 12, 2018 appeared first on CoinCentral.

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With the CBAC, East Meets West in Search of Adoption and Innovation

The noise that surrounds economic relations between the United States and China is amping up exponentially. You can thank the latest trade wars for that, as fresh tensions boil over between the two nations who are currently trading new tariffs on imports, with no shortage of ill will underpinning the moves.

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Texas State Securities Board Hits Russian Hoaxers with Cease-and-Desist Orders

Texas Securities Commissioner Travis J. Iles has issued emergency ordinances against three separate fraudulent cryptocurrency schemes linked to Russian scammers. The orders were issued on September 18, 2018, against DGBK Ltd.

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British Football Clubs Planning to Launch Their Own Cryptocurrencies

Newcastle United and Cardiff City, two English Premier League football teams, would be considering the issuance of an ICO as a means to obtain additional funds to improve their squads and stay in the first division of the English league.

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Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12. 7 million through a digital token fund, according to reports from the South China Morning Post (SCMP).

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Librarian blew $89k in city money on free mobile game

I’m consistently amazed by the lengths people will go to for their free-to-play mobile games. In this case, a librarian in Utah managed to blow thousands of dollars on Game of War. According to the Herald Journal, the former librarian, Adam Winger, used city credit cards to fund his digital addiction.

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Vietnamese Government Bans Mining Hardware Imports

Following a high-level proposal in July to ban the importation of all cryptocurrency mining equipment into Vietnam, the Vietnamese Customs Department has announced a total ban on all mining rig imports, according to a local news outlet.

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Hong Kong is seeking to increase DLT usage in commercial funds

Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, is planning to work with regulators in Abu Dhabi to develop a cross-border trade finance system that is built with distributed ledger technology (DLT).

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Ukrainian Police Arrest Four People for Running Fake Crypto Exchanges

The Ukrainian National Police announced the arrest of four suspects, who reportedly ran six fake cryptocurrency exchanges in the country. They were arrested last week from Dnipro city, after which their homes were raided, and several computers and smartphones were seized.

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Asian Town Creates Disarray with Computerized Resource Trade Proposition

The municipal government of Chongqing city, China, is mulling the formation of a “blockchain digital asset exchange,” but no one is quite sure what it means. Apart from attracting more specialized talent with additional funds, the notice said it will focus on building a blockchain ecosystem, which most notably included “establishing a blockchain digital asset exchange.”

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Swiss Bank to Allow Business Accounts for Crypto Companies

Switzerland’s mortgage bank Hypothekarbank Lenzburg (Hypi) has announced that it will open business accounts for crypto companies. While cryptocurrency and blockchain technology have been widely accepted in Switzerland, the banks have not been as friendly.

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Jason Attar Takes Cryptocurrency to the Big Screen in New Mockumentary

Award-winning comedian, actor, writer and director Jason Attar is once again heading for the big screen with his new project KevCoin: The Movie. A follow-up to his previous film One Night in Powder, Attar will don the guise of his infamous character Kevin Powder — a rock star “fixer” who’s constantly trying to reinvent himself through wild schemes — and take on the world of digital finance as he seeks out fame and riches.

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