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Kraken Cryptocurrency Exchange Adds Support For the Swiss Franc

News San Francisco-based cryptocurrency exchange Kraken is adding support for its latest fiat asset, the Swiss franc (CHF). According to a blog post on Dec. 5, Kraken said that in collaboration with Liechtenstein-based Bank Frick, the Swiss franc will join the roster of fiat currencies that Kraken..

Known Crypto-Hater Sherman to Chair Congressional Subcommittee on Investor Protection

News The anti-crypto United States Congressman Brad Sherman (D-CA) has been elected to serve as Chairman of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. On Dec. 5, Chairwoman of the House Financial Services Committee Maxine Waters (D-CA) announced that Sherman was..

Texas-Based Data Center CyrusOne Hit by Ransomware Attack

News Texas-based data center provider CyrusOne has reportedly fallen victim to an attack from REvil (Sodinokibi) ransomware, business tech-focused publication ZDNet reported on Dec. 5. One of the largest data centers in the United States, CyrusOne has reportedly been exposed to an attack by a vari..

Fintech Arm of Chinese Insurance Giant Shoots for $500M IPO in US

News OneConnect, the financial technology subsidiary of Chinese insurance giant Ping An, has updated its filing for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). According to an F-1 filing dated Dec. 2, the firm is looking to sell $500 million wo..

Bakkt CEO Kelly Loeffler Appointed to US Senate Seat

News Georgia Governor Brian Kemp has appointed Kelly Loeffler, CEO of institutional Bitcoin (BTC) futures platform Bakkt, to a United States Senate seat. With the appointment, Loeffler will replace Sen. Johnny Isakson (R-GA), who plans to retire at the end of the year, the Washington Post reported..

Gemini Hires Former Starling Bank Exec for Push Into Europe

News Gemini, the top global cryptocurrency exchange per CryptoCompare’s latest Exchange Benchmark, hired a former senior executive from United Kingdom-based Starling Bank. Julian Sawyer, a former CEO and co-founder at Starling, will now lead Gemini Europe — the European affiliate of Gemini Trust C..

Saxo Bank’s Outrageous Prediction 2020: Asia Launches DLT-Based Asset

News Major Danish bank Saxo Bank has predicted that Asia will launch its own blockchain-based digital asset in its new report of smashing predictions for 2020. The latest edition of “Outrageous Predictions” by Saxo Bank also forecasts that President Donald Trump will likely lose the 2020 elections..

SoFi Obtains BitLicense to Offer Crypto Trading Services in New York

News California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services (NYDFS), the regulator said in a statement on Dec. 3. SoFi is now one of 24 crypto-related firms that have obtained a BitLicense since 2015, Bloomberg Law’s crypto reporter ..

Former Charlie Shrem Attorney to Represent Arrested Ethereum Dev

News Renowned trial attorney Brian Klein has revealed he will represent Virgil Griffith, the developer recently arrested for participating in a blockchain conference in North Korea. In a tweet posted on Dec. 3, Klein stated that his client disputes the “untested allegations in the criminal complai..

Former CFTC Chair to Remain Focused on Crypto and Blockchain at New Law Firm

News Former United States Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo was hired as senior counsel at the New York-based law firm Willkie Farr & Gallagher. Digitize the dollar and take power away from central banksOn Dec. 2, Reuters reported that Giancarlo in his new role a..

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