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Interview: Betting Association Founder Gives His Take on the Worldwide Betting Phenomenon and It’s Problems.

Betting, in general, had and still has issues in different areas of the spectrum – from irrationally high fees that gambling organizations put on their bettors, to an abnormal inequality between winning and losing players. Today, we had an opportunity to speak with Lithuanian Betting Association founder and chairman Deividas Snapkauskas. We asked him to give his take on the betting scene in Lith

Spokesperson Confirms Bitfinex Is Client of ING

Finance Major Dutch financial services company, ING, has confirmed that Bitfinex holds an account with the company in the Netherlands. The bank issued a statement regarding its relationship with Bitfinex after Dutch-language website Follow the Money published a report revealing that ING is providing financial services to Bitfinex last week.Also Read:

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Friend or Foe: Inside Poland’s Strange War on Cryptocurrencies

On the list of anti-cryptocurrency countries, Poland has never really stuck out. In fact, there has been enough evidence to suggest that the Eastern European country was moving towards embracing Bitcoin and Blockchain technology.However, a recently uncovered smear campaign by the NBP (National Polish Bank, or Central Bank) has thrown that all out of alignment. The NBP has admitted to paying a numb

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Major Banks Partner With R3 Blockchain Alliance To Launch Pilot Trade Platform

An initiative involving R3, a Blockchain consortium made up of over 100 financial institutions, trade finance platform TradeIX, and a group of leading global banks announced the pilot launch of their trade finance platform, according to a press release Wednesday, Feb. 21.The press release explains that the solution is based on R3’s distributed ledger technology (DLT) product Corda. The end goal

Bafin Clarifies Stance on ICOs as More Germans Ask About Tokens

Economy & Regulation Germany’s financial regulator has clarified its position on initial coin offerings. Bafin admitted it was receiving many inquiries about the status of tokens and cryptocurrencies distributed to investors through ICOs. The federal agency advised interested parties to refer to regulations applicable to traditional financial i

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Coinbase Addresses Recent Issues and Future Payment Support Plans

Coinbase is a very hot company as of right now. That is not always for the right reasons either, unfortunately. The company recently provided a product update to explain what the future holds for this firm as of right now.Addressing Recent Coinbase Issues and ReportsThe year 2018 has been rather eventful for Coinbase in many different ways. Perhaps the biggest issue is how the company got caught u

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Ripple Expands its List of Partners With Five More

Not many other blockchain companies can boast new partners on a weekly basis. Ripple is one that can and, love it or hate it, the San Francisco based global payments provider has added to that list of over a hundred with five more this week.In addition to banks in Brazil and India, Singaporean and Canadian money transfer service providers have also joined ranks with Ripple. According to reports Br

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Cryptocurrencies NEO And Stellar Added To eToro Platform – Newsbtc

Global trading and investment platform eToro has announced that NEO and Stellar (XLM) are the latest cryptocurrencies to be added to the site. As of Monday, 19th February, 2018, eToro’s nine million users will be able to trade an impressive total of nine cryptos.The decision to introduce these two exciting altcoins is a response to the growing demand for diversification in this increasingly popu

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What SegWit Means for Bitcoin, Bitfinex, Lightning Network

SegWit AdoptionSegWit adoption has been steadily rising since its release in August 2017, albeit not as quickly as some would like. The problem is that it has to happen piece by piece, with each wallet, exchange, or other service provider rolling out the compatible address itself. Because each organization has both its own type of process — as well as its own issues — SegWit ado

South Korea Supports ‘Normal’ Cryptocurrency Transactions

Regulation The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them.Also read: Indians Look to Buy

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