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China doesn’t import enough from the U.S. to match President Trump’s tariffs dollar for dollar, but President Xi Jinping can still retaliate by squeezing American companies in other ways.
American businesses including Apple Inc., Walmart Inc., Boeing Co. and General Motors Co. all operate in China…
Ex-WWE superstar Vader has died … after a two-year battle with congestive heart failure. He was 63. Vader’s son broke the news on social media saying, “Around a month ago my father was diagnosed with a severe case of Pneumonia. He fought…
James Shaw Jr.’s still stoked Chadwick Boseman shouted him out at the MTV Movie & TV Awards … but his sights are set on a more prestigious prize as he continues his quest to make the world a better place. The Waffle House hero tells…
Corey Lewandowski had a brash — and incredibly callous — response to a story about a 10-year-old girl with Down syndrome being taken from her mother at the border … and it set off a fiery live TV exchange. Trump’s former campaign manager…
General Electric will be dropped from the Dow Jones industrial average next week, ending the industrial conglomerate’s more than 100-year run in the 30-company blue chip index, the AP reports. S&P Dow Jones Indices said Tuesday that GE will be removed from index before the open of trading next Tuesday….
The images Spenser Rapone posted on Twitter from his West Point graduation were intentionally shocking: In one, the cadet opens his dress uniform to expose a T-shirt with a blood-red image of socialist icon Che Guevara. In another, he raises his fist and flips his cap to reveal the message:…
St. Clement was said to have been put to death by being tied to a boat anchor and drowned. Just shy of 2,000 years later, what’s believed to be a piece of one of his bones has been presented to Westminster Cathedral. The path from there to here is…
U.S. stocks shrugged off early losses and wound up with a mixed finish Monday. Household goods companies took some of the worst losses as the Standard & Poor’s 500 index fell for the third time in four days.
The S&P 500 dropped as much as 22 points early in the day. Consumer products and packaged…
The stories covered in today’s edition of Bitcoin in Brief hail from all across the globe. In New York a major cold storage company has received a Bitlicense, in China there are new signs of crypto mania, and in Turkey bitcoin has made an appearance at a historic Istanbul market.
Xapo Receives Bitlicense
The New York Department of Financial Services (DFS) has announced it granted a virtual currency license to Xapo, the company providing wallet, cold storage, and bitcoin-based debit card services estimated to hold around $ 10 billion worth of BTC. With the Xapo approval, DFS has in total approved eight firms for virtual currency charters or licenses.
The regulator says it has conducted a comprehensive review of Xapo’s application, including the company’s anti-money laundering, anti-fraud, capitalization, consumer protection, and cybersecurity policies. According to the license, Xapo will be authorized to offer a digital wallet and a vault service, and be subject to ongoing supervision by DFS. Xapo President Ted Rogers said: “We are very pleased with the approval of Xapo’s BitLicense application. It is the end result of much hard work, not just by Xapo personnel but by the DFS and its staff.”
2000 New Chinese Crypto Foundations?
If anyone really expected that the Chinese government could keep its hordes of cryptomaniac citizens out of the market, they’re due for a rude awakening. According to reports from the giant Asian economy, at least 2,000 new crypto foundations have been set up by Chinese people in offshore jurisdictions, most of these to facilitate the trade of new ICO tokens. The main hubs for this activity are said to be in places offering quick and easy registrations such as Singapore, the Cayman Islands, and Malta. The size of each such foundation is estimated to range from tens of millions to tens of billions of Chinese yuan.
Would-Be Bitcoin Robbers Indicted
According to media reports from the state of Georgia, a group of would-be bitcoin thieves we previously reported on has been indicted by the Superior Court of Forsyth County on charges of conspiracy to commit burglary and robbery. The five young men, Justin Ellison, Trivette Adams, Matthew Schwartz, Jacob South, and Michael McDermont, conspired to break into a local home and steal nearly $ 1 million in bitcoin. They were formally charged last Monday, June 11, with counts of conspiracy to commit burglary and conspiracy to commit robbery by force.
Bitcoin Grand Bazaar
An image posted to Reddit a few days ago shows that bitcoin is now available in one of the largest and oldest covered markets in the world. A retail currency exchange shop has placed a bitcoin sign to attract the many shoppers and tourists that visit the Grand Bazaar every day. Turkey could be an ideal location for bitcoin adoption as the local fiat, the Turkish lira, has been on a downward spiral for a while now and the country is an international nexus for trade.
What do you think about today’s news? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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