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| December 12, 2018

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AT&T Plans 3-Tiered WarnerMedia Streaming Service to Take On Netflix

November 30, 2018 |

AT&T, trying to reassure investors it can capitalize on its big acquisition of Time Warner, plans to offer three versions of a new streaming video service next year that will feature original movies and television series from Warner Bros., Turner and HBO.
WSJ.com: US Business

Dad Prepping to Take Kids to School Dies in Garage With Son

November 30, 2018 |

A heartbreaking story out of Kentucky, where a father and his 3-year-old son died of apparent carbon monoxide poisoning Wednesday morning; the man’s 7-year-old daughter is in critical condition. Juvenal Garcia Mora, 39, was found unresponsive inside his garage but not in his car; the children were inside the car….
Newser

Roger Stone Associate May Take Plea With Mueller

November 23, 2018 |

A conservative writer and associate of Trump confidant Roger Stone said Friday that he is in plea talks with special counsel Robert Mueller’s team. Jerome Corsi told the AP he has been negotiating a potential plea but declined to comment further. He said on a YouTube show earlier this month…
Newser

Stocks slip in Europe, Asia as U.S. markets take Thanksgiving off

November 22, 2018 |

U.S. equity futures dropped alongside European stocks on Thursday in a subdued day of trading thanks to the American Thanksgiving holiday. The pound jumped and the euro strengthened after Britain and the European Union had a breakthrough over the Brexit deal.

U.S. markets were closed for the holiday…


L.A. Times – Business

CNN

They’re steps away from the US border. But crossing it legally could take weeks

November 15, 2018 |

Large groups of Central American migrants who trekked across Mexico and hope to seek asylum in the United States are starting to arrive in the border city of Tijuana. But their journey is far from over.
CNN.com – RSS Channel – Regions – Americas

Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense

November 15, 2018 |

Canadian Court to Seize Quadrigacx Funds, NYDIG Secures 14th Bitlicense

In recent regulatory news, a Canadian court plans to take custody of $ 19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulators have granted the 14th Bitlicense to New York Digital Investment Group, and it has been alleged that the authorities in China have threatened to cut off electricity to miners in Yunnan Province for failing to pass compliance checks.

Also Read: Isle of Man Updates Registration Rules for Cryptocurrency Businesses

Provincial Court Takes Custody of Quadrigacx Funds

Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets 14th BitlicenseThe Ontario Superior Court of Justice has moved to take custody of funds owned by Canadian cryptocurrency exchange Quadrigacx that were frozen by the Canadian Imperial Bank of Commerce (CIBC). The frozen funds include $ 69,000, as well as 25.7 million Canadian dollars ($ 19.43 million). The bank froze the money due to what it saw as competing claims to the funds.

“CIBC has met the onus of establishing that there is a real foundation for the expectation of competing claims with respect to the disputed funds,” said Judge Glenn Hainey, who is presiding over the case. He ordered CIBC to pay the disputed funds to the Accountant of the Superior Court to await the outcome of the proceeding.

New York State Grants 14th Bitlicense to NYDIG

The New York State Department of Financial Services has announced that NYDIG Execution, a subsidiary of New York Digital Investment Group (NYDIG), has become the 14th company to be granted a Bitlicense.

Robert Gutmann, the chief executive officer of NYDIG, stated: “NYDIG is pleased to receive these regulatory approvals and we look forward to providing secure and transparent liquidity, custodial and asset management services to the institutional market.”

China May Cut Power to Miners in Yunnan Province

Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets 14th BitlicenseRed Li, the co-founder of 8btc, recently posted a tweet suggesting that the Chinese authorities are ramping up compliance checks and tax inspections for mining farms. Li’s tweet stated that “mining facilities in Yunnan Province are facing another round of compliance check[s].” Li added that failure to adhere to the inspections would result in miners’ electricity being “cut off from the grid.”

The news follows the recent publication of a statement by an anonymous mining company claiming that its mines in China’s Guizhou Province and the Xinjiang Uyghur Autonomous Region have been temporarily suspended for tax inspections and to implement real-name registration processes.

How do you expect the dispute over Quadrigacx’s frozen funds to be resolved? Share your thoughts in the comments section below.


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense appeared first on Bitcoin News.

Bitcoin News

After Years of Denial, Ex-King Must Take Paternity Test

November 5, 2018 |

Belgium’s former king has to undergo a paternity test. Per the Telegraph , a mandate just handed down by a Brussels appeals court will force King Albert II, who gave up his crown in 2013 so his son Philippe could sit on the throne, to have his saliva tested to see…
Newser

Italy’s Economy Struggles as Tensions With EU, Market Worries Take Toll

November 4, 2018 |

Italy’s political tensions with the European Union and the accompanying financial jitters are beginning to take a toll on the Italian economy, the latest data suggest.
WSJ.com: What’s News Europe

Coca-Cola to Take It Slow on Marijuana

November 1, 2018 |

The company says it will wait until scientists agree on the safety of cannabidiol before adding it to its products.
WSJ.com: US Business

TMZ

George Clooney and Rande Gerber Take Control at Casamigos Vegas Halloween Party

October 28, 2018 |

George Clooney and Rande Gerber hosted a wild Vegas Halloween party Saturday night, which began with the 2 men at the controls of a jet that flew partygoers from L.A. to Sin City. The guys took over Catch Las Vegas and converted the space into a…

TMZ.com