Monthly Archives: January 2015

UK Exchange Launches with Backing From Regulated E-Money Firm

The team behind a regulated e-money issuer has launched a bitcoin exchange called Digital Securities Exchange (DSX).

The issuer, ePayments Systems Ltd, has been an authorised electronic money institution with the UK regulator, the Financial Conduct Authority, since last JulyePayments Systems has in turn made DSX its agent.

The move is meant to position DSX to capture the market for sterling-bitcoin trading, said Mike Rymanov, who founded and leads both ventures.

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DigitalBTC Dissolves Bitcoin Mining Agreement with CloudHashing

Australian bitcoin company digitalBTC has dissolved a supply agreement with cloud mining service CloudHashing.

Under the agreement, which was finalised in March, CloudHashing was to run digitalBTC hardware in data centres in Iceland and Texas to mine bitcoins.

Today, however, digitalBTC announced that it was pulling out of the deal, filing an announcement with the Australian Securities Exchange (ASX) that stated the companies had agreed to dissolve the supply deal.

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Reddit Lets Go Cryptocurrency Engineer

Ryan X Charles has been let go from his post as cryptocurrency engineer on social platform Reddit.

The developer, who only this week demonstrated his proof of concept for peer-to-peer bitcoin payments on the site, announced the news in a Reddit post, saying:

“I have complete confidence in the new leadership, but cryptocurrency is no longer in their plans. “

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New Exchange Protects User Funds with Segregated Bank Accounts

Hong Kong-based exchange Gatecoin has launched after a lengthy setup process, promising segregated bank accounts for customers in 40 countries across five continents.

The company says it is the first to offer this kind of security, which is common in the non-crypto forex exchange world. This means customer funds are kept in separate bank accounts to the company’s own funds, and thus can have funds returned in the case of a force majeure financial event that depletes company reserves.

Gatecoin is a licensed Money Services Operator in Hong Kong. It offers bitcoin trading in USD, EUR and HKD through its low-latency matching engine, and plans to implement Ripple in the next few weeks.

Continue reading at CoinDesk