Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 Million
BIGG Digital Assets, a Canadian crypto company, revealed this week that it bought 40 additional bitcoins for long-term treasury holding. The purchase increased BIGG’s reserves to 189.5 bitcoins valued at US$3.63 million in total. The Canadian Securities Exchange-listed firm spent about CAD$1 million ($775,000) on its latest buy. The company said it “believes strongly in the future of bitcoin, its store of value capability, and its...
Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next Year
SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year. According to a Dec. 9 press statement, the British bank is partnering with U.S. wealth and asset management firm Northern Trust for the project. Together, they will launch a new business called Zodia Custody. The deal is still subject to registration with the U.K. Financial...
Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis, US Sanctions
More cryptocurrency solutions keep appearing on the scene for Venezuelan residents as U.S. sanctions weigh on Nicolás Maduro’s government, including heavy restrictions on the circulation of foreign exchange transactions, driving people to find on crypto a way to circumvent such hurdles and the economic crisis. Venezuelan Freelancers Find Ways to Circumvent U.S. Sanctions by Using Crypto Venezuela Workers, a Venezuelan freelancing...
Controversial Copyright Legislation May Show Up in ‘Must Pass’ US Spending Bill
Next week, US lawmakers are expected to present the spending bill that keeps the government running. This ‘must pass’ legislation, also known as the appropriations bill, is often padded in order to get unrelated proposals passed before the end of the year. While the official content remains unknown at the time of writing, several groups and organizations are already sounding the alarm bell. Based on sources, there is fear that several...
Spanish Piracy Giant Movidy Shuts Down, Owner Too Sick to Continue
There has never been any shortage of Spanish-focused piracy sites. Many sprang up in the eDonkey days but the rise of torrent sites was perhaps most notable, with local law struggling to have much impact on their use. Of course, streaming is now the ‘new’ big thing in Spain as it is elsewhere, with sites like Movidy.co attracting large volumes of traffic. But for this movie and TV show streaming platform the show is now over after its...
