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BitReserve Foundation Presents a Revolutionary Stablecoin, BRUSD, at BTCWires Summit in London
BitReserve Foundation Presents a Revolutionary Stablecoin, BRUSD, at BTCWires Summit in London
LONDON, UK / ACCESSWIRE / March 30, 2019 / On March 23rd, the BitReserve Foundation appeared at its first showcase event in London to present its revolutionary stablecoin, BRUSD. The event, BTCWires Summit London, was an eventful start of the campaign to get both the financial world, and the blockchain industry to know about BRUSD. The BitReserve Foundation was a proud sponsor for this event…
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The Bitcoin Group #80 - Bitreserve Rebranding - Blockstream Liquid - BTC $260 - t0 $10M
The Bitcoin Group #80 – Bitreserve Rebranding – Blockstream Liquid – BTC $260 – t0 $10M
Donate: 18EQEiQBK1X2DyDL5Y18j78iw4NuNHoLej Save 20% off Amazon with Bitcoin at
THIS WEEK: —————————-
Rebranding As Uphold, Bitreserve Says Goodbye To Bitcoin
Blockstream Announces Liquid – The First Sidechain For Bitcoin Exchanges
Bitcoin Price Breaks $260 to Hit Two Month High
NYC-based hedge fund Clique secures $10m using Bitcoin blockchain
then Questions and Answers from the Audience!
and…
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For Those Who Are Looking To Earn Bitcoins On A Daily, Even Hourly Basis.
CLICK HERE TO SEE IT ===>>> https://tinyurl.com/safeguardtheirfinancialfuture <<<===
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Uphold support phone number +1-888-2648-794 Uphold was previously known as Bitreserve. It is a cloud-based digital money stage
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BitReserve Foundation Incorporates in Singapore Press Release - updated: Apr 1, 2019 22:34 HKT SINGAPORE, April 1, 2019 (Newswire.com) - BitReserve (a.k.a.
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New Post has been published here https://is.gd/jzkXQW
Payments Startup Uphold to Use Ledger Vault
This post was originally published here
French crypto hardware firm Ledger will provide its technology to American payments startup Uphold to improve security, according to a press release shared with Cointelegraph on May 13.
Formerly known as Bitreserve, Uphold will reportedly incorporate Ledger’s institutional custody platform Ledger Vault to boost its anti-hack protection by adding an additional layer of security.
J. P. Thieriot, co-founder and CEO of Uphold, said that Ledger Vault integration was mainly driven by customer demand for thorough security measures.
According to the press release, the integration of Ledger’s tech will enable a number of key benefits for Uphold, including a multi-authorization governance model, support of new ERC-20 stablecoins and other proxy assets such as the Universal Protocol-based tokens, among the others.
Ledger Vault first rolled out in May 2018 as a digital asset security tool targeting institutional investors. The firm subsequently announced that it was expanding its business to New York in November 2018, also appointing a former Intercontinental Exchange (ICE) executive as head of global operations.
Recently, Ledger announced that Canadian crypto exchange National Digital Asset Exchange (NDAX) would use Ledger Vault to secure its assets.
Yesterday, major crypto exchange Binance announced that the platform was planning to fully resume deposits and withdrawals, following a major hack that resulted in the loss of $40 million worth of bitcoin (BTC).
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New Post has been published here https://is.gd/jzkXQW
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Uphold Buys a New York Broker-Dealer to Offer Securities Trading Services
As many cryptos such as Ripple fight to prevent their native digital tokens from being classified as securities by the SEC, other stakeholders are preparing for the worst. One of them is Uphold, a cloud-based digital money platform that allows its users to send and receive eight cryptocurrencies as well as over 30 other fiat currencies. Acknowledging that many cryptos are likely to fall under securities laws, Uphold has agreed to acquire New York-based broker-dealer JNK Securities Corp. If successful, the move will give Uphold the ability to offer its clients securities for trading, a service that will become all-important once the SEC makes its long-awaited decision.
The Race to Be the Pioneer Platform
Founded in 2013 as Bitreserve, Uphold has continued to reinvent itself as it aims to become a pioneer digital money platform, and the acquisition is the latest in a series of moves towards this. The acquisition will give Uphold an advantage over most platforms as noted by the company’s CEO, Adrian Steckel, in a statement to Bloomberg:
Many crypto assets (particularly ICO tokens) may be treated as securities in some cases. Through Uphold’s new securities division, the digital currency platform would be able to offer sales and trading of ICO tokens and fractional equities and provide other exchange services.
The deal still requires approval from the Financial Industry Regulatory Authority, but that is expected to be just a formality. Once the company gets the go-ahead, it intends to apply to the SEC for a license to operate as an alternative trading platform. This would enable Uphold to offer many of the services offered by regular stock exchanges.
The move couldn’t have come at a better time for the Charleston, South Carolina-based company, with the looming decision by the SEC on which cryptos qualify as securities hovering over the crypto industry. While Bitcoin has been absolved by the SEC chairman, many other cryptos are still eagerly awaiting the decision. Ether also made the cut, according to an SEC director, as according to him, it’s “sufficiently decentralized.” The crypto that is facing the most scrutiny due to its unorthodox structure is XRP, with many being of the opinion that it’s a security since there is a central entity whose efforts determine the success of the token.
Uphold is not the first player in the crypto industry that has made such a move, with Coinbase and Circle both having done something similar earlier this month. Circle was first, announcing that it was in talks with the Financial Industry Regulatory Authority in regards to obtaining a brokerage license. While the Goldman Sachs-backed company was also applying for a federal banking license, it chose to first seek the brokerage license as it’s easier to obtain.
Coinbase announced a similar move barely three days later. The San Francisco-based exchange announced that it had acquired three key firms as it sought to diversify its product offerings. One of them was Keystone Capital Corp, a securities dealer whose acquisition gave Coinbase the ability to diversify its services from the traditional cryptos for which it has become renowned. Coinbase will be able to offer its clients any crypto that’s categorized as a security as well as margin and over-the-counter trading.
Uphold offers eight cryptos to its users, with XRP being the latest to be integrated. By offering its users the ability to buy XRP with debit cards, bank transfers, and through the other seven cryptos available on its platform, it became the first major US platform to offer XRP trading services. Uphold offers its services in 184 countries worldwide, supporting more than 30 fiat currencies and four commodities. To date, it has facilitated more than $3.6 billion worth of
No announcements found
transactions. Uphold Buys a New York Broker-Dealer to Offer Securities Trading Services published first on https://medium.com/@smartoptions
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Digital Payment Platform Uphold Inks Deal to Acquire New York Broker-Dealer
Uphold, a cloud-based financial services platform, has inked a deal to acquire New York-based broker-dealer JNK Securities Corp., in the latest move by a crypto platform to move itself towards traditional markets.
The deal, if approved, will give JNK clients access to crypto trading, potentially bringing new institutional investors to Uphold’s platform and the larger crypto ecosystem.
Uphold Acquiring JNK Securities
According to Bloomberg, terms of the agreement have not yet been disclosed. If the deal gets the green light from the Financial Industry Regulatory Authority (FINRA), Uphold will then seek approval from the U.S. Securities and Exchange Commission (SEC) to operate as an alternative trading system (ATS). Although not a public house (like the New York Stock Exchange), an ATS can provide many of the same functions of matching buyers with sellers of securities.
“Many crypto assets (particularly ICO tokens) may be treated as securities in some cases,” Uphold CEO Adrian Steckel said in a statement. “Through Uphold’s new securities division, the digital currency platform would be able to offer sales and trading of ICO tokens and fractional equities and provide other exchange services.”
Uphold’s move follows similar acquisitions by larger U.S. cryptocurrency exchanges. Coinbase said earlier this month that it’s buying a trio of firms, including a broker-dealer, to offer customers blockchain-based securities. Around the same time as the Coinbase announcement, peer-to-peer trading platform Circle Internet Financial Ltd. said that it intends to pursue registration as a brokerage and trading venue with the SEC in attempts to help investors buy and sell tokens deemed to be securities.
Regulated trading platforms like Uphold will likely be eventually handling billions of dollars in tokens sold by companies in initial coin offerings (ICOs). Despite a crackdown by the U.S., China, and other countries, startups raised more than $6.3 billion through ICOs in the first three months of the year, easily surpassing the total accumulated for the whole of 2017.
The SEC recently clarified that it considers most coins to be securities. This puts Uphold in a good position, as the SEC’s decision means issuers must register and comply with federal laws, as the platform is doing.
Uphold
Uphold, which brands itself as a ‘cloud money vault,’ is not strictly a cryptocurrency exchange. It’s more like a bank for buying and holding different currencies, converting them into other currencies, or sending them to other members internationally.
The site was launched in 2014 under the name Bitreserve, and was founded by CNET founder Halsey Minor. When it first launched, customers had to make their first deposits in Bitcoin, but could then convert Bitcoin into other digital (or fiat) currencies when they wanted to withdraw funds or send money abroad.
In 2015, Bitreserve changed its name to Uphold and began allowing customers to deposit money into their accounts via bank transfer or credit or debit cards. With the boom in cryptocurrencies over the past year, the platform is certainly embracing the nascent industry. Uphold’s website declares that users can go, ‘from U.S. dollar to bitcoin in seconds.’
Featured image from Shutterstock.
The post Digital Payment Platform Uphold Inks Deal to Acquire New York Broker-Dealer appeared first on NewsBTC.
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Digital Payment Platform Uphold Inks Deal to Acquire New York Broker-Dealer
Uphold, a cloud-based financial services platform, has inked a deal to acquire New York-based broker-dealer JNK Securities Corp., in the latest move by a crypto platform to move itself towards traditional markets.
The deal, if approved, will give JNK clients access to crypto trading, potentially bringing new institutional investors to Uphold’s platform and the larger crypto ecosystem.
Uphold Acquiring JNK Securities
According to Bloomberg, terms of the agreement have not yet been disclosed. If the deal gets the green light from the Financial Industry Regulatory Authority (FINRA), Uphold will then seek approval from the U.S. Securities and Exchange Commission (SEC) to operate as an alternative trading system (ATS). Although not a public house (like the New York Stock Exchange), an ATS can provide many of the same functions of matching buyers with sellers of securities.
“Many crypto assets (particularly ICO tokens) may be treated as securities in some cases,” Uphold CEO Adrian Steckel said in a statement. “Through Uphold’s new securities division, the digital currency platform would be able to offer sales and trading of ICO tokens and fractional equities and provide other exchange services.”
Uphold’s move follows similar acquisitions by larger U.S. cryptocurrency exchanges. Coinbase said earlier this month that it’s buying a trio of firms, including a broker-dealer, to offer customers blockchain-based securities. Around the same time as the Coinbase announcement, peer-to-peer trading platform Circle Internet Financial Ltd. said that it intends to pursue registration as a brokerage and trading venue with the SEC in attempts to help investors buy and sell tokens deemed to be securities.
Regulated trading platforms like Uphold will likely be eventually handling billions of dollars in tokens sold by companies in initial coin offerings (ICOs). Despite a crackdown by the U.S., China, and other countries, startups raised more than $6.3 billion through ICOs in the first three months of the year, easily surpassing the total accumulated for the whole of 2017.
The SEC recently clarified that it considers most coins to be securities. This puts Uphold in a good position, as the SEC’s decision means issuers must register and comply with federal laws, as the platform is doing.
Uphold
Uphold, which brands itself as a ‘cloud money vault,’ is not strictly a cryptocurrency exchange. It’s more like a bank for buying and holding different currencies, converting them into other currencies, or sending them to other members internationally.
The site was launched in 2014 under the name Bitreserve, and was founded by CNET founder Halsey Minor. When it first launched, customers had to make their first deposits in Bitcoin, but could then convert Bitcoin into other digital (or fiat) currencies when they wanted to withdraw funds or send money abroad.
In 2015, Bitreserve changed its name to Uphold and began allowing customers to deposit money into their accounts via bank transfer or credit or debit cards. With the boom in cryptocurrencies over the past year, the platform is certainly embracing the nascent industry. Uphold’s website declares that users can go, ‘from U.S. dollar to bitcoin in seconds.’
Featured image from Shutterstock.
The post Digital Payment Platform Uphold Inks Deal to Acquire New York Broker-Dealer appeared first on NewsBTC.
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Digital Payment Platform Uphold Inks Deal to Acquire New York Broker-Dealer
Uphold, a cloud-based financial services platform, has inked a deal to acquire New York-based broker-dealer JNK Securities Corp., in the latest move by a crypto platform to move itself towards traditional markets.
The deal, if approved, will give JNK clients access to crypto trading, potentially bringing new institutional investors to Uphold’s platform and the larger crypto ecosystem.
Uphold Acquiring JNK Securities
According to Bloomberg, terms of the agreement have not yet been disclosed. If the deal gets the green light from the Financial Industry Regulatory Authority (FINRA), Uphold will then seek approval from the U.S. Securities and Exchange Commission (SEC) to operate as an alternative trading system (ATS). Although not a public house (like the New York Stock Exchange), an ATS can provide many of the same functions of matching buyers with sellers of securities.
“Many crypto assets (particularly ICO tokens) may be treated as securities in some cases,” Uphold CEO Adrian Steckel said in a statement. “Through Uphold’s new securities division, the digital currency platform would be able to offer sales and trading of ICO tokens and fractional equities and provide other exchange services.”
Uphold’s move follows similar acquisitions by larger U.S. cryptocurrency exchanges. Coinbase said earlier this month that it’s buying a trio of firms, including a broker-dealer, to offer customers blockchain-based securities. Around the same time as the Coinbase announcement, peer-to-peer trading platform Circle Internet Financial Ltd. said that it intends to pursue registration as a brokerage and trading venue with the SEC in attempts to help investors buy and sell tokens deemed to be securities.
Regulated trading platforms like Uphold will likely be eventually handling billions of dollars in tokens sold by companies in initial coin offerings (ICOs). Despite a crackdown by the U.S., China, and other countries, startups raised more than $6.3 billion through ICOs in the first three months of the year, easily surpassing the total accumulated for the whole of 2017.
The SEC recently clarified that it considers most coins to be securities. This puts Uphold in a good position, as the SEC’s decision means issuers must register and comply with federal laws, as the platform is doing.
Uphold
Uphold, which brands itself as a ‘cloud money vault,’ is not strictly a cryptocurrency exchange. It’s more like a bank for buying and holding different currencies, converting them into other currencies, or sending them to other members internationally.
The site was launched in 2014 under the name Bitreserve, and was founded by CNET founder Halsey Minor. When it first launched, customers had to make their first deposits in Bitcoin, but could then convert Bitcoin into other digital (or fiat) currencies when they wanted to withdraw funds or send money abroad.
In 2015, Bitreserve changed its name to Uphold and began allowing customers to deposit money into their accounts via bank transfer or credit or debit cards. With the boom in cryptocurrencies over the past year, the platform is certainly embracing the nascent industry. Uphold’s website declares that users can go, ‘from U.S. dollar to bitcoin in seconds.’
Featured image from Shutterstock.
The post Digital Payment Platform Uphold Inks Deal to Acquire New York Broker-Dealer appeared first on NewsBTC.
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A Legacy Money System On The Blockchain
The latest venture from CNET founder Halsey Minor looks a lot like an attempt to recreate the legacy monetary system on a blockchain.
Launched commercially last week, Public Mint says its "fiat native" blockchain makes transactions efficient and accessible.
The platform is described as a programmable blockchain with fiat funds held in insured banks, enabling users to create their own "digital money systems."
Users would transact in regular U.S. dollars using their smartphones, while the funds are held centrally by custodians.
Companies using the platform can accept dollars via credit card, wire transfers and more whether or not they have a bank account.
Support for other fiat currencies is expected to be added in the future.
Public Mint is a fiat layer that is claimed to be supported by more than 200 banks – although they aren't named in a press release.
The platform could be a solution for cryptocurrency firms that have had trouble accessing the traditional banking system, the firm says.
Reportedly taking two years to build, it was founded by Halsey Minor, who was also behind CNET, Salesforce and crypto trading platform Uphold (formerly called Bitreserve).
VideoCoin, another Minor venture, became one of Public Mint's first corporate users in late May.
https://www.google.com/amp/s/www.coindesk.com/cnet-uphold-bank-blockchain-network%3famp=1
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Payments Startup Uphold to Use Ledger Vault
Payments Startup Uphold to Use Ledger Vault French crypto hardware firm Ledger will provide its technology to American payments startup Uphold to improve security, according to a press release shared with Cointelegraph on May 13.Formerly known as Bitreserve, Uphold will reportedly incorporate Ledger’s institutional custody platform Ledger Vault to boost its anti-hack protection by adding an additional layer of security.J. P. https://apexcryptonews.com/2019/05/14/payments-startup-uphold-to-use-ledger-vault/
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Digital Payment Platform Uphold Inks Deal to Acquire New York Broker-Dealer
Uphold, a cloud-based financial services platform, has inked a deal to acquire New York-based broker-dealer JNK Securities Corp., in the latest move by a crypto platform to move itself towards traditional markets.
The deal, if approved, will give JNK clients access to crypto trading, potentially bringing new institutional investors to Uphold’s platform and the larger crypto ecosystem.
Uphold Acquiring JNK Securities
According to Bloomberg, terms of the agreement have not yet been disclosed. If the deal gets the green light from the Financial Industry Regulatory Authority (FINRA), Uphold will then seek approval from the U.S. Securities and Exchange Commission (SEC) to operate as an alternative trading system (ATS). Although not a public house (like the New York Stock Exchange), an ATS can provide many of the same functions of matching buyers with sellers of securities.
“Many crypto assets (particularly ICO tokens) may be treated as securities in some cases,” Uphold CEO Adrian Steckel said in a statement. “Through Uphold’s new securities division, the digital currency platform would be able to offer sales and trading of ICO tokens and fractional equities and provide other exchange services.”
Uphold’s move follows similar acquisitions by larger U.S. cryptocurrency exchanges. Coinbase said earlier this month that it’s buying a trio of firms, including a broker-dealer, to offer customers blockchain-based securities. Around the same time as the Coinbase announcement, peer-to-peer trading platform Circle Internet Financial Ltd. said that it intends to pursue registration as a brokerage and trading venue with the SEC in attempts to help investors buy and sell tokens deemed to be securities.
Regulated trading platforms like Uphold will likely be eventually handling billions of dollars in tokens sold by companies in initial coin offerings (ICOs). Despite a crackdown by the U.S., China, and other countries, startups raised more than $6.3 billion through ICOs in the first three months of the year, easily surpassing the total accumulated for the whole of 2017.
The SEC recently clarified that it considers most coins to be securities. This puts Uphold in a good position, as the SEC’s decision means issuers must register and comply with federal laws, as the platform is doing.
Uphold
Uphold, which brands itself as a ‘cloud money vault,’ is not strictly a cryptocurrency exchange. It’s more like a bank for buying and holding different currencies, converting them into other currencies, or sending them to other members internationally.
The site was launched in 2014 under the name Bitreserve, and was founded by CNET founder Halsey Minor. When it first launched, customers had to make their first deposits in Bitcoin, but could then convert Bitcoin into other digital (or fiat) currencies when they wanted to withdraw funds or send money abroad.
In 2015, Bitreserve changed its name to Uphold and began allowing customers to deposit money into their accounts via bank transfer or credit or debit cards. With the boom in cryptocurrencies over the past year, the platform is certainly embracing the nascent industry. Uphold’s website declares that users can go, ‘from U.S. dollar to bitcoin in seconds.’
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