Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, Genesis Global trading is granted a BitLicense while JPMorgan continues with digital asset strategy.
Genesis becomes the fifth company to be granted a license to operate in New York state. The company was trading under a safe harbour agreement with the Department of Financial Services.
Oliver Harris will be leading the bank’s digital asset strategy team after spending two years heading the In Residence fintech program. He will be seeking out digital asset projects for development at JPMorgan, including the Quorum Project.
Weiss Ratings released a blog post supporting the case for digital assets in nations with unstable political regimes. They draw comparisons to the current state of affairs in Iran and the increased likelihood of digital currency demand in the country.
Competition continues to increase as Monex eyes the expansion of their digital currency platform. Coincheck was acquired by Monex earlier this year after the exchange experienced a massive hack.
Interested in buying digital currencies? Coinsquare is Canada’s most secure platform for buying and selling Bitcoin, Litecoin, and other digital currencies.
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