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Crypto Reporter

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Crypto news in brief (March 15, 2018): Google, Coinfloor, Lightning Network, Coinbase

March 15, 2018 By Crypto Reporter

– Google will ban cryptocurrency advertising
– UK exchange to launch BTC futures
– Telegram will turn down offers from sanctioned countries and individuals
– Lightning Network takes blockchains to the next level
– Coinbase gets a green light from UK regulator

Google will ban cryptocurrency advertising

On March 15 the price of bitcoin went slipped $8,000 for the first time since mid-February. The drop comes amid the news that Google will ban cryptocurrency advertising on its sites. Starting June, publicising of crypto-related products, like ICOs, digital wallets, trading advice and exchanges, will be prohibited by the tech conglomerate. Earlier in January Facebook introduced a similar ban.

UK exchange to launch BTC futures

Coinfloor, one of the key London cryptocurrency exchanges, plans to introduce world’s first physically delivered BTC futures in April. All payments will be conducted in bitcoin, rather than fiat money, as done on Chicago exchanges, CME and CBOE, where first futures contracts were launched last December.

Telegram will turn down offers from sanctioned countries and individuals

During its close-sale stage Telegram Open Network will be turning some investors away. It concerns investors sanctioned by the EU, UK, US and UN Security Council. The ban also involves their close relatives. Besides, those residing in Crimea, Cuba, Iran, North Korea and Syria will also not be admitted.

Lightning Network takes blockchains to the next level

Lightning Labs startup has officially launched a beta version of Lightning Network Daemon (LND). The application will allow sending bitcoins via special channels without registering transactions on the blockchain. The goal is to make transactions more private, faster and cheaper.

The application is still lacking in user-friendliness and likely to be used by developers and advanced users. The beta version limits transactions to roughly $1,400 worth per channel, or around $400 per payment.

Coinbase gets a green light from UK regulator

American cryptocurrency exchange Coinbase will be extending its services to the EU and UK after getting a e-money licence from the UK’s Financial Conduct Authority. Now, Coinbase will be able to provide payment solutions and financial services.

“We are committed to making sure customer funds are always secure and this update means that e-money operations have safeguards and operational standards at par with other regulated financial institutions. An example of this is segregation of client funds, where all customer fiat balances will be separated from Coinbase’s funds and kept in separate bank accounts,” states the official press-release.

More news:

  • Bakkt partners with Google to make crypto payments more accessible
    Bakkt partners with Google to make crypto payments more accessible
    October 11, 2021
  • Coinbase, Crypto.com and Bitstamp secure regulatory approval in Italy
    Coinbase, Crypto.com and Bitstamp secure regulatory approval in Italy
    July 26, 2022
  • BlackRock partners with Coinbase to offer clients access to crypto
    BlackRock partners with Coinbase to offer clients access to crypto
    August 12, 2022
  • Coinbase considers UAE as possible strategic hub 
    Coinbase considers UAE as possible strategic hub 
    May 10, 2023
  • Bitcoin network surpasses PayPal in volume processed
    Bitcoin network surpasses PayPal in volume processed
    November 29, 2021
  • UAE is set to welcome crypto licensing 
    UAE is set to welcome crypto licensing 
    February 26, 2022

Filed Under: General News, News Tagged With: Coinbase, Coinfloor, cryptocurrency, exchanges, Google, news, news in brief, Telegram, TON

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