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Cryptocurrency Daily Roundup - Nov. 27


A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

UK financial regulator Investigates 50 Firms Over unlicensed Crypto operations

The UK Financial Conduct Authority or FCA has conducted inquires into 50 cryptocurrency-related businesses over unlicensed operations, according to The Telegraph. Responding to a Freedom of Information request by the publication, the financial regulator said it is eyeing these entities which it suspected were offering financial services without its permission.

Bahrain Institute Establishes Blockchain Academy

The Bahrain Institute of Banking and Finance (BIBF) established a Blockchain Academy that claims to offer the Kingdom's first Blockchain Professional Qualification Programme, in addition to a series of Master classes and Workshops. The programme is launching on January 6, 2019. The BIBF has teamed up with Dubai-based training provider "myLearning Key" and US-based Institute of iBusiness Council (IIB Council) to introduce the Certified Blockchain Professional C|BP' programme to support the growing demand for skilled Blockchain professionals.

Philippines invites Japan, Korea, Australia to invest in its 'Crypto Valley'

Philippines invited Japan., Korea, Australia to invest in its "Crypto Valley of Asia." The government-owned Cagayan Economic Zone Authority (CEZA) said it entered into partnership with Rare Earth Asia Technologies to market "Crypto Valley of Asia" as the most ideal investment destination in Asia for Blockchain, Crypto and FinTech companies. Rare Earth is one of CEZA's Principal Offshore Virtual Currency Exchange (OVCE) licensees.

French Crypto Wallet Ledger expands operations to the U.S.

French crypto hardware wallet maker Ledger expanded its operations to the U.S. with a new office in New York City to offer custody service for institutional investors for cryptocurrencies such as Bitcoin. The Ledger Wallet or Vault is a self-custody solution for managing crypto assets which uses multi-autorizations, which will serve as a business security option for financial institutions.

Current Prices

As of this writing, Bitcoin is down 1.11 percent or $41.59 at $3710.18 . Ethereum is declining 4.26 percent or $4.64 at $104.54 on Coinbase.

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