ATMS AND STABLECOINS: One of India's top cryptocurrency exchanges is employing several methods in its mission to work through a tight regulatory situation.
Unocoin's troubles date back to earlier this year, when India's central bank blocked the country's banks from working with cryptocurrency companies. While legal efforts are being pursued, in the meantime, exchanges have been left to sort out the situation themselves.
Most recently, Unocoin set up an ATM in a Bengaluru mall where customers can deposit rupees to their exchange accounts without a bank or credit card. In the coming weeks, Unocoin will open a few more ATMs in Mumbai and Delhi.
Also, some users are quickly transferring their rupees to the ethereum-based TrueUSD token, which Unocoin began supporting in August, then using it to purchase bitcoin or other assets down the line when the price feels right. As a so-called stablecoin, TrueUSD is designed to maintain parity with the U.S. dollar. Full Story
COINS FOR SALE: The US Marshals Service has announced its latest bitcoin sale: a stock of 660 BTC, worth approximately $4.3 million.
The bitcoins are confiscated assets from federal criminal, civil and administrative cases. The auction will require prospective bidders to deposit $200,000 upon registration no later than October 31 to be allowed into the auction, which starts November 5.
The US Marshals Service had previously auctioned around 5,700 bitcoins in January and March. Full Story
CUSTODY PLAY: Making its foray into the crypto world U.K.-based security services company G4S is offering its investors a new cryptocurrency custody service.
In an announcement on Tuesday the company said the new service offers "high-security offline storage that helps to protect assets from criminals and hackers," adding that online wallets are only as secure as the users’ computer.
It's the latest firm to jump into the custody ecosystem, coming days after Fidelity formally unveiled its crypto asset trading and custody service. Full Story | 
