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Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards
8.8.2020
Compliance with FATF’s travel rule presents major technical difficulties, but the blockchain industry is best-equipped to overcome them
OKEx CEO Says Indian Crypto Ban 'Unlikely', Has 3 Scenarios in Mind
8.8.2020
Major crypto exchange OKEx opened the doors of their new platform in India, amidst speculations that another crypto ban might be incoming. This scenario the exchange's CEO finds unlikely to happen, describing the platform's first day of trading as a "huge success."
On August 5,...
Brief 12K, Many Exploits, Plenty ETH and 20 Crypto Jokes
8.8.2020
This week, bitcoin hit USD 12,000 but fell right back in minutes. More bitcoin flash crashes are coming in this new bull market, a crypto investor warned, while Russian lawyers warned that e-pay laws may have knock-on effects for BTC. Meanwhile, XRP jumped upon seeing a strong demand from...
New Kenyan Digital Tax to Affect Crypto Platforms
8.8.2020
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track...
Ransomware Attacks Demanding Crypto Are Unfortunately Here to Stay
8.8.2020
Ransomware attacks are increasingly becoming the norm as the world struggles with the fallout of the coronavirus pandemic
Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America
8.8.2020
On August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S....
Major South Korean Bank Joins the Crypto Custody Business
8.8.2020
We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action
Reports Claim UK’s Financial Conduct Authority ‘Pressurized’ to Remove Onecoin Scam Warning
8.8.2020
A recent episode of the popular BBC Sounds podcast the “Missing Cryptoqueen” has shown the public a very interesting view of the powerful Onecoin Ponzi. According to two witnesses the BBC interviewed, a London law firm and a reputation management company allegedly managed to get...
The Brave New World of Generating Yield Returns from Crypto Lending
7.8.2020
Ryan Anderson is the Head of Trading at Wave Financial Group, a Los Angeles and London based investment management company that provides institutional digital asset fund products. Before joining Wave Financial Group in 2019 Ryan was a research associate at Bridgewater Securities and trader...
Price Analysis 8/7: BTC, ETH, XRP, BCH, BSV, LTC, ADA, LINK, BNB, CRO
7.8.2020
Bitcoin and altcoins might consolidate or correct marginally for a few days before a possible breakout to the upside
California's Attorney General Warns People to Be Wary of Crypto Scams
7.8.2020
California authorities recently came out with a fresh cautionary statement on crypto crime
Iran One-Ups the United States? Tehran Seeks Crypto Mining Dominance
7.8.2020
Iran’s government OKs power plants mining crypto as the country moves forward with a national strategy for cryptocurrency mining
Grayscale to Bring Crypto Ads to US Homes Amid Economic Crisis
7.8.2020
Grayscale, a major crypto asset management firm owned by Digital Currency Group (DCG) , is launching a national ad campaign in the US. It comes at the time of great socio-economic and geo-political uncertainties - which might be turning people's head towards financial and monetary...
CoinDCX Becomes First India Exchange to Offer Users Crypto Staking
7.8.2020
Mumbai-based cryptocurrency exchange CoinDCX launched its new product on Friday, allowing users to stake cryptocurrencies from Harmony, Qtum and Tron
'Crypto Mom' SEC Commissioner Hester Pierce Voted in Until 2025
7.8.2020
Pierce’s successful confirmation was announced on Aug. 6 in a statement from SEC Chairman Jay Clayton and fellow Commissioners
Japan’s New FSA Chief Stands Firm on Crypto Regulation, Calls for Push on Digital Yen
7.8.2020
The incoming commissioner of the Financial Services Agency has said the regulator will not soften rules on cryptos
Bitcoin Dominance Slides to 12-Month Low as Crypto Market Cap Tests Resistance
7.8.2020
Bitcoin’s dominance has fallen to a 12-month low despite its recent rally, signaling renewed strength in the altcoins markets
Goldman Sachs Sees ‘Resurgence of Interest’ in Crypto from Institutions
7.8.2020
There is currently a “resurgence of interest” in cryptocurrencies, but this time around it’s not from retail investors, but rather the financial institutions, the new head of digital assets at investment banking giant Goldman Sachs revealed in a recent interview.
Mathew McDermott, the recently...
Altcoins Account for One Third of Total Crypto Mining Power Usage
7.8.2020
An analysis of the 20 largest crypto assets by market cap determined that Bitcoin mining accounted for only 66% of total power consumption
Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status
7.8.2020
The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves...