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Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold, Says Chainalysis
21.6.2020
Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis. Per the report, nearly 18.6 million bitcoin (BTC) has been mined as of June...
Market Predictions, Miner Fees Fluctuate, & China Moves Fast: Bad Crypto News of the Week
20.6.2020
Check out this week’s Bad Crypto podcast
Akon City: $6 Billion Cryptocurrency City Set to Begin Construction
20.6.2020
Akon City, a “futuristic cryptocurrency themed city” founded by famous singer Akon, is ready to begin construction, with a plan to use the akoin cryptocurrency exclusively. Phase one of Akon City’s construction will include roads, a hospital, a mall, hotels, and a school. There...
U.S. SEC Chair Clayton Nominated to Oversee Crypto Regulatory-Heavy NY
20.6.2020
Latest news shows an intended bid for Securities and Exchange Commission, or SEC, chairman Jay Clayton as New York's Southern District attorney
Bitcoin Rises in New Crypto Rankings by Chinese Government-Backed Institute
20.6.2020
China’s Center for Information and Industry Development has revised its cryptocurrency project rankings. Thirty-seven crypto projects were evaluated overall and in three sub-categories. Bitcoin has risen while the top three spots remained occupied by EOS, Tron, and Ethereum. CCID’s 18th...
High Jumps, (Self)Hacks, Heated Competitions and 20 Crypto Jokes
20.6.2020
This week in the Cryptoverse, BTC mining difficulty made the highest jump in two years, the sender of USD 5.28 million Ethereum (ETH) transactions was revealed, and stablecoin volume became 5x ETH volume on Ethereum. Hackers stole a bitcoin with a “brute force” attack, while Bancor discovered...
Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings
20.6.2020
Ernst & Young (EY) has introduced a new application that helps U.S. cryptocurrency traders calculate and file their taxes with ease. The EY Cryptoprep app, a Software as a Service (SaaS) web-based crypto tax engine, helps users calculate crypto-related gains and losses that have to be reported...
Law Decoded: As Crisis Mode Fades, Regulators Look Kindly on Crypto, June 12-19
19.6.2020
Regulators are warming up to crypto around the world as they embrace innovation for economic recovery
Ex-Kraken Trading Head Leads Crypto Quant Fund With $23M in Assets, $2.3B in Trades
19.6.2020
A little-known virtual currency fund heavy on math and statistics is turning a steady profit under a lead trader who once oversaw a major cryptocurrency exchange
The Queens Politician Who Wants to Give New Yorkers Their Own Crypto
19.6.2020
Assemblyperson Ron Kim has proposed a decentralized contact tracing protocol and a blockchain-based public banking system for New Yorkers
Bitcoin’s Rise Driven by Institutional Trading, Says Research and Investor Sentiment
19.6.2020
The cryptocurrency bitcoin is trading at an all-time high relative to its social activity, explains the crypto research firm Tie. The analysts at Tie believe the ratio indicates that bitcoin is being driven by institutional trading. Meanwhile, statistics from Google Trends shows the terms...
SEC Claims Brothers Lied About Digital Asset Fund Performance, Used Profits for Personal Use
19.6.2020
The U.S. Securities and Exchange Commission (SEC) moved on Friday to halt an allegedly-fraudulent digital asset investment fund run by two Pennsylvania brothers
SEC Halts Crypto Scam, Alleging Two Brothers Stole Millions From Investors
19.6.2020
The U.S. SEC freezes assets of several alleged crypto scams run by Hvizdzaks brothers
Price Analysis 6/19: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, CRO
19.6.2020
Most major cryptocurrencies are stuck in a range suggesting a balance between supply and demand
Bitcoin Whale Transfers $2.2 Billion Worth of BTC for Just $7
19.6.2020
Whale alert reports that a so-called whale has transferred the equivalent of $2.24 billion in bitcoin for less than $7. In a series of tweets on Friday, the crypto tracking tool said the bitcoin (BTC) whale sent a total of 241,500 BTC in seven successive transactions within one hour. Each...
How Bitcoin of America’s Robust Compliance Program Made Possible the Restitution of Half a Million Dollars to Fraud Victims
19.6.2020
Robust and effective compliance programs for virtual asset exchanges such as Bitcoin of America, which owns and operates a crypto exchange platform as well as a nationwide network of bitcoin ATM locations, isn’t simply a matter of operating a system for CIP, KYC, and AML procedures....
Setting It Straight: Estonia’s Crypto Crackdown Weeds Out Bad AML/KYC
19.6.2020
A crypto crackdown in Estonia sparks debate on how to create crypto-centric Anti-Money Laundering and Know Your Customer policies
UAE Resident Who Took Out $100K Crypto Loan Saved by Ex-Coworkers
19.6.2020
A foreign resident of Abu Dhabi who was potentially facing jail time over an unpaid $100,000 loan received $27,400 in donations after his story spread
Nomura-Backed Crypto Custody Venture Launches After 2 Years in the Works
19.6.2020
CoinShares, Nomura Bank, and crypto security firm Ledger have formally launched a digital asset custody business targeting institutional investors
HaruBank Collaborates with BitGo to Ensure Security of Its Clients’ Crypto Asset
19.6.2020
BitGo, a market leader and a multi-sig technology pioneer, will now offer its business hot wallet services to HaruBank. Users of HaruBank will have their assets secured by BitGo, ensuring peace of mind. HaruBank was established in 2019. It operates a crypto depository service, which experienced...