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FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges


The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN,...

Cryptonews Rewind 2020: Q1 - Missile Strike, COVID-19, Black Thursday


Here is what happened in the Cryptoworld in the first quarter of this year: Total crypto market capitalization in Q1 January The year started with Ethereum (ETH)'s Muir Glacier, announced to be a successful upgrade on the Ethereum mainnet, and the Cryptoverse wondered if Ethereum 2.0 would happen...

Southeast Asia’s Largest Bank DBS Launches Full-Service Bitcoin Exchange


DBS, the largest bank in Southeast Asia, has officially announced the launch of several crypto services, including a crypto exchange. DBS’ crypto trading platform supports four fiat currencies and four cryptocurrencies, including bitcoin. DBS Launches Bitcoin Services DBS officially announced...

Russia to Recognize Bitcoin as Property With Legal Protection


The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During...

$100 Million Liquidated on Defi Protocol Compound Following Oracle Exploit


Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin. An apparent error or malicious attack to the Dai-dollar-peg data...

Belarus’ Largest Bank Launches Cryptocurrency Exchange Service


The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local...

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