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$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies

5.11.2020
The United States Department of Justice (DOJ) says it has seized cryptocurrencies worth $24 million after receiving an official request from the government of Brazil. The seizure stems from an ongoing investigation into the $200 million cryptocurrency scam that may have defrauded tens of thousands...

PayPal crypto services to go global early 2021, support for CBDCs coming

3.11.2020
PayPal is planning to launch crypto services for users of its platform globally, along with the Venmo app, and the company will explore central bank digital currencies

Mastercard President Says Crypto Patents Will Pay Off When Central Bank Digital Currencies Arrive

2.11.2020
Crypto IP "puts us in a good position" for central bank digital currency, said Mastercard President Miebach

Beaxy Exchange Adds Support for Six National Currencies

2.11.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com. Beaxy Exchange’s mission is to help cryptocurrency traders and investors build their financial future. By increasing their exposure to a diverse range of assets, providing them with assistive trading tools,...

OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins

31.10.2020
The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better...

Atari Has Launched Their IEO Public Sale Today

29.10.2020
PRESS RELEASE. NEW YORK/PARIS – October 29, 2020 – Bitcoin.com Exchange, one of the leading authorities in cryptocurrency exchanges announces the launch of the Atari Token (ATRI) public sale today at 12:00 UTC. Public sale of the ERC-20 Atari Token (ATRI) is now available on Bitcoin.com...

Report: 55% of US Investors Show Interest in Bitcoin Investment, Covid-19 Catalyst to Changing Preferences

29.10.2020
A recent survey study reveals that more than half of U.S. investors (55%) have an interest in investing in bitcoin, a figure which is 19 percentage points higher than that of last year. This translates to a potential U.S. market of nearly 32 million bitcoin investor households. According to...

Axion’s Launch is Going to Make Crypto-Believers out of Mainstream Investors

28.10.2020
This month, a new cryptocurrency project called the Axion Network will achieve a major milestone – it will see its mainnet launch and go public. The reason that’s so significant is that Axion represents a new breed of cryptocurrency. It’s not a utility token or an attempt...

Alibaba’s Jack Ma praises the disruptive nature of digital currencies

26.10.2020
The current conservative international financial system doesn't suit young people or young economies, says Ma

Central bank digital currencies have the power to upend global finance

26.10.2020
Central bank digital currencies will fundamentally change our conceptions of money and its uses

The Big Choices When Designing Central Bank Digital Currencies

26.10.2020
A retail CBDC or an indirect one? Synthetic? An API approach? How central banks implement digital currencies will have seismic implications

US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies

25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...

China Drafts Law to Legalize Digital Yuan, Outlawing Competitors

24.10.2020
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. China...

Russian Public Officials Must Now Declare Their Crypto Holdings as Income

23.10.2020
Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare...

CFTC Issues Guidance on Digital Currencies for Futures Commission Merchants

22.10.2020
The CFTC wants futures commission merchants to take care when dealing with customer's funds

Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K

21.10.2020
Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies. At the time of publication, the market cap of all 7,000+ digital assets has gained 5.6% hovering above $379 billion during the afternoon trading...

Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications

19.10.2020
On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair...