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UK Bans Sale of Crypto Derivatives to Retail Investors, Says Move to Save $69 Million in Losses
7.10.2020
The U.K.’s Financial Conduct Authority (FCA) has banned the sale of cryptocurrency derivatives products to retail investors in a move that it says will save the targeted customers £53 million ($68.9 million) in losses each year. The ban comes into effect on January 6, 2021. In...
Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority
3.10.2020
Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year. On Oct. 2, Coinbase sent...
Coinbase customers can now dodge bank withdrawal wait times
2.10.2020
New update from Coinbase quickens the transmutation of crypto into fiat
New Zealand Tax Agency Asks Crypto Firms to Hand Over Clients’ Personal Data
29.9.2020
The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. According to a September 28 report by Radio New Zealand, the tax agency says...
CEX.IO to Provide One-Click DeFi Access, Lists New Tokens, and Offers Instant 0% Fee Visa Deposits
26.9.2020
LONDON, the United Kingdom, September 26 – CEX.IO, one of the leading international cryptocurrency exchanges, announces its plans for entering the decentralized finance (DeFi) market. To set the stage, CEX.IO lists major DeFi tokens on its exchange platform and offers instant, 0% fee Visa...
The CFTC Files Complaint Against Crypto Trading Company
26.9.2020
The United States Commodity Futures Trading Commission (CFTC) on Thursday, September 24, filed a complaint against crypto dealing Paxforex for allegedly soliciting or accepting business from US customers without relevant registration. According to a report, the CFTC wants a U.S. court to stop...
Zilliqa Blockchain Starts Non-custodial Staking for Customers
26.9.2020
Working as a prominent, highly secured, and robust blockchain system, Zilliqa has announced to launch support for non-custodial staking on October 14 on its official mainnet for crypto fans. The expert team at Zilliqa has tried to enrich the user experience by offering them a simple, secure,...
Ethereum’s Gas Spike Forces Coinbase Pro to Pass Network Fees to Customers
19.9.2020
While Ethereum network fees have jumped to new highs this year, the popular cryptocurrency exchange, Coinbase Pro, announced that the trading platform would be passing network fees onto customers. The move followed the exchange listing Uniswap’s native token UNI, an airdrop that saw miners...
Hydra’s ‘Complex Drug Delivery System’ in Russia Overshadows Western Darknet Markets
16.9.2020
On September 14, the blockchain analysis firm Chainalysis reported on the infamous Russian darknet marketplace (DNM) known as Hydra and noted the DNM is Eastern Europe’s “sixth-largest service by volume in the region.” Moreover, the report also reveals that Hydra has created...
CFTC Alleges 4 Individuals Defrauded Customers in $1M Bitcoin Trading Scheme
14.9.2020
The CFTC alleged four individuals stole close to $1 million from customers by promising returns from a bitcoin trading scheme
Apollo Fintech Launches Crypto Transactions using SMS for Customers
14.9.2020
Working as a globally-acclaimed blockchain firm known for creating viable fintech products and services, Apollo Fintech has announced the launch of the Knox World Pay (WP) solution to promote crypto mass adoption. The WP will work as a global payment system to facilitate crypto transactions...
SLP Trading Platform Cryptophyl Plans to Change Into a Noncustodial Defi Exchange
12.9.2020
The U.K.-based Simple Ledger Protocol (SLP) exchange Cryptophyl is closing its doors in order to restructure into a decentralized finance (defi) platform. Cryptophyl has revealed the trading platform will officially go offline on September 21 and is asking customers to withdraw before that period....
South African Crypto Exchange Luno Expanding Globally After Acquisition by Digital Currency Group
10.9.2020
Digital Currency Group has acquired South African cryptocurrency exchange Luno, which has more than five million customers in over 40 countries. The acquisition will help Luno expand globally, including across its existing markets in Africa, Europe, and Asia. DCG Committed to Helping Luno Expand...
DCG's Foundry to finance Bitmain customers in North America
10.9.2020
The new partnership targets Bitmain's end customers
Most New Customers at Japanese Exchange BitFlyer Are in Their 20s
9.9.2020
More than 30% of new customers at bitFlyer, a major Japanese crypto exchange, are in their 20s, the exchange said
Major Swiss Insurer Adds Bitcoin and Ether Payments
2.9.2020
Atupri, a Swiss health insurance provider, said Monday that its 200,000 customers will now be able to make payments using bitcoin and ethereum. The 110-year old firm claims it is the “first” insurer in Switzerland to accept cryptocurrencies. In a statement, Atupri said payments will...
Revolut Adds Bitcoin Cash and Litecoin Support for US Customers
1.9.2020
Following the launch of Revolut’s new crypto exchange in the U.S. the company has added bitcoin cash and litecoin support. Alongside bitcoin and ethereum support, the trading platform’s added coins provide Revolut users with the ability to buy, store, and sell four different digital...
Sources Say World’s Largest Darknet Empire Market Exit Scammed, $30 Million in Bitcoin Stolen
26.8.2020
One of the world’s largest darknet markets (DNM), Empire Market, allegedly exit scammed after the marketplace was taken offline for a number of days this week. DNM patrons are upset about Empire Market’s departure and customers say that $30 million in bitcoin held by the darknet’s...
Starbucks to let customers trace their coffee’s provenance from bean to brew
25.8.2020
Starting today, the coffeehouse is bringing their beans to the blockchain
Coinbase to Offer Bitcoin-Based Cash Loans of up to $20,000 Across 17 US States
14.8.2020
U.S. crypto exchange Coinbase will start offering bitcoin-backed cash loans to select customers as early as next month. Investors can borrow up to 30% of the bitcoin they hold on the exchange, or a maximum $20,000, it said. In a blog post on August 13, Coinbase unveiled its new crypto lending...