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PayPal-owned Venmo launches cryptocurrency trading
20.4.2021
Venmo is following in the footsteps of its rival, Square's Cash App, by introducing cryptocurrency trading
Ukrainian Parliament Passes Bill That Criminalizes People Who Don’t Reveal Crypto Holdings
20.4.2021
The Ukrainian parliament is enforcing its tough stance against people who don’t disclose their cryptocurrency holdings on the tax fillings. The measure comes in the wake of a recent publication that showed alleged mistakes in declarations from public servants. Offenders Could Spend up to...
TeraBlock exchange raises $2.4M to develop crypto newbie-friendly interface
19.4.2021
The platform can reportedly execute trades automatically based on up to four risk-reward profiles that crypto users choose themselves
Crypto Exchange Luno Says South Africa’s Crypto Trading Dominated by Young People
19.4.2021
Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions. The exchange, which claims to have added nearly a million new South African...
Cryptocurrency as an Investment Tool in China
19.4.2021
The newly-appointed Governor of PBoC seems to be taking a more crypto-friendly stance than his predecessor. Li, one of seven deputies to PBoC governor Yi Gang and former vice mayor of the Chinese municipality of Chongqing, is seemingly taking a stronger position for the central bank to recognize...
Blockchain Association executive debunks rumored crypto crackdown by Treasury
19.4.2021
A United States blockchain lobbying group executive says there is not any danger of a crypto crackdown in the country
Will Dogecoin Survive this Rally?
19.4.2021
Amidst the explosive surge of crypto in the market, the meme-currency Dogecoin recently managed to achieve unforeseen growth. On 16 April 2021, Dogecoin reached the price of 43.77 cents before it gave back some gains on the weekend. The most obvious reason behind Dogecoin’s market surge can...
Société Générale Launches Blockchain-Based Structured Product
19.4.2021
French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications. Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into...
Cardano on Recovery Amidst Plutus and Alonzo Upgrade Buzz
19.4.2021
Cardano had experienced a rough patch recently as the valuation of its native coin tumbled down to $1.079454 on Sunday by 03:39 GMT. This translated into a 24.8% loss on the day, which is the biggest since March 12, 2020. The loss in the valuation impacted the total market cap of the network, with...
Call Option Token List on UMA Includes Two New Tokens
19.4.2021
Working as a powerful and secured protocol facilitating the creation of synthetic assets on Ethereum, UMA has announced the inclusion of BAL and UNI cryptocurrencies in the diverse list of its decentralized call option tokens. The newly supported tokens have been pooled and minted with their native...
South Korea plans interagency crackdown on illegal crypto transactions
19.4.2021
South Korea’s top financial regulator established dedicated crypto investigation teams across the country last week
US SEC Expected to Impose ‘Fair Amount’ of Regulation on Cryptocurrencies, Says Former Chairman
19.4.2021
Former SEC Chairman Harvey Pitt says that he expects a “fair amount” of crypto regulation coming from the U.S. Securities and Exchange Commission (SEC) following the confirmation of the new chairman. Former SEC Chair Expects ‘Fair Amount’ of New Crypto Regulation Harvey Pitt...
Bank of America Survey: 74% of Fund Managers See Bitcoin as a Bubble
19.4.2021
The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as...
Dogecoin, CryptoCurrency Reddit communities surge as crypto euphoria heats up
18.4.2021
The subreddits for Dogecoin and CryptoCurrency added a combined 232,697 subscribers last week, far outpacing the growth of all other communities
Hedge Fund Investment Firm Brevan Howard to Start Investing in Cryptocurrencies
18.4.2021
Brevan Howard, one of Europe’s largest hedge funds with $13.7 billion in assets under management, is reportedly set to start buying cryptocurrencies. The investment firm previously bought a 25% stake in One River Asset Management, which runs a number of cryptocurrency funds. Major Hedge Fund...
More IRS summonses for crypto exchange account holders
18.4.2021
The recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited
P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions
18.4.2021
After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets...
The perils of suing crypto exchanges after ransomware attacks
18.4.2021
As seen in the case of AA v. Bitfinex, targeting a crypto exchange over stolen funds is a high-risk, low-reward proposition
Leading Bitcoin Payments Processor Bitpay Joins Crypto Patent Alliance COPA
18.4.2021
The world’s largest provider of cryptocurrency payment services, Bitpay has announced the company is joining the Square-founded crypto patent effort the Crypto Open Patent Alliance (COPA). Bitpay has been working with blockchain products since 2011 and the firm will share open-source projects...
Court Summons Mirror Trading International Executives Over BTC Global Scam Allegations
18.4.2021
Two executives of Mirror Trading International (MTI) have been summoned by a high court in connection with another cryptocurrency investment scam called BTC Global. The court summons followed a civil lawsuit filed by 18 plaintiffs demanding compensation from them. Two MTI Executives Linked to...