Author Archives: creative

Monero Compliance Workgroup Says XMR Exempt From Funds Travel Rule

Monero’s compliance workgroup concludes that FinCEN Funds Travel Rule does not apply to underlying assets and cryptocurrencies such as XMR. The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post. What is the Funds Travel Rule? The Funds Travel Rule requires financial institutions who are sending and/or receiving funds to store and transmit certain information about the transfer if it is valued at […]

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US Fed to Print $425B for New Year’s — 3 Times Bitcoin’s Market Cap

A statement confirms the Fed will ease the strain on banks over the new year period by creating more than three times Bitcoin’s market cap in new money. The United States central bank will inject at least $425 billion of nonexistent money into the economy by the middle of next month. In a statement released Dec. 11, the Federal Reserve confirmed it would ramp up so-called repurchase, or “repo,” operations on key dates over the new year period. Fed to “print” 3x Bitcoin market cap in weeks […]

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43% of Investors Interested in Bitcoin Are Women: Grayscale Survey

A recent report published by Bitcoin fund operator Grayscale suggests that 43% of investors interested in Bitcoin are women. A report published on Dec. 4 by Bitcoin (BTC) fund operator Grayscale suggests that 43% of investors interested in Bitcoin are women. The study involved 1,100 United States investors of ages between 25 and 64 surveyed between March 28 and April 3, 2019. All the respondents were involved in personal investing and held at least $10,000 in investable assets with at least $50,000 in household income. Bitcoin not […]

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Quadrigacx Founder Dead or Alive? Request for Exhumation and Autopsy Filed

The founder of now-defunct crypto exchange Quadrigacx may still be alive, even though he supposedly died in India about a year ago. A court-appointed law firm is seeking an answer on behalf of affected users. The firm has requested an exhumation and post-mortem autopsy in Canada of the body of Gerald Cotten, as some 76,000 users are still out millions of dollars. Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency Exhumation and Post-Mortem Autopsy Law firm Miller Thomson has sent a letter […]

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Bitcoin Price Must Hit $7.3K to Avoid Bearish Bollinger Band ‘Squeeze’

The inventor of Bollinger Bands warns his price instrument shows Bitcoin and other cryptocurrencies are facing an imminent return to volatile conditions. Bitcoin (BTC) briefly fell back below $7,200 on Dec. 14 as bearish sentiment continued to pervade cryptocurrency markets. Cryptocurrency market daily overview. Source: Coin360 Bollinger: Bitcoin preparing for next breakout Data from Coin360 showed BTC/USD hit a sharp downturn on Saturday, losing around $70 in a matter of minutes and abandoning ground gained on Friday.  Over the past 24 hours, Bitcoin hit local highs of […]

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TikTok Owner Reportedly Working With Chinese State Media on Blockchain

Owner of popular social media app TikTok has launched a joint venture with a state-owned Chinese media group to develop business lines for blockchain and AI. Owner of major social media app TikTok, ByteDance, has launched a joint venture with state-owned Chinese media group and ThePaper.cn operator Shanghai Dongfang Newspaper to develop business models that include blockchain and artificial intelligence (AI), Bloomberg reported on Dec. 14.  TikTok may use blockchain and AI to fight Deepfakes The joint venture was launched in the capital of eastern China’s Shandong […]

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Europe’s New Regulations Force Bitcoin Service Bottle Pay to Shut Down

Recently funded social media Bitcoin transfer service, Bottle Pay, is shutting down citing new AML regulation in the EU as the reason. The Bottle Pay service, which allowed users to send Bitcoin (BTC) via social media accounts, announced on Dec. 13 that it would be shutting down due to Anti-Money Laundering (AML) regulations.  Funds will remain available for withdrawal until 13:00 GMT on Dec. 31, 2019. New user data collection would negatively impact user experience Bottle Pay, developed by United Kingdom-based company Block Matrix, enabled Bitcoin payments […]

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Christmas Comes Early for Bitcoin.com Games Players

Bitcoin.com’s very own online gaming platform has a special promotion for the holiday season. Each day for the next 12 days, the players ranking in the top 10 places on the Stars leaderboard will be eligible to participate in a daily Christmas raffle. Players can win gift cards from Adidas, Columbia, Footlocker, Delta, and other major brands. Also Read: Nexo Now Offers Bitcoin Cash Instant Crypto Credit Lines Bitcoin.com Games Launches Special Promotion for Holiday Season Christmas has come early for Bitcoin.com Games users. The online casino […]

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Blockchain Pilot Makes Waves in Russia’s Energy Sector

Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector. Earlier this week, Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector. The pilot program was initiated by Rosseti, Russia’s national energy grid operator, which is looking to automate and make transactions between energy producers, suppliers and consumers more transparent. Now that the first stage has been successfully completed, the partners will proceed to scale up their efforts. […]

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New York AG Finds It ‘Perverse’ For Bitfinex and Tether to Criticize Investigation

New York Attorney General continues to push to investigate the alleged multimillion dollar coverup involving Bitfinex and Tether. In a filing with the New York State Supreme Court’s Appellate Division, New York Attorney General Letitia James roundly criticized the efforts of Bitfinex and Tether to halt her office’s investigation into the companies. Bitfinex and Tether are under investigation for an accounting coverup in which Bitfinex is alleged to have improperly transferred $625 million that had been backing the Tether stablecoin in order to conceal Bitfinex’s liquidity shortfall. […]

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