Monthly Archives: January 2020

CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi

The CFTC is having trouble locating a man allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. Financial news outlet FinanceFeeds reported on Jan. 6 that the CFTC has filed a motion with the New York Southern District Court. More precisely, the regulator filed for the service of process on Reynolds by publication on The Daily Telegraph and […]

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Major Spanish Bank Latest to Bring Blockchain Into European Finance

CaixaBank adds we.trade to its service catalog, becoming one of Europe’s first bank to give customers access to blockchain technology. On Jan. 3 Spain-based CaixaBank added the blockchain-powered finance platform We.trade to its list of services. CaixaBank has now become one of the first banks in Europe to provide its customers access to blockchain technology. Launched in 2017, We.trade is a finance platform powered by IBM’s blockchain technology. It was developed by a consortium of 15 financial institutions from around Europe, like UBS and Societe Generale, and it […]

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Market Update: Top Cryptos Face Strong Resistance Ahead

On January 6, digital currency markets saw decent gains as the entire crypto market capitalization surpassed the $200 billion mark at 3:50 p.m. EST. Since then most cryptocurrencies have tested heavy resistance and a slew of assets are being held back. Moreover, crypto trade volumes have increased significantly and there’s been roughly $83 billion in digital asset swaps in the last day. Also Read: Meet the Multi-Cryptocurrency PoS Device Eletropay Top Cryptocurrencies Gain 5-10% A number of digital assets on Monday saw considerable spikes in fiat value […]

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Bitcoin Scam Ads Featuring Martin Lewis Now Spotted on Instagram

Fake Martin Lewis Bitcoin scam ads have been spotted on Instagram after Lewis settled a defamation lawsuit against Facebook in 2019. Bitcoin (BTC) scam ads featuring the likeness of Martin Lewis have continued to appear on social media despite Lewis’ previous efforts to prevent such illegal practices. After the British financial expert settled a defamation lawsuit against Facebook for showing unendorsed fake Lewis crypto ads in 2019, new scam adverts have now been spotted on Facebook-owned Instagram. Reported by Twitter user @peterfinn5252 on Jan. 7, the scam […]

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SBI, GMO Reportedly Sign Deal with Operator of World’s Largest Bitcoin Mining Site

The operator of what is set to become the world’s largest Bitcoin mining facility has reportedly signed a deal with Japanese financial services giant SBI and internet provider GMO. The operator of what is set to become the world’s largest Bitcoin (BTC) mining facility has reportedly signed a deal with Japanese financial services giant SBI and internet provider GMO. A Jan. 7 BNN Bloomberg report claims that the two Japanese mega-firms have agreed in principle to process cryptocurrency transactions at a new mining facility — of unprecedented […]

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Court Denies SEC Request to Make Telegram Reveal ICO Bank Records

Telegram will still have to prove that its bank records comply with foreign data privacy laws despite a U.S. court denying a Jan. 2 application by the SEC. The District Court for the Southern District of New York has denied a request by the United States’ securities regulator to make Telegram reveal its bank records. According to a Jan. 6 court order signed by Judge P. Kevin Caste, the court has denied an application by the U.S. Securities and Exchange Commission (SEC) to “compel the production of […]

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Litecoin ‘Largest Miner Capitulation’ Great News for Bitcoin — Analyst

An about-turn in mining difficulty for Litecoin could foretell a bull run for Bitcoin price as well, the statistician says, as markets continue pushing $8,000. Bitcoin (BTC) could have its bull market induced by Litecoin (LTC) as the latter enters a bullish renaissance, noted statistician Willy Woo has forecast. In a series of tweets on Jan. 6, Woo, well known in crypto circles as the creator of data resource Woobull, highlighted an upturn in Litecoin’s fortunes in recent weeks. Woo: Litecoin difficulty “in recovery” Specifically, it is […]

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Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar

In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar. Also read: Regulatory Roundup – China Blockchain ETF, New French Crypto Rules, Tokens Money in Russia SEC’s 3 Cases, NY Regulator Hiring The U.S. Securities and Exchange Commission (SEC) has been active […]

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Messenger Giant Line’s Crypto Exchange to Delist XRP This Month

BitBox, the Singapore-based cryptocurrency exchange of internet messaging giant Line, announced that it will delist XRP on Jan. 16. BitBox, the Singapore-based cryptocurrency exchange operated by internet messaging giant Line, announced that it will delist XRP on Jan. 16. Cointelegraph Japan reported BitBox’s decision earlier today. The announcement published on the exchange’s website on Jan. 6 read: “We keep a constant watch on all coins that are being traded on BITBOX. If a coin does not meet our standards based on its performance, reliability, liquidity, or law […]

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Bitcoin Flashes Wyckoff ‘Sign of Strength’ Hinting at New Bull Market

An overnight push to nearly $8K means Bitcoin is adhering to the bullish comeback features pioneered in the Wyckoff Method, suggests a prominent analyst. Bitcoin (BTC) may have just signaled its return to a bull market, according to fresh analysis using a century-old price prediction method. In a tweet on Jan. 7, ex-Goldman Sachs analyst Murad Mahmudov channeled the work of Richard Wyckoff to suggest Bitcoin was in the process of a major recovery.  BTC puts in Wyckoff “SOS” BTC/USD cracked resistance at $7,600 on Monday, surprising […]

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