Monthly Archives: April 2020

CMT Digital Head Says BTC Trading Still Strong Despite Global Conditions

CMT Digital’s Brad Koeppen explained Bitcoin trading has remained largely the same, even during global uncertainties. Amid global coronavirus fears and plunging mainstream markets, Bitcoin (BTC) trading has remained largely unchanged, according to CMT Digital head of trading and business development, Brad Koeppen. “Bitcoin trading has not been that different,” Koeppen told Cointelegraph in a March 31 email. “Volatility and volumes saw an uptick as BTC sold off with the traditional markets but high volatility is nothing new in Bitcoin.” Koeppen also referenced the problems seen on […]

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Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence

Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386M) for breaching anti-money laundering regulations on a large scale. Around $5.8 billion had been funneled between suspected accounts in Swedbank and Danske Bank in the Baltics, the latter already fined large amounts for previous money-laundering activities. Also read: Bitcoin Mining Roundup: BTC Regains 100 Exahash, Miners Close Shop, Pre-Halving Shake-Up Swedbank Kept Separate Books To Help With Money-Laundering After Swedish public service television SVT had looked closer at Swedbank’s […]

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U.S. Crypto ATM Network Helps to Promote Social Distancing

U.S. crypto ATM network Bitcoin Depot has begun shutting off machines in high-risk areas for coronavirus prevention. Bitcoin Depot, the largest Bitcoin ATM operator in the world, has begun powering down some of its machines in an effort to halt further spread of COVID-19. As much of the world sits in quarantine, Bitcoin Depot has chosen to temporarily shut off crypto ATMs which specifically reside in high traffic areas. The company is undertaking this push as a way to encourage social distancing. “As we monitor the ongoing […]

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FBI Arrests Russian Rapper For Crypto Money Laundering, Cites Damning Instagram

The FBI arrest a Russian rapper living in the U.S. for money laundering using, among evidence, Instagram pictures including huge wads of cash, both dollars and rubles. United States authorities have arrested a Russian national under allegations of money laundering — using his Instagram that promoted his rap career as evidence against him. Per court filings unsealed on March 30, an FBI investigator alleged that Maksim Boiko laundered money using cryptocurrencies, including via disgraced exchange BTC-e. The authorities also say that Boiko conspired with transnational organized crime […]

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Nigeria Becomes Eighth African Nation to Welcome Bitcoin ATMs

Nigeria, Africa’s largest economy and largest source of Bitcoin trading volume on the continent, has welcomed its first Bitcoin ATM. Africa’s largest country has welcomed its first Bitcoin ATM. Blockstale BTM, the company that installed the ATM in the Dazey Lounge and Bar in Lagos state, plans to launch more than 30 more terminals across Nigeria. “Despite all the legal uncertainties about cryptocurrencies in Nigeria, Nigerians happen to be the highest crypto traders in Africa,” Blockstale’s chief executive and founder, Daniel Adekunle, told local media on April […]

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Price Analysis April 1: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

After a strong bounce from key support levels, many cryptocurrencies are now struggling to break above the 20-day EMA. The Dow Jones Industrial Average had its worst first quarter on record. Compared to that, Bitcoin only fell about 10% over the same period, which shows clear outperformance. The resilience of Bitcoin (BTC) in the current crisis shows that it has arrived on the big scene and that it can weather a storm better than some of the traditional asset classes. This is likely to attract several institutional […]

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Film Reels and Steel: Github Plans to Archive Bitcoin Code for 1,000 Years

The Microsoft subsidiary, Github recently revealed the “Archive Program,” an initiative that aims to preserve open source technologies for 1,000 years. The newly launched effort plans to store snapshots of open source technology 250 meters underground on the Norwegian island of Svalbard. The source code management and collaboration platform also plans to store the Bitcoin Core software. Archivists will etch the blockchain network’s code on film reels and encase the project in a steel capsule. Also read: US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts […]

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A Crypto Venture Fund Bought the Most Tokens at MakerDAO’s Debt Auction

Crypto venture fund Paradigm Capital reveals it purchased the majority of MKR tokens from MakerDAO’s debt auction. An auction to recapitalize MakerDAO (MKR) after the mid-March market turmoil successfully concluded on March 28, bringing in over $5 million worth of DAI. Crypto venture fund Paradigm Capital revealed in a March 31 tweet that it won approximately 68% of the auctioned tokens. The company had previously pledged to join a “backstop syndicate” and cover the entire system shortfall if necessary. Acting as a so-called “backstop,” the group would […]

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Celo to Issue At Least $15.7 Mln in Community Grants During 2020

Cointelegraph spoke to cLabs’ Xochitl Cazador to find out about Celo’s community grants and the network’s plans for 2020. Open-source payments network, Celo (cGLD), announced on March 31 that it had awarded $700,000 in developer grant funding to 16 startups looking to build on the Celo network.  Cointelegraph spoke to Xochitl Cazador, the head of ecosystem growth at cLabs — the company behind Celo — to discuss what they look for from grant applicants, and Celo’s plans for 2020. Celo provides grant funding to 16 startups Cazador […]

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The Many Facts Pointing to Wei Dai Being Satoshi

Satoshi Nakamoto has been an enigma for well over a decade and there’s been a number of suspects and self-styled Bitcoin inventors. One particular suspect is the computer engineer Wei Dai, the creator of the b-money system and the Crypto++ cryptographic library. Since the Bitcoin network was launched in 2009, a number of people have had suspicions that Wei Dai could have played the role of Nakamoto. Also Read: The Many Facts Pointing to Ian Grigg Being Satoshi Wei Dai and Satoshi Nakamoto We don’t know who […]

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