Bitcoin Exchange Gatecoin Shuts Down Citing Financial Difficulty

Bitcoin Exchange Gatecoin Shuts Down Citing Financial DifficultyHong Kong-based bitcoin exchange Gatecoin has said it is shutting down citing financial difficulty. The exchange suffered a $2 million hack in 2016 and hasn’t been able to recover the funds. However, Gatecoin blames a registered French payment service provider for paralyzing its operations. The payments company allegedly duped the exchange out of an unspecified […]

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Basel Committee Sets out Guidelines for Banks Intending to Enter Crypto Market

Basel Committee Sets out Guidelines for Banks Intending to Enter Crypto MarketThe Basel Committee has laid out guidelines for banks that plan to enter the cryptocurrency market. While outlining the supposed threats posed by crypto assets in terms of financial stability, the committee has said it expects banks that are going to have direct exposure to the crypto industry to be prudent in their approach. As […]

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Xena Launches Leveraged Contract for Yet to Be Released Telegram Token

Xena Launches Leveraged Contract for yet to Be Released Telegram TokenThe Telegram token (gram) has started trading as a perpetual contract on London-based Xena Exchange. On Mar. 12, the crypto exchange launched a derivative contract for grams, with up to 100x leverage. The Xena-listed perpetual contracts are publicly tradable and are intended to provide liquidity for the gram token ahead of its release later this […]

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Malta Appoints Cybersecurity Firm Ciphertrace to Monitor Crypto Transactions

Malta Appoints Cybersecurity Firm Ciphertrace to Monitor Crypto TransactionsThe Malta Financial Services Authority (MFSA) has appointed U.S. cybersecurity company Ciphertrace to help with compliance monitoring of crypto assets. Ciphertrace will be expected to keep track of transactions that pass through local crypto exchanges and digital wallets including ICOs, screening for potential money laundering and terrorism financing violations. Also read: Fidelity’s Cryptocurrency Arm Starts […]

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Fidelity’s Cryptocurrency Arm Starts Offering Institutional Investor Services

Fidelity's Cryptocurrency Arm Starts Offering Services to Institutional InvestorsFidelity Investments’ new cryptocurrency arm is now up and running. The unit, Fidelity Digital Assets, began operations earlier this quarter but didn’t make any noise about it. It has already started offering trade execution and crypto custody services to institutional investors such as hedge funds and private wealth management firms. Also read: UN Panel: North […]

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UN Panel: North Korea Hacked $571M From Asian Crypto Exchanges

UN Panel: North Korea Hacked $571M From Asian Crypto ExchangesThe U.N. Security Council has heard that North Korea uses cyberattacks and blockchain technology to evade economic sanctions and obtain foreign currency. Through hacking, the reclusive Republic has raked in around $670 million in foreign exchange and cryptocurrency, a panel of experts told the Security Council’s North Korea sanctions committee, ahead of the council’s annual […]

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Social Investment Platform Etoro Launches in 30 US States

Social Investment Platform Etoro Launches in 30 US StatesSocial investment and trading platform Etoro has announced the launch of its platform and cryptocurrency wallet in 30 U.S. states and two territories. In America, users will have access to invest in BTC and 12 other cryptocurrencies at launch, with more to be added throughout the year. The Etoro wallet will initially support bitcoin core, […]

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Kaspersky: Bitcoin Needs Less Government Control and More Collaboration

Kaspersky Calls for Less Government Control of Bitcoin and More CollaborationRussian cybersecurity expert Eugene Kaspersky has said cryptocurrencies can be a success, but only if governments stop trying to control them or alternatively when all countries unite under a single global government. However, the billionaire does not believe Bitcoin will replace the existing financial system despite the currency’s “great” qualities. Also read: Startup Company Sets […]

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Turkish Real Estate Agency Sells 9 Houses for BTC

Turkish Real Estate Agency Sells 9 Houses Using BTCTurkish real estate agency Antalya Homes has sold nine properties to date using bitcoin core, mostly to foreign buyers. The houses cost a minimum of €30,000 each (~$33,900) said the agency, which also accepts bitcoin cash, ethereum, stellar, ripple, litecoin and tether. Also read: Nordea Bank Faces Allegations of Laundering Russian Millions ‘Crypto Purchases of […]

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Nordea Bank Faces Allegations of Laundering Russian Millions

Nordea Bank Scandal: Firm Faces Allegations of Laundering Russians' MillionsFinnish public broadcaster YLE will air a damning program on March 4 that reveals Nordea Bank’s alleged involvement in a multi-million-dollar money laundering scheme. The program will show how dirty money, mostly from Russian criminals, passed through Nordea, the biggest lender in the Nordic region. Also read: Startup Company Sets Up Bitcoin ATM in Botswana […]

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