2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval
Switzerland's financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a ... read more.
US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus
The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in ... read more.
Despite Russia's Confusing Crypto Laws, P2P Bitcoin Trade Volumes Soar
Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On ... read more.
US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines
Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract "greater...regulatory focus" in a bid to rein-in alleged cross-border illicit ... read more.
Exponential Growth: Bitcoin's Trading Volume Could Rival Major Asset Classes
Bitcoin's trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency's daily volume could exceed that of all U.S. equities in less than four years ... read more.
Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China
China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in ... read more.
A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC
Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including ... read more.
Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg
Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company's June Crypto Outlook report, "something has to really go wrong for bitcoin not to appreciate in value." Bloomberg points to ... read more.
India's Crypto Trading Volume Soars Amid Economic Crisis
Despite the economic crisis, cryptocurrency trading platforms in India are reporting record-breaking volumes and new users. "People in India are betting big on bitcoin," Paxful's CEO said. "The Indian market holds great potential and importance for the future of the ... read more.
Report Shows Crypto Derivatives Volumes Soared 32% to a Record $602 Billion in May
Cryptocurrency derivatives trading volumes climbed 32% in May to a new record high of $602 billion, according to data analytics company Cryptocompare. Total spot volumes grew at a slower pace, rising 5% to $1.27 trillion in May, the London-based firm ... read more.
Fed Chair Jerome Powell Discusses Leveraging an Ethereum-Based Libor Replacement
The Federal Reserve’s Chair, Jerome Powell has hinted at using an Ethereum-based interest reference rate in a transition from the London Interbank Offered Rate (Libor). Powell also detailed in a letter to Senator Tom Cotton (R-AR), that the Ethereum version ... read more.
Patoshi Researcher Says “Altruistic” Satoshi Will Never Spend His 1.1M Bitcoin
Bitcoin founder Satoshi Nakamoto will never spend his “1.1 million bitcoins” because he is altruistic, Patoshi Pattern researcher Sergio Demian Lerner has said. The Patoshi Pattern exploits privacy flaws of an early protocol, v.01, to identify blocks possibly minded by ... read more.
Carl Watner: The Tragedy of Political Government
“What is tragic about political government?” you might ask. Let us return to that question once we have examined the nature of political government and the State. In order to distinguish between government and other institutions in society we must ... read more.
Bitcoin Trader: Google Helps Scam Crypto Trading App Look Legit in Reviews
Bitcoin Trader has been heavily promoting itself as the best and safest automated cryptocurrency trading app that can help people earn $1,300 a day. Numerous fake reviews and scam checks on Bitcoin Trader are highly ranked by Google, making this ... read more.
Bitcoin Hashrate Spikes to 120 Exahash: Difficulty Drops Allowing Miners to Rejoin the Competition
The Bitcoin hashrate is up this weekend after the network experienced it’s fourth negative difficulty adjustment this year. The Bitcoin (BTC) protocol’s difficulty adjustment dropped over 9% on June 4, giving miners who shut off their machines a chance to ... read more.
Pablo Escobar’s Descendants Claim to Have Known Satoshi Nakamoto
Reports stemming from the financial columnist, Greg Thomson and the family of Pablo Escobar, claim the Escobar’s know the mysterious creator of Bitcoin. Allegedly, the notorious Escobar’s say that Satoshi Nakamoto was once known as a man named "Yasutaka Nakamoto." ... read more.
66% of Coinbase Users Willing to Leave the Exchange Due to Mounting Privacy Concerns
Two-thirds of people who use Coinbase are willing to leave the platform following reports that the U.S. exchange plans to sell user data to two government agencies for $250,000. Cryptocurrency trader and analyst John Rager carried out a poll on ... read more.
A number of analysts believe that at some point in the future, Bitcoin prices will touch the six-digit zone or $100,000 or more per unit. This price point has been predicted by a variety of experts and analysts including the ... read more.
Leaked Pentagon War Game Shows Gen Z Using Bitcoin to Battle the Corrupt State
The United States has been creating military simulations, otherwise known as ‘war games,’ for years now. In fact, the Pentagon and various professional analysts created a permanent war gaming facility for simulations. This week a report indicates that Pentagon officials ... read more.
Poloniex, Bittrex Named in Lawsuit Involving the Alleged Tether-Fueled Crypto Pump
On April 3, the cryptocurrency community learned about 11 class-action lawsuits against various executives and digital asset companies. The law firm that filed the lawsuits is also involved with a class-action against Tether and Bitfinex for allegedly manipulating the price ... read more.
Not So Private: 99% of Zcash and Dash Transactions Traceable, Says Chainalysis
Chainalysis says it can track 99% of transactions involving Zcash, and almost all of Dash's - coins that both fancy themselves as private and untraceable. Now, that's because the majority of users do not utilize the optional privacy-enhancing features available ... read more.
Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue ... read more.
Nightmare Come True: User Pays $2.6 Million in Transaction Fees to Send $134 of Ether
A record ethereum transaction fee has been paid today: $2.6 million to transfer $134. The user probably mixed up the fields on the value of the transfer and the fee, eventually paying 10,668 ETH in fees, or $2.6 million, on ... read more.
Market Update: Bitcoin Train Inches Toward $10K, Wild Predictions, Trillion Dollar Crypto Economy
On Wednesday, the market valuation of all 5,000+ cryptocurrencies is worth around $277 billion after a few coins gathered decent gains during the morning trading sessions. Today, bitcoin is trading for over $9,783 per unit and many traders believe the ... read more.
80% of US and European Institutional Investors Find Cryptocurrency Appealing: Survey
A new survey of about 800 institutional investors in the U.S. and Europe shows strong cryptocurrency adoption, particularly bitcoin. About 80% of institutions said they find cryptocurrency appealing, and 60% believe cryptocurrencies have a place in their portfolios. Crypto Appeals ... read more.
London's ETC Group to List Centrally Cleared Bitcoin ETP on Deutsche Börse’s Xetra
A UK-based financial services company will list a centrally cleared bitcoin exchange-traded product (ETP) on Deutsche Börse’s Xetra electronic trading market later this month. In a statement released on June 9, Etc Group said the contract, known as Bitcoin Exchange ... read more.
Chinese Authority Freezes Thousands of Cryptocurrency Traders' Bank Accounts
Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and supposedly can be unfrozen if ... read more.
Data Shows Bitcoin Options Markets Are Maturing Much Faster Than Futures
Data from the crypto analytical firm Skew.com shows that bitcoin options are maturing much faster than the futures markets launched in December 2017. Skew’s data shows that the open interest in bitcoin options has risen significantly in the last few ... read more.
Bolstering Privacy: Human Rights Foundation Donates $50K Toward Bitcoin Mixing Development
On June 10, 2020, the Human Rights Foundation (HRF) launched a fund that is dedicated to the development of tools that make the Bitcoin network “more private, decentralized, and resilient.” HRF’s initial gift of $50,000 will be given to the ... read more.
Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction
History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million - the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, ... read more.
Russian Ministry Slams Bill to Ban Crypto — Experts Warn Easy to Bypass, Creates Black Market
Russia's Ministry of Economic Development has informed parliament of its disapproval of the bill to ban cryptocurrency. Experts say a ban will be ineffective as people can use technology to bypass it, leading to the creation of an "uncontrolled black ... read more.
Bitpay Reveals Crypto-to-Fiat Prepaid Mastercard, Firm's Flagship Visa Card Ends in December
On June 11, 2020, the cryptocurrency payment services provider, Bitpay announced the firm is launching a prepaid Mastercard that can be loaded with a variety of digital assets. The Atlanta-based company says the card can be spent anywhere Mastercard is ... read more.
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US Financial Services Committee Hearing Discussed the Creation of a 'Digital Dollar' | Finance - Bitcoin News
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