Researchers say 2020 is on track to become a record-breaking year for cryptocurrency-related thefts, hacks and fraud. Researchers say 2020 is on track to become a record-breaking year for cryptocurrency-related thefts, hacks and fraud. Digital asset intelligence firm CipherTrace released a report on June 2 revealing that in the first five months of this year […]
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From today onwards, Canadian firms operating with virtual currencies will be legally recognized as Money Service Businesses. Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada. June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in […]
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A frenzied period for major exchanges produces unusual phenomena and huge volumes, while Coinbase bows out. Bitcoin (BTC) hitting $10,000 has been frantic activity on exchanges — investors are buying the largest cryptocurrency at five figures, not selling. According to data from monitoring resource Coin Metrics on June 2, one 10-minute period alone saw trading […]
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Venezuelan petrol stations now support the state-issued Petro cryptocurrencies, however, the rollout comes amid an aggressive adjustment to the country’s petrol regime. Venezuela has announced that petrol stations across the nation will sell gasoline at a reduced price in exchange for the country’s state-issued, oil-backed cryptocurrency, the Petro. However, the announcement comes alongside the removal […]
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Indian technology company Tech Mahinda signed a partnership with edtech firm Idealabs to offer blockchain certification courses. Leading Indian technology company Tech Mahindra has partnered with edtech startup Idealabs to offer blockchain certification courses. The certification course will be offered as a combination of live online and in-person, on-campus classes. Students enrolling for the course […]
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Taro Aso might not be willing to support legislation in Japan treating cryptocurrency-related income the same as that for stocks. Finance Minister Taro Aso suggested he was unwilling to push for lowering the tax rate on cryptocurrencies in Japan to a flat 20% because it’s difficult for many households to invest in digital assets. Aso […]
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The ODL index for XRP/AUD exceeded the previous all-time high value of $15,640,530 despite the price of XRP staying relatively flat. On-Demand Liquidity (ODL) for XRP paired with the Australian dollar reached a new all-time high of 15,640,530 AUD on the exchange BTC Markets. According to a recent tweet from the Liquidity Index Bot, the […]
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According to Bloomberg, financial giant Western Union has made an offer to purchase cross-border payments company MoneyGram. Western Union might be purchasing cross-border payments company MoneyGram. According to a June 1 article on Bloomberg, the payments giant recently made a takeover offer for MoneyGram. If successful, this would combine the two of the biggest money-transfer […]
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Bitcoin price broke the $10,000 barrier and rallied to $10,380 for the first time in 3 months. Within the last hour Bitcoin (BTC) price abruptly surged to $10,380 after spending the last month trading in a symmetrical triangle pattern. The move above the crucial $10K mark occurred as U.S. President Donald Trump mobilized local police […]
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Pixelmatic hopes to use the support of major crypto players for mainstream gamer adoption of digital currency with its INF token. Prominent Bitcoin figures are working together to ensure the alpha release of Pixelmatic’s Infinite Fleet space adventure game is launched by the end of 2020. Infinite Fleet, under the leadership of Blockstream Chief Strategy […]
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