Cryptocurrency payment startup C Labs recruits former managing vice president at Capital One to oversee the company’s compliance strategy. Cryptocurrency payment startup C Labs has hired former United States government official Jai Ramaswamy to oversee the company’s compliance strategy. On Nov. 26, Coindesk reported that Ramaswamy had joined C Labs, the company responsible for Celo, […]
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The South Korean National Assembly has progressed a bill to provide a legal foundation for cryptocurrencies in the country. South Korea’s National Assembly is progressing a bill that will provide a legal basis for cryptocurrencies in the country. The bill categorizes virtual currencies as digital assets and intends to bring regulatory clarity and transparency to […]
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Crypto exchanges handle the greatest part of cryptocurrency trades carried out every single day. But how did their security measures change over the years? Bitcoin was designed as a peer-to-peer cryptocurrency, but as the network expanded, there was no way to avoid the growing influence of centralized crypto exchanges. Soon after Bitcoin’s launch, more people […]
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New York-based blockchain analytics firm Chainalysis sacks 39 of its employees to cut costs and extend profits. Blockchain analytics firm Chainalysis is reportedly letting go of 39 of its employees in order to become more profitable. On Nov. 21, Coindesk reported that Chainalysis is cutting its workforce by nearly 20%, eliminating positions across the board […]
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Following the ban of crypto purchases with credit card, Argentina’s P2P Bitcoin trading volume reaches an all-time high. Argentina’s central bank had formally banned consumers from purchasing Bitcoin (BTC) and other cryptocurrency using credit cards on Nov. 1. What followed was the very opposite of what the Argentine government had anticipated — over the past […]
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The number of Bitcoin ATMs installed worldwide has reached a new milestone. Coincidentally, regulators start looking to apply more scrutiny. Earlier this week, the number of Bitcoin (BTC) ATMs installed worldwide reached a new milestone, surpassing 6,000. Coincidentally, another major development just a day before occurred within the same area: The United States Internal Revenue […]
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LocalBitcoins continues its path to full regulation with an official license from the Finnish Financial Services Authority. The Finnish Financial Services Authority (FIN-FSA) has officially registered LocalBitcoins as a virtual currency provider, starting at the beginning of November 2019. Finland only allows officially registered providers who fulfill the legal requirements to operate in the country. […]
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FinCEN Director Kenneth Blanco said that Anti-Money Laundering laws will be strictly enforced in the world of crypto. The United States Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco said that Anti-Money Laundering (AML) laws will be strictly enforced in the world of cryptocurrencies. On Nov. 15, Reuters reported that Blanco made it crystal clear […]
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While money laundering is noted as a key fear of regulators, the numbers shows fiat currency is still the main choice of criminals. Cryptocurrencies came to life as a counterweight to the global financial restrictions that are powered by banks and regulators through the use of fiat. Therefore, it is fitting that Bitcoin (BTC) broke […]
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Venture capital firm Andreessen Horowitz leads a $5 million funding round for Arweave, a blockchain startup focused on permanent online data storage. Venture capital firm Andreessen Horowitz has led a $5 million funding round for Arweave, a blockchain-startup focused on permanent online data storage. On Nov. 5, the Arweave project reported that it had attracted […]
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