Trading volume on Finnish peer-to-peer bitcoin exchange platform LocalBitcoins hit the highest level since November 2018. Trading volume on Finnish peer-to-peer (P2P) bitcoin (BTC) exchange Localbitcoins hit a high not seen since November 2018, reveals data shown on cryptocurrency analytics website CoinDance. According to data from CoinDance, LocalBitcoins global weekly bitcoin trading volume hit $65.6 […]
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Regulatory pressures continue to have an effect on the most popular countries to mine cryptocurrencies. A move by the Iranian government to cut off the power supply to local Bitcoin (BTC) miners grabbed headlines in June amid a soaring price gain by the preeminent cryptocurrency. As Bitcoin surged to prices not seen since 2017, a […]
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Indian authorities arrest four individuals believed to be behind the crypto KBC, which allegedly used a pyramid scheme to encourage investments, promising a 100x ROI. The Criminal Investigation Department (CID) of India has arrested Vijay Prajapati, Dhiraj Patel, Kamruddin Syed, and Ashiq Shaikh, the alleged creators of the cryptocurrency KBC Coin, according to a report […]
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Canadian crypto exchange Coinsquare announced an initiative to turn “millions” of ATMs to bitcoin teller machines. Canadian exchange Coinsquare has acquired software allowing traditional ATMs to sell cryptocurrency such as bitcoin (BTC), according to a press release on July 3. Coinsquare announced a controlling investment in Just Cash, a United States-based fintech startup that has […]
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Crypto may help to solve microtransaction problems, as gamers are becoming disillusioned with industry leaders. The world of gaming has evolved immensely over the past decade, particularly when it comes to online transactions and purchases. For example, a market study conducted by LendEDU last year revealed that, out of a thousand gamers who were found […]
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ZenGo reportedly shows that its keyless wallet solution can support Facebook’s announced virtual currency Libra via testnet demonstrations. The non-custodial crypto wallet solution ZenGo has created an open source project that purportedly provides proof-of-concept (PoC) for its ability to support social media giant Facebook’s virtual currency Libra, according to an official announcement by ZenGo on […]
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The Financial Conduct Authority is planning a ban on crypto derivative products for retail investors. British financial watchdog, the Financial Conduct Authority (FCA), is preparing a potential ban on the sale of crypto derivatives to retail investors, according to an official document released on July 1. In the document, titled “Restricting contract for difference products […]
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Zimbabwean and South African bitcoin traders are facing a major surcharge on the coin. Bitcoin traders in Zimbabwe and South Africa are seeing skyrocketing premiums on their bitcoin (BTC), according to a report from financial news outlet Fxstreet on July 2. Amid new capital controls in South Africa and Zimbabwe’s recent ban on local trading […]
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Increased public awareness of Libra will inevitably flow into bitcoin, while banks will seriously suffer, say two new commentators. Facebook’s new cryptocurrency project really can boost bitcoin (BTC), new sources, among them a report from equity research platform Seeking Alpha, said this week. Capitalizing on existing theories about the social media giant’s Libra protocol, the […]
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Dutch ministers have called on the government to introduce new regulations on money laundering that would include cryptocurrency-related stipulations. Dutch ministers have urged the government to regulate cryptocurrencies and certain cash payments over money laundering concerns in a statement on July 1. The officials said that the government should ban cash payments over 3,000 euros, […]
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