$515 million in Bitcoin has been spent on illegal activities in 2019, but this only accounts for 1% of total BTC transactions. Recent research by Chainanalysis suggests that the amount of bitcoin (BTC) spent on illegal transactions this year could hit a record high of $1 billion, even as the ratio of illegal to legal […]
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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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Financial services firm Jefferies’ recent survey indicates that American users will hardly use Facebook’s forthcoming stablecoin Libra due to a lack of trust. Financial services firm Jefferies’ recent survey indicates that American users will hardly use Facebook’s forthcoming stablecoin Libra due to a lack of trust, The Block reported on July 1 In the survey, […]
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BAM Trading Services, the operator of Binance US, has appointed a former Ripple exec as CEO to oversee the launch of the platform. The operator of United States-based division of Binance crypto exchange has appointed former Ripple exec as its new CEO, the company officially announced on July 2. BAM Trading Services (BAM), the operator […]
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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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Most of the top 20 cryptocurrencies are reporting moderate losses on the day as Bitcoin hovers over the $10,600 mark again. Tuesday, July 2 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as Bitcoin (BTC) hovers over the $10,600 mark again. Market visualization courtesy of Coin360 […]
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Why IBM’s blockchain can’t be called a blockchain in the strict sense of the word. Stuart Popejoy has 15 years experience in building trading systems and exchange backbones for the financial industry. Prior to сo-founding Kadena in 2016 with Will Martino, Stuart worked at JPMorgan Chase in the new products division, where he led and […]
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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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Bitcoin mining operator Argo is seeing soaring profits in line with the current bitcoin bull market. United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on July 2. Argo, which previously said it had benefited from the upturn in bitcoin prices, said […]
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The current bitcoin-tether relationship continues a standard historical trend, Jesse Powell told the media. Bitcoin (BTC) is benefitting from inflows of fiat currency as stablecoin Tether (USDT) increases its supply, the CEO of cryptocurrency exchange Kraken told finance news channel TD Ameritrade Network on July 1. In an interview, Jesse Powell took issue with suspicions […]
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