Binance’s lax KYC requirements are creating more legal problems for the exchange. Binance’s famously light Know Your Customer requirements are being targeted by the current owners of Zaif, a Japanese cryptocurrency exchange that got hacked in 2018. Plaintiffs are claiming that its weak KYC requirements and high daily withdrawal limit facilitated the laundering of $60 […]
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An Indian startup plans to take DApps and decentralized services out of the “stone age era of communication.” An Indian startup has built a decentralized notification protocol dubbed Ethereum Push Notification Service (EPNS) allowing DApps to send push notifications to Ethereum wallet users. Speaking to Cointelegraph, EPNS founder Richa Joshi said that they developed the […]
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A new report from Chainalysis has found that Eastern Europe is responsible for more darknet activity and ransomware volume than any other region. Blockchain forensics firm Chainalysis has found that darknet markets exert a disproportionate presence in Eastern Europe’s crypto sector. In an excerpt from Chainalysis’ 2020 Geography of Cryptocurrency Report, the firm asserts that […]
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Prior to COVID-19, six leading banks had a market cap above Bitcoin’s. How many still do? Since the outbreak of COVID-19, the world’s 14 largest banks have lost $635.33 billion in market capitalization. This is more than three times the current market capitalization of Bitcoin (BTC) and almost double the capitalization of all cryptocurrencies. Market […]
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Virtual asset service providers (VASPs) are looking for effective cryptocurrency compliance solutions as new regulations are introduced globally to combat illicit activity on the blockchain. What solutions are available to them? With the exposure of traditional banks and financial institutions to crypto-assets and all the risks involved, as well as the continued advice from governmental […]
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Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum. Most retail traders find it difficult to go against the herd and buy when the market is down. They generally wait for the price to recover and for improvements in sentiment before jumping in. […]
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At $16,500, Bitcoin’s market cap would match that of JPMorgan, illustrating just how early the crypto sector is in its growth phase. The sentiment around Bitcoin (BTC) has become noticeably positive after the breakout above $12,000 in August. If this momentum continuously strengthens over the medium term and BTC hits $16,500, it would equal JPMorgan’s […]
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With DeFi platforms bringing in profits for users, jumping onto this wagon seems to be highly attractive. But how easy is it to do? In 2020, as a result of the economic crisis caused by the spread of COVID-19, the world financial system is facing an increasing number of problems. The authorities of large countries […]
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MicroStrategy has outperformed Nasdaq since buying BTC. Now it’s doubling down. MicroStrategy’s board of directors elected to make Bitcoin (BTC) the company’s primary reserve asset. The SEC disclosure stated that this may lead to the future expansion of the company’s cryptocurrency holdings beyond the original purchase of 21,454 BTC, equivalent to $250 million: “Bitcoin serving as […]
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The price of Bitcoin broke out of the $10,570 resistance level, possibly marking the start of a new range but some traders remain neutral in the medium term. The price of Bitcoin (BTC) increased by 3% in the last 24 hours from $10,322 to $10,680. But BTC still faces a significant resistance level around $11,000 […]
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