The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 […]
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Popular P2P exchange LocalBitcoins traded 3,144 bitcoins during one week in February, which is the lowest since 2013. Popular peer-to-peer (P2P) crypto trading exchange LocalBitcoins saw a major decline in Bitcoin (BTC) trading volumes amid apparent user uncertainty. According to data from Bitcoin (BTC) statistics website Coin Dance, global Bitcoin trading volumes on LocalBitcoins exchange […]
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Big Four accounting firm KPMG issued a new report on crypto assets, estimating that more than $9.8 billion in cryptocurrency has been stolen by hackers since 2017. Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 […]
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Binance announced a partnership with Turkey’s major bank, and Changpeng Zhao told the details to Cointelegraph. Major crypto exchange Binance announced that their fiat on-ramp for Turkish Lira is live thanks to a partnership with major Turkish bank Akbank, Cointelegraph Turkey reported on March 2. Binance users from Turkey can now deposit and withdraw directly […]
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EOSIO says reports of EOS network degradation are inaccurate, blockchain is performing at levels exceeding the capacities of major crypto exchanges. Earlier in January 2020, Block.one released EOSIO 2.0 as an upgraded set of protocol improvements for the software underlying the $3.2 billion EOS blockchain. Following the release of the new version of EOSIO, some […]
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Bitfinex, the 11th largest cryptocurrency exchange by daily trading volume, will remove dozens of crypto trading pairs later on this week. Bitfinex, the 11th largest cryptocurrency exchange by daily trading volume, will remove dozens of cryptocurrency trading pairs later this week. According to a March 2 blog post, Bitfinex will remove 46 crypto trading pairs […]
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Lloyd’s now provides a new type of liability insurance policy aimed to cover losses fo cryptocurrencies stolen from hot wallets. Insurance giant Lloyd’s of London now provides a new type of liability insurance policy to protect cryptocurrency in hot wallets that is lost by theft. Lloyd’s new offering was developed by Lloyd’s syndicate Atrium together […]
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MoneyGram has reclassified $11.3 million in “Ripple market development fees” from revenue to contra expenses. A United States Securities and Exchange Commission (SEC) 8-K filing by remittance processor, MoneyGram, has revealed that Ripple has been injecting a significant amount of funds into the business since its investment in the company in June 2019. But according […]
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Huobi announced the launch of its open-source decentralized finance platform for public beta testing. Huobi, a major cryptocurrency exchange, announced the public testnet launch of its open-source decentralized finance (DeFi) blockchain, Huobi Chain, on Feb. 29. Its aim is to provide a regulator-friendly framework for financial services companies to deploy applications in a variety of […]
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According to the Japan Virtual Currency Exchange Association, the three companies registered with Japan’s FSA on March 2nd. The Japan Virtual Currency Exchange Association (JVCEA) — the official self-regulatory organization for the crypto industry in Japan — announced on Mar. 2 that three additional companies have just registered as second-class members. Coinbase, Digital Asset Markets, […]
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