The United States Securities and Exchange Commission reaches $10 million settlement with a Dallas-based digital assets company and its founders. The United States Securities and Exchange Commission (SEC), a primary governmental regulator, has settled charges with digital assets company Bitqyck Inc. and its founders. Smart contracts and crypto mining? The SEC announced the development in […]
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Crypto exchange Binance has launched its new developer-focused platform Binance X to foster new blockchain and crypto projects. Major global crypto exchange Binance has introduced its new developer-focused project, called Binance X. Bringing devs to relevant Binance programs The exchange launched Binance X on Aug. 29, aiming to provide blockchain developers with all necessary resources […]
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A United Nations official warned that cryptocurrencies have made combating money laundering significantly harder. Neil Wals, chief of the United Nations Office on Drugs and Crime Global Cybercrime Program, warned that cryptocurrencies have made combating money laundering significantly harder. Australian news outlet ABC reported on Aug. 29 that Wals said cryptocurrencies make fighting cybercrime, money […]
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The Portuguese Tax and Customs Authority clarified that there is no income tax on Bitcoin and cryptocurrency in the country. Portugal’s Tax Authority has clarified that both cryptocurrency trading and payments in crypto will not be taxed in the country, Cointelegraph Spain reported on Aug. 27. According to a report published on Aug. 26 by […]
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PNC bank has become the first United States bank to start using the RippleNet blockchain network for cross-border payments. PNC — the United States’ eighth-largest bank, with almost $400 billion in assets — has become the country’s first to start using the RippleNet blockchain network for cross-border payments. Fintech Futures reported on Aug. 29 that […]
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The Bitcoin price has dropped sharply below $10,000, marking a new weekly low and sending the currency back to where it started the 30-day period. The price of Bitcoin (BTC) has dropped dramatically today, falling by $600 at 6:00 p.m. UTC on Aug. 28. In the course of an hour, the Bitcoin price sank from […]
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Bitcoin is getting ready for a large move. At what level does it become a buy? Let’s analyze the charts. In the past few weeks, both Bitcoin and gold have attracted investors who have flocked to safe haven assets due to trade wars and an uncertain geopolitical environment. While traditional investors prefer investing in gold, […]
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Countries and internet companies hold on to hard stances on cryptocurrency advertising, as the industry seeks to survive the challenges. The United Kingdom’s Advertising Standards Authority (ASA) recently resolved a complaint regarding advertising of Bitcoin (BTC) from the BitMEX crypto derivatives exchange. According to the ASA, the website showed Bitcoin graphs with misleading price dynamics […]
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EY, the auditing firm working on the QuadrigaCX bankruptcy case, asked a Nova Scotia Supreme Court judge to move the proceedings to Toronto. EY, the Big Four accounting firm appointed to work on the QuadrigaCX crypto exchange bankruptcy case, wants to move the proceedings from Halifax to Toronto. Local news outlet The Star reports on […]
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Bakkt clients will be able to start depositing their Bitcoin in the platform’s custodial offering, Bakkt Warehouse, starting Sept. 6. Bakkt clients will be able to start depositing their funds in the Bakkt Warehouse for physically delivered Bitcoin (BTC) futures starting Sept. 6. Bakkt to debut futures trading on Sept. 23 On Aug. 28, the […]
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