Missoula County Eyes New Zoning Regs to Address Crypto Mining Power Consumption
Mar21

Missoula County Eyes New Zoning Regs to Address Crypto Mining Power Consumption

Missoula County, Montana commissioners have instructed their staff to begin work on interim zoning rules that would regulate power usage for companies like cryptocurrency miners, The Missoulian reported today. The move comes in the wake of two previous discussions about energy usage at the Bonner HyperBlock center.

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Cboe Will Not Add New Bitcoin Futures Contracts, Assessing Future Crypto Plans
Mar18

Cboe Will Not Add New Bitcoin Futures Contracts, Assessing Future Crypto Plans

Cboe has confirmed that it will not be adding additional bitcoin futures contracts in March, though the company suggested that it is not completely ruling out future crypto derivatives. Cboe Global Markets was the first to roll out bitcoin futures in December 2017, at the height of the cryptocurrency boom.

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E-commerce Giant Bans Crypto After PayPal Investment
Mar18

E-commerce Giant Bans Crypto After PayPal Investment

Latin America’s largest e-commerce giant Mercado Libre will end more than 20,000 crypto ads from March 19 after banning cryptocurrency on its platform, according to a report from the daily hodl.

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Canada Seeks Overhaul of Securities Regulations to Address Crypto Exchange Risks
Mar16

Canada Seeks Overhaul of Securities Regulations to Address Crypto Exchange Risks

Canadian officials are looking to modify their securities regulations to include cryptocurrency exchanges and reduce risk to consumers, Bloomberg reported this week. According to reports, the officials are asking for feedback to help them create a ‘tailored framework’ for oversight of the industry:

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Winklevoss Twins: Regulation Needed to Address Crypto ‘Trust Problem’
Mar10

Winklevoss Twins: Regulation Needed to Address Crypto ‘Trust Problem’

During remarks at the South by Southwest event in Austin, TX this week, Cameron and Tyler Winklevoss told attendees that the crypto industry needs to build trust if it wants to play a role in the future of money, the Statesman reported on Friday. The Gemini cryptocurrency exchange founders repeated their calls for regulatory oversight of the industry.

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UN Panel Report: North Korea Evading Sanctions with Crypto Hacks
Mar09

UN Panel Report: North Korea Evading Sanctions with Crypto Hacks

The United Nations will soon publish a report that highlights the extent to which North Korean leadership has relied on cyberattacks to evade sanctions, according to a recent article from Nikkei Asian Review. Nikkei claims to have obtained a report that the UN is expected to publish next week, in which a panel of security experts concluded that the communist regime used cybertheft to steal roughly $670 million in recent years.

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Venezuelan Govt Launches Crypto Remittance Service
Mar05

Venezuelan Govt Launches Crypto Remittance Service

The Venezuelan government has launched a new service to facilitate Bitcoin and Litecoin remittances to the country’s citizens. Launched by the nation’s Superintendency of Cryptoassets and Related Activities (Sunacrip), the new remittance services are accessible via the Patria Platform:

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Starbucks Reportedly Preparing To Accept Payments Through Bakkt
Mar05

Starbucks Reportedly Preparing To Accept Payments Through Bakkt

It has been suggested that coffee giant Starbucks could soon begin accepting Bitcoin payments from its U.S. customers after reportedly planning to support payment software under development by soon-to-launch cryptocurrency trading platform Bakkt, according to a March 4. report by The Block.

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Cryptopia Exchange Set To Reopen Tuesday March 5 After Slight Launch Delay
Mar04

Cryptopia Exchange Set To Reopen Tuesday March 5 After Slight Launch Delay

Recently hacked cryptocurrency exchange Cryptopia has cited a slight delay to its plans to reopen its trading platform Monday, and has set a new launch target for Tuesday March 5.

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Japanese Authorities: Tenfold Increase in Crypto Money Laundering Reports in 2018
Mar01

Japanese Authorities: Tenfold Increase in Crypto Money Laundering Reports in 2018

Japan’s National Police Agency (NPA) revealed this week that they had received more than 7,000 reports of suspected money laundering last year, according to a February 28 article in The Japan Times. All totaled, crypto-related cases represented roughly 1.7 percent of the more than 417,000 money laundering reports received by the police in 2018.

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Indonesia Announces New Crypto Regulatory Framework
Feb18

Indonesia Announces New Crypto Regulatory Framework

The Indonesian Bappebti, the country’s Commodity Futures Trading Regulatory Agency, has announced the establishment of a new regulatory framework to govern digital assets futures markets, according to Finance Magnates. The framework will require cryptocurrency exchanges operating in the country to register and obtain approval first.

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Liechtenstein Postal Service Now Offers Customers On-Site Crypto Exchange Services
Feb17

Liechtenstein Postal Service Now Offers Customers On-Site Crypto Exchange Services

Liechtenstein’s postal service this week announced that it will now provide its customers with cryptocurrency exchange services at its post office locations. During the first phase of the effort, these services will be available at the Liechtensteinische Post AG’s office in the capital of Vaduz, with plans to extend the service to other post office locations.

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Japanese Association Asks FSA to Lower Crypto Tax Rate
Feb15

Japanese Association Asks FSA to Lower Crypto Tax Rate

A leading Japanese business association has asked the country’s Financial Services Agency (FSA) to lower the rate at which taxes are assessed for cryptocurrency trading. The request from the Japan Association of New Economy (JANE) asked the regulator to use progressive rather than general taxation, according to a February 14 report from Cointelegraph Japan.

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Kapersky Lab: 13% of People Have Used Crypto for Purchases
Feb13

Kapersky Lab: 13% of People Have Used Crypto for Purchases

A recent press statement from Kapersky Lab highlighted the results of the company’s Global IT security Risks Survey 2018, which found that 13% of surveyed respondents said that they have used cryptocurrency to make a purchase. The company also noted a rise in sophisticated actors targeting consumers’ cryptocurrency assets for theft.

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OSC Confirms It is “Looking Into” QuadrigaCX Matter
Feb08

OSC Confirms It is “Looking Into” QuadrigaCX Matter

The Ontario Securities Commission confirmed in a statement to Reuters on Friday that regulators are looking into the issues surrounding QuadrigaCX, the besieged Canadian cryptocurrency company whose founder passed away in December. The OSC cited concerns about potential harm for investors as a reason for its interest, though commission spokesperson Kristen Rose refused to confirm that there is an official investigation.

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JP Morgan Analyst: Crypto Price Stability Could Help Renew Institutional Investor Interest
Feb07

JP Morgan Analyst: Crypto Price Stability Could Help Renew Institutional Investor Interest

JP Morgan analyst Nikolaos Panigirtzoglou said this week that continuing price stability in the cryptocurrency markets could help contribute to renewed institutional investor interest. Appearing on Tuesday’s CNBC Futures Now, Panigirtzoglou predicted that the current lack of interest is probably temporary:

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EU and EFTA Coinbase Customers Can Now Withdraw Funds to PayPal
Feb07

EU and EFTA Coinbase Customers Can Now Withdraw Funds to PayPal

U.S.-based cryptocurrency exchange Coinbase announced in a blog post Tuesday that its customers throughout the European Union and the European Free Trade Association nations can now withdraw funds to their PayPal accounts. The company had previously restored PayPal withdrawal support to U.S. customers in late 2018.

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QuadrigaCX Receives 30-Day Creditor Protection Stay Order
Feb05

QuadrigaCX Receives 30-Day Creditor Protection Stay Order

The Nova Scotia Supreme Court has granted Canadian cryptocurrency exchange QuadrigaCX temporary creditor protection by issuing a 30-day to prevent any lawsuits against the company from moving forward. The order was granted to give QuadrigaCX time to search for a way to access $250 million CAD in customer funds that the company has been unable to recover since the December death of founder Gerald Cotton, CBC reports.

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Appeals Court Overrules Judge Who Dismissed Miami Beach Resident’s Bitcoin-Related Charges
Feb02

Appeals Court Overrules Judge Who Dismissed Miami Beach Resident’s Bitcoin-Related Charges

The Third District Court of Appeal has overruled a Miami Judge’s decision dismissing felony charges against Miami Beach resident Michell Espinoza, clearing the way for prosecutors to reinstate the illegal money transmission and laundering charges. According to a report from the Miami Herald, the court order found that the defendant’s “bitcoins-for-cash business requires him to register as a payment instrument seller and money transmitter.”

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Wyoming Senate Passes Bill Clarifying Crypto’s Legal Status
Feb01

Wyoming Senate Passes Bill Clarifying Crypto’s Legal Status

In a 28-1 vote on Thursday, Wyoming’s Senate approved a bill designed to bring new clarity to cryptocurrency’s legal status in the state. That bill, SF0125, would formally recognize the property rights of cryptocurrency holders and create an opt-in framework to enable Wyoming banks to provide digital asset custodial services.

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