Report: Russian Duma May Delay Cryptocurrency Law Until Fall
Jul09

Report: Russian Duma May Delay Cryptocurrency Law Until Fall

Russia’s State Duma may be unable to pass the “On Digital Financial Assets” (DFA) cryptocurrency legislation until its autumn session, Russian media outlet TASS reported today. According to State Duma Committee on Financial Markets head Anatoly Aksakov, lawmakers have yet to reach agreement on the central question of how Russian law will treat cryptocurrencies.

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UAE Warns Residents About Scam Claiming Crown Prince’s Endorsement of Bitcoin Trading Scheme
Jun30

UAE Warns Residents About Scam Claiming Crown Prince’s Endorsement of Bitcoin Trading Scheme

The government of Abu Dhabi has warned residents to avoid a new Bitcoin trading scam that promises to make them rich in as little as seven days. According to a report from The National, the scheme falsely claims support from Sheikh Mohamed bin Zayed, the UAE’s Crown Prince:

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Bitcoin Continues to Rally, Tops $12k
Jun26

Bitcoin Continues to Rally, Tops $12k

The Bitcoin markets continued their rally on Wednesday, as trading sent the price of the world’s most well-known cryptocurrency past the $12,000 mark. During intraday trading, the price went even higher, passing the $13,000 milestone before plunging back below $12,000. At press time, Bitcoin’s price had recovered to $12,620.

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Bitcoin Briefly Rallies Past $11,000
Jun22

Bitcoin Briefly Rallies Past $11,000

Bitcoin’s recent rally continued on Saturday, as the price of the world’s most well-known digital currency briefly rose above $11,000, its highest value in more than a year. That surge came less than 24-hours after traders drove the price past $10,000 on Friday. The Bitcoin price was $10,595 at press time.

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Tass: Russian State Duma May Adopt Cryptocurrency Bill in Next Two Weeks
Jun19

Tass: Russian State Duma May Adopt Cryptocurrency Bill in Next Two Weeks

The Russian State Duma could approve a long-anticipated cryptocurrency bill within the next couple of weeks, according to a Tass media report. In remarks to journalists, Deputy Finance Minister Alexei Moiseev suggested that the country’s parliament could accept the bill in the second reading:

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Europol Reveals New Game Designed to Teach Investigators to Trace Cryptocurrency
Jun15

Europol Reveals New Game Designed to Teach Investigators to Trace Cryptocurrency

Cryptocurrency experts from the worlds of law enforcement and private industry gathered at Europol’s European Cybercrime Center in The Hague from June 12th to the 14th, for Europe’s biggest cryptocurrency law enforcement conference. Europol revealed to the conference attendees that it has partnered with the Centre of Excellence in Terrorism, Resilience, Intelligence and Organised Crime Research (CENTRIC) to develop a “serious game” to train investigators to trace cryptocurrency transactions.

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Lithuania Readying Cryptocurrency Regs
Jun14

Lithuania Readying Cryptocurrency Regs

Lithuania’s government is moving closer to initiating regulation of its cryptocurrency space after approving new rules this week, Lithuanian media outlet Delfi reports. The new regulatory measures are part of the country’s effort to reduce the risk of money laundering and terror financing.

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Bakkt to Begin User Acceptance Testing for Bitcoin Futures on July 22
Jun13

Bakkt to Begin User Acceptance Testing for Bitcoin Futures on July 22

Bakkt COO Adam White announced in a blog post today that the company will begin user acceptance testing for its anticipated Bitcoin futures on July 22, 2019. The platform’s futures product is expected to be followed by other cryptocurrency offerings in the future.

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Some Vancouver Officials Urging Ban on Bitcoin ATMS
Jun08

Some Vancouver Officials Urging Ban on Bitcoin ATMS

Some officials in Vancouver have taken aim at the city’s more than five dozen Bitcoin ATMs, with the mayor reportedly calling for a ban on the machines, The Star reports. The largely unregulated cryptocurrency ATMs have been criticized by Vancouver’s police as ideal vehicles for money laundering.

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Report: G20 Countries May Seek Single Registry of Cryptocurrency Exchanges
May31

Report: G20 Countries May Seek Single Registry of Cryptocurrency Exchanges

When central bankers and finance ministers from the Group of 20 (G20) countries meet in Fukuoka, Japan in June, they are reportedly hoping to come to an agreement on cryptocurrency exchange oversight. In fact, a report from Nikkei Asian Review on Friday suggests that they are eyeing the creation of a single registry for all cryptocurrency exchanges around the world.

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AT&T Becomes First U.S. Mobile Carrier to Accept Crypto Payments
May23

AT&T Becomes First U.S. Mobile Carrier to Accept Crypto Payments

U.S. telecom giant AT&T announced in a press release today that its customers will now be able to use BitPay to make online bill payments in cryptocurrency. With the announcement, the company declared itself the “first major U.S. mobile carrier” to offer its customers the ability to pay bills with digital currency.

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FATF Order Prompts Delay of Russian Crypto Bill
May21

FATF Order Prompts Delay of Russian Crypto Bill

Russia’s cryptocurrency legislation is reportedly “stuck” due to requirements demanded by the Financial Action Task Force Commission (FATF), TASS reported today. FATF has insisted that the country’s legislators revise the proposed Digital Financial Assets (DFA) bill to include crypto-related terms that lawmakers previously removed.

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IRS Tells Congress it Will Prioritize Crypto Tax Guidance
May20

IRS Tells Congress it Will Prioritize Crypto Tax Guidance

The Internal Revenue Services has responded to an April 11 letter from Congressman Tom Emmer and 20 other congressional representatives, which requested that the agency provide clearer tax guidelines for cryptocurrency users. In his response, IRS Commissioner Charles P. Rettig promised that he has made the issuance of those guidelines a priority for his agency.

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After Chaotic Week, Bitcoin Rallies to $8200
May19

After Chaotic Week, Bitcoin Rallies to $8200

Bitcoin’s price rallied by about 10 percent during the last 24 hours, and once again surpassed the $8,000 mark to settle on a press-time price of $8,201. That rally came after a chaotic week that saw prices push to around $8.300 before dropping about $1,000 in less than an hour. That drop was reportedly triggered by a large-volume sale on Bitstamp and subsequent panic selling by crypto traders.

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SEC Delays Bitwise ETF Decision Again
May14

SEC Delays Bitwise ETF Decision Again

The United States Securities and Exchange Commission (SEC) published a decision on Tuesday confirming that it has once again delayed any decision on Bitwise Asset Management’s proposed Bitcoin exchange-traded-fund, or ETF. In its filing, the regulatory agency requested public comment on the issue.

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Treasury Official Calls on Crypto Industry to Comply with AML/CTF Regs
May13

Treasury Official Calls on Crypto Industry to Comply with AML/CTF Regs

In remarks to an audience at CoinDesk Consensus in New York, U.S. Treasury Department Terrorism and Financial Intelligence Under Secretary Sigal Mandelker called on the cryptocurrency industry to do more to comply with anti-money laundering and counter-terrorist financing (AML/CTF) regulations. During that speech, she suggested that industry actors have a duty to serve U.S. national security, Yahoo Finance reports.

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Bitcoin Surges, Approaching $7k Mark
May11

Bitcoin Surges, Approaching $7k Mark

Bitcoin’s price has surged in the last 24 hours, pushing past $6,900 and approaching the $7,000 mark. The world’s most well-known cryptocurrency’s sudden price bounce also appears to have buoyed the broader crypto markets, as other major coins like bitcoin cash, Ethereum, and Litecoin all enjoyed roughly double-digit price increases during that same period.

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U.S Congressman Urges Ban on Cryptocurrency
May10

U.S Congressman Urges Ban on Cryptocurrency

On Thursday, U.S. Congressman Brad Sherman asked his colleagues to join him in supporting legislation that would ban cryptocurrencies in the United States. The non-profit Coin Center confirmed the California Democrat’s statement by posting a video of his comments on Twitter.

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Facebook Easing Ban on Crypto
May09

Facebook Easing Ban on Crypto

Facebook has announced that it will be easing restrictions on cryptocurrency and blockchain-related advertising. The company had banned cryptocurrency and initial coin offering ads in January 2018, citing concerns about potential advertising scams. This latest move comes on the heels of last June’s decision to allow some advertising for advertisers who obtain written pre-approval from the company.

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Binance Says Hackers Stole Bitcoin Worth $40M
May08

Binance Says Hackers Stole Bitcoin Worth $40M

Binance confirmed on Wednesday that hackers had breached its security and stolen 7,000 Bitcoin, worth roughly $ 40 million. CEO Zhao Changpeng described the hack in a bog post on the Binance website, and promised users that the company’s safety fund would cover any potential customer losses:

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