Venezuela Lists Six Exchanges for Negotiating Petro Trading

Venezuela Lists Six Exchanges for Negotiating Petro Trading

The Venezuelan government under President Nicolas Maduro has announced that it is negotiating with six cryptocurrency exchanges to trade Petro and has provided authorization to them for this purpose. While the move was announced amid much government hype, the number is still less than the earlier announcement of 16 exchanges by Maduro. Petro itself has […]

JPMorgan Fintech Campus Set for 2020: “Silicon Valley Is Coming.”

JPMorgan Fintech Campus Set for 2020: “Silicon Valley Is Coming.”

In 2019 JPMorgan, America’s largest bank by assets will start the development of a “new fintech campus” in Palo Alto, Silicon Valley, as part of the bank’s long-term plan to further embrace fintech. The campus for over 1000 employees will be set in prime commercial real estate wedged between Google and Facebook on a plot of […]

Crypto Faces Global AML Regulations by June 2019, Says Watchdog

Crypto Faces Global AML Regulations by June 2019, Says International Watchdog

The international watchdog focused on anti-money laundering (AML) regulations has said it plans to institute a global framework for cryptocurrency beginning in June next year. As Reuters reports, the Paris-based Financial Action Task Force (FATF) has taken a significant step forward in the process of regulating the famously unregulated market of digital currencies with its announcement this week. […]

BitcoinNews.com Daily Podcast 19th October 2018

Daily Podcast: The New Free and Convenient Way to Listen to the Latest Bitcoin and Cryptocurrency News

Listen to the 19 October 2018 BitcoinNews.com Daily Podcast below. [su_audio url=”https://anchor.fm/s/58aba88/podcast/play/1570233/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fproduction%2F2018-9-19%2F5260097-44100-2-2bbc044e6d9b2.mp3″] On this edition of the BitcoinNews.com Daily Podcast, we discuss the 27.6% tariff on imported Chinese crypto mining rigs in the United States, and a USD 2.5 million judgement in the CFTC’s first crypto related enforcement action. Learn about A Cypherpunk’s Manifesto which discussed […]

Huobi Launching Universal Stablecoin HUSD

Huobi Launching Universal Stablecoin HUSD

Huobi, one of the top 3 crypto exchanges in the world with hundreds of millions of USD trading volume per day has announced the launch of a universal stablecoin called HUSD. HUSD can be interchanged with the Gemini Dollar (GUSD), USD Coin (USDC) which is managed by Circle, True USD (TUSD), and Paxos Standard (PAX). The official […]

First Bitcoin-Related CFTC Enforcement Action Wins USD 2.5 Million Judgement

First CFTC Enforcement Action Related To Bitcoin Wins USD 2.5 Million Judgement

On 16 October 2018, a New York Federal Court ordered Gelfman Blueprint Inc., and the CEO Nicholas Gelfman, to pay USD 2.5 million restitution and fines. This is a successful end to the Commodity Future Trading Commission’s (CFTC) first Bitcoin-related anti-fraud enforcement action, an endeavor which began on 21 September 2017. From 2014 through January […]

North America: Crypto and Blockchain News Roundup 12-18 October 2018

North America: Crypto and Blockchain News Roundup 12-18 October 2018

North America Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country. USA Department of Justice to Auction 660 BTC: The US Department of Justice is selling 660 BTC ($4.2 million) that were accumulated from various criminal […]

Japanese Committee Fights to Simplify Crypto Tax

Japanese Committee Fights to Simplify Crypto Tax

One Japanese political committee has taken it upon itself to fight for a simplified cryptocurrency tax plan. The Government Taxation Investigation Committee (GTIC), which serves as an advisory body to the Prime Minister, began discussions on Wednesday to propose a simplified cryptocurrency tax payment plan, which they say is currently unnecessarily complex in Japan. The committee argues that […]