Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year. Cryptocurrency businesses in the United Kingdom have been struggling to meet Anti-Money Laundering standards set by the Financial Conduct Authority, according to a senior official. John Glen, a member of U.K. Parliament …
Continue reading “Crypto firms not meeting AML standards, says UK minister”
The ATO said it already knows who is invested in cryptocurrencies and expects cooperation. The Australian Taxation Office has urged citizens to accurately report any profits made in the process of trading cryptocurrencies like Bitcoin (BTC), anticipating tax filings from a pool of 600,000 Aussies who it now believes to be invested in digital assets. …
Continue reading “Australian tax office: Report crypto profits or else”
The BOJ governor says Bitcoin is a speculative play, while issuing warnings over price volatility. Haruhiko Kuroda, governor of the Bank of Japan, has joined the roll call of central bankers taking aim at Bitcoin (BTC) amid the current volatility. According to a report by Bloomberg on Friday, Kuroda argued against the value proposition of …
Continue reading “Bank of Japan governor slams Bitcoin, calls BTC a speculative asset”
Cathie Wood, an iconic crypto investor, has reassured Bitcoin investors is stating that in her view the bitcoin cannot be banned and as such the market is very much here to stay. Her comments come amidst a harsh regulatory climate that is weighing on cryptocurrencies. Cryptocurrencies have been under heavy scrutiny in China, Europe, and …
Continue reading “Cathie Wood: ESG, Musk Hurt Market but Bitcoin ‘impossible to shut down’”
The Bitcoin sector is currently experiencing the largest wipe-out since March 2020. With the token losing nearly 50% of its value in recent weeks, retail traders have been rushing to sell off their holdings in case of a further crash. The recent market crash is blamed on various remarks made by major crypto players and …
Continue reading “Glassnode: 76% of Bitcoin Holders Still In profit – Should You Invest?”
Here are the 5 best cryptocurrencies to buy right now. As the Tesla-instigated bear market continues, we’ve gone for a green theme with five coins that don’t use a proof-of-work consensus mechanism. While they haven’t been able to avoid today’s market-wide selloff, they may be better positioned to thrive in a more eco-minded future. 5 …
Continue reading “5 Best Cryptocurrencies to Buy May 2021 Week 4”
Meme stocks and crypto increasingly appear to be connected at the hip. And as the weekend approaches it looks like we can be sure of one thing – the price of crypto assets will fall. In fact the hyper volatility has already started, with bitcoin recoiling from the $40,000 hit just two days ago to …
Continue reading “Meme Stocks Sucking The Life Out of Crypto – Buy The BTC Dips?”
Multiple efforts to ban Bitcoin couldn’t stop the largest cryptocurrency from becoming a $1 trillion asset earlier this year. While Bitcoin (BTC) increasingly falls under the scrutiny of regulators worldwide, Ark Investment founder and CEO Cathie Wood is confident that regulators will not be able to shut down the world’s largest cryptocurrency. Wood said that Bitcoin …
Continue reading “Shutting down Bitcoin is impossible, Ark Investment founder says”
After some confusion, South Korea’s government has laid out which state and regulatory bodies are charged with the oversight of various aspects of crypto-related activities. Over the past year or so, the crypto community in South Korea has had to adapt to a suite of new regulations and government frameworks tailored to the growing industry. …
Continue reading “Korean gov’t clarifies crypto regulatory roles of different agencies”
DOGE’s recent surge in network activity appears to be grinding to a halt. After a flurry of activity that saw Dogecoin (DOGE) briefly process a higher dollar value of daily transactions than Bitcoin (BTC) and Ether (ETH) combined, the surge seen on the Dogecoin blockchain appears to be slowing down. Dogecoin’s price increase throughout 2021 …
Continue reading “Dogecoin whale activity slows down as billions of dollars depart blockchain”
The flagship cryptocurrency faces a higher profit-taking sentiment near its 200-day simple moving average wave. Bitcoin’s (BTC) quick run-up above $40,000 during the early New York trading session Thursday lost momentum midway as traders decided to secure short-term profits. The benchmark cryptocurrency shed up to 12.08% after topping out at $40,440 on Coinbase. It reached …
Continue reading “Bitcoin tumbles to $36K as Ark’s Cathie Wood addresses BTC regulatory fears”
Bitcoin (BTC) Price Prediction – May 28, 2021 Bitcoin falls and resumes downward after the bulls fail to break the $40,000 resistance. Buyers retested the resistance thrice before succumbing to the selling pressure. The downtrend has been confirmed with the appearance of a Doji Candlestick in the lower time frame. The candlestick indicates that buyers …
Binance’s NFT marketplace will be launched on the 24th of June The launce will feature exclusive content from Lewis Capaldi, Trevor Jones, Michael Owen, Alphonso Davies, and eStarPro The launch will also feature NFTs from individual creators from around the world Binance NFT aims at becoming the ‘ultimate destination for NFTs and digital collectibles’ The …
Continue reading “Binance NFT Marketplace to Officially Launch on June 24th”
The team at IOHK has announced the launch of the first Testnet of the Alonzo Upgrade Cardano’s Alonzo testnet will first be available to a small group of SPOs, partners and Plutus Pioneers New users will be onboarded with time as the team integrates new features on the Cardano testnet Once complete, the Alonzo Upgrade …
Continue reading “Cardano (ADA) Launches the First Testnet of the Alonzo Upgrade”
Venezuela has been listed as the third country with the most cryptocurrency adoption in the world by Chainalysis in its 2020 report. With its citizens coping with crippling inflation and losing purchasing power, the country has taken a turn for these assets to survive. But what are the real numbers behind this crisis that made …
Continue reading “A Look at Why Venezuela Is the Third Country With the Most Crypto Adoption”
