Author: Jeffrey Gogo

Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules | Regulation Bitcoin News

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Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital Read More

US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million | News Bitcoin News

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Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti-money laundering rules. According to documents published Oct. Read More

Coinbase Received 1,900 Requests for Client Info From Law Enforcement During First Half of 2020 | Exchanges Bitcoin News

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Interest in Bitcoin Soars in Egypt Amid Economic Crisis and Unemployment A growing number of Egyptians are reportedly turning to bitcoin amid rising unemployment and the economic crisis. An Egyptian bitcoin community is seeing a huge spike in the number Read More

Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations | Taxes Bitcoin News

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Interest in Bitcoin Soars in Egypt Amid Economic Crisis and Unemployment A growing number of Egyptians are reportedly turning to bitcoin amid rising unemployment and the economic crisis. An Egyptian bitcoin community is seeing a huge spike in the number Read More

Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power Company | Mining Bitcoin News

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Nasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U.S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north. In a statement on Tuesday, Marathon said that it Read More

Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset | News Bitcoin News

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When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its Read More

UK Bans Sale of Crypto Derivatives to Retail Investors, Says Move to Save $69 Million in Losses | News Bitcoin News

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Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, Read More

Bitcoin To Hit $100,000 in Five Years as Demand and Adoption Increase – Report | Markets and Prices Bitcoin News

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Bloomberg analyst Mike McGlone has predicted that the price of bitcoin will hit $100,000 by 2025. McGlone premised his argument on past bitcoin trends, including the period in which the price took four years to go from $1,000 to $10,000 Read More

Abkhazia Lifts Two-Year Ban on Bitcoin Mining, Moves to Regulate the Sector | Regulation Bitcoin News

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Abkhazia, the self-governing but disputed territory of just 245,000 people sandwiched between Russia and Georgia, has lifted its two-year ban on cryptocurrency mining. The ban came into effect in December 2018 after a surge in mining activity left the region Read More

Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority | Exchanges Bitcoin News

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Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year. On Read More

Venezuela To Start Using Cryptocurrency in Global Trade in Efforts To Fend off U.S. Sanctions | Emerging Markets Bitcoin News

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Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U.S. economic sanctions. Speaking in the country’s parliament on Sept. 29, Maduro revealed that the Read More

Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar Stock Exchange | Exchanges Bitcoin News

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The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets. The announcement follows GSX Group’s recent launch of what it Read More

New Zealand Tax Agency Asks Crypto Firms to Hand Over Clients’ Personal Data | Regulation Bitcoin News

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5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked Read More

Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand | Mining Bitcoin News

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Ebang International Holdings Inc., the Chinese maker of bitcoin mining hardware, reported a net loss of $6.96 million during the first six months of this year, down from $19.07 million a year ago, as demand fell due to the coronavirus Read More

Crypto Exchange Binance Blacklisted by Russia’s Telecom Censorship Agency | Exchanges Bitcoin News

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Russia’s telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after Read More

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law | Regulation Bitcoin News

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Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented Read More