Category: Crypto

  • Spain sets new rules for influencers who promote cryptocurrency

    Spain is establishing rules related to how influencers, their sponsors and others promote cryptocurrencies. Influencers and other advertisers with more than 100,000 followers in the country must notify the National Securities Market Commission (CNMV) at least 10 days before plugging crypto assets. They’ll face fines of up to €300,000 (around $342,000) for breaching the rules, […]

  • OKCoin to Airdrop Up to $1 Million of Free STX Cryptocurrency

    In brief OKCoin is airdropping Stacks (STX) tokens. That’s after they list Blockstack’s coin on January 14. It’ll start with a $100,000 airdrop. If things go well, the exchange plans to give away much more. Listen up, kids! A cryptocurrency exchange called OKCoin will next month pour $100,000 of free STX tokens from the skies.  […]

  • France Eyes Strict Rules For Crypto Transactions

    Share Tweet Share Share Share Print Email France could propose stricter regulations on cryptocurrency firms, according to The Block. Simon Polrot, president of French crypto association ADAN, told The Block that the country’s Finance Ministry is planning to require full know-your-customer (KYC) measures for all crypto transactions, regardless of the size of the transaction, and […]

  • Simplex Launches Global Onramp For Crypto’s Online Bankers

    Fintech company Simplex has released an online B2B crypto banking solution that could allow far-flung global customers the same regulated security as consumer banks. Known as Simplex Banking, the new product allows Simplex partners to offer their clients the chance to purchase and trade cryptocurrency by granting them a unique IBAN (International Bank Account Number), […]

  • U.S. Watchdogs Seek Takeover Of Bankrupt Cryptocurrency Firm Cred

    Justice Department bankruptcy watchdogs are seeking the appointment of a chapter 11 trustee to wrest control of cryptocurrency platform Cred Inc. and investigate its collapse. The U.S. Trustee, the Justice Department division overseeing U.S. bankruptcy courts, said on Friday that an independent trustee or examiner should be installed to “untangle the mess” at Cred, which […]

  • Bitcoin and Other Cryptocurrencies Now Account for Significantly Lower Percentage of Darknet Market Transactions: Report

    Blockchain analysis firm Chainalysis notes that global darknet markets have long “fascinated” the general public, beginning with the infamous Silk Road, which represented around 20% of all Bitcoin (BTC) related activity during its “heyday” back in 2013. But since that time, these illicit activities account for a significantly smaller percentage of overall cryptocurrency transactions. However, […]

  • BlackRock CEO Larry Fink’s Views on Bitcoin Evolve

    Back in October 2017, BlackRock, Inc. (BLK) CEO Larry Fink referred to Bitcoin (BTCUSD) as an “index of money laundering.” Three years later, he seems to have changed his mind about the cryptocurrency. During a conversation with the Council of Foreign Relations earlier this week, Fink said that Bitcoin could evolve into a “global market” […]

  • Cubans Use Cryptocurrencies For Remittances

    Share Tweet Share Share Share Print Email About 10,000 Cubans have turned to bitcoin and altcoins, including ethereum and dogecoin, to skirt around U.S. sanctions, according to a report from Deutsche Welle’s Spanish-language service, reported CryptoNews. Cubans overseas use BitRemesas, a crypto exchange, to essentially transfer money to family in Cuba through a middleman, CryptoNews […]

  • Retail investors splurge on trading in cryptocurrency

    Retail investors aged 25-40 years are spending millions on trading in cryptocurrency in India every day, according to two of the top exchanges in the country. The country’s largest crypto exchange, WazirX, said it has seen a 125% increase in user signups in the past six months, while rival CoinDCX said there’s been an 85% […]

  • Russia’s Biggest Bank Sberbank Unveils Crypto Plans to Follow Upcoming Regulation

    The largest bank in Russia, the state-owned Sberbank, has reportedly unveiled its crypto plans as the country is set to begin regulating the industry in January. Sberbank’s CEO says the bank may issue its own cryptocurrency in collaboration with JPMorgan. Sberbank’s Crypto Plans and Sbercoin The CEO of Sberbank, Herman Gref, unveiled on Monday his […]