Bitcoin

Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year

December 17th, 2019

According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered cryptocurrency transfers. All Top 10 US Banks Have Unwittingly Processed Crypto Transactions Ciphertace offers cryptocurrency…

German Banks Increasingly Charging Retail Clients Negative Interest Rates

December 16th, 2019

A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the near future. As the European Central Bank maintains a negative rate policy, more banks…

Quadrigacx Founder Dead or Alive? Request for Exhumation and Autopsy Filed

December 14th, 2019

The founder of now-defunct crypto exchange Quadrigacx may still be alive, even though he supposedly died in India about a year ago. A court-appointed law firm is seeking an answer on behalf of affected users. The firm has requested an exhumation and post-mortem autopsy in Canada of the body of Gerald Cotten, as some 76,000…

BRD’s Adam Traidman on New Products, Crypto Adoption, and Banking the Unbanked Into 2020

December 11th, 2019

Breadwallet, later known as Bread, and now just as BRD, was the first crypto wallet in the App Store in 2014. Its non-custodial, open-source and user-friendly nature saw it become very popular, now with nearly 3 million users worldwide. CEO Adam Traidman took some time to field questions from news.Bitcoin.com this week, detailing BRD’s upcoming…

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

December 9th, 2019

The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Using Crypto for Payments and Investments The draft…

Mining Chip Maker Ebang Next in Line to File for US IPO

December 6th, 2019

Ebang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmain’s secret IPO filing. The world’s third-largest bitcoin mining hardware manufacturer plans to follow Canaan’s footsteps with an attempt to be listed on the American…

Circle Warns Poloniex US Customer Assets May Be Sent to the Government

December 5th, 2019

As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property. Time Is Running out for Poloniex US Clients Circle, which…

European Banks Struggle With Low Interest Rates and Strict Regulations

December 4th, 2019

Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost-cutting that followed, they haven’t managed to compensate for the revenue decline in 2019. Historically low-interest rates, new regulatory hurdles, and competition from…

Can Bitcoin Defend Channel Support And Push Above $7.5k – BitMEX Margin Trading

December 3rd, 2019

Bitcoin is trading above $7,200; a level a bit higher compared to Monday’s low around $7,197. The price is inclined towards the downside, making recovery a hard nut to crack. The short term ascending channel is providing immediate support. It is apparent that a break below the channel support would stir declines below $7,000. Besides,…

Skrill Now Lets You Swap BTC for BCH

December 2nd, 2019

Online payments service Skrill has introduced a new feature allowing users to directly exchange cryptocurrencies. The crypto-to-crypto option gives you the opportunity to use bitcoin core (BTC) stored in your wallet to buy and sell eight other supported cryptocurrencies, including bitcoin cash (BCH). Buy Crypto With Crypto Skrill, formerly known as Moneybookers, is popular in…