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…

Coinbase Patents AI Compliance System to Monitor and Flag Accounts

November 29th, 2019

Popular U.S. cryptocurrency exchange Coinbase received a patent November 19, for an AI-driven compliance system which would monitor customer accounts, flagging those deemed non-compliant and recategorizing them for corrective action. Described as a “compliance determination and enforcement platform and method,” the new system would monitor a long list of KYC/AML-related details, including “level of due…

Players Can Now Win an HTC Exodus 1 Phone on Bitcoin Games

November 28th, 2019

Bitcoin Games is now offering players to win some extra crypto and an HTC Exodus 1 smartphone, just in time for Black Friday. You can participate in the promotion by playing the site’s exclusive Slots, Roulette and Keno games, or any of the recently released slots and you stand a chance to win these prizes….

South Korean Committee Passes Bill Enforcing FATF Crypto Rules

November 27th, 2019

South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force. Committee Passes Bill On Tuesday, the South Korean National Assembly’s national policy committee passed…

Don’t Blame China: Why BTC Still Can’t Compete With Fiat

November 26th, 2019

In the wake of recent price movements, doubts are beginning to crop up more and more around BTC maximalist circles. As focus shifts from Satoshi’s founding vision of the coin as cash to a mere digital gold to be saved and “cashed out” later, valid questions are indeed raised. Financial news outlets, advocates of other…

What Indian Crypto Exchanges Are Doing to Protect P2P Users

November 23rd, 2019

With the Supreme Court of India postponing the crypto hearing, the Indian crypto community is calling for better protection when trading on P2P platforms. Several top crypto exchanges in the country have shared their processes and policies they have implemented to protect their P2P platform users. A Standard KYC Protocol With the Indian supreme court…

Restrictions Worldwide Show Why It’s Vital to Be Your Own Bank

November 20th, 2019

As capital controls and banking restrictions continue to affect various populations worldwide, standing in the way of individuals and their hard-earned savings, some are looking to safer options and even cryptocurrencies. Lebanon, Zimbabwe, and India are just a few of the countries to deal with centralized restrictions on access to money in recent times, but…