Bitcoin

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…

Crypto Debit Card Targets Generation Z With a Promise of Financial Freedom

November 19th, 2019

From video games to fizzy drinks, teens have their own spending agenda. Raised in the digital age, generation Z also has a special sense of freedom, a product of unrestricted access to the internet and mass availability of new technology. Its members are potential natural adopters of cryptocurrency, and fintech companies are beginning to turn…

Bitcoin Nears End of Correction, Targets $10,400 – BitMEX Margin Trading

November 18th, 2019

Bitcoin is gradually approaching the of the month-long correction exercise. The previous breakout saw BTC skyrocket above $10,000. The recovery from $7,300 in October was unexpected. However, its momentum was significant enough to touch the area around $10,569. Unfortunately, the buyers lacked the strength to sustain the gains which left a gap for the bears…

IRS Dispels Crypto Tax Confusion

November 17th, 2019

The U.S. Internal Revenue Service (IRS) has cleared up some confusion about how cryptocurrency transactions are taxed, particularly regarding like-kind exchanges and promotional airdrops. As the tax agency intensifies its enforcement efforts, more people are seeking the best tax software to help them. Pre-2018 Like-Kind Exchanges The latest IRS cryptocurrency tax guidance has raised a…

Market Update: Crypto Prices Improve After 3-Week Downtrend

November 17th, 2019

Digital currency markets have been trending downward in a triangular pattern since the 40% spike that took place on October 25. Following the three-week downtrend, cryptocurrency traders are quietly playing positions while patiently waiting for the next market signals. Crypto Markets Lose 20% Since the Late October Price Spike During the third week of October,…