Bitcoin

Bitcoin
Bitcoin Daily: Sao Paulo, Brazil Police Seize $33M In Alleged Crypto Fraud Scheme; Three US...
July 25, 2021

Brazilian police have seized $33 million reportedly from a money laundering scheme involving cryptocurrencies, according to a press release from police in São Paulo. The court order for the investigation came out of the performance of brokerages that had been intermediating the purchase and sale...

Bitcoin
Bitcoin Daily: Binance Shut Out Of Italy; PayPal Raises Cryptocurrency Limits
July 15, 2021

Binance, which has come under fire for its compliance standards in recent weeks, has been shut out of activity in Italy now, according to that country’s market watchdog, Consob, Reuters reported. “Savers are invited to make use of their utmost diligence in order to make...

Bitcoin
Bitcoin Daily: Apollo Global, Figure Team On Blockchain Innovation; Moonpay Partners With FIS For Expansion
July 14, 2021

Apollo Global Management is teaming up with Figure Technologies, a blockchain startup, on several innovative projects, Bloomberg reported. The initiatives will cover on-chain fund listing, asset securitization and digital marketplaces, applying Figure’s blockchain Provenance. Figure, founded in 2018, is focused in the upcoming year on...

Bitcoin
Bitcoin Daily: ‘The Black Swan’ Author Decries Bitcoin; Identity Thief Who Used Stolen Money To...
July 13, 2021

Nassim Nicholas Taleb, the author of “The Black Swan” and a probability researcher and former quantitative trader, previously spoke highly of bitcoin. Now, he has criticized it as essentially worthless, CNBC reported. Taleb said in a recent paper that bitcoin has failed to satisfy the...

Bitcoin
Bitcoin Daily: Bitcoin Continues Lull; Clear Junction Breaks With Binance; Spike Lee Praises Crypto In...
July 12, 2021

Bitcoin’s prices have been in a lull, with the cryptocurrency’s range lingering between $32,000 and $35,000 for weeks now, CoinDesk reported. Because of the prolonged consolidation, the relative strength index and other popular indicators can’t prove directional bias, according to CoinDesk. There could be declines...

Bitcoin
Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers
July 08, 2021

Bank of America has created a new division looking into cryptocurrencies, Bloomberg reported. Candace Browning, head of Global Research for Bank of America, said the push came due to the fast-growing nature of cryptocurrencies, per the report. She said the bank had industry research analysis...

Bitcoin
Bitcoin Daily: PBOC Shuts Down Software Maker Over Crypto Trading; UFC Partners With Crypto.com
July 07, 2021

Chinese authorities from the People’s Bank of China (PBOC) have instructed a Beijing software maker, Quadao Cultural Development, it has to shut down due to allegations of cryptocurrency trading affiliation, Business Insider reported. According to China’s central bank, Quadao had been facilitating crypto trading through...

Bitcoin
Bitcoin Daily: Fake Stocks Used For Blockchain Tests; Regulators Want More Crypto Control
July 06, 2021

Fake versions of stocks from big name companies are circulating on blockchains as part of an experiment to see if the stock market can be put on a blockchain, Bloomberg reported. Mirror Protocol and Synthetix are using fake stocks including Apple, Tesla and Amazon, according...

Bitcoin
Bitcoin Daily: Binance Faces Regulatory Scrutiny; Foreign Crypto Exchanges Could Soon Pay GST Tax In...
July 02, 2021

Binance is facing a criminal complaint from a financial regulator in Thailand for running a digital asset business without permission, Reuters reported Friday (July 2). Thailand’s Securities and Exchange Commission (SEC) of that country announced in a statement, as per the outlet, that the firm has...