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BITCOIN PRICE: 5,558.03     HIGH: 5,610.00     LOW: 5,199.80

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Decentralized • November 14-16, 2018

After the huge success of Decentralized 2017, the University of Nicosia is proud to announce that Decentralized 2018 will take…

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Tag: AML

Isle of Man’s Financial Regulator IOMFSA Updates Crypto Business Registration Policy

Category: Altcoins, Bitcoin, Blockchain, Development, News, Regulation

Isle of Man’s Financial Regulator IOMFSA Updates Crypto Business Registration Policy

The Isle of Man’s financial watchdog the Isle of Man Financial Services Authority (IOMFSA) has revised its registration policy with regard to businesses operating in the cryptocurrency industry, reports Mondaq, November 13, 2018. Increased Supervision over Crypto Businesses According to the updated registration policy, with effect from October 5, 2018, the IOMFSA will not allow registration of any digital currency…

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Chainalysis Joins Forces with Binance to Fight Money Laundering

Category: Altcoins, Bitcoin, Exchange, Finance, News, Platform, Tech

Chainalysis Joins Forces with Binance to Fight Money Laundering

While cryptocurrencies are becoming a part of our everyday lives, governments around the world are now looking to apply a regulatory framework to this new industry. However, when it comes to regulating cryptocurrency as well as to undergo through compliance oversight, there is still much to be done. This is why Chainalysis, a company which dedicates to compliance and investigation…

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Cryptocurrency Theft Hits Nearly $1 Billion in First Nine Months

Category: Bitcoin, Crime, Exchange, Finance, News

Cryptocurrency Theft Hits Nearly $1 Billion in First Nine Months

Theft of cryptocurrencies through the hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year. Reuters reported on October 10, 2018, that this figure is up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cybersecurity firm CipherTrace. Main Report Highlights According to the CipherTrace report…

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AUSTRAC Investigates Cryptocurrency Exchanges

Category: Altcoins, Bitcoin, Exchange, Finance, News, Regulation

AUSTRAC Investigates Cryptocurrency Exchanges

Australia’s financial regulator, the Australian Transactions Reports and Analysis Centre (AUSTRAC), is tightening up surveillance on cryptocurrency exchanges as sophisticated criminals leverage digital currencies to send money internationally. According to the ABC Radio Program broadcast on October 9, 2018, cryptocurrency exchanges in Australia are being investigated since global risks concerning money laundering, terror financing, and cybercrime are becoming increasingly large…

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Circle Announces Launch of Native Stablecoin “USDC”

Category: Altcoins, Blockchain, Business, Finance, News, Tech

Circle Announces Launch of Native Stablecoin “USDC”

Circle has become the latest in a recent series of crypto platforms and exchanges to launch a stable coin as the market increasingly looks to diversify from Tether. Announced on September 26, 2018, in a post on the official Circle blog, USD Coin (USDC), developed in partnership with CENTRE enables users to cash out their exchange holdings into fiat using…

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FINMA: Cryptocurrency Firm Alliance Capitals Looks Like a Typical Scam Project

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

FINMA: Cryptocurrency Firm Alliance Capitals Looks Like a Typical Scam Project

Switzerland’s financial regulatory watchdog, the Financial Market Supervisory Authority (FINMA), has warned cryptocurrency investors to be wary of Alliance Capital, a firm claiming to offer clients cryptocurrency trading services, binary options, and other financial products, according to a Finance Magnates report on September 24, 2018. FINMA Cautions Investors Alliance Capital, a cryptocurrency startup that claims to be based in the…

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Crypto Exchange Changelly Can Withhold Privacy Coins Due to “High Risk” KYC Concerns

Category: Altcoins, Business, Exchange, News

Crypto Exchange Changelly Can Withhold Privacy Coins Due to “High Risk” KYC Concerns

Monero (XMR) users have been complaining after finding out that cryptocurrency exchange Changelly can effectively “steal” their cryptocurrency. Changelly has been accused of requiring KYC documents after funds leave the wallet according to a tweet from September 4, 2018. Fans of the Privacy-Based Coins Profiled for “Suspicious Activity” According to reports, some Monero (XMR) users have been disappointed after finding…

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Cryptocurrency Remittance App Enables Instant Bitcoin Purchase With Credit Cards

Category: Adoption, Altcoins, Bitcoin, Business, Development, Ethereum, Finance, News

Cryptocurrency Remittance App Enables Instant Bitcoin Purchase With Credit Cards

Abra, the widely utilized cryptocurrency-based remittance platform, has integrated a functionality that enables its users to purchase bitcoin instantly with both credit and debit cards. Abra’s Cryptocurrency Push On Abra, similar to traditional remittance networks like Western Union and Moneygram, it is possible for users to send cryptocurrencies such as bitcoin and ether to individuals across the world via Abra…

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EU’s Fifth Anti-Money Laundering Directive Enters into Force

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

EU’s Fifth Anti-Money Laundering Directive Enters into Force

Strengthened EU rules to prevent money laundering and fight terrorism financing entered into force on July 9, 2018. What is this Directive exactly? The rules, gathered under the title the “Fifth Anti-Money Laundering Directive,” were first published in the EU’s Official Journal. The new regulations aim to bring more transparency on who the actual owners of companies are and to…

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Dr. Doom: Bitcoin Will Be Worth $100 in Ten Years Time

Category: Altcoins, Bitcoin, Commentary, News, Regulation

Dr. Doom: Bitcoin Will Be Worth $100 in Ten Years Time

Even with the recent bitcoin price slump, crypto doomsday predictors such as Nouriel Roubini and his colleagues are determined to make sure the entire digital currency markets never moon again. In the latest development, more renowned economists have argued that governments’ harsh regulatory policies on cryptos would make bitcoin and other cryptocurrencies worthless soon. To the Abyss? According to reports,…

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