The FIEA also included one other important change that would impact BitMex. The sale and use of crypto derivatives, currently 80% of trading activity in Japan and the primary product offering of BitMex, would suddenly fall within the purview of the FIEA. Up to now, the Wild-West atmosphere promoted by crypto option providers has existed…
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However, the charges did not stop Schmidt and Dunlap from continuing to promote Meta 1. SEC’s contempt motion states that the three defendants had raised more than $4.3 million from “investors” and were continuing to sell the tokens. Judge Pitman said that in this case imposing a fine would not be effective and chose a…
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The FBI said: Fraudsters are leveraging increased fear and uncertainty during the COVID-19 pandemic to steal your money and launder it through the complex cryptocurrency ecosystem. FBI agents believe the scammers will tailor their pitch to the current situation and be looking for donations for remote workers via email, safety equipment sellers, not going through…
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If the prediction proffered by the so obvious “H&S” formation as presented above plays out, then the math would suggest a test of the $5,900 level, as happened at the end of March. Several respected crypto traders are suggesting that even lower values may be in the cards, but Goldman Sachs advised its clients that…
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The Winklevoss brothers, who have been stymied by the SEC on several occasions in the U.S. market with their various BTC ETF applications, will also act as the custodian for the new fund. Tyler Winklevoss expressed his words of support to Coinfomania: The Bitcoin Fund just launched on the Toronto Stock Exchange. This is the…
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Copies of South Korean correspondence were also shared with Ukrainian Police officials, when they investigated the owner’s complaint in April of 2019. According to reports from the Bitcoinist: The company explained the incident and was told that no further assistance was needed, suggesting that the agency was satisfied with the explanation.” The owner of the…
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As part of the PSA, crypto exchanges in Japan will have to manage users’ money separately from their own cash flows, starting 1st May. They will have to use third-operators to keep hold of their clients’ money and use “reliable methods” such as cold wallets. In case of users insisting on hot wallets, exchanges would…
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The secure nature of the blockchain solution also allows EastNets to restrict malicious actors access and ability to manipulate the watchlist data. Deya Innab, EastNets Chief Strategy and Product Officer, said: We continuously look to new technology as an opportunity to enhance our customer experience. The question will always be: how and which technology should…
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However, Acuti found a growing demand from traditional trading firms to enter the market or expand their coverage to trade more cryptocurrencies. Traditional trading firms that had decided not to trade in digital assets, 97% will consider it again in the next two years or less and 45% are planning to do it in six…
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It’s worth bearing in mind that no one is really using crypto-assets, so anyone collecting money for charity in Bitcoin or any other crypto-asset is firstly narrowing the market of people who could donate, and secondly putting its collections at risk of a dramatic drop in value such as mentioned above. And that’s treating it at…
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