LocalBitcoins Intends to Fully Comply with the Upcoming Anti-Money Laundering Regulations

LocalBitcoins Intends to Fully Comply with the Upcoming Anti-Money Laundering Regulations

Peer-to-peer cryptocurrency exchange and crypto ATM manufacturer LocalBitcoins recently issued a statement about anti-money laundering laws and compliance with the 5th AML directive of the European Union. The firm said in their statement that they want to work on compliance while building trust in the crypto market space. From the beginning, trust and confidence in the cryptocurrencies have been hindered by their attachment to criminal enterprises and money laundering operations through digital currencies. Considering the…

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Bitwise Top Exec: A Painful Death will be the Destiny of Almost All Cryptocurrencies

Bitwise Top Exec: A Painful Death will be the Destiny of Almost All Cryptocurrencies

The year 2018 marked the start of the most brutal crypto bear market whose effects are still lingering. Critics have been boasting that this downturn was inevitable as the bull market was a bubble filled with unrealistic optimism and expectations, and Bitwise exec Matt Hougan is one of them. Hougan is the global head of research at Bitwise, creator of the world’s first cryptocurrency index fund. He said that most cryptocurrencies are looking at a…

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Ripple has 11 New University Partners to Fund Blockchain Research and Education

Ripple has 11 New University Partners to Fund Blockchain Research and Education

Ripple is one of the most matured blockchain companies in the crypto space. They are known for their involvement in supporting academic research and development in the field as well. The firm showed its resolve to that commitment back in June 2018 by launching its University Blockchain Research Initiative (UBRI). The intention of this program was to accelerate academic research, technical development, and innovation in the blockchain, cryptocurrency and digital payments space. Ripple has committed over $50…

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Head of Russia’s Second Largest Bank: Mining Bitcoin is Just Another Form of Counterfeiting

Head of Russia’s Second Largest Bank: Mining Bitcoin is Just Another Form of Counterfeiting

Andrey Kostin is the head of VTB, Russia’s second-largest bank. Recently he was reported making a statement regarding crypto mining in which he compared crypto mining to counterfeiting. The statement was made during a speech to students who participated in an educational contest organized by Yandex, a Russian tech corporation. He said: “I am not a big fan of the crypto ruble. To me, this is a kind of counterfeiting. A person who is mining [cryptocurrencies] is similar…

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Crypto Holder Tulsi Gabbard Begins her 2020 Run for President

Crypto Holder Tulsi Gabbard Begins her 2020 Run for President

With all that’s been going on in the White House over the past couple of years, the 2020 election campaign is set to be one of the most historic presidential campaigns ever. Candidates are already announcing their plans to run for the candidacy after the mid-term elections several months ago. The most recent US representative to announce her presidential run is an interesting one for us as crypto enthusiasts and followers. She’s the United States…

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Latin America Expansion: Crypto Mining Firm Bitfury Is Set to Establish Operations in Paraguay

Latin America Expansion: Crypto Mining Firm Bitfury Is Set to Establish Operations in Paraguay

Cryptocurrency mining is suffering greatly due to a number of factors. General discouraging behavior of the bear market, a lowered amount of mining rewards and higher electricity and equipment maintenance costs are among those factors. It’s getting harder and harder for small-time miners to make ends meet. Big companies can afford to shift their operations to regions where weather is colder and electricity costs are low to improve upon their profits. Bitfury is one such…

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Many Investors Choose “Staking” as the Safe Way to Play the Current Crypto Market

Many Investors Choose “Staking” as the Safe Way to Play the Current Crypto Market

The current bear market always seems to keep dragging on just a little bit longer whenever you think things are about to change. Contradicting reports and researches are always surfacing from prominent and credible sources regarding the market trends. The crypto market environment for ICOs is susceptible to change in a matter of months or even weeks. Such volatility is almost an accepted fact of the market at this point. In such an environment, new…

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Eurasian Economic Commission Considers Regulations on Cryptocurrencies

Eurasian Economic Commission Considers Regulations on Cryptocurrencies

All the major players in the crypto market are in a hurry to introduce the regulations and laws that will help bring the vast market to the mainstream. Countries like China, US, UK, France, Korea, Japan, Thailand, and India are constantly working to find the correct mix of oversight and freedom (to different degrees, of course) to allow cryptocurrencies and other DLT’s to progress in their relevant demographics. In another example, the Eurasian Economic Commission,…

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15 Suspects Arrested in $8 Million Cryptocurrency Scam in Taiwan

15 Suspects Arrested in $8 Million Cryptocurrency Scam in Taiwan

Cryptocurrencies have always had a mixed reputation. On the one hand, they are hailed as the next gen technology to replace the current banking systems of the world; but they have also been widely criticized for the lack of oversight that allows some organizations to rob investors of their money by showing hopes of quick and big returns. In fact, in 2018 the crypto industry had to suffer a $3 billion loss at the hands…

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JP Morgan Lashes at Crypto: Years Away from Mainstream; Will Work Only in Dystopia; Not Worth Mining Bitcoin

JP Morgan Lashes at Crypto: Years Away from Mainstream; Will Work Only in Dystopia; Not Worth Mining Bitcoin

Cryptocurrencies have always been hailed by many as the future alternative to banks and financial institutions. Their ability to remove the need for blind trust in intermediaries makes them very attractive for a possible replacement of the current financial system where any movement of assets is hindered by an unavoidable fence of hidden fees. However, the world’s sixth largest bank JP Morgan reportedly said on Tuesday that the value of cryptocurrencies is unproven and their…

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