There is no more illegal activity in Bitcoin than in cash.
Some had doubts about it, others were more suspicious on this topic, but eventually, it is official. A former US federal prosecutor announced this summer during the international Money 20/20 conference taking place in the Netherlands: "many more crimes" were perpetrated via the use of fiat currencies and not with cryptocurrencies. This former District Attorney for Western Pennsylvania, elected by the Senate...
Russia: “Cryptoassets are not a threat to financial stability”
President of Russia's Central Bank doesn't want to call cryptocurrencies by their names. Elvira Nabiullina prefers the nickname "Cryptos-Things". Last month, Elvira Nabiullina was at the recent annual international economic forum in St. Petersburg when she used this new wording. The report released on May 30 supports the statement that the volume of transactions is very small. So small...
Iran: in the footsteps of the Venezuelan Petro
Penalties, hardening and bilateral relations between the United States and Iran have been steadily worsening over the last two years. The economic sanctions now weighing on the country of Hassan Rouhani could, in addition, have a negative impact on the economy of this country - OPEC's second largest oil producer - slowing global growth. Nevertheless, this diplomatic failure allows a...
Binance hacked in a coordinated attack: $40 million stolen
Binance has been hacked in a coordinated attack. It resulted in $40 million worth of Bitcoin stolen. The famous crypto-exchange suffered a major security breach for the first time making a lot of noise and lifting quite an important controversy. It recently confirmed that it suffered a large scale hack in which 7,000 BTC ( ̴ $40 million and...
The implications of Samsung’s Crypto phone
Leaked screenshots of the flagship S10 smartphone showing a multicurrency cold wallet reveal that apart from Bitcoin, Ethereum and Litecoin, Korean technology giant Samsungs new ‘crypto phone’ supports ERC20 and ERC721 tokens. Some in the altcoin community hailed this as a possible indication of imminent mass adoption for various platforms in the Ethereum ecosystem, although from what we’ve seen,...
KYC: 68% of exchanges do not meet standards
Previously cited in the article LexisNexis & Blockbid Partnership, KYC and AML formalities are in the line of sight of international regulators. However, it appears that only 32% of cryptos exchanges meet the guidelines. This is a study of the company P.A.I.D in partnership with Mitek, a technology provider for identity verification, which advances this low ratio. The obligatory KYC...
South Korea: end of tax benefits for exchanges
Eventually, after a series of events and an urgent call from the Financial Services Commission, the South Korean government announces the introduction of new changes for the exchanges of the region. “Laissez-faire” period This is the type of news the main Korean exchanges would have rather not be informed about. It seems that the various petitions, including those of Park Yong-jin...
What you need to know about Bitcoin’s awakening
The above references an opinion on Bitcoin upcoming awakening and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. Either you look at short-term data or long-term fundamentals, Bitcoin (BTC) is going to appreciate massively in the coming years. And yes, as you may have guessed it...
I Vow To Thee, My True King Bitcoin
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. The following article is a macro view of the cryptocurrency market. Altcoins will continue their path into a steady, slow and painful death.Mainly because they were indeed in a bubble. However, Bitcoin will...