Regulators Are Catching Up With The Crypto Boom

Regulators Are Catching Up With The Crypto Boom Say goodbye to the under-regulated era of cryptocurrency. While crypto trading on the more mainstream exchanges is fueling the market, it’s also bringing greater scrutiny from regulators, as shown by the recent report by the New York State Attorney General’s office (OAG) on crypto exchange abuse, The Financial Action Task Force (FATF) announcements about upcoming crypto standards, and warnings to investors. And as guidance emerges and enforcement actions increase, crypto exchanges will, slowly but surely, start to look a lot more like…

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French Stock Market Watchdog Blacklists 21 Cryptocurrency and Crypto-Asset Websites

French Stock Market Watchdog Blacklists 21 Cryptocurrency and Crypto-Asset Websites French stock market regulator, the Autorite des Marches Financiers (AMF), announced it is blacklisting 21 new investment websites, including multiple crypto-related sites, September 26. The AMF characterizes the new additions as “unauthorized websites” that offer “atypical investments,” and directs users to its existing blacklist, which it notes is “not comprehensive.” In March, the AMF had added 15 websites — including those related to crypto and crypto-assets — to its blacklist, reminding consumers that “no advertising materials should make you overlook…

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‘Crypto market could rise again in upcoming months’ says Bitcoin bull “Mike Novogratz”

‘Crypto market could rise again in upcoming months’ says Bitcoin bull “Mike Novogratz” Bitcoin bull Mike Novogratz thinks cryptocurrencies could rally again soon. The Galaxy Digital CEO and founder thinks crypto hit its bottom earlier this month and will rally 30% by the end of the year. Galaxy and Bloomberg launched the Bloomberg Galaxy Crypto Index in May. The index tracks the performance of 10 digital currencies, including Bitcoin and Ethereum. Bitcoin surged to almost $20,000 late last year, then lost almost two-thirds of its value in 2018. When Novogratz…

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ETH and XRP Both Hit by Losses as Crypto Markets See Widespread Red

ETH and XRP Both Hit by Losses as Crypto Markets See Widespread Red Monday, September 24: Both Ripple (XRP) and Ethereum (ETH) have taken hefty price hits today as the wider crypto markets see deep red, as data from Coin360 shows. While Ethereum has now reclaimed its long-standing spot as second-largest coin by market cap on CoinMarketCap — which it briefly ceded to a skyrocketing Ripple on September 21 — Ethereum has today seen around a 5 percent loss on the day to trade at $234 to press time. Following…

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Crypto Trading Volumes Set To Overtake US Corporate Debt In 2018

Crypto Trading Volumes Set To Overtake US Corporate Debt In 2018 Global trading volumes in crypto assets are set to overtake those in the US corporate debt market, despite this year’s market setbacks, claims a report. It is one of the findings in the fifth in a series of reports by research and intelligence house Satis Group, initiating coverage of the crypto asset class. Extrapolating from historical trading data, Satis estimates 2018 trading volume for crypto will be at $7,300 billion ($7.3 trillion), $243 billion more than US corporate debt’s…

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Sending Crypto Through Radio Waves, Using Solar Power

Sending Crypto Through Radio Waves, Using Solar Power To many, cryptocurrency is a way of securing financial independence from banks and governments. Those interested in going off-grid, distancing themselves from authority, and even “preppers” who believe that major catastrophe is coming to any day share many of the values of hardcore crypto advocates. One point of contention is blockchain’s reliance on the power grid — how can something truly grant freedom from the government if it can’t operate outside of government infrastructure? How can crypto replace cash if it can’t…

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Massive Hacks, Price Targets and a Bitcoin ETF: This Week in Crypto

Massive Hacks, Price Targets and a Bitcoin ETF: This Week in Crypto Bitcoin is up 2.69% this week to $6,700 surpassing $6,500 late last week after oscillating between $6,300 and $6,400 before flirting with the $6,600 level and the $6,200 level within days of each other. This week was remarkably similar but ended higher with this week starting off at the $6,500 level and managing to hold it coming into this week until Monday when the price hit $6,274 before coming back to the $6,500 level on Tuesday as some…

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Crypto market could take years or month to get back in its momentum

Crypto market could take years or month to get back in its momentum A lot of people pay attention to Erik Voorhees when he talks about Bitcoin, he is a crypto pioneer. Following the popping of the first bitcoin bubble in July 2011 where the price fell from $31 to close at $2 on 31st of December that year, Erik predicted that the future bitcoin price would hit thousands of dollars, like a stalwart high conviction manager. Bitcoin hit its all time high on the December 17th 2017 at $19,783.…

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Crypto-To-Crypto Trading Service to 20 US States

Crypto-To-Crypto Trading Service to 20 US States The expansion comes as OKCoin enhances its regulatory status after it already filed for a money transmittal licenses (MTL). Cryptocurrency exchange OKCoin said on Friday that it has expanded its trading operations to 20 new states in the US and now offers transactions between a number of major digital currencies. The expansion comes as OKCoin enhances its regulatory status after it already filed for a money transmittal license (MTL) that allows the venue to offer both crypto-to-crypto and fiat-to-crypto trading pairs. OKCoin has…

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Is cryptocurrency lost its momentum?

is cryptocurrency lost its momentum? If you believe crypto-currencies are the future this has not been a good week. The value of Ethereum, Bitcoin’s main rival and “the future of crypto” not so long ago, has lurched ever lower and is now 80% below its peak. Meanwhile, US regulators have acted against companies involved in crypto-currencies and initial coin offerings (ICOs) – schemes to create new coins. But hope springs eternal, and in recent days both a London art gallery and a Scottish hotel have contacted me about plans to…

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