Longfin CEO agrees to a $400,000 settlement in a long-running fraud case with the Securities and Exchange Commission. The United States Securities and Exchange Commission (SEC) announced that it has agreed to a settlement with the CEO of purported cryptocurrency company Longfin in a statement, Jan. 3. Venkata Meenavalli agreed to pay $400,000 in disgorgement…
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China’s central bank reports that it is “progressing smoothly” with its development of a government-backed digital currency. China’s central bank, the People’s Bank of China (PBoC), reports that it is “progressing smoothly” with its development of a government-backed digital currency. The bank issued its statement during a working conference held in Beijing from Jan. 2–3,…
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Bitcoin price rallied 5.5% to cross above the $7.6K resistance, briefly gaining above $8K and leading traders to call for a trend reversal. On Monday during the U.S. evening trading session, Bitcoin (BTC) price continued its rally from $7,358 and at the time of writing the price pushed as high as $8,000. For the past…
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Bitcoin price extended its gains above the USD 7,550 and USD 7,650 resistance levels, opening the doors for more upsides. Finally, BTC/USD surged above USD 7,850 and tested the key USD 8,000 resistance area. The price is currently (09:00 UTC) consolidating gains and dips are likely to remain supported near USD 7,650 in the near…
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Having dropped to below CME Futures’ latest weekly close, Bitcoin rose back to challenge $7,600, but analysts think progress will stall. Bitcoin (BTC) trudged closer to $7,600 on Jan. 6 after an overnight dip failed to trigger a sustained sell-off. Cryptocurrency market daily overview. Source: Coin360 BTC range suggests few surprises Data from Coin360 and…
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The Qatar Financial Centre — a business development jurisdiction in the country — has introduced a blanket bank on crypto-related businesses. The Qatar Financial Centre Regulatory Authority (QFCRA) announced that virtual asset services may not be conducted in or from the Qatar Financial Centre (QFC). The regulator announced the new measures in a tweet published…
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Crypto community wonders why Nakamoto Telegram channel enters read-only mode – could this be due to spam and trolls or something else. On Jan. 3 a “pro-Bitcoin” news outlet called “Nakamoto” launched with the stated intention of letting industry thought leaders share positive content about cryptocurrencies. According to the about section of the Nakamoto website, the…
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In a new public notice, Telegram stresses that Gram tokens are not investment products, which would mean that they are not under the SEC’s sway. Telegram’s Gram, the native cryptocurrency for the Telegram Open Network (TON), is not an investment product, the firm stressed in a fresh public statement. In a Jan. 6 blog post,…
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In an interview with CNN, Bradley Garlinghouse added further confusion to Ripple’s policy on XRP, which it has sold en masse for years. The CEO of blockchain payment network Ripple says the company does not want to “dump” its associated XRP cryptocurrency despite selling huge amounts of it. In an interview with CNN on Jan.…
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Revenue of crypto accommodation booking service Travala increased by over 33.5% month-on-month after partnering with Booking.com. Cryptocurrency-accepting booking service Travala has seen its revenue for the month of December go up by over 33.5% month-on-month following a partnership with Booking.com. According to a post published on the firm’s official blog on Jan. 1, Travala has…
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