Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services. Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services. A report from Izvestia on Nov. 29 cites several sources allegedly familiar with ongoing discussions at the country’s central bank, financial…
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At least five Chinese crypto exchanges have halted or chosen to terminate operations this month in response to a perceived hardening of Beijing’s anti-crypto stance. At least five Chinese cryptocurrency exchanges have halted or chosen to terminate operations this month in response to a perceived redoubling of Beijing’s anti-crypto stance. Exchange operator Bitsoda informed the…
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Next year, German banks could become legal custodians of Bitcoin and other cryptocurrencies, according to a new bill. A new bill in Germany could enable banks to support the sale and custody of Bitcoin (BTC) and other cryptocurrencies by 2020. German news agency Handelsblatt reported on Nov. 27 that the bill now requires consensus from…
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Major South Korean cryptocurrency exchange Upbit has lost 342,000 ETH. All users will soon be reimbursed with corporate funds. On Nov. 27, major South Korean cryptocurrency exchange Upbit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain vague, and some users are suggesting…
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Blockchain researchers at online brokerage eToro have argued that Facebook should look to support third-party stablecoins, not Libra. Blockchain researchers at online brokerage eToro have argued that Facebook should look to support third-party stablecoins, not Libra. According to a Nov. 28 report from Finextra, eToro’s blockchain research unit eToroX Labs believes that while Facebook’s crypto…
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Cryptocurrency exchange Bittrex has denied claims that the exchange sought to collaborate with the Ukrainian government. A Ukrainian government official said that United States cryptocurrency exchange Bittrex sought to collaborate with the Ukrainian government on developing the country’s cryptocurrency industry. In a Nov. 20 interview with domestic blockchain media outlet ForkLog,. Deputy Minister of Digital…
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Cryptocurrency exchange BitBay will delist privacy-centric cryptocurrency Monero in 2020 due to money laundering concerns. Cryptocurrency exchange BitBay will delist privacy-centric cryptocurrency Monero (XMR) due to money laundering concerns. The exchange announced the decision on Nov. 25, noting that the delisting will take place on Feb. 19, 2020. The exchange explained its decision “Monero (XMR)…
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With a legal publication on the status of cryptos and blockchain in the U.K., crypto businesses speak out about regulation in the country. London has long been one of the world’s most prominent financial hubs. But as the United Kingdom delves further into an uncertain period of political instability that could radically alter the very…
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Chinese police have reportedly shut down the Shanghai offices of leading cryptocurrency exchange Binance. Chinese authorities have reportedly raided and shut down the Shanghai offices of leading cryptocurrency exchange Binance. Citing unnamed local sources, The Block says that local police have shut down Binance’s offices after raiding the premises. Between 50–100 of the exchange’s employees…
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Grayscale’s Michael Sonnenshein contends that the asset manager’s Form 10 filing with U.S. regulators would be “a milestone” for the crypto industry if it’s approved. Grayscale’s Michael Sonnenshein contends that the asset manager’s recent Form 10 filing with American regulators would be “a milestone” for the crypto industry if it’s approved. Sonnenshein — managing director…
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