P2P Exchange Hodl Hodl Announces New Prediction Market

On Feb. 27, KYC-free cryptocurrency exchange Hodl Hodl announced a new service called Predictions, which will soon be added to the peer-to-peer trading platform. Hodl Hodl believes prediction markets are useful financial instruments within the crypto ecosystem that offer an incentive for those forecasting the specific outcome of an event. Also read: What Does the Future Hold for Augur’s Prediction Market? Hodl Hodl Is Adding ‘Predictions’ to Its P2P Multi-Signature Exchange Peer-to-peer multi-signature trading platform Hodl Hodl will be adding a prediction markets feature this spring. Hodl Hodl is an…

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New Freelancing Platform Supports 12 Different Cryptocurrencies

There’s a new freelancing platform called Freelance for Coins that provides users with the ability to publish offers and bids for cryptocurrencies. In order to help facilitate deals between users, the service not only allows people to publish their bids and offers, but also provides them with a messenger for chatting. It also enables crypto invoices for coins like BTC, BCH, ETH, XMR, and a few stablecoins. Also read: Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize Freelance for Coins Offers a Free Service for Professionals Interested in…

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Japan Police: 98.3% of Money Laundering Cases Don’t Involve Cryptocurrency

Japan’s National Police Agency (NPA) say cases of suspected money laundering reportedly linked to cryptocurrency increased by 900 percent in 2018 when compared to the previous year. However, this still comprises only 1.7 percent of all money laundering investigations. Cryptocurrency Money Laundering Up Tenfold in Japan According to The Japan Times, the NPA reports that it recorded 7,096 cases of suspected cryptocurrency money laundering. This figure represents a tenfold increase from the 669 cases reported between April and December 2017. Back in early December 2018, the NPA released a report…

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Cryptocurrency Accounts for Less Than 2% of All Japanese Money Laundering Cases

Money laundering cases related to cryptocurrencies in Japan have increased significantly in 2018. Nevertheless, their number remains a fraction of the total. According to the Japanese press, the majority of reported money laundering instances actually involve banks and other traditional financial institutions. Also read: Platform for Crypto Payments to Bank Accounts Launching in the UK Most Instances Involve Banks and Credit Card Companies The number of cases of suspected money laundering linked to cryptocurrencies reported in Japan surpassed 7,000 last year, the Japan Times reported, quoting the National Police Agency.…

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Putin Sets July Deadline For Cryptocurrency Law in Russia

Russia’s long-running cryptocurrency regulation saga may soon be at an end as Vladimir Putin has ordered a deadline of 1st July 2019 for the approval of the ‘crypto-sphere’ bill. Previously, On ‘Crypto-Currenskiy’ The ‘Quest for the Regulatory Bill’ picked up pretty much straight after the finale of prequel, ‘The Prohibition Question’. As you may recall, the Federal Tax Service had finally revealed the bombshell, that Bitcoin was legally a foreign currency. By this point though, the story had become so drawn out and confused by plot twists, that all but…

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Europe’s Regulatory Head Seeks Further Control of Crypto Assets

Steven Maijoor, who chairs the European Securities and Markets Authority (ESMA), has shown support for further regulation of crypto assets. Maijoor said he would like to see financial instrument regulation applied to cryptocurrencies in line with Europe’s securities laws, ostensibly to “help protect investors.” Also read: Cryptopia Lost Almost a Tenth of its Assets in January Hack ‘Financial Laws to Protect Crypto Investors’ “Where crypto assets do not qualify as financial instruments, we are concerned that the absence of applicable financial rules leaves consumers exposed to substantial risks,” Maijoor was…

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Bitcoin Price Analysis: Bulls Look to Retest $4200 Into the Monthly Close

Bitcoin price is set to end a 6-month red candle losing streak today if the bulls can maintain a price above $3420. After a sharp $150 (4%) decline and subsequent sharp reversal, we take a look at the charts to try and get the lay of the land before the close. MONTHLY CHART Bitcoin price 00 opened the month at $3360 and managed to reach towards $4200 last week before suffering a setback on Sunday where the bears managed to take control while the bulls were taking profits and pushed…

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Cryptopia Says 9.4% of All Funds Stolen But Aims to Reopen Next Week

Hacked New Zealand cryptocurrency exchange Cryptopia revealed that it’s aiming to re-launch its website by Monday though only in a read-only mode.  Read-Only Cryptopia by Monday According to a recent update posted on Cryptopia’s official Twitter page, the exchange hopes to be able to re-open its website by Monday. However, it will only be in read-only mode, meaning users will only be able to check their balances for now. Update: We are aiming to have the Cryptopia site re-opened as read only by Monday. — Cryptopia Exchange (@Cryptopia_NZ) February 28,…

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35 Countries Urged to Regulate Cryptocurrency Exchanges Like Commercial Banks

The Financial Action Task Force has finalized its requirements for the supervision and monitoring of cryptocurrency service providers. The inter-governmental body has reportedly urged all of its 35 member countries to regulate crypto exchanges in the same manner they regulate commercial banks. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Regulating Like Commercial Banks Supervision standards for cryptocurrency exchanges were discussed at a Financial Action Task Force (FATF) meeting which took place in France on Feb. 22. Business Korea reported South Korea’s top financial regulator, the…

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Singapore Sovereign Wealth Fund Invests in Cryptocurrency Exchange – Report

US cryptocurrency exchange Coinbase received the majority of its $300 million 2018 funding round from a fund owned by the Singapore government, anonymous sources have revealed. GIC Private Surprise Funding Round Participant Speaking to Bloomberg, people “familiar” with the details of the fundraising deal said that GIC Private Limited (formerly Government of Singapore Investment Corporation), invested in the company. Officially announced last October, Coinbase said its Series E cash injection had come from the likes of Andreessen Horowitz and Polychain, but at the time did not mention GIC. The round…

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