PayPal, the leader in online wallet payments, has filed a suit against the US Consumer Financial Protection Bureau (CFPB) over new rules requiring overly strict and constraining reporting for its digital wallets. Complaints of Unnecessary Reporting The CFPB has announced a campaign to regulate so-called prepaid cards, to avoid money laundering. In the lawsuit, filed with the United States District Court for the District of Columbia, PayPal claims the rules for prepaid cards have been incorrectly applied to digital wallets, which run on an entirely different principle. The rules for…
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Robinhood App Allows Users to Buy Fractional Shares
Stock-trading company, Robinhood, recently announced that its customers will soon have the ability to buy fractional shares of a range of equities. Robinhood managed to make a name for itself in the six years of its existence in several ways. First, it allowed traders to trade stock without having to pay a fee. Now, it has also announced that it will allow customers to buy and sell small fractions of shares, as well. In its blog post, Robinhood announced that it is introducing the so-called Fractional Shares, which come as…
Read More24K Casino Adds Ethereum
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. We live in an era where the latest technology profoundly shapes our daily lives. The past decade has seen an unprecedented growth in technology that not only revolutionized the online gaming industry but literally turned it on its head. The technology we’re talking about here is none other than Bitcoin (BTC). When it…
Read MoreChainalysis Partners with Bitfinex for Privacy-Safe Compliance
This week, Chainalysis announced the completion of a full AML solution applied on the Bitfinex exchange. The blockchain analysis is becoming the next frontier of verification, as the Financial Action Task Force (FATF) rules start to be unrolled from the summer of 2020. Regulators Worldwide Start Looking at Blockchain Activity Directly Chainalysis remarks that institutions are starting to scrutinize blockchains themselves. The startup is offering its approach to proving the origin of funds for multiple coins and tokens. Jason Bonds, Chief Revenue Officer at Chainalysis, commented, Bitfinex is known as…
Read MoreHas South Korea Joined the Central Bank Crypto Race?
The South Korean central bank is the latest in the list of national banks to reveal its intentions towards central bank crypto (CBDC). South Korea Joins Crypto Research Race According to local media, the Bank of Korea has begun hiring crypto-asset experts signaling that the central bank may begin developing its own CBDC. It added that successful candidates will head research on blockchain solutions and digital payment platforms. The BoK has yet to confirm that it will be launching a CBDC but the likelihood is strong as China is already…
Read MoreIran, Hong Kong, India: Failed Protests Point to Need for Crypto-Anarchy ‘Second Realms’
What is the second realm? It’s both an abstract and concrete “place” parallel to here, where temporary autonomous zones (TAZ) provide a chance to escape the burning surveillance spotlight of the state and brutal law enforcement culture, and allow for at least temporary exercises of human rights and freedom. A TAZ may allow for free and private trade of crypto and other goods, use of substances, and freedom of speech unafforded by the state. As governments worldwide crackdown violently on protestors more and more, these decentralized, concrete nodes of freedom…
Read MoreMainstream Investment Vehicles Tied to Cryptocurrencies Grow Exponentially
These days bitcoin and a variety of other digital assets are now being traded as funds and traditional equity holdings. The landscape of crypto investment vehicles has changed significantly as institutional and retail investors don’t need direct exposure to cryptocurrencies in order to invest in this technology. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange Traditional Investment Products Tethered to Digital Assets Bitcoin has been around for more than a decade and the digital asset has invoked the creation of trusts, exchange-traded products, cash-settled futures, and investment funds.…
Read MoreGerman Fintechs Rush to Offer Crypto Custody Services Under New Law
Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will focus exclusively on the niche. The new entity and another German startup, Finoa from Potsdam, are planning to apply for new crypto custody licenses. Also read: Skrill Now Lets You Swap BTC for BCH Solaris Digital Assets to Apply for Bafin License As an important partner of…
Read MoreMining Report Shows 65% of Bitcoin’s Hashpower Stems From China
As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China. Also Read: Bakkt Launches Bitcoin Options in US, Futures in Asia China Captures 65% of BTC’s Processing Power, Province of Sichuan Commands 54% With crypto market prices seemingly in a slump, one would think that BTC…
Read MoreTop 5 Crypto Christmas Presents for 2019
With 12 days to go until Christmas, the countdown is officially on! Check out these top crypto goodies that any self-respecting crypto HODLer wants to find in their stocking. 1. Cryptotag Zeus – Starter Kit What do you get for the crypto HODLer who has everything this Christmas? The chance to engrave his (or her) 24-seed back up phrases on to high-grade titanium metal plates, of course. You could argue that paper works equally well for jotting down a recovery phrase. But in the event of a house fire or…
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