North Korean Crypto Social Media Monitoring on the Rise

Recent reports by the South Korean press warned that North Korea might be expanding its crypto social media monitoring.  Yesterday’s report by NK Economy claims that North Korean firm Marine Chain is actively keeping an eye on leading names in the crypto and blockchain space This would not have mattered for most other companies, but for Marine Chain, it has a particular significance. It is no secret that the company is an outright crypto scam. Originally established in Hong Kong back in April 2018, it was specifically mentioned a few…

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Boerse Stuttgart’s Crypto Exchange Live for All Traders in Germany

Germany’s second-largest stock exchange, Boerse Stuttgart, has opened up its cryptocurrency trading platform to all interested traders in the country. This move follows the passing of a bill allowing banks in Germany to sell and hold cryptocurrencies for their clients starting next year. Also read: Regulatory Roundup — Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia Regulated Crypto Trading Platform Boerse Stuttgart announced Friday that its digital asset trading platform is “now open to any interested persons in Germany.” The BSDEX platform was launched in September…

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Ross Ulbricht Clemency Petition Gathers 250,000 Signatures

On Friday, the Clemency for Ross Ulbricht petition hosted on Change.org surpassed 250,000 signatures. The solicitation for signatures started in July 2018 and gathered roughly 6,200 signatures during the first three days. Now with a quarter of a million signatures asking U.S. President Donald Trump to commute Ulbricht’s sentence, the message clearly shows how people have continued to fight for his freedom and hope one day Ross will be a free man. Also read: Film Reveals Never-Before-Seen Information About the Silk Road Case A Petition for Ross Ulbricht’s Clemency Ross…

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Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin

Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain shared details about their progress. Also read: Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well When Markets Are Far Oil production has certain byproducts, one of which is natural gas. When drilling sites…

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Bitcoin Cash 2019: Year in Review

2019 is coming to an end and the Bitcoin Cash (BCH) ecosystem has matured a great deal. BCH has successfully upgraded twice this year, adding Schnorr signatures capabilities and most transactions on the BCH network are now non-malleable. Moreover, BCH has seen increased adoption this year, an SLP token explosion, a slew of helpful third-party applications, and has become a privacy contender with Cashshuffle and Cashfusion on the way. Also read: Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles This Year’s Bitcoin Cash Growth As the new year approaches,…

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Fortune Star Digital Asset Fund Locks Over 85% of LFE Cash Tokens

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. Fortune Star Digital Asset Fund (a professional Cayman Islands investment fund) has secured 3,547,437,988 LFE Cash tokens for its flagship digital asset fund that has been launched this week. The deal itself was completed by its parent group Fortune Star Investments Ltd way back at the LFE ITO closing. FSI have provided much…

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EU Finance Ministers Place Defacto Ban on Libra

Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges and risks.” Also Read: Libra Testnet Fails to Impress as New Legislation Looms Lawmakers Still Reluctant Just last month news.Bitcoin.com reported on the “Managed Stablecoins are Securities Act of 2019,” proposed legislation in the U.S. which seeks to regulate libra as a security, going against Libra representatives’ stated vision for…

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Brazil IRS Creates Penalty Code For Dishonest Crypto Taxpayers

The IRS in Brazil has turned the spotlight on crypto deals and transfers, creating a special penalty code to fine for misreporting. Brazil Requires Monthly Filings for Crypto Activity Failing to file a monthly report of crypto asset movements triggers “Revenue code 5720 – Default for Default / Incorrect / Delay in Reporting on Transactions Performed with Crypto”, reported community portal OBN. Brazil introduced crypto regulation this August, and the IRS claims it has received reports for $14 billion in transactions in the past few months. It is uncertain how…

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BIS Fears Central Banks May Lose Relevance to Private Cryptos

For Agustin Carstens, head of the Bank of International Settlements (BIS), central banks cannot concede their roles as gatekeepers of the global financial system to private cryptos. Meanwhile, authorities in the U.S. say no plans exist to create a digital U.S. dollar (USD) despite reports of some major nations looking to float their own sovereign digital currencies. Private Cryptos Shouldn’t Replace Banks In a speech delivered at Princeton University, Carstens argued that private cryptos shouldn’t replace central banks. According to Bloomberg, the BIS chief likened virtual currency projects to ‘gleaming…

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Millennials Trust Bitcoin-Based Equities Over Microsoft, Disney Stock

Bitcoin-based investment has made its way into the portfolios of the youngest investors, as millennials allocate a part of their retirement to Bitcoin-based stock. Millennials Allocate Funds to Different Asset Mix Analysis of self-directed brokerage accounts show a generational divide in selecting assets. Older GenX investors have no exposure to Bitcoin (BTC) through financial instruments, but millennials have bought into the Grayscale Bitcoin Trust. The analysis in the latest Schwab report reveals that the newest generation of investors allocates around 1.84 of its portfolio to GBTC stock, more than is…

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