Month: August 2019

Crypto News From Brazil: Week in Review

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Last week, Brazilian authorities took regulatory action against crypto-related businesses and several alleged cryptocurrency scams. Earlier this month, legal requirements for crypto-related business tightened in the country, when Brazil’s tax authority, the Department of Federal Revenue (RFB), introduced strict reporting requirements for crypto transactions.  Police search Grupo Bitcoin Banco with alleged excessive force The Military Police of Paraná served a warrant and subsequently searched the offices of crypto trading and investment platform Grupo Bitcoin Banco (GBB) in downtown Curitiba. Police sought to seize 25 bitcoins (BTC) following a complaint filed…

Electron Cash Wallet Gets ‘Mecenas’ Recurring Payments Plugin for BCH

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Electron Cash Wallet Gets ‘Mecenas’ Recurring Payments Plugin for BCH August 25, 2019 by Jeff Fawkes The Electron Cash BCH wallet now has a new easy to use plugin called Mecenas. Mecenas means “Patron” and it allows BCH users to make payments that execute automatically at set times. Also read: Do You Support ‘Privacy Coins’? If so, Which One? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Mecenas Allows Users to Execute Recurring Payments What’s Mecenas used for? It is to set up an automated system for recurring…

Bitcoin Bombshell, Libra Rivals, Twitter Spats: Hodler’s Digest, Aug. 19–25

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Binance reveals “Venus” — its own project to rival Facebook’s Libra With Facebook tangled up in regulatory tape and putting Libra on ice, others are seizing the chance to leapfrog the social network and launch their own stablecoins. Walmart’s at it, the People’s Bank of…

Thai SEC Warns Public About New Crypto Scam Operating Overseas

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Thailand’s securities regulator has warned the public about scam entities posing as legal digital currency trading firms operating overseas. Investor losses are not known The Thai Securities and Exchange Commission (SEC) has discovered a new crypto scam where investors are lured into operating with companies outside the country, local English-language news outlet Bangkok Post reports on Aug. 25. The regulator has become aware of several fraudulent companies involved in the case, including the alleged scam entity named FX Trading Corporation, which is not authorized to trade in digital currencies, the…

Internal Revenue Service Sends New Round of Letters to Crypto Holders

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Last week, the United States Internal Revenue Service sent another round of letters to crypto traders called CP2000. These notices were sent to traders of some crypto exchanges due to inconsistencies found in their tax reports. Using the information provided by third-party systems — such as crypto exchanges and payment systems — the IRS has been able to determine the amounts traders owe and included the amounts in dollars in the notices. Individuals who have received these notices are required to pay within 30 days, starting on the delivery date…

Top-5 Crypto Performers: ETC, IOTA, ADA, TRX, XLM

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Some of the top performers of the past seven days are showing signs of a turnaround. Is it a good time to buy? Let’s look at the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Facebook’s Libra continues to face resistance as central banks, regulators and governments have not been…

Kraken OTC Head: Bitcoin Is Not Safe Haven Yet

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Head of over-the-counter (OTC) sales at cryptocurrency exchange Kraken Nelson Minier compared today’s cryptocurrency trading industry to how Wall Street used to be, adding that it is still too soon to call Bitcoin a safe haven for investors. During the Nasdaq TradeTalks interview published on Aug. 22, Minier stated: “Wall Street ain’t what it used to be. The first 15 years I was on Wall Street, it was fun. I was very fortunate. I started in the CDS market which feels a lot like crypto. Here you have a lot…

Is the Former Champion Involved In Crypto?

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United States boxing legend Mike Tyson has denied a connection with the cryptocurrency project Fight to Fame, which is suspected of financial fraud. He announced it in a Twitter post on Aug. 15: “I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight to Fame now or in the future. Any media reporting my current involvement isn’t accurate.” The information about the project first appeared in the media back in April this year. Why, however, it was only…

Waves DEX Now Supports Ethereum-Based ERC-20 Tokens

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Blockchain platform Waves added support for Ethereum-based (ETH) ERC-20 standard compliant tokens to its decentralized exchange (DEX). On Aug. 22, the platform announced that Waves’ built-in DEX began supporting ERC-20 tokens. Recently, Waves team also launched a new gateway with Vostok and Ergo tokens support. High hopes for the feature Waves’ team also expressed hope that the new feature will have a positive impact and will attract new traders and assets to the platform. The post also promises: “Soon, you will see new trading pairs with ERC-20 tokens. Last year,…

Model: Bitcoin (BTC) Price to Surge 100% to $20,000 by May

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In just around nine months, Bitcoin (BTC) will see its next block reward reduction — dubbed “halving”. Despite this rapidly approaching bullish event, however, the cryptocurrency market has stagnated, establishing a trading range. Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTC But a model from PlanB suggests that should history repeat itself, the Bitcoin price has lots of room to rally ahead of the halving. In fact, the statistician’s chart hints that BTC will be up 100% by May next year. $20,000 Bitcoin in Due…