Day: February 7, 2020

London Block Exchange Placed Into Compulsory Liquidation

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The company formerly known as London Block Exchange (LBX), which faced a lawsuit from one of its creditors, is to be wound up. Known as Dragon Payments Ltd. since last July, the firm announced Thursday that it had been placed into compulsory liquidation on Jan. 31. Paul Cooper and Paul Appleton of David Rubin & Partners were appointed as joint liquidators earlier this week by the U.K.’s Secretary of State for Business. In a statement that has now entirely replaced its website, the company said: “the Joint Liquidators and their…

Tax Agents โ€˜Confiscateโ€™ Bitcoin From Criminal but Keep the Coins in His Wallet

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The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials continue to insist only government agencies have access to the wallet. Also read: US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks Latvian Tax Authority Seizes Crypto Months After Court Order The announcement from the tax administration comes after a court…

Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet

boss

The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials continue to insist only government agencies have access to the wallet. Also read: US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks Latvian Tax Authority Seizes Crypto Months After Court Order The announcement from the tax administration comes after a court…

Zero Chance Wikipedia Will Ever Use Bitcoin SV, Says Jimmy Wales

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Wikipedia co-founder Jimmy Wales has expressed skepticism regarding top-10 digital currency Bitcoin SV (BSV), claiming that the coin โ€œoffers nothing for Wikipedia.โ€ Wales made his statement right after the team behind the CoinGeek London conference โ€” which promotes Bitcoin SV to stakeholders โ€” announced his participation as a keynote speaker. Walesโ€™s questionable participation โ€œUntil the emergence of Bitcoin SV (BSV) to reclaim Bitcoinโ€™s original design, no blockchain had the scalability to power micropayments to efficiently reward better user information and handle the staggering amount of data Wikipedia carries,โ€ the speaker…

Ex-TradingView COO Joins Binance as Director of Fiat, Europe and CIS

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Binance, one of the worldโ€™s largest cryptocurrency exchanges, is planning to further bolster its fiat-to-crypto gateways by hiring a former TradingView exec. Iskander Malikov, a former chief operating officer at major trading chart analysis service TradingView, has joined Binance as the new director of fiat, the exchange announced Feb. 6. Former TradingView COO to focus on fiat-to-crypto gateways in Europe and CIS After serving for over three years at TradingView, Malikov will be now focused on fiat-to-crypto channels in regions across Europe and the Commonwealth of Independent States (CIS). The…

Zab Technologies introduces neoteric features in their Cryptocurrency Exchange Software

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Zab Technologies, a Blockchain Development Company has integrated premier features in its cryptocurrency exchange software. โ€œ We are well-versed in deploying Cryptocurrency Exchange Software solutions at a minimal cost! Our software has so far deployed around 50+ Crypto Exchange Software which has helped our clients in setting up their own Bitcoin Trading Platform. Thus, for enhancement of our software, we have added new features!โ€, started the Chief official at Zab Technologies. In addition to Cryptocurrency Exchange Services, they also specialize in a various set of solutions such as: Blockchain Development…

Fearing ‘Currency Struggle,’ Japanese Politicians Want G7 Response to China’s Digital Yuan

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Japanese politicians are calling on G7 members to respond to China’s digital yuan by collaborating on digital currency research. Senior politicians from the ruling Liberal Democratic Party (LDP), led by former economy minister Akira Amari, told reporters Friday that Japan should share information and technical studies with the U.S. and other G7 members in order to respond to China’s digital yuan initiative, which could pose a serious challenge to the greenback’s global supremacy, Reuters reports. โ€œWe live in a stable world led by dollar settlement. How should we respond if…

A Big Whale on BitMEX Sold Bitcoin Worth $5 Million

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WhaleTrades, a Twitterati who tracks the large crypto transactions, alerted that a big whale on BitMEX sold $5 million worth of bitcoin at $9,749.69. BitMEX $BTC Whale:$5,000,000 worth of #Bitcoin sold at $9,749.69 12:13:43 2020/02/07| ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ EXIT ALL CRYPTO MARKETS โ€” WhaleTrades ๐Ÿณ (@WhaleTrades) February 7, 2020 Bitcoin Calls that Followed Minutes before the big sell order,ย Bitcoin had soared above $9,890 to establish a new year-to-date high. However, the rally fizzled within minutes to near $9,737, leaving traders under the impression of a pump and dump behavior. Full-time trader Salsa…

Switzerland to Require ID for Crypto Exchange Transactions Over $1K

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The Swiss Financial Market Supervisory Authority (FINMA) passed an anti-money laundering provision on Feb. 7. Citing additional risk, the threshold for unidentified crypto exchange transactions is lowered from 5,000 CHF to 1,000 CHF (approximately $1,020 USD). The provision comes following the enactment of the new Financial Services Act and Financial Institutions Act, which came into force on Jan. 1. FINMA introduced the revised ordinance in response to these acts, and will hold a consultation on follow-up regulation until April 9. One of the key changes from the new provision is…

Ethereum Closes Above $200 and It Has Strong Possibility of Hitting $275 Next

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Traders encouraged by Ethereumโ€™s impeccable growth in the decentralized finance (DeFi) sector have pushed its native token Ether to its five-month high. The Ether-to-dollar exchange rate cemented a new yearly peak of $222.63 after surging by 4.55 percent on Friday. The move uphill extended the pairโ€™s year-to-date gains to 71 percent, making Ethereum one of the best performing blockchain projects heading into 2020. Ethereum in a parabolic price rally | Source: TradingView.com, Coinbase The euphoria started when bitcoin broke above key resistance levels in January โ€“ as investorsโ€™ appetite for…