Cryptocurrency Price Manipulation Courtesy Of Bots

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The manipulation of cryptocurrencies is getting attention from regulators who have been warning that these digital tokens, and the exchanges they are traded on, could be vulnerable to price manipulation. In the summer, The Wall Street Journal reported that pump and dump schemes — in which an asset is talked up to drive the price higher before traders dump it for a profit — are making their way to the cryptocurrency market, with coin traders gathering in digital chatrooms to plot scams.

Coinbase Starts Cryptocurrency Venture Fund

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To give cryptocurrency startups and their founders a boost, Coinbase has started a new incubator fund called Coinbase Ventures. While the popular cryptocurrency exchange expects the fund’s profits to be small compared to those of its overall business, the fund already has $15 million and is expected to grow, CNBC reported. “We’re The fund is designed to help launch firm and aid founders in the cryptocurrency and blockchain industries.

Israel to Tax Cryptocurrencies

Bank Innovation

Israel is going to put a tax on cryptocurrencies including bitcoin, regulators in the country said yesterday. According to a circular by Israel Tax Authority yesterday, the government said it looks at cryptocurrencies as a property rather than a currency, and therefore it will be taxable.

Thailand to Tax Cryptocurrencies

Bank Innovation

Taxes on cryptocurrency? Taxing cryptocurrency is a way for […]. Compliance Cryptocurrency Exclusive Bitcoin cryptocurrency regulationsThat’s what regulators in Thailand are planning to institute.

TransferGo Rolls Out Cryptocurrency Support

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We’ve launched this cryptocurrency trading facility in response to demand from our user base,” said TransferGo Founder and CEO Daumantas Dvilinskas. The idea behind the service is to provide customers with a familiar environment to invest in cryptocurrencies. Cryptocurrency bitcoin Crypto Exchange cryptocurrency money transfers News real time payments trading TransferGo What's Hot

Ripple Leads Cryptocurrencies Lower

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Cryptocurrencies led by real-time gross settlement (RTGS) system Ripple’s XRP fell in trading Monday (Jan. While Ripple was soaring in trading in 2017, concerns have been mounting recently that it could be a bubble pressuring it and other cryptocurrencies. . Ripple News reported that Western Union was gearing up to embrace Ripple’s blockchain technology which made supporters of the cryptocurrency happy.

Cryptocurrency Market Slumps As Ether Declines

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The cryptocurrency market is continuing its descent with the market hitting a new ten-month low after the price of Ether declined and regulators in the U.S. halted trading in two securities that are tied to cryptocurrency. According to a report in Bloomberg Ether, which is the second biggest cryptocurrency behind Bitcoin, fell 8.9 Cryptocurrency bitcoin cryptocurrencies ether News SEC Securities and Exchange Commission What's Hot

Uphold Powers Cryptocurrency Payroll

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In the developed world of workers in the United States and Europe, the ability to be paid in cryptocurrency probably would not add all that much to their daily life. But Uphold, in its newly announced partnership with cryptocurrency payroll firm Bitwage and Dash (a blockchain-powered cryptocurrency), is committed to making that wage movement easier – both for the employer and the worker.

Regulating the cryptocurrency markets

Chris Skinner

I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets appeared first on Chris Skinner's blog. Someone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised?

The future of cryptocurrencies

Chris Skinner

2017 has been a wild and fantastic year for cryptocurrencies, especially bitcoin. 2017 was when everyone thought they had to get into cryptocurrencies, and … The post The future of cryptocurrencies appeared first on Chris Skinner's blog

When national currencies fail (cryptocurrencies rise)

Chris Skinner

… The post When national currencies fail (cryptocurrencies rise) appeared first on Chris Skinner's blog. Venezuela is the latest country to spin into hyperinflation, showing the same signs as the meltdown in Zimbabwe that created the 100 trillion dollar note.

Facebook Reverses Cryptocurrency Ad Ban

Bank Innovation

PREMIUM –Facebook has changed its stance on cryptocurrency ads by reversing a ban it had placed on the ads only five months ago. The news didn't do much for bitcoin, the most well known cryptocurrency, which is trading today a little above $6,000.

Estonia Shelves Plans For National Cryptocurrency

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Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. Estonia , which is among the most tech-friendly countries in eastern Europe, had been a leader in potentially issuing a national cryptocurrency, but the plan was criticized by Draghi earlier in the year when he said the euro can be the only currency in the country. “No

China Goes After Alternative Cryptocurrency Trading Platforms

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China steps up its regulation of cryptocurrency trading by going after online platforms and mobile apps. Last year, Chinese authorities banned trading in cryptocurrencies, but recently the country has been seeking out alternative cryptocurrency trading venues. Chinese regulators want to block people in the country from accessing offshore and homegrown platforms that enable cryptocurrency trading. According to Bloomberg, the cryptocurrency was recently down 1.2

Eastman Kodak Launches Photo-Focused Cryptocurrency

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Following in the footsteps of companies seeking to get in on the cryptocurrency craze, Eastman Kodak Co. The cryptocurrency, which the company is calling Kodakcoin, will be “a photocentric cryptocurrency to empower photographers and agencies to take greater control in image rights management.”. Fast-casual restaurants have also launched their own cryptocurrencies. Blockchain cryptocurrency Eastman Kodak investing Kodakcoin Merchant Innovation News stocks What's Hot

Cryptocurrencies Surge as Debate Over Digital Tokens, Securities Reignites

Bank Innovation

EXCLUSIVE— Cryptocurrencies are experiencing one of their highest points in recent weeks, after remarks made by former financial regulator Gary Gensler brought back concerns that certain tokens should really be considered securities.

Why cryptocurrencies are more trusted than banks

Chris Skinner

I spotted a chart the other day showing the millions of dollars lost on cryptocurrency platforms … Source: The Wall Street Journal Since 2011, there have been 56 cyberattacks directed at cryptocurrency exchanges, initial coin offerings and other digital-currency platforms around the world, according to Autonomous Research, bringing the total … The post Why cryptocurrencies are more trusted than banks appeared first on Chris Skinner's blog.

Japanese Cryptocurrency Exchanges Report 669 Cases of Money Laundering

Bank Innovation

Japan’s cryptocurrency exchanges have reported a total of 669 suspected money laundering cases to the country’s National Police Agency, according to a report by Nikkei Asian Review. Cryptocurrency Exclusive Security Bitcoin cryptocurrency money laundering

Japanese Cryptocurrency Exchange bitFlyer Launches in Europe

Bank Innovation

Japanese cryptocurrency exchange bitFlyer today announced its launch in Europe. Compliance Cryptocurrency Exclusive Bitcoin bitFlyer cryptocurrencies European UnionbitFlyer, the first Bitcoin exchange to be regulated in Japan and the U.S.,

13 Questions to Cryptocurrencies From SEC

Bank Innovation

The Securities and Exchange Commission is telling investors to ask their cryptocurrency platforms 13 questions to weed out the “”potentially unlawful” ones. Cryptocurrency Exclusive Bitcoin Commodity Futures Trading Commission cryptocurrency securities and exchange commission

FinCEN Eyes Cryptocurrency Amid 1,500 Monthly Complaints

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Blanco told a conference last week that FinCEN, which operates as part of the Treasury Department, sees as cryptocurrency gains traction. Over the past few years, he stated FinCEN has issued a number of rules that have helped clarify how firms should operate within cryptocurrency spheres. Beyond cryptocurrencies, it was reported earlier this week that states may be at odds with the Trump White House amid differences on how FinTech should be regulated.

Nordea Institutes Cryptocurrency Trading Ban For Employees

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Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin, the company said on Monday (Jan. While Nordea will not force employees to sell cryptocurrencies that they currently own, the bank recommends that they do so. For employees who do wish to trade in cryptocurrency, they will not be able to do so from Feb.

Cryptocurrency Expert: Government-Backed Cryptocurrency Misses the Point

Bank Innovation

EXCLUSIVE- To make a government-backed cryptocurrency is to defeat the point of cryptocurrency, Jacob Eliosoff, a programmer, crypto trader, businessman, and teacher, explains in an interview with Bank Innovation.

A third of banks expect to hold cryptocurrencies on their balance sheets

Chris Skinner

I received a really interesting report from the law firm DLA Piper last week.

Estonia to Launch Government-Backed Cryptocurrency

Bank Innovation

Estonia, a small Northern European country bordering the Baltic sea and Gulf of Finland, wants its own official digital cryptocurrency. Cryptocurrency Exclusive cryptocurrency Estonia Ethereum ICOs

The Two Faces of Cryptocurrency in China

Bank Innovation

Compliance Cryptocurrency Exclusive Online Security Chinese cryptocurrency crytpocurrency.

Major Indian Bank HDFC Bans Cryptocurrency Purchase

Bank Innovation

EXCLUSIVE – HDFC (Housing Development Financial Corporation), one of India’s largest private sector banks has banned cryptocurrency purchases from its cards, both credit and debit. Cryptocurrency Exclusive Premium Bitcoin cryptocurrency HDFC Bank ICICI Bank India Reserve Bank of India

Visa Greenlights Singapore Prepaid Cryptocurrency Card

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Singapore residents will soon be able to make purchases with a prepaid Visa card backed by the cryptocurrency platform Monaco. This is an important step towards Monaco’s vision to introduce cryptocurrency to the mass market,” said Kris Marszalek, co-founder and CEO of Monaco, in a press release. percent cryptocurrency cash back on all transactions, the Monaco Visa prepaid card will become the card of choice for consumers.

Russia to Regulate Cryptocurrencies in 2017

Bank Innovation

Russia will start regulating cryptocurrency trading by the end of the year, according to the country’s Finance Minister. Cryptocurrency Bitcoin Bitcoin regulation cryptocurrencies Russia

China To Shut Down Cryptocurrency Exchanges

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Bitcoin, the popular cryptocurrency, is facing increased scrutiny from government regulators in China, which are reportedly gearing up to close Chinese bitcoin exchanges. This decision resulted in a decline in the price of the cryptocurrency late last week. This is the latest in a series of steps by regulators in China to clamp down on the surging cryptocurrency market.

China Does a 180° on Cryptocurrency

Bank Innovation

China has reportedly banned all bitcoin executives from leaving its borders as part of the country’s crackdown on its cryptocurrency industry. Compliance Cryptocurrency Exclusive Online Bitcoin China compliance cryptocurrency regulations

Cryptocurrency Is an Asset Class, Chain CEO Adam Ludwin, says

Bank Innovation

EXCLUSIVE – Cryptocurrency is an asset class that enables a new kind of software, Adam Ludwin, co-founder and CEO of blockchain technology platform Chain said at the Bank Innovation 2018 conference in San Francisco. Cryptocurrency Exclusive Bitcoin cryptocurrency

Bitcoin, Other Cryptocurrencies Continue Decline Over Regulation Fears

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With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018. Citing Japan’s Nikkei Business Daily , TheStreet.com reported that two cryptocurrency exchange startups took back their applications to the Financial Services Agency in Japan after they were told to beef up their security features.

DDoS Attacks With Cryptocurrency Demands Increasing

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Distributed denial of service attacks, otherwise known as DDoS , have now added a cryptocurrency mining twist to the scam, requiring victims to pay the ransom. In one example, a note demanded 50 XMR, or Monero, which is a cryptocurrency. Fortune noted that Monero has become an attractive cryptocurrency for the bad guys because it is harder to trace than bitcoin. Security & Fraud Akamai bitcoin cryptocurrency DDoS Hackers Monero News phishing ransom What's Hot XMR

Five At Five: IBM’s Cryptocurrency Move

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News alibaba cryptocurrency Five at Five food delivery Healthcare IBM IHOP Microsoft Retail walmartWelcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes a digital coin push involving IBM , along with Walmart ’s latest efforts involving healthcare and Microsoft. In addition, it’s a big day for food delivery news, with Alibaba and IHOP activity in that area. IBM And Stronghold Back Stable Digital Coin Stronghold USD.

FinTech, cryptocurrency and corporate change

Chris Skinner

I was recently recorded on Roger Edwards’ podcast talking about FinTech, cryptocurrency and corporate change. You can checkout his website here, and here’s the low-down of our chat: On the show this week, I … The post FinTech, cryptocurrency and corporate change appeared first on Chris Skinner's blog. Roger is a marketing strategist focused upon the insurance industry, and produces regular podcasts about said subject.

PayPal Focuses On Venmo, Not Cryptocurrency

Bank Innovation

EXCLUSIVE – Payments company PayPal might not see immediate value in cryptocurrency, but it's continuing to see more value in its P2P payments service Venmo, according to the company's Q1 earnings call yesterday.

The lies spread by bankers about cryptocurrencies

Chris Skinner

I had a chat with The Financial Times the other day, and provided lots of background as to why I don’t think cryptocurrencies are the choice of criminals. The comment that was reported was the following: Chris Skinner, a financial technology author, said it was “complete rubbish” to suggest the main … The post The lies spread by bankers about cryptocurrencies appeared first on Chris Skinner's blog.

Bridging The Gap Between Fiat And Cryptocurrencies

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The debate over cryptocurrencies tends to hinge on the investments within the digital Wild West. The key questions revolve around who regulates bitcoin and its peers, from Ethereum to the slew of cryptocurrencies that seem to pop up daily. Perhaps lost in the shuffle, however, is the actual use of cryptocurrency as currency – namely, a way of getting goods and services into the hands of those who want them.

Arizona Considers Accepting Tax Payments In Cryptocurrency

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Two years after legislators in New Hampshire decided that they would not allow their citizens pay their taxes with bitcoin, the Arizona state legislature is mulling a bill that would pave the way for people to pay their Arizona taxes with cryptocurrencies, Coindesk reported. In January, Arizona lawmakers had submitted a bill that would allow taxpayers to use bitcoin – and other cryptocurrencies – to pay “tax and any interest and penalties” to the Arizona Department of Revenue.

Bitcoin Tracker: Battle For The Cryptocurrency Crown

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At the beginning of 2017, the cryptocurrency bitcoin was valued at just under $1,000 and soared up to over $3,000 in May. Cryptocurrencies have seen major growth in popularity, and alongside the increasing speed of eCommerce transactions, so does the demand for widespread use. Typically, cryptocurrencies have been relegated to the finance industry, but it has started to make inroads over the past few months into the mainstream arena.

Japanese Cryptocurrency Exchange Glitch Almost Leads to $20 Trillion Loss

Bank Innovation

It’s not a great time for Japanese cryptocurrency exchanges. Weeks after a major heist, another Japanese cryptocurrency exchange reported a huge disaster that allowed users to buy bitcoin for free. Cryptocurrency Exclusive Bitcoin Coinbase cryptocurrency

Japan Regulators Crack Down on 15 Cryptocurrency Exchanges

Bank Innovation

It’s not surprising that the Japanese government tighten its grip on cryptocurrency exchanges following a major hack a few weeks ago. Today, the Japanese government said it will start an inspection on 15 unlicensed cryptocurrency exchanges.