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The MFSA is finally issuing the first licenses formed under the crypto laws introduced in 2018.

Cryptocurrency exchange and debit card provider Crypto.com has scored major regulatory approvals from the Maltese government.

According to a Nov. 24 announcement, the Malta Financial Services Authority, or MFSA, has granted Crypto.com two financial licenses: a Financial Institution License and a Class 3 Virtual Financial Assets, or VFA, License.

The Financial Institution License officially enables Crypto.com to provide payment services and issue electronic money. A Class 3 VFA License allows Crypto.com to offer investment management services, custody and trading to both professional and nonprofessional investors.

Acc ... Read more »

Category: News | Views: 17 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

Crypto is against capturing the attention of the mainstream media, with the front page of today’s Wall Street Journal discussing Bitcoin’s 80% rally since reclaiming five-figure prices.

After rallying 80% in two months, Bitcoin is recapturing media interest from the top end of town, with The Wall Street Journal discussing the cryptocurrency’s adoption among institutional investors on the front page of its Nov. 23 issue.

The report notes that Bitcoin has recently found support from “Wall Street billionaires” Paul Tudor Jones and Stanley Druckenmiller, alongside other public figures including a sports radio host.

WSJ’s coverage comes following a lull in Bitcoin’s presence in main ... Read more »

Category: News | Views: 18 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

Monero (XMR) has been one of the main privacy technologies in the crypto space for many years now. Unlike what many think, Bitcoin is actually easy to track if a user connects their account to an exchange.

But even Monero may be susceptible to tracing, according to a recent press release from CipherTrace.

Monero Is Being Cracked by CipherTrace

According to a press release from CipherTrace, a leading blockchain analytics company, they’re currently working on tracking Monero in collaboration with the Department of Homeland Security:

CipherTrace has filed their second Monero tracing patent application— Techniques and Probabilistic Methods for Tracing Monero. ... Read more »

Category: News | Views: 19 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

Bitcoin price failed again to clear the $18,800 resistance against the US Dollar. BTC is trading in a range and it could correct lower sharply if there is a break below $18,200.

Bitcoin is still trading well below the key resistance area near the $18,700 and $18,800 levels.
The price is now below $18,500 and the 100 hourly simple moving average.
There is a key contracting triangle forming with resistance near $18,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could decline sharply if there is a clear break below $18,200 and $18,050.

Bitcoin Price is Showing a Few Bearish Signs

There was another attempt by bitcoin price to clear the $18,700 and $18,800 resistance levels ... Read more »

Category: Analytics | Views: 15 | Added by: danyagames2007 | Date: 24.11.2020 | Comments (0)

The Switzerland-based branch of a major Russian bank has also joined OpenVASP.

Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators.

According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running partners like fintech firm Avaloq and crypto custody provider Metaco.

Gazprombank Switzerland CEO Roman Abdulin said that the new service intends to make crypto transactions “as easy as transactions with traditional assets,” stating:

“Digital assets will become increasingly important for our clients and the glo ... Read more »

Category: News | Views: 20 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

Crypto debit cards have gained popularity in recent years, and one company is aiming to gain an upper hand over rivals by eliminating downsides and offering competitive perks.

In the early days, cryptocurrencies could only really be used for investing and trading. If you wanted to make a purchase using digital assets, you’d probably end up disappointed.

Crypto debit cards have burst onto the scene in recent years — paving the way for these cutting-edge currencies to be used for everyday products. There’s just one problem… many products on the market have their limitations.

More often than not, the owners of these debit cards need to top them up before they can be used, and their prepaid nature ... Read more »

Category: News | Views: 18 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

Coinbase has suffered multiple outages since March, often coinciding with volatile Bitcoin trading days.

Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers from buying or selling their crypto assets and are generally viewed unfavorably by traders.

Between March and November, the exchange recorded nine different issues leading to various types of outages or connectivity problems, although direct customer impact is somewhat unclear in some of the instances. The issues seemingly range in their degree of severity. The main status update posted by Coin ... Read more »

Category: News | Views: 13 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

A metric from bitcoin’s perpetual futures market suggests some traders may have become overleveraged during the recent rally to above $18,000.

The average level of the “funding rate” across major exchanges has risen sharply from 0.023% to a five-month high of 0.087% in the past 48 hours, according to data source Glassnode.

“Rising funding rates have in the past been associated with a larger portion of the market utilizing leverage via perpetuals,” Matthew Dibb, CEO of Stack Funds, told CoinDesk. “If we see continued overleveraging in the derivatives market, bitcoin (BTC, +2.74%) will be increasingly volatile in the short-term.”

Subscribe to Blockchain B ... Read more »

Category: Analytics | Views: 17 | Added by: andryvrozhkov | Date: 23.11.2020 | Comments (0)

The OCC is proposing a rule change that compels large U.S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank Act’s mandate.

Discrimination Against Disfavored Businesses

The Dodd-Frank Act already recognizes a broad and longstanding anti-discrimination principle that individuals are entitled to be treated fairly by national banks. The Office of the Comptroller of the Currency’s (OCC) proposed rule change now seeks to end the persistent discrimination against “disfavored” b ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

The U.S.-based company Digital Asset Investment Management (Daim) has announced the launch of a company-sponsored 401(k) retirement plan that allocates up to 10% in bitcoin. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold storage by leveraging the custodian Gemini Trust.

During the last few years, investors have been able to leverage a digital currency retirement plan in the form of an IRA. For instance, the company Bitcoinira helps people invest in cryptocurrencies like BTC, BCH, ETH, and LTC with the firm’s cryptocurrency-focused retirement funds. On Thursday, November 19, 2020, the Newport Beach California-based company Digital Asset Investment Manageme ... Read more »

Category: News | Views: 32 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)