The American Network for Combating Financial Crimes (FinCEN) has prepared and published a new manual, which outlined the current requirements for conducting operations “with convertible virtual currencies ” in the context of the law on bank secrecy and other regulatory documents in the field of remittances. In this way, FinCEN tries to prevent violations that lead to criminal and civil liability. FinCEN notes that the developers of blockchain solutions and smart contracts do not fall under the requirements of banking legislation when working on their projects, and DApp in the document is understood as “decentralized software operating in a peer-to-peer…
Author: BlockchainJournal
Social network Facebook can announce steyblkoin , the development of which, she allegedly deals with, in the third quarter of this year, writes Bloomberg , citing sources familiar with the situation. According to the publication, in preparation for this event, the company is actively attracting former employees of the payment corporation PayPal. The blockchain development team formed last year now has 50 employees, one fifth of whom worked for PayPal in the past. As it became known earlier, the ex-president of PayPal, David Marcus, is leading the project. It is assumed that the first region to test Facebook's Facebook will…
The American regulator, the Securities and Exchange Commission (SEC), will have to consider another proposal to launch a crypto ETF, this time the applicant is Crescent Crypto Index Services. Crescent Crypto Index Services, a subsidiary of the investment institution Crescent Crypto Asset Management, sent a proposal to the SEC to create a crypto ETF on the New York Stock Exchange on Wall Street (NYSE). It is assumed that the new tool that received the XBET ticker will track the change in the rate of the two most popular cryptocurrencies – Bitcoin and Ethereum. Representatives of Crescent Crypto Index Services explain…
The US Senate Banking Committee has demanded Facebook Inc. provide information about a secret cryptocurrency project codenamed Libra. Lawmakers are interested in exactly how the company intends to process the personal data of users of this proposed payment system. Representatives of the committee stressed that last year, Facebook requested data about its users from US banks. They added that many experts believe […]
The Abra wallet provider, in cooperation with Plate’s FINTECH service, added the ability to connect the application to US bank accounts for the purchase of cryptocurrencies. This was reported by the company in an official press release. Previously, Abra users replenished their wallets exclusively with bank transfers. Now they can connect their bank account with an account in the app. "Thanks to improved liquidity in the application, our […]
The most common questions among beginners who are interested in cryptocurrency in terms of investment: “Should I invest in cryptocurrencies and Bitcoin?” “What are cryptocurrencies?” “Is it possible to consider cryptocurrency as a serious investment, or is it just a kind of speculation?” Before answering "yes" or "no" to the first question, you first need to deal with the last two, which will lead you to make a decision that is right for you. What is cryptocurrency? Cryptocurrency is a form of decentralized digital currency that can be used as a legitimate means of payment – for example, to pay…
Representatives of Ledger, a French company that specializes in the development of hardware wallets for cryptocurrency, reported that the supply of devices Nano X (Genesis Edition) will begin next week. The Ledger team hastened to rejoice their customers with the fact that the first batch of new crypto wallets Nano X will go to their owners on May 15. Recall that the delivery of gadgets was delayed by the company for almost a month due to manufacturing problems. It is noteworthy that the crypto holders who made the order for the Nano X before March 21, as promised, will also…
The head of the Galaxy Digital Cryptocurrency Bank, Mike Novograz, during a SALT 2019 conference in Las Vegas, argued with well-known Bitcoin critic economist Nuriel Rubini that by Christmas the price of the first cryptocurrency will be above $ 6000. This is reported by CNBC. The loser in the dispute will have to recognize the victory of the opponent, wearing a T-shirt with a certain inscription. “Bitcoin has reached $ 6000. If for Christmas he […]
Mike Novograts, CEO of Galaxy Digital, expects that in 18 months the flagship BTC cryptocurrency will reach a new price high, probably exceeding $ 20,000. In a recent interview with representatives of CNN Business, Mike Novograz said that Bitcoin may just be recovering from a crash last year. The investor suggests that over the next 18 months, the cost of Bitcoin will increase by 3 times, once again reaching a price mark of $ 20,000, as happened at the end of 2017. Novograz believes that overcoming resistance at the $ 6,000 price level can be considered a key point for…
Cryptocurrency exchange Poloniex again became available for residents of the US state of Washington. Thanks for the new Institutions. pic.twitter.com/FP0QWVQxGJ – Poloniex Exchange (@Poloniex) 9 May 2019 р. According to the company, this became possible thanks to the receipt of a new […]