Monthly Archives: May 2021

Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year. 3098 Total views 2 Total shares Cryptocurrency businesses in the United Kingdom have been struggling to meet Anti-Money Laundering standards set by the Financial Conduct Authority, according to a senior official.John Glen,…

The ATO said it already knows who is invested in cryptocurrencies and expects cooperation. 1742 Total views 3 Total shares The Australian Tax Office has urged citizens to accurately report any profits made in the process of trading cryptocurrencies like Bitcoin (BTC), as it anticipates tax filings from a pool of 600,000 Aussies who it…

The BOJ governor says Bitcoin is a speculative play while issuing warnings over price volatility. 2522 Total views 6 Total shares Haruhiko Kuroda, governor of the Bank of Japan has joined the roll call of central bankers taking aim at Bitcoin (BTC) amid the current volatility.According to a report by Bloomberg on Friday, Kuroda argued…

Bitcoin (BTC) led the entire cryptocurrency market through a tumultuous period after the majority of the cryptoverse was painted red on May 19, a day now also referred to as “Black Wednesday.” BTC’s price fell below $40,000 for the first time since it blew past the resistance level on Feb. 9 on the back of the…

Multiple efforts to ban Bitcoin couldn’t stop the largest cryptocurrency from becoming a $1-trillion asset earlier this year. 2747 Total views 2 Total shares While Bitcoin (BTC) increasingly falls under the scrutiny of regulators worldwide, Ark Investment founder and CEO Cathie Wood is confident that regulators will be unable to shut down the world’s largest cryptocurrency.Wood…

After some confusion, South Korea's government has laid out which state and regulatory bodies are charged with the oversight of various aspects of crypto-related activities. 3847 Total views 5 Total shares Over the past year or so, the crypto community in South Korea has had to adapt to a suite of new regulations and government…

DOGE’s recent surge in network activity appears to be grinding to a halt. 3136 Total views 8 Total shares After a flurry of activity that saw Dogecoin (DOGE) briefly process a higher dollar value of daily transactions than Bitcoin (BTC) and Ether (ETH) combined, the surge seen on the Dogecoin blockchain appears to be slowing…

Bitcoin's (BTC) quick run-up above $40,000 during the early New York trading session Thursday lost momentum midway as traders decided to secure short-term profits.The benchmark cryptocurrency shed up to 12.08% after topping out at $40,440 on Coinbase. It reached an intraday low of $36,410 ahead of the London opening bell on Friday, showcasing upside resilience…