Bitcoin miner Argo repays $35M Galaxy bailout loan
The loan saved Argo from bankruptcy during the crypto winter of 2022.
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Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion
The year 2019, for a short while, raised expectations that stablecoins would bring about mass adoption of cryptocurrencies. 2020, however, seems to be dousing those hopes with ever-tightening regulation that is putting pressure on investors and companies alike.The first complication came only 10 days into the year. In early January, the European Union’s landmark Fifth…
Bitcoin ‘kisses’ $24K realized price after 2nd highest seller losses in history
The classic bottom zone reappears on the back of serious sell pressure stoked by mayhem on stablecoin markets. 988 Total views 12 Total shares Bitcoin (BTC) bounced past $28,000 during May 12 after repeating a chart structure not seen since March 2020.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC seller losses spiralData from Cointelegraph Markets Pro…
Major Crypto Exchange Binance to Use Refinitiv KYC Solution in Internal Workflow
Cryptocurrency exchange Binance will use an automated Know Your Customer (KYC) application provided by financial software firm Refinitiv, according to an announcement published Nov. 20.Binance personally confirmed the use of Refinitiv’s software to Cointelegraph.Formerly the Financial & Risk business division of Thomson Reuters, Refinitiv provides markets data and infrastructure, while its portfolio reportedly accounts for…
Venezuela shuts down crypto mining facilities, exchanges amid corruption probe
According to Venezuela's attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department. 597 Total views 36 Total shares Own this piece of history Collect this article as an NFTVenezuela's energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of…
German Private Equity Fund Targets Bitcoin Mining аs Clients Demand ‘Regulated Product’
German alternative investment fund manager Xolaris Service KVAG has launched a private equity fund dedicated to Bitcoin mining, the company confirmed in a press release Nov. 29.Xolaris, which has undertaken various expansion measures including the opening of a Hong Kong office in July, says client demand to access the sector continues despite the downturn in…
New York state ramps up blockchain monitoring to enforce sanctions
Blockchain analytics will help ensure that NY-licensed companies don’t send money to sanctioned Russians. 98 Total views 13 Total shares New York state’s efforts to enforce sanctions against Russia have ramped up a gear with the Department of Financial Services, or DFS, expediting the procurement of additional blockchain analytics technology. According to a statement released…
State-by-state licensing for crypto and payments firms in the US just got much easier
New money transmitter licensing promises to roll 40 states into a single exam and license. An organization of state regulators in the U.S. has announced a new streamlined process for money transmitter licensing that will save crypto firms from getting separate licenses in 40 states.The Sept. 15 announcement from the Conference of State Bank Supervisors…
Back to back all-time highs from AVAX, ENJ and EGLD suggest it’s ‘altseason’
Its been a rollercoaster week in the cryptocurrency market after volatility returned to shake up Bitcoin (BTC) price, pushing the digital asset to lows not seen since mid-October. As has happened frequently in the past, the drop in price of BTC was followed by a rotation into altcoins and the Altseason Indicator from Cointelegraph Markets Pro…