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Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week
A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards. 1825 Total views 2 Total shares A report published by Arcane Research has revealed that nearly half of Paxful’s trade volume comes from trade between Bitcoin (BTC) and gift cards.The report found that, “purchasing…

SEC chief accountant warns accountants about liabilities when auditing crypto firms
Paul Munter says making or allowing misleading statements can have serious consequences for accounting forms and individual accountants. 122 Total views 2 Total shares Paul Munter, chief accountant of the United States Securities Exchange Commission (SEC), has released a statement warning accounting firms of their obligations to the agency when working with crypto firms. Allowing…

Four Crypto Exchanges Face Stricter Regulation in South Korea: Report
Four South Korean cryptocurrency exchanges are reportedly facing stricter regulation as they aim to renew their banking accounts. As local industry media TheBchain reports on July 29, the new requirements come after the Financial Action Task Force (FATF) released recommendations on virtual currency regulations.Per the report, South Korean cryptocurrency exchanges Bithumb, Upbit, Coinone and Korbit…

Bermuda Financial Regulator Releases Draft Regulation for Crypto Custodial Services
Bermuda’s financial regulator has released draft regulation for crypto custodial services, according to an official press release issued on Tuesday, Dec. 18.The Bermuda Monetary Authority’s (BMA) draft regulatory document, entitled “Digital Asset Custody Code of Practice,” seeks to clarify the regulator’s stance on crypto custodial services in Bermuda and to protect clients’ assets.The document provides…

No, Hamster Kombat is not illegal in Uzbekistan
Uzbekistan authorities have not banned the Hamster Kombat game but warned against possible risks of withdrawing its tokens in the future.

Cryptocurrency Mining Firm Argo Blockchain Increases its Hashrate
Cryptocurrency mining firm Argo Blockchain is reportedly increasing its hashrate as the company’s stock price soars.An aggressively expanding mining firmUnited Kingdom-based business news outlet ProactiveInvestors reported on Aug. 27 that crypto mining company Argo Blockchain is expanding its mining capabilities after its stock price registered a sharp increase in the past months. Per the report,…

3 reasons why Theta price hit a new all-time high at $3.49
The sustained bullish performance from Bitcoin (BTC) and Ether (ETH) has increased the confidence of crypto investors and many are now looking deeper into projects that have strong fundamentals and offer real-world use cases. This week investors turned their attention to Theta (THETA), a decentralized network that allows users to share bandwidth and computing resources in…

Bitcoin price sets October high with $20K in reach as US stocks rally
Bitcoin (BTC) climbed to new October highs at the Oct. 3 Wall Street open as Credit Suisse concerns heightened. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders close in on rangebound BTCData from Cointelegraph Markets Pro and TradingView showed BTC/USD taking aim at $19,500 after starting the month flat.The largest cryptocurrency reacted positively to lower than expected…