Crypto Biz: X payment system, Block moves into Bitcoin mining and more

More than $140 billion has exited Bitcoin markets over the past seven days. 582 Total views 9 Total shares As Bitcoin markets begin to form another daily red candle, its market capitalization has dropped back below $1 trillion once again.The third major correction in the current bull market is deepening and prices are already down…

Bitcoin (BTC) headed toward $20,000 as United States equities gained at the Oct. 17 Wall Street open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewStocks climb as U.S. dollar heads lowerData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $19,672 on Bitstamp, up 3.5% versus the weekend’s lows.The pair rose in line with stocks, with the…

The past few years have been a watershed moment for security in crypto. As the asset class has gained popularity, more and more security breaches have been highlighted and more institutions targeted.The burgeoning industry is ripe with opportunity, but also with risk. Two incidents that highlight this lapse in security spring to mind.Back in January…

Chicago-based fintech startup FinTank aims to launch a national self-regulatory organization, or SRO, in the United States.Headed up by former Chicago Board Options Exchange, or CBOE, trader David Carman and partner George Vukotich, FinTank’s SRO “will help regulate the global crypto industry,” Carman told Cointelegraph. As much of the crypto world looks toward the U.S.…

The company aims to increase its compliance workforce by 200 this year, along with another 800 staff in other departments. 

The exchange will allow crypto bankruptcy claims to be traded, according to an official Twitter announcement. 303 Total views 3 Total shares Own this piece of history Collect this article as an NFTA crypto exchange project initially proposed by 3AC and Coinflex has now launched an official website and waitlist as of Feb. 9. Called…

The Autorité de Contrôle Prudentiel et de Résolution concluded its consultation on the regulation of DeFi. 223 Total views 5 Total shares On Oct. 12, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), part of the French Central Bank, published a summary of its public consultation on a regulatory framework for decentralized finance (DeFi).The

The Lithuanian State Tax Inspectorate exchanged Bitcoin, Ether and Monero for 6.4 million euro. 2041 Total views 12 Total shares The Lithuanian government has reportedly sold a batch of cryptocurrency seized by local enforcement agencies.The State Tax Inspectorate, or STI, the country’s tax authority, sold confiscated crypto assets worth 6.4 million euro ($7.6 million) and…

The notorious tax haven appears to be cleaning up its act on AML and counter terrorist financing ahead of an FATF review. 1001 Total views 18 Total shares The Ministry of Financial Services of the Cayman Islands Government announced that it has commenced a regulatory framework for virtual asset service providers, or VASPs.In an Oct.…