FinCEN Says It Now Receives 1,500 Crypto Complaints a Month

The bullish buzz returned to the crypto market last week as bitcoin (BTC), the leading cryptocurrency by market value, jumped more than 15% in its best performance since March. Now a significant event looms on the horizon.On Friday at 08:00 UTC some 150,633 bitcoin options contracts worth $4.57 billion and 1.23 million ether contracts valued…

feature When bitcoin advocates claim adoption is surging in developing countries, particularly during periods of political unrest or economic turmoil, their go-to source for evidence is often LocalBitcoins. The peer-to-peer exchange, which matches buyers and sellers of the largest cryptocurrency in nearly 250 countries, publishes weekly volume data for each nation and region where it…

Western Union was downgraded to neutral from buy at investment bank BTIG, which says the company’s money transfer platform may face pressure from free alternatives including Facebook’s new digital remittance app, Novi.BTIG analyst Mark Palmer also sees competition from Strike’s service, which leverages the Lightning Network on the Bitcoin blockchain for free remittances. Jack Mallers’…

news QuadrigaCX, the Canadian crypto exchange that collapsed after the death of its CEO and founder late last year, has just $21 million in assets, but owes creditors $160 million, its court-appointed monitor and trustee said. The latest report by Ernst and Young (EY), which is dated May 1 but appears to have been published in…

Jul 15, 2020 at 16:00 UTCUpdated Jul 15, 2020 at 16:09 UTCJim Harper wants to stop the IRS from engaging in what he calls unlawful records seizures. (Nikhilesh De/CoinDesk)A former Coinbase user who last August received the now-infamous Internal Revenue Service (IRS) crypto letter is suing to block the tax agency from unlawfully seizing private…

Bitcoin maximalists like Max Keiser have spread rumors of a $500 billion BTC purchase by Qatar, which would be larger than the sovereign fund's current holdings. The Qatar Investment Authority has denied investing. But, with BTC increasingly accepted on Wall Street, sovereign funds may add digital assets to their portfolios soon. In recent days, rumors

Aug 11, 2020 at 19:55 UTCUpdated Aug 11, 2020 at 20:30 UTCHow Much Ether Is Out There? Ethereum Developers Create New Scripts for Self-VerificationEthereum and Bitcoin advocates have engaged in spirited Twitter exchange since Friday to answer an ostensibly simple question: What’s the total supply of ether? It’s not quite clear where the question originated.…

May 14, 2020 at 18:01 UTCUpdated May 14, 2020 at 18:26 UTCInfrastructure provider Copper claims its new trading tool solves an obstacle preventing institutional investors from trading more freely in the cryptocurrency space by letting two parties hold on to their assets until just before executing a trade.The London-based firm said Thursday that ClearLoop –…

Crypto is on the verge of spawning a new investable asset class globally. And then it will slowly change how just about everything on the internet works.With the birth of a new asset class will come new business model analysis. New KPIs, metrics, and benchmarks as valuation criteria. New reporting and audit structures. New data