EU Tightens Noose Around Bitcoin Price To Protect Ethereum, Internal Document...
Bitcoin is the first mover, and for that reason alone, it will always be the king of cryptocurrencies. Every desperate attempt to kill the most sought-after crypto asset or claims of it being dead only seems to have made the crypto stronger and more resilient than ever. Every successful trader holds BTC. A beginner in […]
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Sunacrip, the Venezuelan cryptocurrency watchdog, has issued a new internal providence that defines the guidelines it will follow in dealing with reports of suspicious activity related to fintech platforms. The document describes that the use of unauthorized platforms might constitute a suspicious activity, which could ostensibly lead to penalties of $15,000 for its customers.
Sunacrip Publishes Internal Providence on Fintech Activities
Sunacrip, the Venezuelan cryptocurrency watchdog, is seeking to have better control of the movements that Venezuelans make using cryptocurrencies....
According to an internal document obtained by Bitcoin Magazine, the Bitcoin Foundation is considering splitting into two separate organizations. Under this proposal, an entirely new entity would be created to fund core development (the Bitcoin Foundation's current focus), while a slimmed-down Foundation would continue as a promotional organization supported by its current membership. This pivot would return the Foundation to its original vision in a bid to ensure its survival. The internal document cites the many challenges that the Foundation has faced, including reputational damage,....
As financial service firms expand their use of the bitcoin block chain for trading and business activity, the Financial Crimes Enforcement Network (FinCEN) isn't missing a beat. FinCEN, an enforcement arm of the U. S. Department of Treasury, has ruled that companies using the bitcoin block chain to transfer precious metals are considered money transmitters and therefore subject to anti-money laundering restrictions. The ruling came in response to a letter from an unnamed company seeking clarification on this point. FinCEN posted the ruling on its website to serve as guidance to financial....
While Bitcoin price has been rather calm as of late, the return of Bitcoin volatility could be around the corner as China introduces new capital controls. China Tightens Grip on Capital. Confirmation is coming out of China that new regulations are being placed on how businesses move capital in and out of the country. Considering the impact of China on Bitcoin, the price could be due for another spike. One source familiar with the matter told Reuters: “The State Administration of Foreign Exchange (SAFE) has begun vetting transfers abroad worth $5 million or more and is stepping up scrutiny....
Ethereum price after nosediving towards the $11.80 level found support and currently attempting to recover in the near term. Key Highlights. ETH price collapsed yesterday against the US Dollar due to a reported EXP attack. There was a crucial bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD, which managed to protect the downside move. The price is now recovering, and may attempt to settle above the 100 hourly simple moving average. Ethereum Price Support. Yesterday, there was a reported attack, which ignited a sharp downside move in Ethereum price. The ETH/USD....