European AML Directive Pushes Crypto Startup Bottle Pay Out of Business

Bottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work under the upcoming EU regulations. AMLD5, the latest update of the EU’s anti-money laundering policy, introduces stringent requirements for crypto businesses. Also read: Almost 70 Crypto Funds Close This Year, Twice as Many Launch Bottle Pay Shuts Down Because of New KYC…

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Microsoft Revives Nonfungible Tokens, Sparks Industry’s Imagination

NFTs are finding applications beyond gaming. Microsoft has been quick to adopt them, but does this mean these tokens are actually becoming popular? Ever since the game CryptoKitties was released in November 2017, the concept of nonfungible token has been ingrained in the minds of developers and investors in the crypto community. However, 2019 has been the year that NFTs have gained mainstream attention. And it should come as no surprise that even huge, multinational companies are currently developing NFT projects. Recently, Mirosoft’s blockchain-based cloud platform, Azure, released its own…

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Bloxroute Releases Blockchain Distribution Network for Ethereum and Bitcoin Cash

On December 3, the crypto software firm Bloxroute’s cofounder, Eyal Markovich, announced the launch of the startup’s Blockchain Distribution Network (BDN) Version 1. Markovich explained that the BDN V1 release is a milestone for the company and the scalability service aims to enable exponential blockchain scaling by propagating blocks and transactions faster. Also Read: 23 Days Until a Bonded Courier Supposedly Delivers Keys to $8 Billion in BTC The Blockchain Distribution Network Version 1 The startup Bloxroute, a firm dedicated to blockchain propagation software, recently revealed the launch of BDN…

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5 Bearish Candlestick Patterns Every Bitcoin Trader Must Know

There are simple bearish Japanese candlestick patterns that every Bitcoin and cryptocurrency trader should know — here are 5 of them. As discussed in a previous article on bullish candlestick patterns, trading using Japanese candlesticks is the most popular method for analyzing price action by crypto traders. There are many patterns worth learning and understanding — some of the most essential bearish patterns are discussed below. It is important to note, once again, that context and candle placement are essential in identifying patterns. The same exact candlestick can be bullish…

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Russia’s Hydra Darknet Marketplace Plans $146M Token Sale

According to regional reports, the Russian darknet market Hydra is planning an initial coin offering (ICO) in order to expand the marketplace internationally. The sale is set to start on December 16 and Hydra administrators hope to raise $146 million from the token sale. Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency Hydra ICO Plans to Raise $146 Million The top darknet market (DNM) famous among Russian speaking users is hosting a token sale in a few days. The Hydra marketplace has been around since…

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Bitcoin Price Diary: Long BTC and Profitable on Many Altcoin Positions

Bitcoin continues to trade sideways, leaving the door open to generate generous profits by trading altcoins. Trading altcoins continues to be one of the most profitable strategies in the crypto market. The highlight of this week was the MATIC (MATIC) pump and subsequent dump, which I was lucky enough to time perfectly, securing a 60% profit near the all-time high. I closed a number of positions in profit, and am still trading EtherParty (FUEL), (IOST), Elrond (ERD), Chainlink (LINK), Zilliqa (ZIL), Verge (XVG) and FunFair (FUN). I failed to take…

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PayPal Sues Consumer Protection Agency for ‘Confusing’ Digital Wallet Rules

Digital payments giant PayPal is suing the Consumer Financial Protection Bureau for making it provide disclosures for fees it does not charge. PayPal is suing the Consumer Financial Protection Bureau (CFPB) for requiring the firm to make “misleading and confusing” disclosures about its fees. The digital payments giant filed a lawsuit against the CFPB on Dec. 11, arguing that the agency has ignored critical differences between digital wallets and prepaid products like prepaid debit cards (GPR). CFPB makes PayPal provide disclosures about fees that it doesn’t charge, the suit says…

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This Week in Bitcoin: $8 Billion BTC Trust and Maximalists Misbehaving

This Week in Bitcoin is your roundup of the prime talking points from across the cryptosphere. From the major news to the minor debates that erupted into huge arguments, we’ve captured the flavor of the frenetic soup that is Bitcoin and all that simmers in it. In this edition, the deadline for the $8 billion Tulip Trust looms closer and bitcoin maximalists are caught behaving badly. Also read: Accused Onecoin Co-Conspirators Fight Criminal Charges in the US Monday: $8 Billion BTC and Post-Fork Fixes On Monday, September 9, we led…

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Monero Compliance Workgroup Says XMR Exempt From Funds Travel Rule

Monero’s compliance workgroup concludes that FinCEN Funds Travel Rule does not apply to underlying assets and cryptocurrencies such as XMR. The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post. What is the Funds Travel Rule? The Funds Travel Rule requires financial institutions who are sending and/or receiving funds to store and transmit certain information about the transfer if it is valued at over $3,000 or…

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US Fed to Print $425B for New Year’s — 3 Times Bitcoin’s Market Cap

A statement confirms the Fed will ease the strain on banks over the new year period by creating more than three times Bitcoin’s market cap in new money. The United States central bank will inject at least $425 billion of nonexistent money into the economy by the middle of next month. In a statement released Dec. 11, the Federal Reserve confirmed it would ramp up so-called repurchase, or “repo,” operations on key dates over the new year period. Fed to “print” 3x Bitcoin market cap in weeks The time of…

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