Month: October 2018

October Volume Report: Weakest Monthly Trading Activity of 2018

October Volume Report: Weakest Monthly Trading Activity of 2018 On the eve of the 10th anniversary of the initial publication of the Bitcoin whitepaper, the cryptocurrency markets recorded their weakest month for trading volume in all of 2018. Most of the leading markets saw a significant decline in trading activity […]

Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business

Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business Bitcoin trader Jacob Burrell-Campos pleaded guilty this week in a U.S. federal court to operating an unlicensed money transmitting business. The 21-year-old San Diego native is now awaiting sentencing and faces a maximum of five years in […]

Kenya’s Bithub Africa Mines Bitcoin Using Solar Power

Kenya’s Bithub Africa Mines Bitcoin Using Solar Power Bithub Africa has started using off-grid solar power to mine bitcoin and ethereum. John Karanja, the founder and chief executive officer of the small Kenyan mining operation, hopes to spread the technology to the rest of the continent while exposing the lie […]

Venezuela Begins Public Sale of National Cryptocurrency Petro

Venezuela Begins Public Sale of National Cryptocurrency Petro The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies. Delegates from […]

The Daily: Nexo to Pay Interest on Stablecoins, Startups Launch Bank Services

The Daily: Nexo to Pay Interest on Stablecoins, Startups Launch Bank Services In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital […]

U.S. Man Faces up to 5 Years in Prison for ‘Unlicensed’ Bitcoin Sales via LocalBitcoins

U.S. Man Faces up to 5 Years in Prison for ‘Unlicensed’ Bitcoin Sales via LocalBitcoins An American man has pled guilty to operating an unlicensed money transmitting business, having sold hundreds of thousands of dollars worth of Bitcoin on LocalBitcoins.com Cointelegraph.com News

Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry Russia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force […]