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UK Minister: Most Cryptocurrency Firms Do Not Meet AML Standards

UK Minister: Most Cryptocurrency Firms Do Not Meet AML Standards

Posted by By Vince Saboti May 29, 2021Posted inBitcoin News
UK MP and Secretary for Economic Affairs at the UK Treasury John Glen stated that few cryptocurrency firms comply with AML rules. Local cryptocurrency firms are trying to abide by new anti-money laundering…
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Billionaire Carl Icahn Plans to Invest Over $1 Billion in Crypto

Billionaire Carl Icahn Plans to Invest Over $1 Billion in Crypto

Posted by By Vince Saboti May 28, 2021Posted inBitcoin News
Billionaire Carl Icahn shared his plans to join the crypto market "in a big way", making an investment of more than $ 1 billion, as reported by Bloomberg. Icahn has not yet acquired cryptocurrencies…
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The Bank of Canada Has Not Found "Significant Uses" of CBDCs

The Bank of Canada Has Not Found “Significant Uses” of CBDCs

Posted by By Vince Saboti May 28, 2021Posted inBitcoin News
In the words of Timothy Lane, Deputy Chief of the Bank of Canada, the controller does not see economically viable options for utilizing a potential state digital currency in the country. Timothy Lane,…
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Market Capitalization of USDT Exceeded $60 Billion

Market Capitalization of USDT Exceeded $60 Billion

Posted by By Vince Saboti May 26, 2021Posted inBitcoin News
Tether's stablecoin USDT has capitalized for well over $ 60 billion for the first time ever after releasing around 6 billion new tokens in the past month. Tether CTO Paolo Ardoino noted that…
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Number of Bitcoin Holders Rises to Record High, Data Reveals

Number of Bitcoin Holders Rises to Record High, Data Reveals

Posted by By Vince Saboti May 26, 2021Posted inBitcoin News
The amount of Bitcoin addresses in use has risen to a new high as investors with long-term vision take benefit of the recent price drop to increase their coin piles. The number of…
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Bank of Korea Will Start Testing Government Cryptocurrency in August

Bank of Korea Will Start Testing Government Cryptocurrency in August

Posted by By Vince Saboti May 25, 2021Posted inBitcoin News
South Korea's central bank selects a technology provider to create a pilot platform for a government cryptocurrency. Testing will be conducted between August and December this year. The Bank of Korea is looking for…
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Chinese Internet Cafes Transform into Mining Farms

Chinese Internet Cafes Transform into Mining Farms

Posted by By Vince Saboti May 21, 2021Posted inBitcoin News
Chinese internet cafe vendors are turning their enterprises into crypto mining centres as social distancing measures continue to operate in China. According to The Time Weekly, a huge amount of 24-hour working internet…
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The Best Chess Players Will Compete for $100,000 Worth of Bitcoins

The Best Chess Players Will Compete for $100,000 Worth of Bitcoins

Posted by By Vince Saboti May 21, 2021Posted inBitcoin News
In the forthcoming FTX Crypto Cup online chess tournament, the world's top ten players will battle each other for $100,000 worth of Bitcoin provided by the event sponsor and the FTX cryptocurrency derivatives…
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Digivault Received an FCA License for Storing Crypto Assets

Digivault Received an FCA License for Storing Crypto Assets

Posted by By Vince Saboti May 17, 2021Posted inBitcoin News
The Financial Conduct Authority has authorized Digivault to offer custody services for virtual assets in the UK. Digivault is the blockchain and crypto division of Diginex. The company provides cold storage of digital…
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Samsung Galaxy Smartphones Get an Interface for Crypto Management

Samsung Galaxy Smartphones Get an Interface for Crypto Management

Posted by By Vince Saboti May 16, 2021Posted inBitcoin News
Samsung Electronics revealed that blockchain users can now control and trade crypto assets located on third-party wallets using Samsung Galaxy smartphones. The latest innovation makes it simpler for users to log on to…
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