Crypto

Australian Government Publishes Update on Cryptocurrency and ICO Rules | Bitcoin Magazine

Australian Government Publishes Update on Cryptocurrency and ICO Rules The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs). In this guideline, the financial regulator outlines requirements that need to be followed for cryptocurrency businesses to be compliant with the ASIC Act. This update is noteworthy ...

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Man Sentenced for Illegal Money Transmission Services on LocalBitcoins | Bitcoin Magazine

Man Sentenced for Illegal Money Transmission Services on LocalBitcoins U.S. citizen Morgan Rockcoons has been sentenced to fines and prison time for running unlicensed money exchange services on LocalBitcoins. Advertising himself on the peer-to-peer bitcoin trading network, Rockcoons made more than 1,000 transactions with hundreds of different users. The U.S. Department of Justice (DoJ) pursued him on charges of not ...

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Exploring Illegal Mining Camps in Western China | Bitcoin Magazine

Exploring Illegal Mining Camps in Western China This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous. Now, 70 percent of the world’s bitcoins are produced in China, while 70 percent of China’s “stock” are in Sichuan, a ...

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Chinese Listed Companies and Bitcoin Mining: Partner or Predator? | Bitcoin Magazine

Chinese Listed Companies and Bitcoin Mining: Partner or Predator? This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the ...

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BlockFi Adds Gemini Dollar Stablecoin Support | Bitcoin Magazine

BlockFi Adds Gemini Dollar Stablecoin Support Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin, claiming an expected initial annual percentage yield (APY) of 6.2 percent for non-U.S. customers. Founded in late 2017, BlockFi is a U.S.-based startup company that issues loans backed by various cryptocurrencies to its users. This practice allows users to generate cash ...

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Hyperloop: A New Concept by Lightning Aiming to Solve Liquidity Problems | Bitcoin Magazine

Hyperloop: A New Concept by Lightning Aiming to Solve Liquidity Problems About two months ago, Lightning Labs released Lightning Loop, a service that allows users to fill or empty Lightning channels without closing them, thus reducing on-chain fees. The service, developed by Lightning Labs developers Alex Bosworth and Bryan Vu, was created to help users manage their liquidity. The Loop ...

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Bullish on Bitcoin, Bearish on Trade Relations With Jeffrey Tucker | Bitcoin Magazine

Bullish on Bitcoin, Bearish on Trade Relations With Jeffrey Tucker Dave and Grahm are back with news and price narratives around 2019’s top-performing financial asset. This week’s stories include mainstream media’s Bitcoin FOMO, the real story of Laszlo Hanyecz (the guy behind Bitcoin Pizza Day), Dutch authorities taking down Bestmixer, Tether being partially backed by bitcoin and what Libertarian politician ...

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This Gallery Is Selling Indigenous Australian Art for Bitcoin | Bitcoin Magazine

This Gallery Is Selling Indigenous Australian Art for Bitcoin Things you can buy with bitcoin: AT&T’s services, airfare, pretty much anything using gift cards through Bitrefill, pizza, drugs (duh) and now, Indigenous Australian art. Yes, you read that right. The Indigenous Fine Art Gallery (IFAG) in Australia now accepts bitcoin for its “museum-quality art from Australia’s most collectible Indigenous artists.” ...

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Five Keys to Inner Strength From Five Years in Prison | Bitcoin Magazine

Five Keys to Inner Strength From Five Years in Prison October 1, 2018, marked five years since I was imprisoned. My physical surroundings today are ironically similar to what they were after my arrest back in 2013. I’m in the SHU again (Special Housing Unit, aka “the hole”). It means permanent lockdown, separated from the general prison population, in a ...

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Cryptopia Turns to a U.S. Court for Account Holder Data Protection | Bitcoin Magazine

Cryptopia Turns to a U.S. Court for Account Holder Data Protection In the latest development over its security breach, cryptocurrency exchange Cryptopia has filed for bankruptcy protection in the U.S. The New Zealand-based exchange, which has been dealing with the fallout of a January 2019 hack, went into liquidation and stopped all trading earlier this month. Cryptopia's assigned liquidator, Grant ...

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