Crypto

New York Makes First Money Laundering Conviction Involving Cryptocurrency | Bitcoin Magazine

New York Makes First Money Laundering Conviction Involving Cryptocurrency In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments. According to an official announcement shared by the District Attorney’s office on April ...

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Coinbase Closing Markets Office in Chicago | Bitcoin Magazine

Coinbase Closing Markets Office in Chicago According to a report from Fortune on April 23, 2019, the U.S.-based cryptocurrency exchange Coinbase will shut down its Chicago office. Coinbase will scale back plans for a high-frequency trade matching engine in development there, software that automatically matches trade bids to complete trades at a higher rate. The exchange will also lay off ...

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Report: North Korea May Exploit Southeast Asia’s Crypto Exchanges | Bitcoin Magazine

Report: North Korea May Exploit Southeast Asia’s Crypto Exchanges North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report. The research from the Royal United Services Institute (RUSI) finds that as North Korea continues to circumvent international sanctions, it’s turning its ...

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Out of Testnet and Into Alpha: Lightning Labs’ Desktop Application Is Live | Bitcoin Magazine

Out of Testnet and Into Alpha: Lightning Labs’ Desktop Application Is Live Lightning Labs just released an alpha version of its Lightning Network wallet. The desktop application is now compatible with Bitcoin’s mainnet and it leverages Neutrino (the protocol, not the analytics company acquired by Coinbase) to give users a lightweight option to “control their own funds,” as opposed to ...

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Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases | Bitcoin Magazine

Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards. This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts ...

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Following Expansions, Japanese Regulator Investigates Local Crypto Exchanges | Bitcoin Magazine

Following Expansions, Japanese Regulator Investigates Local Crypto Exchanges Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset ...

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TD Ameritrade, NASDAQ Reportedly Offer BTC and LTC Paper Trades | Bitcoin Magazine

TD Ameritrade, NASDAQ Reportedly Offer BTC and LTC Paper Trades Online investment service TD Ameritrade might be giving its users simulated exposure to bitcoin and litecoin through a new, but not-yet-live, offering on NASDAQ. According to reports on social media, the brokerage platform is offering paper trades for bitcoin and litecoin through NASDAQ. Paper trading is a simulated form of ...

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Is Bitcoin Mining Finally Profitable for Miners in 2019? | Bitcoin Magazine

Is Bitcoin Mining Finally Profitable for Miners in 2019? The recent bitcoin rally has driven bitcoin mining profits. Profits earned from bitcoin mining have seen a clear rise since the start of April 2019 and hit a near half-a-year high on April 15, 2019. Source: BCtrend According to crypto analyst Alex Kruger, the breakeven cost for efficient bitcoin mining operations ...

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Op Ed: We Just Launched the First Cryptocurrency-to-Tax Payment Partnership | Bitcoin Magazine

Op Ed: We Just Launched the First Cryptocurrency-to-Tax Payment Partnership Andrei Poliakov is the CEO and co-founder of Coinberry, one of Canada’s premier digital currency platforms. His company is the first in Canada to partner with a government municipality. I am an engineer by trade. Creating more efficient processes, products and eventually building businesses has been a passion of mine ...

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Mt. Gox Is Automatically Filing Unregistered Creditors for Reimbursement | Bitcoin Magazine

Mt. Gox Is Automatically Filing Unregistered Creditors for Reimbursement If you’re a creditor in Mt. Gox’s civil rehabilitation case, the defunct exchange may have automatically filed and approved a reimbursement claim for you — provided that your Mt. Gox account was verified when it was still operating. According to a Reddit post from user DerEwige on April 22, 2019, Nobuaki ...

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