Israel introduces new anti-money laundering rules

Cryptocurrency News

Israeli regulators are already considering applications from several cryptocurrency companies for licenses under the new AML rules. The new Anti-Money Laundering and Terrorist Financing (AML) guidelines set out provisions for user identification and verification and customer recognition procedures. The regulations list the reporting obligations to the authorities that control the activities of users, including reports on standard work and unplanned events in a cryptocurrency company. The rules are accompanied by instructions for keeping records and…

US Department of Justice sold cryptocurrencies seized from BitConnect to recover losses to investors

Cryptocurrency News

The US Department of Justice and the Prosecutor’s Office of the Southern District of California sold cryptoassets confiscated from the “promoter” of the BitConnect pyramid in the amount of $ 56 million to compensate the victims. The US Department of Justice website states that last Friday, District Judge Todd Robinson granted a petition from the department and the prosecutor’s office to authorize the sale of cryptoassets seized from a BitConnect representative. The proceeds will be…

Circle will launch a stablecoin backed by the Japanese yen

Cryptocurrency News

As part of the Asian expansion, the USDC stablecoin issuer is about to open a venture capital unit focused on the Japanese currency and will launch a corresponding stablecoin. Circle CEO Jeremy Allaire told Bloomberg that the company is creating an investment arm of Circle Ventures. This will allow the VC division to focus on the Japanese yen-denominated stablecoin. Aller said the company sees significant opportunities in Asian markets, where he expects widespread adoption of…

Stuck DOGE Binance Transactions Affected About 1600 Users

Cryptocurrency News

Binance cryptocurrency exchange will resolve the issue of “stuck” due to the bug with DOGE transactions directly with affected customers. The coin withdrawal will be disabled for another two weeks. Last week, November 10, Binance announced difficulties due to which it was forced to suspend the withdrawal of DOGE coins after updating the exchange wallet to version 1.14.5. Some users reported that large amounts of DOGE had disappeared from their balances and even debts appeared.…

Forexsuggest: Bitcoin and Ethereum are the most damaging to the environment

Cryptocurrency News

Forexsuggest has conducted research on the environmental impact of cryptocurrencies. The resource considers bitcoin and ether to be the most “harmful”, and Stellar is the “purest” cryptocurrency. The authors of the report calculated the estimated carbon emissions and the amount of resources that are used to neutralize the impact of CO2 on the environment. The report says the researchers used data from Statista, Business Insider India, Laptop Mag and other sources for analysis. After compilation,…

Taproot successfully activated on the Bitcoin blockchain

Cryptocurrency News

Another major soft fork has been activated on the Bitcoin blockchain, which is aimed at increasing the privacy and reliability of the blockchain in the long term. On Sunday, November 14th at 8:15 am Moscow time, block 709 632, the largest update in the Bitcoin blockchain this year was activated. Taproot is the most important update since the Lightning Network and Segregated Witness (SegWit) updates. The Taproot update aims to improve the privacy and security…

CedarFX - Trade with the First Eco-Conscious Broker

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency News

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Bitcoin suisse added support for Lightning Network

Cryptocurrency News

Bitcoin Suisse adds support for the Lightning Network Swiss cryptocurrency broker Bitcoin Suisse has added support for a second layer Lightning Network solution for making fast and cost-effective payments in bitcoins. Bitcoin Suisse became the first cryptocurrency payment operator in Switzerland to use the Lightning Network, according to a press release from the company. The solution will provide instant transactions with Bitcoin, as well as low fees for Bitcoin Suisse users and the French payment…

Binance suspended DOGE withdrawal due to Dogecoin update

Cryptocurrency News

Binance cryptocurrency exchange has suspended DOGE withdrawal. This may be due to the resumption of stuck transactions after the recent Dogecoin 1.14.5 update. The exchange reported finding problems with the withdrawal of DOGE, but did not specify what they were. Binance is liaising with the Dogecoin team on this matter. However, the Dogecoin 1.14.5 update created serious problems for some users. They complain that Binance initiated the withdrawal of DOGE without their consent, and now…

Robinhood reported about data breach of 7 million users

Cryptocurrency News

The trading platform reported a cyberattack, as a result of which the information on 7 million users of the site was compromised. In a blog post, the company reported that on the evening of November 3, criminals used telephone and social technology to influence a customer support employee and gain access to a customer support system. As a result, hackers stole the email addresses of approximately 5 million users, as well as the full names…