The Block: Two more crypto firms shutting down over impending EU money-laundering rules

The Block: SEC proposes wider definition of ‘accredited investor’ to expand market access

Wednesday, 18 December 2019 19:01

What defines an “accredited investor?” According to a new announcement from the U.S. Securities and Exchange Commission, the exact standards are on the path to be broadened. The current criteria for the accredited investor status only takes into account a person’s income and net worth. Only those…

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The Block: Bitcoin is ‘winning;’ currency without government is ‘great,’ says Nassim Taleb

Tuesday, 17 December 2019 10:30

Nassim Nicholas Taleb, author of the bestsellers “The Black Swan” and “Fooled By Randomness,” is optimistic about cryptocurrencies. “You cannot ignore the cryptocurrencies, particularly the bitcoin story and blockchain,” Taleb said at Times Networks’ India Economic Conclave on Tuesday. The post Bitcoin is ‘winning;’ currency without government…

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CryptoVibes: Tezos Disregards Bitcoin’s Bear Market And Keeps Rising; Here Is Why

Tuesday, 17 December 2019 11:13

Tezos seems to be the only crypto that is hovering in green among the top 10. The losses that broke into the market on December 16 saw Bitcoin plunge below $7,000 and test the $6,800 support. Ethereum and Ripple also succumbed to the bearish wave heading to…

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CryptoVibes: Two former Barclays Traders in Disagreement Over a Fine in LIBOR Case

Tuesday, 17 December 2019 12:30

Two former Barclays traders were sentenced to a total of nine years imprisonment for their involvement in the fraud. They were accused of conspiracy and plotting with a cartel in the euro swap market. The conspirators, Colin Bermingham and Carlo Palombo will face the wrath of the…

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CryptoVibes: Poland’s Crypto Investors Hit with PCC Taxes on Backdated Transactions

Tuesday, 17 December 2019 14:23

Cryptocurrency assets exist in a regulatory grey area with many regulators unclear on their taxation status. However, the Polish government has adopted a firm stance on taxing digital assets. Their Civil Law Transactions Tax (PCC) will be applicable on crypto coins as well. The tax problem in…

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CryptoVibes: SEC And Tim Leissner Agree to a Settlement Regarding FCPA Violations

Tuesday, 17 December 2019 14:29

The US Securities and Exchange Commission (SEC) today agreed to settle with former Goldman Sachs executive Tim Leissner. The settlement was related to the Foreign Corrupt Practices Act (FCPA). Leissner will be barred permanently from the securities industry as part of the settlement. Charges against Leissner According…

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The Block: State Street ties up with Gemini Trust to examine reporting process of bitcoin and ether

Tuesday, 17 December 2019 14:43

Financial services giant State Street has partnered with cryptocurrency custodian Gemini Trust for a new digital assets trial. Announced Tuesday, State Street – which has over $32 trillion in client assets under custody and nearly $3 trillion in assets under management – said the trial, “the first of…

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CryptoVibes: Venezuelan Bolivar Sets New Record High Trading Volumes on LocalBitcoins

Tuesday, 17 December 2019 15:36

The cryptocurrency markets have encountered widespread volatility in recent months. Analysts together with commentators think that the market will stabilize after regulators implement policies and regulations. They assume that these implementations will minimize the investment risks in the budding market. As the United States dishes out sanctions…

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The Block: Fidelity expands its digital asset services to Europe

Tuesday, 17 December 2019 18:59

Fidelity Digital Assets has formed a new branch in the UK in its bid to expand its business to Europe, the firm announced on Tuesday. The post Fidelity expands its digital asset services to Europe appeared first on The Block.

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