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Thriller Crypto

US is About to Crackdown on Entire Bitcoin Industry: Mati Greenspan

The United States government is about to crack down on the entire bitcoin industry, according to Mati Greenspan of eToro. The senior market analyst tweeted on Monday that Treasury Secretary Steven Mnuchin’s remarks on Facebook’s controversial payment project, Libra, is alarming for the entire cryptocurrency…

Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide

Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their…

1H19 Crypto and Blockchain Funding Trends: muted M&A and late stage venture investments

The following funding and M&A data into “Blockchain/Cryptocurrency” industry verticals comes from Pitchbook. Note: Pitchbook includes many broader companies with non-core business lines or strategies that involve “blockchain” or”crypto” businesses within its peer group, some of which include traditional software, IT services, and cyber-security companies.…

US Committee Plans to Ban Facebook Cryptocurrency Libra

The House Financial Services Committee in the United States is set to discuss the future of Facebook’s upcoming cryptocurrency, Libra, on Wednesday. The head of the committee, Democratic Congresswoman Maxine Waters, last week proposed legislation which details rules that would ban Facebook and other technology firms…

Cryptocurrency Scammers Fined $400,000 for Impersonating CFTC

The United States Commodities Futures Trading Commission (CFTC) has received a default judgment from a Texas federal court ruling in favor of the regulator’s case against Diamonds Trading Investment House. The company is accused of operating a fraudulent foreign exchange platform and impersonating the CFTC.

Binance is in talks to establish a local entity in South Korea

Binance, the world’s largest cryptocurrency exchange by trading volume, is in talks to establish a local entity in South Korea, according to sources familiar with the matter. It was reported by local news outlets that Binance was planning to open a local fiat-to-crypto exchange in…

Canada considers developing a regulatory regime for crypto exchanges

The Canadian Securities Administrators (CSA) is considering developing a “tailored and effective” regulatory regime for cryptocurrency trading platforms that are subject to securities or derivatives regulations. The proposal is part of the CSA’s business plan for 2019-2022, which outlines the regulator’s priorities over the next…