Of Street Marches and Market Manipulators, May 30–June 5

2020-06-05

Cointelegraph’s weekly newsletter on the latest in law, policy and regulation for the crypto and fintech industry.  Editor’s note A lockdown spring is giving way to a protest summer in the U.S., and this will be an especially U.S.-focused edition of Law Decoded. Washington’s focus has shifted from the novelRead More →

India’s Crypto Trading Volume Soars Amid Economic Crisis

2020-06-05

Despite the economic crisis, cryptocurrency trading platforms in India are reporting record-breaking volumes and new users. “People in India are betting big on bitcoin,” Paxful’s CEO said. “The Indian market holds great potential and importance for the future of the crypto-economy.” Record-Breaking Growth Across the Indian Crypto Industry Cryptocurrency tradingRead More →

Could Bitcoin Trading Volume Really 100X in Four Years?

2020-06-05

In its latest report cryptocurrency data provider Coin Metrics predicted that Bitcoin’s daily volume could eclipse that of the U.S. equity market, if growth rates are maintained. But how likely is it really? The report cites Bitcoin as an asset class with incredible growth potential due its low trading volume comparedRead More →

USD Still King as BTC and CBDCs Mount Challenge

2020-06-04

The global monetary system has been centered around the United States dollar since at least the end of World War II when the 1944 Bretton Woods Agreement formalized the greenback’s ascent to unchallenged dominance. Control over the world’s reserve currency came hand in hand with a boost to the nation’sRead More →

Craig Wright Refutes Tulip Trust Fabrication

2020-06-04

Craig Wright maintains that he alone has access to the ‘Satoshi’ Bitcoin addresses filed in court, despite a message apparently signed by 145 of the addresses calling him “a liar and a fraud”. Wright says anyone that thinks his credibility is now in tatters as a result “doesn’t understand digitalRead More →

US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines

2020-06-03

Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers. Jeffries urged “the need for more uniform regulatoryRead More →

VanEck’s MVIS and CryptoCompare Launch Bitcoin Benchmark Rate

2020-06-03

VanEck company MVIS and cryptocurrency data provider CryptoCompare are launching an hourly Bitcoin (BTC) Benchmark Rate, which has been developed in close cooperation with cryptocurrency bank SEBA. In an announcement on June 3, MVIS outlined that the new rate aggregates BTC transaction prices on the top five trading venues includedRead More →

Bitcoin ATMs Face Tighter Regulations Over Money Laundering

2020-06-02

Experts predict that Bitcoin ATMs (BATMs) will face stricter regulations worldwide, with countries including Canada and Germany already moving to tighten up anti-money laundering requirements. A June 2 report from CipherTrace estimates that 74% of transactions made from U.S.-based Bitcoin ATMs were sent out of the country during 2019. TheRead More →

Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies

2020-06-02

Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies. Travel Demand Returning Despite Covid-19 Travala.com, a website where travelersRead More →