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Coinbase Gets E-Money License In Ireland, Expanding European Foothold

Cryptocurrency exchange Coinbase is expanding its European foothold with its newly received e-money license from the Central Bank of Ireland. Coinbase is expanding its European foothold with an e-money license from the Central Bank of Ireland. “One of just a few companies”On Oct. 11, Zeeshan Feroz, the CEO of the United Kingdom arm of San Francisco-based cryptocurrency exchange Coinbase, announced that the exchange had become “one of just a few companies,” to have received an e-money license in Ireland. Coinbase opened its first office in Dublin, Ireland, in October 2018 to help expand its operations in Europe and as a contingency plan for when the U.K. leaves the EU. The Coinbase U.K. CEO said: “Europe represents a huge opportunity for Coinbase and today’s announcement is another positive step for us in the region. The approval from the Central Bank of Ireland will now enable us to expand our Irish operation and deliver a better product to customers across some of our fastest-growing..

Overstock-Funded Bankorus Has No Money or Staff, Says $1M Shareholder

In an open letter to other investors, Sonic Zhang says Bankorus’ co-founder has revealed that the firm is all but bankrupt. The largest shareholder in Overstock-funded blockchain wealth management startup Bankorus has claimed that the firm has no money left. In a statement issued on Oct. 6, Sonic Zhang said that previous funding deals for Bankorus had fallen through and that all its employees have resigned. Zhang: Bankorus “has run out of cash”As a contributor of more than $1 million to the company, Zhang said that he learned of the problems from its co-founder, Gregory van den Bergh, in July. “Bankorus has run out of cash, because the second round investors pulled their funds,” Zhang wrote. Overstock STO fails to save fortunesPreviously known as MICAI, Bankorus had tried to launch an initial coin offering (ICO) in 2018, just before the market for this funding method crashed. Then, tZero, Overstock’s security token platform, offered investment and a transition to a security token offe..

ECB President: Stablecoins and Crypto Not Suitable Money Substitutes

The President of the European Central Bank does not consider stablecoins and cryptocurrencies suitable money substitutes. Mario Draghi, president of the European Central Bank (ECB) shares his views on stablecoins, the future of crypto assets, and possible digital form of the Euro. Monitoring developments in cryptoOn Sept. 27, in a letter addressed to European parliament member Eva Kaili, ECB president Mario Draghi noted that the European System of Central Banks (ESCB) is closely monitoring developments in the cryptocurrency industry. Draghi added: “The ESCB is analysing crypto-assets and stablecoins with a view to understanding their potential implications for monetary policy, the safety and efficiency of payments and market infrastructures, and the stability of the financial system.” Despite displaying a positive approach towards new technologies, Draghi apparently thinks that stablecoins and cryptocurrency in general are of little value. He said: “Thus far, stablecoins and crypto-as..

Eike Batista Arrested on Suspicion of Money Laundering Via Bitcoin

Former richest man in Brazil has been arrested on suspicion of money laundering through Bitcoin trading in his wife’s name. Wealthy businessman Eike Batista has been arrested by federal police on account of suspected money laundering, which they believe he achieved by trading Bitcoin (BTC) on his wife’s behalf. The details of Batista’s arrest were reported by Cointelegraph Brasil on Aug. 8. Prosecutors reportedly found notes indicating that he had traded BTC for his wife, who is not currently being investigated. The Federal Prosecutor wrote: "Although the suspect’s wife, Mrs. Flávia, is not being investigated, it is quite possible, given the evidence of such a usual means of money laundering that the suspect was using the wife's name and account to ensure concealment of the products or proceeds of crime.” Batista was reportedly arrested in the course of Operation Midas Secret, which was apparently backed by the TAG Bank owner Eduardo Plass. Fernando Martins, Batista’s attorney, a..

Bitcoin Safe Haven Sucking in Money From China, Says Blockchain Executive

Investors looking for an escape from yuan devaluation are flocking to Bitcoin as well as traditional fallbacks, says Chris Reinertsen. Bitcoin (BTC) really does function as a safe haven asset in 2019, another source has told mainstream media as the United States-China trade war rages. Bitcoin increasingly important amid economic uncertaintySpeaking to Forbes in an interview on Aug. 8, Chris Reinertsen, chief marketing officer of blockchain consultancy Rhythm Technologies, said investors were pouring into Bitcoin in addition to traditional safe haven assets. “There is a flight of capital to safe-haven assets across the board, which now includes Bitcoin,” he told the publication. He added: “Throughout the last few years, we have been seeing the trend of Bitcoin increasingly becoming fundamentally correlated to more macro moves as increased economic uncertainty in the world increases.” Bitcoin as a hedge against inflationAs Cointelegraph reported, Reinertsen is far from alone in his hyp..

Canadian Bitcoin Educator Outwits Scammer, Donates Money to Charity

Calgary-based Bitcoin educator Ben Perrin has scammed a crypto scammer and subsequently donated the money to charity. A Canadian Bitcoin (BTC) educator has scammed a crypto scammer and subsequently donated the money to charity. As the Canadian Broadcasting Corporation reported on Aug. 7, Ben Perrin — a YouTuber who runs an education channel about cryptocurrencies and a marketing director at a Bitcoin exchange — received a scam message offering an investment scheme that would supposedly double his Bitcoin investment every 24 hours. Perrin told CBC News: "I've come across a lot of these people before, they make ridiculous claims. In this case, every 24 hours, they guaranteed me a doubling of my Bitcoin, and said that if I would just send them some Bitcoin I could start seeing returns." Perrin decided to outfox the swindler by pretending to be a newcomer to Bitcoin, not understanding what was happening. He faked a Bitcoin wallet statement and said that he had already received a bett..

Elliptic Launches Data Set to Identify Crypto Money Laundering

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set geared toward identifying cryptocurrency transactions associated with money laundering. Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, geared toward identifying cryptocurrency transactions associated with money laundering (AML). The development was announced in a press release shared with Cointelegraph on Aug. 2. Making the crypto world more transparentHaving developed a data set of 200,000 Bitcoin (BTC) transactions with a total value of $6 billion, Elliptic claims it to be the largest set of labeled transaction data publicly available in any digital currency in the world. According to the announcement, the product is designed to help users more efficiently identify illicit transactions, as well as transactions associated with money laundering, sanctions violations or terrorist financing (CFT). At the same time, the product should reduce compliance costs and eventually elimin..

ECB Money Printing Is ‘Rocket Fuel’ for Bitcoin Price, Says Pompliano

Morgan Creek Digital Assets co-founder Anthony Pompliano says the European Central Bank’s expected dovish turn will be “rocket fuel” for Bitcoin price. Morgan Creek Digital Assets co-founder Anthony Pompliano says the European Central Bank (ECB)’s expected dovish turn will be “rocket fuel” for Bitcoin. In a tweet posted on July 26, Pompliano commented on a fresh Bloomberg article investigating the ECB’s imminent policy moves — potentially including interest-rate cuts and renewed quantitative easing — designed to boost a faltering Eurozone economy. He said: “ROCKET FUEL: They’re going to cut rates and print money right as we march towards the Bitcoin halving. Buckle up. This will be wild 🚀” Pompliano had notably recently cited bitcoin’s halving — the reduction of mining rewards in half in May 2020 — as being one of the largest drivers of Bitcoin’s predicted price appreciation. His forecast is that the coin will hit $100,000 by the end of 2021. Bloomberg’s article cited ECB President M..

Tron Price Plunges as Justin Sun Denies Money Laundering Accusations

Tron founder and CEO Justin Sun denies illegal fundraising, porn transaction facilitation, gambling and money laundering accusations. Tron founder and CEO Justin Sun denied illegal fundraising, porn transaction facilitation, gambling and money laundering accusations in a post on Chinese social media platform Weibo published on July 23. Chinese media accuses Tron founder of money launderingEarlier today, Chinese media 21st Century Business Herald claimed in an article that unspecified sources informed its reporters that Justin Sun is still on Chinese territory. The website also cites concerns over alleged pornography-related transactions in his Peiwo social media, fundraising and gambling. The outlet further suggests that Sun cannot leave the country, and this is the real reason why Sun decided earlier today to postpone the Warren Buffett Lunch and press conferences to an unspecified date. The outlet rhetorically asks whether Sun will be able to meet Buffett without first resolving the..

Are Cryptocurrencies A Threat To Fiat Money? What Does the Statement...

Cryptocurrency news today – 2019 has seen the rise of bitcoin at an exponential rate. At the beginning of the year, it was under $3,000. By June, it had more than tripled — reaching a close to about $14,000. In the early stages of 2019, it was altcoin that performed strongly in the crypto market during the period dubbed as “altseason”. Altcoin’s performance seems to be on a gradual decrease when compared to other cryptocurrencies ever since Bitcoin started its resurgence on “April Fool’s day rally”. The debate on everyone’s lips is whether the Altcoin market will also feel the price gains observed in Bitcoin during this bullish cycle that is still extant. Some say Bitcoin cycles will continue to increase while Altcoin will suffer a gradual decrease while others say Altcoin will bounce back when Bitcoin begins to experience bullish fatigue. Cryptocurrency Latest Update – Bitcoin News Today – Cryptocurrencies Are Part Of A Global Currency War In cryptocurrency latest updates, Chiliz, a ..
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