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cryptocurrencies

Banks under US pressure to cut ties with cryptocurrency companies

Financial authorities in the United States are pressuring banks to cut their ties with cryptocurrency companies, according to reports. The pressure is largely due to concerns about money laundering and terrorist financing, which it is feared could be facilitated by cryptocurrencies. Some US banks,…

Bank of Germany in negotiations to invest in cryptocurrencies

In an effort to revive its growth, Deutsche Bank has started talks with companies in the crypto sector in Germany. The German bank, through Deutsche Bank's asset management arm DWS Group, is in "negotiations to buy a minority stake in…

Cryptocurrencies

LocalBitcoins will close its operations permanently

LocalBitcoins, a cryptocurrency exchange based in Helsinki, Finland, announced its final closure effective February 17. The company, which was founded in 2012, has been one of the main platforms for buying and selling Bitcoin locally. The…

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Argentina will impose strict rules for cryptocurrency companies

The Argentine National Securities Commission announced that it will implement stricter rules for cryptocurrency companies in the country. The measure seeks to guarantee the protection of investors and prevent illegal practices in the…

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London ranks as the city best prepared for crypto adoption

The capital of England, London, is emerging among the cities best prepared for strengthening and launching cryptographic companies, according to recently analyzed data. The aspects analyzed to reach this conclusion include “eight key…

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Binance launches cryptocurrency taxation tool

Binance, the world's largest cryptocurrency exchange, has launched a tool to help its clients calculate and report their tax liabilities related to digital currency trading activity. The solution, called Binance Tax, is free and can support…

Cryptocurrencies

Researchers identify fake apps in Google and Apple that invite o invest in cryptocurrencies

A group of researchers has identified different applications available through the App Store and Play Store that carry out a social engineering attack by which they encourage their victims to invest in cryptocurrencies. Security-focused…

Cryptocurrencies

Crypto ban in China poses a risk

Huang Yiping, a former member of the People's Bank of China's Monetary Policy Committee, said the current ban on cryptocurrency trading in China could result in long-term missed opportunities for the formal financial system, including…

Cryptocurrencies

South Korea to launch Virtual Currency Tracking System

This year South Korea will implement the Virtual Currency Monitoring System, according to an announcement by the Ministry of Justice of the Asian country, which will have as its main objective to reduce crimes related to the crypto market,…

BlockFi starts selling mining assets

BlockFi, the bankrupt cryptocurrency lender, has begun receiving offers for its mining business assets and expects more before its February 20 deadline. According to BlockFi's lawyer, Francis Petrie, the company wants to get offers as soon…

Cryptocurrencies

Twitter works on a payment system compatible with cryptocurrencies

Twitter is building a payments system that will be compatible with fiat currencies and may accept cryptocurrencies in the future, according to reports in the Financial Times. The company has begun the process of applying for state…

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Supreme Court of Panama decides the future of the local crypto industry

The Supreme Court of Panama is in the eye of the hurricane, as it is tasked with deciding the future of the local crypto industry. The President of Panama, Laurentino Cortizo, sent Bill No. 697, known as the "crypto bill", to the Supreme…

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