Month:February 2019
SiGMA Sets Its Sights on Eastern Regions as Part of its Expansive Ambition
From a Local Beginning to a Global Sensation, SiGMA has morphed significantly over the past years. When they first kicked off in 2014, SiGMA tapped into a unique opportunity within the regional iGaming space. Riding on the wave of their initial triumph, the company broadened its activities in 2015, staging a landmark event and seeing attendance numbers double.
MSFA Establishes Regulations for Trading Platforms and Privacy-centric Coins
The Malta Financial Services Authority (MSFA) has unveiled Chapter 3 of its Virtual Assets Rulebook: these are the guidelines for VFA (Virtual Financial Asset) service providers aspiring to acquire a VFA Services license under Maltese law.
A Surge in Crypto Money Laundering by 10 Times
In 2018, Japan's authorities revealed that incidents of money laundering through cryptocurrencies soared by tenfold compared to the previous year. As reported by Japan's National Police Agency, over 7000 related cases arose in 2018, up from just shy of 700 in 2017.
Crypto Investor Alleges He Was Deceived of $70K via Coinomi, Case Resolved
An investor, Warith Al Mawali, made a revelation on Reddit, detailing his alleged experience of losing $70,000 due to a supposed security vulnerability in Coinomi, which he described as a life-altering incident. As with many such matters, the Coinomi team's perspective provides a contrasting viewpoint.
FXCM Enriches Its Cryptocurrency Portfolio with the Addition of Litecoin
The UK-based trading platform FXCM has integrated Litecoin into its array of offerings, making it the third crypto CFD available, with the trading pair code LTC/USD. Known primarily for its forex services, FXCM ventured further into the crypto sphere, opening avenues for Bitcoin (BTC/USD), Ethereum (ETH/USD), alongside the newly added Litecoin.
Trust Wallet by Binance Introduces ZCoin to Enhance Privacy Pursuits
Following an announcement, Trust Wallet users can now employ ZCoin, enhancing its reputation as a secure multi-currency wallet and decentralized application browser. This move aims to augment user privacy as they manage cryptocurrencies, building on Binance's commitment to maintaining secure and private digital finance experiences.
Crypto Pump & Dump Groups Guide – Part 1
The cryptocurrency landscape is still in its infancy, lacking firm regulations and therefore drawing some dubious actions. There's observed conduct that raises ethical and potentially legal concerns, setting it apart from conventional trading environments. Activities like artificial inflation of trading volumes through wash trading and market manipulation have been documented.
XRP Joins Coinbase Pro's Offerings Amidst Debate
Ripple's XRP is newly integrated into Coinbase Pro, available in trading pairs such as XRP/USD, XRP/EUR, and XRP/BTC, as per an update on the Coinbase blog. However, access is limited to specific regions like the USA (excluding New York), the UK, certain EU members, Canada, and Australia.
Swiss Bank Julius Baer Goes Crypto
Julius Baer, a venerable Swiss banking institution, has formed an alliance with SEBA Crypto AG to offer clients innovative digital asset services, covering storage, transactions, and investments. Julius Baer's social media announcement underscores this collaboration as a pioneering step toward embracing digital finance.
Guide to Filing Cryptocurrency Taxes in the United States
As tax season rolls around, understanding how to account for cryptocurrencies becomes pivotal. Not only are states like Ohio accepting taxes in Bitcoin, but recent legislative changes in places like Wyoming also recognize cryptocurrencies as personal assets. This underscores the need for clear reporting on gains, losses, and digital possession.