G20 Starts Crypto Discussions – A Look at Global Standards

[ad_1] Finance ministers and central bank governors from the G20 countries have gathered this weekend for a two-day meeting ahead of the G20 summit, and cryptocurrency is among the topics of discussion. Global standard-setting bodies have submitted their policies and provided tools to help the member countries with the regulation of crypto assets in their own jurisdictions. Also read: G20 Countries Start Implementing Unified Crypto Standards Crypto Discussions at G20

Money Laundering and Crypto Discussion

[ad_1] One of the main themes to be discussed at the G-20 Financial Ministers and Central Governors Meeting this weekend has to do with money laundering and cryptocurrency. What kind of agreement would be a surprise? Even for the purpose of introducing Anti-Money Laundering (AML), should we allow our financial privacy to be compromised? Alexander Zaidelson, the CEO of Beam, shared his views with Cointelegraph.A new agreement on crypto and

Top 3 Cryptos, Not Named Bitcoin, Making Waves in June

[ad_1] As bitcoin price continues to hover around $8,000, some cryptocurrencies, namely Litecoin, LEO, and Binance Coin, have somewhat managed to steal the spotlight in recent days and are probably worth keeping an eye on in the short to medium term.  Top 3 Cryptocurrencies: Litecoin (LTC) Litecoin 00 managed to outperform all top 10 cryptocurrencies by means of market capitalization in the past 24 hours. Its price touched $120 which

Observers Mock Fork Called Bitcoin2 That Pumps and Dumps on Two Exchanges

[ad_1] Over the last 48 hours, cryptocurrency enthusiasts have been discussing a Bitcoin snapshot fork called Bitcoin2. The little known coin gained over 5,200% since May 28 on only two exchanges and managed to get listed on as well. Bitcoin2 is believed to be merely a pump and dump scam, much like a great majority of the Bitcoin snapshots airdropped in the past. Also read:’s Local Bitcoin Cash

Bitcoin Price Dips Back Under $8K as Top Cryptos See Moderate Losses

[ad_1] Saturday, June 8 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $7,900 mark.Market visualization courtesy of Coin360Bitcoin is down nearly 3% on the day, trading around $7,870 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down over 8%.Bitcoin 7-day price chart. Source: CoinMarketCapAs Cointelegraph reported yesterday, cryptocurrency investment

Australian Taxation Office (ATO) Set to Investigate Tax Evasion Done Using Crypto

[ad_1] The Australian Taxation Office (ATO) Intends to thoroughly Investigate major tax avoidance schemes using cryptocurrencies. According to a recent report, the Australian Taxation Office (ATO) is working on 12 tax evasion cases which involves the abuse of crypto assets. Will Day, the deputy commissioner of the agency has made it known that at least one of the cases involve a global financial institution which allegedly hid assets and income

Ethereum classic (ETC) Developers Ready For the Testnet Activation of the Network Upgrade— Atlantis

[ad_1] Developers of the Ethereum classic network intend to fast track plans to test a proposed innovation for the blockchain network. Based on a recent report, a meeting which took place amongst Ethereum classic developers resulted in the decision to hasten the rate at which the new network upgrade will be test run. During the meeting, ecosystem stakeholders made known their desire to review the system-wide upgrade known as Atlantis

Weiss Crypto Ratings Downgrades EOS Due to Centralization Concerns

[ad_1] United States-based financial research firm Weiss Ratings announced that it has downgraded its rating of cryptocurrency EOS because of the blockchain’s “serious problems” with centralization. Weiss announced the report in a tweet published on June 7.In the tweet, Weiss Ratings claims that the cryptocurrency in question has severe centralization issues and that “their event last week did anything to alleviate that,” evidently referring to an event hosted by EOS

Crypto Analytics Firm Coin Metrics Acquires Bletchley Indexes

[ad_1] Cryptocurrency analytics company Coin Metrics announced that it has acquired digital asset index firm Bletchley Indexes and plans to launch crypto smart beta indexes. The announcement was made in a blog post published on June 7.Per the announcement, the acquired company will be rebranded to Coin Metrics Bletchley Indexes (CMBI). The newly acquired firm — following the relaunch — “will leverage Coin Metrics’ on-chain and market data expertise to

Life of Luxury: Fashion Turns to Blockchain

[ad_1] Although once confined largely to agriculture, blockchain technology is now making major inroads into the luxury goods supply chain market.Thus, Consensys recently announced a new platform with French multinational luxury goods conglomerate LMVH and the technology behemoth Microsoft to verify the authenticity of luxury goods.Luxury brands trial blockchainAlthough many products in the luxury goods market are renowned status symbols found in expensive city center stores the world over, the