Business

Japanese Financial Watchdog Frowns on Gambling Dapps

[ad_1] Regulators in Japan may be more inclined to approve new virtual currencies for trading if they have greater financial transparency and aren’t involved in gambling Dapps.According to a new report from Xangle Research on Japanese digital asset regulations, the country's financial watchdog, the Financial Services Agency (FSA), specifically says crypto firms may be approved if they do not support decentralized applications (Dapps) with gambling or anonymous features.In particular, Xangle
Business

Why Is Russia’s Crypto Regulation Treading Water?

[ad_1] Russia has long been home to a vibrant crypto retail market, yet the nation’s regulation of digital assets still lags behind. As a spate of stakeholders and disparate regulatory authorities struggles to figure out a coherent policy framework within a bureaucratic system, much of the cryptocurrency industry remains outside the realm of regulated economic activity — to the chagrin of many entrepreneurs.The central piece of crypto legislation — a bill called
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Bitcoin Exploded by 50% When It Printed This Signal in March. It’s Back

[ad_1] Bitcoin’s price action over the past few weeks has been deemed “boring” by most traders. As the chart below shows, the leading cryptocurrency has been caught in a tight consolidation pattern. Since the start of May, Bitcoin has barely deviated from $8,000-10,000. Only twice did the cryptocurrency move out of this range, though those moves saw quick rejections at crucial resistances. Chart of BTC’s price action over the past
Business

LibertyX Allows BTC Purchases in Cash at 7-Eleven, CVS, and Rite Aid

[ad_1] LibertyX, the firm that launched one of the early Bitcoin ATMs, has just made purchasing Bitcoin in cash possible at more than 20,000 retail locations across the United States. In a June 22 announcement on LibertyX’s Twitter account, the crypto ATM service company said customers of retailers including 7-Eleven, CVS Pharmacy, and Rite Aid would be able to buy Bitcoin (BTC) with cash. Users need to have the LibertyX mobile app
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New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator

[ad_1] Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Police said on Monday it is the biggest seizure in the history of the force. Vinnik is accused by U.S. prosecutors of laundering billions
Business

Bitcoin Name and Logo Registered With Spanish Patent and Trademark Office

[ad_1] The Bitcoin name and logo has been trademarked in Spain with the Spanish Patent and Trademark Office. This process was completed by Ignacio Rubio Menéndez, a compliance expert and lawyer specializing in business law. Cointelegraph en Español spoke directly with Menéndez’s client, who is choosing to remain anonymous for now.This person explained: "I now have the logo and the word ‘bitcoin’ registered at the national level in the Spanish
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Bitcoin Hits Massive 1,350 BTC Sell Wall; Here’s Why Buyers Won’t Break It

[ad_1] Bitcoin has seen a tempered upswing over the past several hours that has come about in tandem with a rise in the stock market This upwards movement has done little to alter its underlying technical strength, as it still remains squarely within its long-held trading range This move has also led it up against a massive sell wall on Binance, which may slow the cryptocurrency’s ascent and stop it
BLOCKCHAIN

PayPal is Hiring Crypto Engineers Amid Rumors of Bitcoin Integration

[ad_1] PayPal is hiring crypto and blockchain experts amid rumors that the global payment platform will enable direct cryptocurrency purchases for its 305 million users. The job descriptions they’re hiring for are publicly available on the company’s own job board.The first listing of note is for a job titled “Technical Lead - Crypto Engineer.” The listing describes that this person will be responsible for “new initiatives for PayPal global with
BLOCKCHAIN

Chinese City Issues Post-Pandemic Consumer Vouchers on the Blockchain

[ad_1] In order to reduce the COVID-19 pandemic’s impact on business, Chinese governments at all levels have been coming up with different policies and solutions to help the economy survive. Nanjing, the capital of China eastern Jiangsu province, is one of the first cities in China to leverage blockchain technology and issue so-called “consumption vouchers” on the blockchain as a kind of crypto-driven stimulus package, according to a local news report
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$15m Liquidated as Bitcoin Surges to $9,800 for the First Time in Weeks

[ad_1] After days of consolidation, Bitcoin experienced a crucial breakout over the past few hours. The cryptocurrency just minutes ago tapped $9,800, the highest price it has traded at in over 10 days. With this latest move higher, the cryptocurrency is up approximately 5% in the past 24 hours. This is strong, especially when compared to altcoins — most of which are up 2-3% in that same time frame. Chart