The Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of the Treasury, has imposed its first-ever penalty on a peer-to-peer crypto exchange for violating AML regulations, among other violations.
FinCEN announced the penalty on its website on April 18, 2019, declaring that it had levied a civil money penalty against bitcoin trader Eric Powers for “[failing] to register as a money services business (MSB), [having] no written policies or procedures for ensuring compliance with the BSA [Bank Secrecy Act], and [failing] to report suspicious transactions and currency transactions.
Gibraltar Blockchain Exchange (GBX) has appointed in-house Head of Business Development Kurt Looyens, as its new CEO.
Looyens formerly held the position of Country Executive at ABN AMRO Bank in Spain, and he will be taking over from Nick Cowan, as the latter transitions into his role as CEO of the Gibraltar Stock Exchange (GSX) Group.
The move is one that is coming at a crucial time for the regulated token sale platform and digital asset exchange, as its digital asset platform is on the verge of listing new tokens.
Crypto exchange platform Coinbase has announced that it will be expanding its crypto-to-crypto trading service to more countries.
In the announcement, Coinbase explains that cryptocurrencies are in a transition period, which will see them move from being investment options to utilities. According to the exchange, the enablement of crypto-to-crypto conversions will serve as “the backbone of this new decentralized economy.
U.S.-based cryptocurrency exchange Kraken has delisted Bitcoin SV (BSV), per an official announcement on its blog.
In the announcement, the exchange noted that the digital asset had exhibited behavior opposite to its standards and those of the wider crypto community.
“Over the last few months, the team behind Bitcoin SV have engaged in behaviour completely antithetical to everything we at Kraken and the wider crypto community stands for,” the post reads.
Per an official announcement, the cryptocurrency exchange Gemini Trust has confirmed full integration of Segregated Witness (SegWit) addresses to its wallet infrastructure. Gemini hopes its users will benefit from improved processing times and lower bitcoin withdrawal fees.
The cryptocurrency exchange Binance is officially removing Bitcoin SV (BSV) from its trading options, according to a company blog post.
The delisting comes after Binance CEO Changpeng Zhao (aka CZ) threatened to delist the Bitcoin Cash fork coin in response to Craig S.
Bitcoin trader Jacob Burrell Campos was sentenced on April 8, 2019, to serve a two-year prison sentence and to forfeit more than $800,000 “for operating an unlicensed money transmitting business.”
The U.S. Department of Justice (DOJ) announced the conclusion of this case on its official website, claiming that Campos had already been in custody without bail for eight months prior to this verdict.
Bittrex, a United States–based cryptocurrency exchange platform, has issued a response to the recent setback in its plans to expand to New York.
Yesterday, the New York State Department of Financial Services (NYDFS) rejected the exchange's BitLicense application, a requirement for offering crypto-based services to New Yorkers.
NYDFS also published a letter addressed to Bittrex CEO Bill Shihara, where it cited inadequate Anti-Money Laundering (AML), Know-Your-Customer (KYC) and Office of Foreign Assets Control (OFAC) standards as reasons for its denial.
Bitfinex is now open to every trader as the Hong Kong-based cryptocurrency exchange has removed its $10,000 minimum balance rule.
Citing a rising demand from retail traders who couldn't trade on the platform due to the requirement, Bitfinex CEO Jean-Louis van der Velde said the platform is now ready for a “new wave of customer accounts,” according to a company Medium post.
It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million.
On April 8, 2019, the case reached a critical fork in the road as a court, recognizing that attempts to restructure the exchange have failed, appointed business services firm Ernst & Young as the exchange’s Trustee in Bankruptcy to watch over bankruptcy proceedings.
The China-based crypto exchange giant Binance has announced that it will launch Binance Singapore this month, a fiat-to-crypto exchange with support for the Singaporean Dollar (SGD).
Binance offered few details in the Twitter announcement except for the explicit confirmation that the exchange will be operational within a matter of weeks.
In an official blog post published on April 4, 2019, the Viennese cryptocurrency brokerage platform Bitpanda confirmed that it has received a license to operate as a payment service provider in Austria.
Specifically, Bitpanda received the Payment Services Directive 2 (PSD2) license, an order that provides oversight into the operation of service providers in both the European Economic Area (EEA) and the European Union.
QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order.
The Tokyo-based cryptocurrency exchange Coincheck has launched a Bitcoin over-the-counter (OTC) trading service for its users, per a post published on its official blog.
The platform’s OTC trading desk will serve the needs of large-scale and institutional investors that want to trade large volumes of digital assets. Trading starts from 50 BTC (worth about $207,900 USD at press time) via Coincheck’s web interface.
Malta-based cryptocurrency exchange Zebpay now supports Lightning payments. The exchange announced the news via a blog post, where it claims to be the "first major exchange" to enable Lightning payments for its users.
Per the report, Zebpay users can now login into their wallet and use their bitcoin balances to make micro-purchases for free.
The Singapore-based cryptocurrency exchange DragonEx has announced a security breach to its users via its official Telegram channel. In the message, a company administrator revealed that the hackers stole assets belonging to both the exchange and its users.
Per the message from the admin, the attack occurred on March 24, 2019, and the exchange then decided to take its servers offline under the pretense of “system maintenance/upgrade.
Luís Augusto Schiavon Ramos, known as Guto Schiavon, the founder of one of Brazil’s largest bitcoin exchanges, was killed in a car accident in Sao Paulo.
A report by local Brazilian news outlet revealed that the accident happened after Schiavon lost control of his vehicle in the rain, before hitting a cargo truck.
Want to convert your altcoins to bitcoins this Christmas? Coinbase has launched Coinbase Convert, a new feature that allows retail users to make direct crypto-to-crypto conversions on the exchange.
Quick Crypto Conversions
The new feature, which was announced on December 17, 2018, will allow customers to sell one cryptocurrency to buy another, saving traders both time and multiple fees.
Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT).
According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.
Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt. Gox.
According to a local Japanese news outlet, Karpeles is under indictment for embezzling 341 million yen ($3 million USD) of customer funds into his own personal account.
Malta-based cryptocurrency exchange Binance has added TrustToken’s TrueUSD (TUSD) as a base currency, expanding the stablecoin’s available trading pairs.
Adding to TUSD’s original BTC pair, Binance will add the following trading pairs: BNB/TUSD, ETH/TUSD, XRP/TUSD, EOS/TUSD and XLM/TUSD. The pairs, however, have not been integrated yet, and representatives from TrustToken told Bitcoin Magazine that more information regarding the integration will be revealed in a forthcoming blog post.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...