LocalBitcoins, Once a Go-To for Anonymous Bitcoin Transactions, Adds KYC

The Finland-based, peer-to-peer cryptocurrency trading platform LocalBitcoins released a statement on March 25, 2019, responding to a new act approved by the Finnish Parliament that will require users to verify their identities. This marks a major change for the service, which had been a primary way for users wishing to protect their anonymity to meet others willing to buy or sell bitcoin in person without sharing details about their identities. The Act on Virtual Currency Service Providers was passed alongside an amendment to the country’s existing Act on Detecting and…

Bitcoin (BTC) Volumes 6X Those of Ethereum

Bitcoin price stable below $4,200 Bitcoin market cap share is 52 percent Transaction volumes low but bullish divergence could help lift prices Most crypto exchanges are deliberately inflating volumes according to a follow up analysis by Open Market Cap (OMC). After making their findings public, OMC concludes that Bitcoin trade volumes are up-to 6X those of Ethereum. We expect Bitcoin (BTC) trade volumes to spike once bulls breach $4,500. Bitcoin Price Analysis Fundamentals After Bitwise revelations, Open Market Cap took it upon themselves to re-affirm just “how cryptocurrency volumes are…

Bitcoin Adoption Crippled by Public’s ‘Serious Mental Barrier’

By CCN.com: Bitcoin won’t go mainstream anytime soon because there’s a societal mental block that’s hindering mass adoption. That’s the opinion of Jack Mallers, creator of the Zap Lightning Network wallet. Mallers made the remarks at a recent forum hosted by the MIT Bitcoin Club (video below). Mallers: Bitcoin Skeptics Think It’s Too Risky Mallers believes the reluctance to embrace bitcoin is tied to the negative public perception of crypto more so than technical obstacles. “There’s a serious mental barrier that needs to be broken down as far as people’s…

Fake Volume on Crypto Exchanges Isn’t the Half of It

Daniel Cawrey is CEO of Pactum Capital, a cryptocurrency investment firm focused on market making and liquidity. Formerly a CoinDesk Contributing Editor, he is author of the upcoming “Mastering Blockchain” book to be published by O’Reilly Media. Recently, a report was produced by Bitwise Asset Management showing the existence of faked volumes in the bitcoin market – 95% of total volume according to its research. It’s hard to disagree with many of the facts in the report. Yet there are some items left out in this presentation to the SEC.…

Europol Launches Global Campaign Against Dark Web Vendors, Buyers

The European Union Agency for Law Enforcement Cooperation, better known as Europol, announced on March 26, 2019, that it has made an ongoing partnership with law enforcement from Canada, the United States and the member states of the European Union to target buyers and sellers of illegal items on the dark web. This announcement was made on Europol’s website, describing the progress of the crackdown to date, including 61 arrests made and over €6.2 million ($6.9 million USD) worth of crypto assets, fiat currency and gold seized. Europol began gathering…

The Ripple Drop – Episode 11

 Welcome to Episode 11 of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture. This month we’re focusing on Ripple strategy around the globe, including our company’s expansion, social impact and the latest event in Southeast Asia. First, we chat with Director of Business Operations Jinal Surti about what Ripple is doing to expand its presence locally in critical regions where our customers work. Next, our Head of Social Impact Ken Weber discusses Ripple’s recent partnership with Bay Area…

Innisfil Becomes First City in Canada to Accept Bitcoin for Municipal Taxes

Ohio might have made history as the first state to accept cryptocurrency for corporate taxes, but one Canadian town is adding its name to the books by becoming the first in North America to permit its citizens to pay their personal taxes in bitcoin. The tiny town of Innisfil (with a population of 36,500), situated about 45 minutes north of Toronto, just approved an initiative that will allow its residents to satisfy their municipal taxes (income taxes and property taxes) in bitcoin, beginning in April 2019. Andrei Poliakov, the founder…

Swiss Watchdog Rules Crypto Miner’s ICO ‘Seriously Violated’ Laws

Switzerland’s finance watchdog has found that the cryptocurrency mining firm Envion AG, which raised millions through an initial coin offering (ICO), held the sale illegally and “seriously violated” laws. Announcing the news on Wednesday, the country’s Financial Market Supervisory Authority (FINMA) said that Envion unlawfully received public deposits worth over 90 million francs ($90.33 million) from at least 37,000 investors through its token offering early in 2018. FINMA began investigating Envion in July 2018 for potentially breaking financial market rules. In Wednesday’s statement, the regulator concluded that Envion carried out…

Bitcoin No-Brainer Buy ‘Very Near’ as Transactions Near All-Time High

By CCN.com: Bitcoin transactions surged to a 14-month high on Wednesday, reaching levels not seen since the peak of 2017’s cryptocurrency bull run. #bitcoin transactions reaching ath’s again🚀 pic.twitter.com/YMfQIQir1C — Sakura 桜 (@SakuraXBT) March 28, 2019 It comes as financial ratings firm Weiss said “the best time to invest could be very near,” citing the “remarkable growth in user transaction volume”. In its Annual Outlook for Cryptocurrency Industry, Weiss’ full statement reads: “Despite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of…

Crypto Startup TokenPay Buys Equity Stake in Heidi Klum Lingerie Maker

Cryptocurrency startup TokenPay is getting into the lingerie business. Revealed in a filing Wednesday with the U.S. Securities and Exchange Commission, the Switzerland-based startup has spent $1.3 million for a 6 percent equity stake in Naked Brand Group (NAKD), the Australian lingerie company best known for supermodel Heidi Klum’s signature fashion lines. TokenPay’s Derek Capo told CoinDesk the move is part of the startup’s broader diversification strategy following a December 2017 token sale that netted 2,000 bitcoin, or roughly $20 million. Spending token sale proceeds on equity investments has been a…