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Regulation

EU to Tighten Rules on Cryptoasset Transfers

“Companies that transfer bitcoin or other cryptoassets must collect details of senders and recipients to help authorities crack down on dirty money, EU policymakers proposed on Tuesday in the latest efforts to tighten regulation of the sector. The law proposed by the European Commission, the EU executive, would apply what is known as the travel […]
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Systems

UK Police Seize Record Haul of Cryptocurrency in London

“The Metropolitan Police — the force that oversees the Greater London region — said Tuesday it was the largest amount of cryptocurrency ever seized by police in the U.K., adding it was also believed to be one of the largest ever seizures of cryptocurrency globally.   The cryptocurrency was discovered on Saturday after the Met’s […]
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Systems

Cryptocurrency Trading Volumes Slump 40% in June, Data Shows

“Trading volumes at major cryptocurrency exchanges fell by more than 40% in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors depressing activity. Spot trading volumes fell 42.7% to $2.7 trillion, with derivative volumes down 40.7% to $3.2 trillion, London-based researcher CryptoCompare’s data showed.”
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Systems

Binance Froze When Bitcoin Crashed. Now Users Want Their Money Back.

“Binance, the world’s largest cryptocurrency exchange, froze for over an hour just as the price of bitcoin and other cryptocurrencies plunged. Mr. Singhal and others, who had made leveraged bets on their rise, were locked out. As losses steepened, the exchange seized their margin collateral and liquidated their holdings . Mr. Singhal said he lost […]
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Systems

UK Bank Barclays Blocks Payments to Binance – CoinDesk

“U.K. bank Barclays said Monday it is blocking customers from using their debit and credit cards to make payments to crypto exchange Binance… The decision follows shortly after the U.K. Financial Conduct Authority (FCA) announced that Binance was not allowed to conduct any regulated activities in the country.”
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Systems

Traders lend out cryptocurrencies in quest for huge returns

“Traders are garnering juicy returns by lending out cryptocurrencies as the fast-growing field of decentralised finance throws up new but highly risky opportunities to make money. The number of consumer-oriented platforms offering yields on crypto balances has grown rapidly, with annual interest rates ranging about 7 to 12 per cent for various coins such as […]

On The Wires

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Systems

Mastercard Creates Simplified Payments Card Offering for Cryptocurrency Companies

“Mastercard announced today it will enhance its card program for cryptocurrency wallets and exchanges, making it simpler for partners to convert cryptocurrency to traditional fiat currency. Working with Evolve Bank & Trust and Paxos Trust Company , the leading blockchain infrastructure and regulated stablecoin issuance platform, and Circle, a global financial technology firm and the […]
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Systems

RocketFuel Introduces Industry-First “Price Settlement Guarantee” to Protect Merchants From Crypto Volatility

“RocketFuel (OTC: RKFL) (“RocketFuel” or the “Company”), a global provider of crypto payment solutions, today announced what it believes to be the industry’s first “Price Settlement Guarantee,” which allows merchants to always receive deposits equal to the listed price of goods sold without ever being affected by crypto-to-fiat exchange rate fluctuations. With RocketFuel, merchants can […]