Blockchain 

CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance

For better or for worse, the cryptocurrency space is coming of age. Since Bitcoin’s rise to mainstream prominence in 2015, there has been increasing recognition of digital assets from government agencies around the world. In turn, new regulations are being imposed to control the way cryptocurrency companies operate and do business globally.  Most recently, the Financial Action Task Force issued new guidelines on how digital assets should be regulated. In order to raise awareness around these requirements, the blockchain security company CipherTrace hosted a conference and hackathon this week in…

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Bitcoin 

Binance to Help Ukraine Prepare Cryptocurrency Legislation by End of 2019

Major global crypto exchange Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country. Potential legal status of cryptocurrencies in Ukraine Binance has signed a memorandum of understanding (MoU) with the Ministry of Digital Transformation of Ukraine to jointly work on the legal status of cryptocurrencies in the country, according to a press release shared with Cointelegraph on Nov. 6. According to the announcement, the Ministry, Members of Parliament (MP) and commercial companies are planning to finalize the relevant bills and introduce them to the Ukrainian Parliament,…

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Ethereum 

Altcoins Prepare to Rally in the Shadow of Bitcoin’s Recent 42% Gain

Last week Bitcoin’s (BTC) price action surprised the majority of the market and traders are now looking closely at altcoins to spot similarities that might signal a new altcoin market cycle.  Daily crypto market data. Source: Coin360 As Bitcoin surged, China-based altcoins began to break out of their downtrend and showed some significant increases. For example, altcoins like NEO rallied 101% and Ontology (ONT) quickly gained 128%. Let’s have a look at the altcoin market for an overview.  Altcoin market capitalization breaks the downtrend Total Altcoin Market Capitalization. Source: TradingView…

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Ethereum 

Bitcoin Price Under $11,000 As Analysts Prepare For 40% Price Correction

Bitcoin (BTC) led major cryptocurrencies on a fresh downward spiral July 1 after markets halted support above $12,000. Market visualization courtesy of Coin360 Data from Coin360 shows bitcoin has lost its grip on the $11,000 mark as of press time, trading around $10,950 having gone as low as $10,680. Conditions remain volatile this week, with last week’s peak of $13,800 still unchallenged. Now, attention is turning to a long-term retracement, which one analyst claims could bring BTC/USD down to just $6,600.  Previously, talk was of a lighter correction which would…

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