Finma: Crypto Startups Can Handle up to $100M of Deposits in Switzerland

Crypto-asset companies can now apply for licenses to handle as much as 100 million Swiss francs ($100 million) in public deposits under new regulations published on Dec. 3 by Switzerland’s Financial Market Supervisory Authority (Finma). The development underscores the European country’s efforts to promote technological innovation, as in the past only commercial banks were allowed to receive such large deposits. Also read: Australia’s Financial Regulator Grants License to Bitcoin Exchange Coinzoom Companies Cannot Reinvest or Pay Interest on Deposits There is a catch, however. Blockchain and cryptocurrency-related businesses that are granted the fintech…

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Argo Blockchain Sees 146% Increase in Crypto Mining Package Sales

A shattered crypto market has not deterred miners from purchasing crypto mining software packages, revealed Argo Blockchain. The U.K.-based Mining-as-a-Service (MaaS) firm noted a 146% jump in its sales between October 1 and December 4 after selling a new batch of packages. It led the company to beat its January 2019 sales targets ahead of time and by a notable margin. As of now, Argo expects to note an annual revenue of $6.2 million, up from $0.26 million when it listed on the London Stock Exchange. Meanwhile, the firm stated…

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The Daily: 29% of Freelancers Want to be Paid in Crypto, Asian Exchanges Fake Volume

Today’s edition of The Daily covers everything from hardware wallets to fake volume on cryptocurrency exchanges. But to kick-start proceedings, we’ve got the first report on a survey in which a surprising proportion of freelancers express an interest in being paid in cryptocurrency. Also read: Swiss Crypto Valley Association Leadership Steps Down After Governance Review US Freelancers Express Interest in Crypto Payments P2P platform Humans.net has commissioned a survey into the payment preferences of American freelancers. It quizzed 1,100 U.S. citizens to determine their amenability to being paid in bitcoin or other…

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An In-depth Review of the New SuchApp Messaging App

SuchApp has launched and with that comes the next generation of a multi-functioning messaging app which will open doors to targeted communication with individuals and groups. There is unlimited potential in business growth and advertising as well as interactive campaigns and communication with a broad audience. Join A Group There is a growing list of groups being developed by leaders and influencers who see the potential for targeted growth in their sectors. Retail and Commercial business owners want to be where the people are, and SuchApp has diverse functionality to…

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Australia’s Financial Regulator Grants License to Bitcoin Exchange Coinzoom

Exchanges Coinzoom Australia said Dec. 3 that it has been officially registered as a digital currency exchange with financial watchdog Austrac. The registration allows the exchange to operate legally according to Australian law. It will also function as a fiat-to-crypto exchange, with support for a variety of digital assets, including the buying and selling of BTC, BCH and XRP. Also read: Report: Bitcoin Mining Doesn’t Fuel Climate Change, it Benefits the Global Economy Complying With KYC/AML Requirements “Being fully registered … is an important step in our goal to provide globally…

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Korean Incoming Minister Confirms Cryptocurrency Taxation Plans

South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish domestic cryptocurrency tax rules. Also read: SEC Fails to Show Court Blockvest Tokens Are Securities Korean Crypto Taxation Plans The South Korean government is “planning to tax cryptocurrencies and initial coin offerings [ICOs],” The Korea Times reported on Monday, citing a written statement by the country’s incoming finance minister,…

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Bitcoin Cash Price Analysis: BCH/USD Could Extend Losses Below $150

Key Points Bitcoin cash price broke the $170 and $165 support levels plus extended losses against the US Dollar. There is a major bearish trend line formed with resistance near $168 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently under a lot of pressure and it could decline further below $150. Bitcoin cash price faced an increased selling pressure below $175 against the US Dollar. BCH/USD could even break the $150 support level and trade towards $130. Bitcoin Cash Price Analysis After…

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US Law Enforcement Wants Blockchain Surveillance Tools for Privacy Coins

The U.S. Department of Homeland Security (DHS) has published its 2019 fiscal year pre-solicitation document. Throughout the 27-page letter, the organization explains that it wants to dedicate resources toward creating blockchain forensic applications that can analyze privacy-centric digital asset movements. Prior efforts have addressed bitcoin analytics and now the agency wants surveillance tools for cryptocurrencies like monero and zcash. Also read: New Software Copernicus Has Mined Its First Bitcoin Cash Block DHS: ‘US Law Enforcement Agencies Need Blockchain Forensic Tools for Privacy Coins’    The DHS has submitted a proposal for…

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