Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws

Spanish law enforcement pointed out that Bitcoin (BTC) automated teller machines (ATMs) show a gap in European Union’s Anti-Money Laundering (AML) regulations, Bloomberg reports on July 11. Per the report, Spanish police uncovered a local gang that used Bitcoin ATMs to transfer more than 9 million euros ($10 million) for drug traffickers in Colombia and other countries. Bloomberg cites anonymous representatives…

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Local Cryptocurrency May Come to South Korea

The second most populated city in South Korea, Busan, may launch a local cryptocurrency. This information comes from ETnews, a publication on Korean tech news. Busan city officials are working in conjunction with BNK Busan Bank, which is part of BNK Financial Group. The goal is to develop a digital currency which is blockchain based.…

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Circle CEO Views Libra As Having “Massive” Impact On Crypto Awareness

CEO of Circle, Jeremy Allaire discussed the current activity taking place within the crypto sphere, with news outlet, Bloomberg’s Joe Weisenthal and Romaine Bostick on Friday, July 5, 2019. Some of the topics that the discussion was founded on include Facebook’s endeavor, Libra, how Libra is one of two different types of stablecoins and how Facebook’s move could potentially lead…

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Federal Judge Sentences Cryptocurrency Scammer to 86 Months in Prison

A scammer has been sentenced to 86 months in prison for running a cryptocurrency-related scheme, the United States Department of Justice (DoJ) reports on July 1 In addition to the 86-month prison sentence, United States District Judge Sandra J. Feuerstein ordered 44-year old New Jersey resident Blake Kantor to pay a total restitution of $806,405 distributed to the victims who invested in…

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Dan Dolev Is Bullish On Jack Dorsey’s Undervalued Square Cash Payment App

It is rare when analysts that are used to watching Wall Street business appreciate crypto-based businesses. But we’ll take it when it comes. Dan Dolev of Instinet recently had some good words in favor of Jack Dorsey’s Square. Square markets several software and hardware payments products and has expanded into small business services. The company was founded in 2009…

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Gab’s Crowdfunding Campaign Hopes to Raise $10M to Use Bitcoin and ‘Decentralize Dissent’

The free-speech maximalist website is decentralizing. In fact, it has just placed a bid to amass $10 million in crowdfunding. The platform aspires to get the entire amount in a Series A crowdfunding round in an attempt to decentralize its framework and fully leverage Lightning Network in its operations. The platform first hopes to revolutionize its current…

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G20 Leaders Reaffirm Position on Cryptocurrencies in Statement 9167

G20 leaders reaffirmed their previous stance towards cryptocurrencies in a declaration following the G20 Summit in Osaka on June 29 In the declaration, the G20 leaders state that cryptocurrencies do not currently constitute a threat to monetary stability, and that technological innovation can deliver significant benefit to the economy. The participants also welcome the ongoing work on those assets by…

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