This Crypto Brokerage Lets You Escape to Fiat – No KYC Required

Europeans now have a new option to convert Bitcoin and other crypto assets into fiat without having to undergo identity verification. To make this possible, Swiss service Bity integrated with MyEtherWallet to enable the seamless transition of funds between MEW wallets and Bity accounts. Swiss Crypto Firm Sheds KYC Requirements for $5,000 Purchases Bity supports movements of up to 5,000 CHF (roughly $5,000) without a KYC verification process. According to a press release, Bity is a totally legal service under Swiss laws. The company writes: “Bity is able to offer this KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss

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$8 Billion Coinbase Faces Backlash for Latest Acquisition

Bitcoin exchange giant Coinbase has acquired Chainalysis competitor Neutrino in an effort to enhance its compliance efforts and regulatory relationships. Neutrino uses blockchain analytics to identify potential money laundering or other illegal transactions on the blockchain. Until its acquisition, it was one of a few companies growing in the space of analyzing blockchains. Its work mainly benefits crypto exchanges, regulators, and other centralized powers. According to Coinbase, companies like Chainalysis, Whitestream, and Elementus are “necessary” in an “open financial system.” “Blockchain intelligence is increasingly important in the crypto ecosystem, and is necessary to achieve our mission of bringing the open financial

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Disgraced Crypto Exchange QuadrigaCX Accidentally Sent Nearly $400,000 to Dead CEO’s Bitcoin Wallet

On February 12, Ernst and Young (EY), the monitor of the QuadrigaCX case, released its first report with the Supreme Court of Nova Scotia. In it, EY stated that the exchange “inadvertently” moved $370,800 in Bitcoin to a cold wallet controlled by CEO Gerald Cotten, who passed away. The report of the monitor read: “On February 6, 2019, Quadriga inadvertently transferred 103 bitcoins valued at approximately CAD $468,675 to Quadriga cold wallets which the Company is currently unable to access.” “The Monitor is working with Management to retrieve this cryptocurrency from the various cold wallets, if possible.” Throughout the past

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Venezuela Did More P2P Bitcoin Trading Than Canada and India Combined in 2018

According to data scientist Matt Ahlborg, LocalBitcoins trading data concludes that Venezuela did more peer-to-peer Bitcoin trading in 2018 than Canada, India, and Australia combined. Venezuelan trading topped $235 million. For perspective, the United States only clocked in $373 million, and it is the largest economy in the world. In total, peers traded $3.1 billion over the course of the year. One factor that limits trading in more advanced countries is the price spreads seen on LocalBitcoins. To buy Bitcoin there, one will invariably pay several percent above the market rate. A premium is also had when selling on the

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Revealed: A Bitcoin Billionaire’s Shocking Plan to Revive Mt. Gox – Crypto’s Most Notorious Exchange

Brock Pierce wants to see balance in the world. He effects this vision in more ways than one. For starters, he says he “positively discriminates against people who need a hand up.” But more importantly, he’s currently in the process of discriminating against himself in the settlement of the Mt. Gox affair. You know, the origin of the term “Goxxed“? Gox Rising: An Equitable Resolution to the Mt. Gox Disaster? Through a project called Gox Rising, Pierce, who is arguably the only shareholder in Mt. Gox, is seeking to ensure that victims of “our version of Lehman Brothers” are paid

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Newsflash: Indian Hospital Claims QuadrigaCX CEO Died Under its Care – Will it End Suspicion?

Amidst all the suspicion that has followed the sudden closure of QuadrigaCX crypto exchange and cold wallets containing $150 million being inaccessible following the death of the company’s chief executive, Gerald Cotten, a hospital in India has confirmed that the CEO died while in its care. According to Fortis Escorts Hospital, Cotten succumbed to a heart attack on December 9 last year. The Fortis Escorts Hospital is located in Jaipur, the capital of the northern Indian state of Rajasthan. Per the Times of India, Cotten was declared dead in the evening at 7.26 PM. Cotten had also been suffering from

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Where’s the ‘Missing’ $150 Million? Crypto Exchange QuadrigaCX’s Fiasco Gets Weirder with New Research

According to a cryptocurrency researcher with an online alias “ProofofResearch,” QuadrigaCX may not have a Bitcoin cold wallet nor $150 million in crypto. In a research paper, Zerononcense editor ProofofResearch stated that based on the evaluation of the company’s 31 Bitcoin addresses, no evidence to prove the existence of a cold wallet for QuadrigaCX was found. No Bitcoin and Ethereum Cold Wallets On February 4, as CCN reported, MyCrypto CEO Taylor Monahan discovered that QuarigaCX does not have an Ethereum cold wallet which stored user funds. Monahan evaluated three main Ethereum addresses used by the exchange and no evidence was

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Is the Missing Crypto From QuadrigaCX’s $150 Million Disaster On the Move? Experts Weigh-in

According to several reports, some funds from the missing $150 million holdings of Canada’s biggest crypto exchange QuadrigaCX could be moving. On Saturday, CCN reported that QuadrigaCX lost more than $190 million in funds stored in both crypto and fiat as the CEO, who had sole control over user funds passed away. In a strange turn of events, some industry experts have expressed skepticism toward the case as wallets connected to the exchange’s hot wallets started to move. Inconclusive Evidence, Not Definitive if it is QuadrigaCX’s Cold Wallets Containing Crypto A Reddit user with an online alias “Palhello” studied all

Is the Missing Crypto From QuadrigaCX’s $150 Million Disaster On the Move? Experts Weigh-in by CCN

Avoiding QuadrigaCX’s $190 Million Disaster: How Do the World’s Largest Crypto Exchanges Store Funds?

Canada’s largest crypto exchange QuadrigaCX lost more than $190 million worth of user funds and is unable to reimburse its users. As CCN reported on February 1, the founder and CEO of QuadrigaCX passed away in India with sole control over the company’s cold wallets containing more than $150 million in cryptocurrencies like Bitcoin and Ethereum, and $40 million in cash stored with a third party. How do the world’s largest digital asset exchanges such as Binance and Coinbase store funds to avoid a tragic situation like QuadrigaCX? CEO Should Never Have Sole Access to Crypto on an Exchange A

Avoiding QuadrigaCX’s $190 Million Disaster: How Do the World’s Largest Crypto Exchanges Store Funds? by CCN

Gemini Claims to be World’s First SOC 2 Compliant Crypto Exchange after Deloitte Audit

Crypto exchange Gemini has announced that it has completed its SOC 2 Type 1 examination, and plans to obtain more security credentials by the end of the year. SOC 2 reports are essentially certifications testifying to the processing integrity, security, and/or availability of a service, with a key focus on data confidentiality for end users. The exchange owned by billionaire crypto investment duo Cameron and Tyler Winklevoss is the first to have this level of security compliance on the cryptocurrency scene. In an announcement by Head of Risk, Yusuf Hussain, Gemini claims that the SOC 2 Type1 certification means that

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