Tyler Winklevoss: ‘It Will Take Time’ for Wall Street to Make Crypto Jump

Crypto exchange Gemini CEO Tyler believes “it will take time” for the majority of Wall Street to enter the cryptocurrency sector. The Winklevoss brothers also said they won’t be slowing down anytime soon after the Securities and Exchange Commission (SEC) rejected their proposal for a Bitcoin ETF recently, speaking in a Bloomberg interview. It’s been

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FinCEN director: We Receive 1,500 Virtual Currency Complaints a Month

The US Financial Crimes Enforcement Network (FinCEN) now receives over 1,500 Suspicious Activity Reports, which concern cryptocurrencies like Bitcoin, every month. The statistics were presented by the FinCEN Director, Kenneth Blanco, during his speech regarding the US agency’s views on decentralized digital assets and virtual currencies. The US Treasury, at the 2018 Chicago-Kent Block (Legal) Tech Conference, stated

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Bitcoin Mining Firm Reopens in U.S. after Regulators Revoke Cease & Desist Order

Genesis Mining, a provider of managed cloud mining, announced that it is resuming operations in the United States after South Carolina regulators withdrew a cease and desist order against the firm. Contracts serving U.S. residents have been disabled for five months up until now. SC Regulators Revoke Cease & Desist Order The cease and desist

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Coinbase Begins British Pound Support for UK Bitcoin Customers

Users at Coinbase will now be able to deposit and withdraw funds in British Pound, the San Francisco company announced on Wednesday. Until now, Coinbase UK users had to convert their cryptocurrency holdings into Euro and then into pound sterling via international transfers. The process owed costly intermediaries; for instance, SEPA fees that could go

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Opinions: What Experts Think about a Possible Bitcoin ETF

Since 2017, SEC has turned down at least three bitcoin ETF applications (including the Winklevoss twins on two occasions) from different groups citing specific reasons for such denials. This has not stopped the surfacing of new applications. Just last month three groups that have been turned down before (CBOE, VanEcK and SolidX) returned with revised

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U.S. Congress Should Make Cryptocurrency a Key Focus: House Rep.

At a Congressional hearing earlier this year, a key member affirmed his intention “to not sit by idly” while the cryptocurrency investors remain unprotected. That congressman, Rep. Bill Huizenga (R-MI), has once again called Congress for oversight of what he believes is a “muddled and fairly opaque” cryptocurrency market. A contender to lead the House

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Crypto ETF Rejection Sends Bitcoin Price Below $8,000

Within hours that the SEC announced that it has rejected a proposed bitcoin ETF submitted by the Winklevoss Twins, the bitcoin price dipped below the $8,000 mark and is now currently teetering back and forth across that psychologically-significant level. CCN reported on the breaking ETF announcement earlier today. About the ETF The announcement comes after the

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CFTC Does Not Regulate Retail Crypto Markets: Chairman Chris Giancarlo

The United States Commodity Futures Trading Commission (CFTC) Commissioner J. Christopher Giancarlo has stated that the agency’s primary remit is not to exercise regulatory jurisdiction over cryptocurrency trading markets and other cash markets, but to deal with fraud and compliance in large futures markets. He made this comment while responding to a question from Rep.

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Indian Law Commission Recognizes Cryptocurrency as an ‘Electronic Payment’: Report

The cryptocurrency ecosystem in India may have just found a lifeline, albeit an unlikely one. According to a legal report released in July 2018, the country’s lawmakers are considering legalizing the multi-million dollar sports betting industry – naming cryptocurrencies as a legally acceptable payment method akin to credit and debit cards. India Explores Cryptocurrencies in

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South Korea to Loosen Crypto Rules in Cooperation With G20 Directive

South Korea, a country that has banned ICOs, plans to loosen restrictions on cryptocurrencies based on efforts by G20 to create uniform regulations, according to The Korea Times. The G20 meeting established a July deadline for taking a first step on “unified regulations.” The recent announcement from South Korea is part of a loosening of

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