What Bitcoin Holders Should Watch for in Today’s Fed Meeting

HomeNewsBitcoin News Follow us on Twitter or join our Telegram What Bitcoin Holders Should Watch for in Today’s Fed Meeting By Fredrik VoldJuly 29, 2020 With the US Federal Reserve’s Federal Open Market Committee (FOMC) set to release a statement from their meeting this evening (UTC time), crypto holders may be in for another run higher if the traditional market gets it the way it wants. While the Fed is not expected to announce any major changes to its monetary policy today, the meeting is still seen as important for the traditional financial markets, with…

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Angry South Korean Crypto Traders Threaten to Quit over New 20% Tax

Active crypto traders in South Korea said they are prepared to walk away from the scene forever – slamming “unfair” 20% crypto trading tax law proposals unveiled by the government earlier this week. It is a sign, perhaps, of what traders in other nations will have to deal with in the near future, with draft crypto tax laws now being drawn up by governments all over the planet. The proposals, which will be bundled with a range of other tax changes, are almost certain to be voted into law in the next…

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Commissioner Hester Peirce Agrees with Telegram CEO Pavel Durov’s Criticism of SEC

Commissioner Hester Peirce, affectionately knowns as ‘CryptoMom’, believes the SEC’s court victory over Telegram was inappropriately reached and has further stifled innovation for the United States. Securities and Exchange Commissioner (SEC) Hester Peirce spoke out against the SEC’s motivations and actions in prohibiting the Telegram Open Network from distributing Gram tokens anywhere in the world. In her speech at Blockchain Week Singapore on July 21, Crypto Mom Peirce discussed the role and responsibilities of the SEC, and her sentiments on the decision against TON appeared to echo those expressed by…

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Wanted Wirecard Exec Marsalek Hiding in Russia After Moving Funds in Bitcoin

Former Wirecard Chief Operating Officer Jan Marsalek used Bitcoin to move funds to Russia where he is now in hiding, according to a Russian media outlet. Jan Marsalek, the former Chief Operations Officer of the now-defunct German Wirecard payments allegedly sent Bitcoin (BTC) from Dubai into Russia, where he is now reported to be hiding. According to a local Russian media report on July 20, Jan Marsalek is hiding from German and Austrian authorities in a private house outside of Moscow under the watch of Russian intelligence operatives. The amount of BTC cryptocurrency Marsalek…

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More South Korean Banks May Look to Start Crypto Operations

More South Korean conventional finance firms are set to follow Nonghyup (NH Bank) into the cryptoasset industry, say experts, academics, and industry insiders – who think regulators may offer banks safe passage into the crypto sector. As reported earlier this week, NH has announced it will begin crypto custody services for industrial investors, and is currently working with Virtual Asset Service Providers (VASPs) on possible business opportunities. The bank also indicated it would look to offer securities token custody, as well as digital fiat custodial services – should the central Bank of Korea push ahead…

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Russian Court Denies Theft Victim Access to Stolen Bitcoin

A Russian court has denied a claimant the right to reclaim almos BTC 100 (USD 920,000), stating that crypto has no legal value – meaning courts are powerless to enforce property rights. Per a Telegram post from the district court’s press office, in Russia’s second-largest city, St. Petersburg, a judge ruled that bitcoins and other tokens that make use of cryptographic and blockchain technology cannot be considered as property in criminal cases, due to the fact that cryptocurrencies have no legal status in the country. The court justified its decision by…

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Bitcoin as Alternative to Privacy-Breaching Covid Health Certificates

The Bitcoin (BTC) blockchain may offer an alternative to the “Orwellian” apps that have been used by governments around the world to limit the spread of the COVID-19 virus, an article from bitcoin-focused financial services company Unchained Capital argues. According to the article, the main issue with the current solutions is “the type and quantity of data” that is needed for them to work. As an example, the author, Unchained Capital’s engineer Buck Perley, pointed to the system deployed in South Korea, where anyone who has tested positive for the virus will have his or…

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Colombian Regulators Urged To Ditch ‘Obsolete’ Draft Crypto Law + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Colombian regulators have been urged to start drawing up the country’s crypto legislation again from scratch, reports Criptonoticias. The media outlet writes that a consultancy group comprising Columbian crypto and blockchain industry chiefs told Bogotá to abandon earlier plans for regulation that were formulated back in 2018. The group stated that the plans were already outdated, and new debates needed to be held. The CEO of…

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Thai Authorities Go After Crypto in Search for Drug Money

Authorities in Thailand are determined to hunt down the country’s well-hidden drug lords by going after everything from gold shops to oil, construction firms – and cryptocurrency, a new report by news agency AFP claims. According to the report, it is the recent downfall of a large meth syndicate, which allegedly laundered tens of millions of US dollars through various industries in Thailand, that have made the police determined to do whatever they can to track down those who are pulling the strings behind the curtains. “We have found an irregular…

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Bitcoin Scammers Launch Elon Musk and SpaceX Scheme, Stealing $2,000,000 in BTC

Bitcoin scammers have reportedly stolen $2 million worth of BTC in the past two months by digitally impersonating Tesla CEO Elon Musk. Justin Lister, CEO and founder of cyber-defense firm Adaptiv, compiled a list of Bitcoin “vanity addresses” that capitalized on Musk’s name since late April, ZDNet reports. Vanity addresses include a recognizable name inside the actual address to increase a scam’s perceived legitimacy. A real-life example of a vanity address is “1MuskPsV7BnuvMuHGWmmXUyXKjxp3vLZX6.” Lister put together the list with the help of BitcoinAbuse, a website that tracks Bitcoin addresses used by ransomware, blackmailers,…

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