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Binance has faced a number of regulatory issues in recent weeks. Payments player Clear Junction has suspended activity with Binance after similar moves from Barclays and Santander.  “Clear Junction can confirm that it will no longer be facilitating payments related to Binance,” Clear Junction said in a statement that was tweeted out by Adam Samson of the
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Bitcoin embodies Schumpeterian creative destruction. Bitcoin also behaves like a physical natural resource, with unique differences that make it a driving force for effecting fundamental change, much like gold, oil or electricity has done. Bitcoin goes through periodic cycles of varying lengths that inspire a creative rejuvenation of its ecosystem with new ideas and innovations
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On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision. Clear Junction Ceases Processing Payments for Binance Citing the Recent FCA Warning The Financial
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Bitcoin (BTC) closed beneath a key moving average for the eighth week in a row this weekend, but one analyst is betting on an imminent breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin balances breakout with Grayscale worries Data from Cointelegraph Markets Pro and TradingView tracked Bitcoin as it reversed weekend gains on July 12
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Is Binance crypto’s new whipping boy? Regulators in the United States, the United Kingdom, Canada, Japan, Thailand and the Cayman Islands have all recently issued warnings and even criminal complaints against the cryptocurrency exchange. Even Poland entered the fray as its financial regulator warned citizens to exert “special caution” when using Binance’s trading services. Some
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Ngozi Okonjo-Iweala, the director general of the World Trade Organization and former foreign and finance minister of Nigeria, said blockchain technology could help empower unbanked and underbanked women around the world. Cointelegraph editor-in-chief Kristina Cornèr addressed the G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response today, asking regulators
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Watch This Episode On YouTube. Listen To This Episode: On this bonus episode of the “Bitcoin Magazine Podcast,” Christian Keroles sits down with Greg King, CEO and founder of Osprey Funds. Osprey is focused on bringing cutting edge technology exposure to everyday investors through their crypto trust products. Their first product OBTC is designed to
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The U.S. has sentenced a creator of video streaming and downloading websites to prison for 12 months and one day. The feds also seized $3.9 million from him, including more than $1 million in cryptocurrency. Man Sentenced to Jail for Copyright Infringement and Tax Evasion, His Cryptocurrency Seized The U.S. Department of Justice (DOJ) announced
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It is with no hyperbole that I say the media industry has it out for Bitcoin. Whether it be for the massive engagement to be extracted from the buzzing digital asset keyword or a legitimate opinion on bitcoin mining, it appears that media outlets cannot help but exaggerate and hyperbolize comments on bitcoin. One recent example
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week US financial regulator FinCEN hires its first-ever chief digital currency
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Paraguayan Congressman Carlos Rejala and Senator Fernando Silva Facetti are planning to introduce a Bitcoin (BTC) bill to Congress on Wednesday, July 14, underscoring the lawmakers’ urgency in formulating a coherent digital asset strategy for their country.  “I am here to unite Paraguay,” Rejala tweeted Friday, adding that he and his fellow lawmaker are planning
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Bitcoin has risen from the dead so many times, it makes Lazarus look lazy. Yet its doubters persist: “Bitcoin is a bubble,” they say; a “risky speculation with little chance of ever becoming an established form of money,” they shout. But Bitcoin’s obituarists are not just mistaken: they are cast iron, copper-bottomed, 180 degrees wrong.
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On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service (IRS). The U.S. tax agency is accused of obtaining Harper’s
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