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The European Union’s 5th Anti-Money Laundering Directive (5AMLD) came into effect today, January 10. The regulation was entered as law on July 9, 2018 in an effort to bring increased transparency to financial transactions for pushing back against money laundering and terrorist financing across Europe.For the first time, 5AMLD
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Bitcoin is showing first signs of a weakening upside momentum as traders adjust their sentiments near key resistance areas.The benchmark asset on Wednesday plunged by up to 3.15 percent in what appears to be a corrective action. The move downhill prompted it to establish an intraday low of $8,202.57 on
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LAS VEGAS — "Bitcoin as an asset class has proven that mathematical scarcity can support an incredibly exciting asset," Dante Disparte, vice chairman of the Libra Association, said Tuesday. "It's not a means of payment. It just isn't."Disparte spoke at the Digital Money Forum at the Consumer Electronics Show (CES) in
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As we have already reported, Bitcoin (BTC) was for sure the best profitable investment in 2019. If we compare it to “more traditional assets” it still seems we are right:• Nasdaq: +33.98 percent• S&P 500: +30.80 percent• Dow Jones: +24.23 percent• Gold: +17.83 percent• Bitcoin: +96.81 percentAlso, the network hash
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Outlier Ventures, a venture capital firm, said that 2020 will be the start to a new phase in crypto, bitcoin, Ethereum, and blockchain following ten years of development and speculation.The firm’s head of research Lawrence Lundy—which has invested in major cryptocurrencies like bitcoin, Ethereum, Cosmos, Brave, and Chainlink—said that the
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To Okung, the Los Angeles Chargers' left tackle, bitcoin means economic sovereignty and self-empowerment. Source
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Crypto asset exchange Kraken has added two new options for GBP deposits and withdrawals in attempts to speed up the exchange of funds for users.Related Reading: Bitcoin’s Chart Looks Eerily Similar to $3,000 Bottom; Is the Pain Over?Options to Fund AccountsIn collaboration with UK-based payments services provider Clear Junction, Kraken
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Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services.A report from Izvestia on Nov. 29 cites several sources allegedly familiar with ongoing discussions at the country’s central bank, financial regulator and Ministry of Finance in support of a ban.Legal measures not
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The U.S. Federal Reserve is again expanding its balance sheet – prominent experts believe that could bode well for bitcoin in the long run. Source
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The European Central Bank (ECB) has attacked plans for an Estonian state-operated cryptocurrency. ECB President, Mario Draghi shut down any talk of the proposal by saying about crypto assets:“No member state can introduce its own currency…The currency of the euro zone is the euro.”Many observers theorize that Draghi’s response is
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