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Some Major Canadian Banks Still Allow Cryptocurrency Credit Card Transactions

Finance While TD Bank has revised its policies and stopped allowing customers to purchase cryptocurrencies using its credit cards, some major banks in Canada still allow crypto credit card transactions, the banks reportedly confirmed on Friday.Also read: Indians Look to Buy Bitcoin Overseas as Regulations TightenTD Bank Halts Crypto Credit Card

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Without Mentioning Blockchain, Putin Says That Russia Must Stay Ahead In Technology

During a meeting with Herman Gref, the president of Russia’s largest bank Sberbank, Russian President Vladimir Putin spoke about the importance of not falling behind in Blockchain development.Sberbank already introduced Blockchain in their document transfer and storage systems by partnering with Russia’s Federal Antimonopoly Service (FAS) in December of last year. The bank is also reportedly s

Bank of America Acknowledges the Threat Posed by Cryptocurrency

Economy & Regulation For all the inroads that bitcoin has made on the current financial system, it has yet to threaten their ascendancy. The CEOs of Paypal, Visa, and other legacy payment systems may have been monitoring the rise of cryptocurrencies, but they have not been losing sleep over them. Now, in a frank report to the SEC, Bank of America

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Canada: TD Bank Bans Credit Card Purchases of Crypto Following Global Trend

Following in the footsteps of several major banks globally, the Toronto-Dominion Bank (TD), one of the largest banks in North America, announced  in an email statement to customers on Friday, Feb. 23, that it is banning the purchase of cryptocurrency with credit cards, local journal The Globe and Mail reports.A representative of TD, the first major Canadian bank to enact such a ban, said

Pump and Dump in Crypto: Cases, Measures, Warnings

The pump and dump, an age-old scheme to quickly raise the value of a worthless asset and then selling it to reap the profits from the price increase. Not only is the pump and dump illegally under the securities laws, but it is also extremely popular in the world of Blockchain technology, cryptocurrency, and digital assets.How does it workIn a pump and dump scheme, the price of a worthless asset-us

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Bank Of China Files Patent For New Blockchain Scaling Solution

The commercial, state-run Bank of China, not to be confused with the People’s Bank of China, the country’s central bank, has filed a patent with the Chinese State Intellectual Property Office (SIPO) for a solution to scale Blockchain technology systems, according to local news outlet tech.ifeng.The bank originally applied for the patent on Sept. 28, 2017, with a Zhao Shuxiang indicated as the

Austria Wants to Regulate Bitcoin like Gold and Derivatives

Featured Austria Finance Minister Hartwig Löger is urging both his country and the broader European Union to treat cryptocurrencies such as bitcoin in a regulatory fashion as they do now with regard to gold and derivatives. Also read: How To Regain Control From Nanny ZuckAustria Floats Ideas About Bitcoin Regulation“The cryptocurrencies are i

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Week in Review for February 23, 2018: Sidechains, Stings and Venezuela

In the past week, news from Venezuela was at the forefront, where crypto mining is way up due to cheap electricity. But their stab at launching their own crypto, the Petro, is not looking like a great plan so far.Good news in regulation, however, is coming from the state of Wyoming as the House unanimously passed two pro-blockchain bills, with five more in the pipe.On the technological front, rese

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Japan: Do Criminals Prefer Cryptocurrencies or Fiat for Money Laundering? 669 Cases vs 347,000

Japan’s National Police Agency said today that they received reports on 669 cases of suspected money laundering linked to cryptocurrencies from exchange operators between April and December of last year; This is just a tiny fraction of the total, as 347,000 money laundering cases were reported by traditional banks in the same time frame. The data came after cryptocurrency exchange operators were

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Polish Ministries Of Foreign Affairs And Finance Refute Interest In Venezuela’s Petro

Poland’s Ministries of Finance and Foreign Affairs refuted rumors of Polish interest in trading with Venezuela in the country’s newly-launched Petro coin, Polish news outlet Gazeta.pl reports Friday, Feb. 23.Venezuelan government-sponsored news outlet TeleSur reported in early February that the new cryptocurrency had found foreign investors, including Poland, who were interested in receiving P

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