Russia Prepares Law to Allow Cryptocurrency Confiscation

According to local reports, Russia’s Ministry of Internal Affairs and other law enforcement agencies are developing proposals to confiscate cryptocurrencies. These proposals could evolve into Russian laws as soon as 2021.  “Russia plans to develop a legal mechanism for the seizure of virtual assets for their confiscation,” according to a translated report from RBC. “The relevant proposals should be prepared by December 31, 2021 by the Ministry of Internal Affairs together with [federal financial monitoring branch] Rosfinmonitoring, the Prosecutor General’s Office, the Investigative Committee, the Justice Ministry … the Federal…

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Video: Paul Puey on Edge Wallet and Bitcoin Privacy

After becoming involved in the Bitcoin space in 2013, Paul Puey founded a unique and innovative wallet called Airbitz. Even at the time, the focus was on encrypting data by default, backing up the private keys and simplifying the user experience. But after deciding to enter multiple partnerships in order to seamlessly integrate various exchange services directly into the user interface, the wallet was rebranded as Edge. “You would choose Edge as a way to buy bitcoin, and actually I think that’s its biggest value proposition,” said Puey. As opposed…

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BTC Bullion: Three Interpretations of Bitcoin as “Digital Gold”

Bitcoin is often described as “digital gold.” While this is an oversimplification, it can be a helpful way of understanding some of bitcoin’s most critical properties — the things that “give bitcoin value.” One of bitcoin’s preeminent use cases is in its role as a store of value, a status that gold has long embodied. Though the price is volatile, many Bitcoiners who believe in its long-term value to an increasingly decentralized society see it as a long-term investment, and citizens of countries whose economies are distressed regularly turn to…

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Was a Lone Whale Really Behind Bitcoin’s 2017 Bull Run? Don’t Bet on It

“Ignorance is the parent of fear.” — Herman Melville, Moby Dick In July 2019, John M. Griffin and Amin Shams, academics from the University of Texas and the University of Ohio, respectively, published the cleverly titled report “Is Bitcoin Really Un-Tethered?” Their “findings” echoed through mainstream and cryptocurrency media alike. The duo boldly claimed that bitcoin’s 2017 price rise was fueled by unbacked USDT; in essence, their argument goes, Bitfinex/Tether issued the stablecoin without having any dollars in the bank to back them up, meaning bitcoin’s price rose on little…

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Bitcoin Price Analysis: Range-Bound Market Set for Bullish Continuation

Summary: The bitcoin market has been range-bound over the last week and a half and is now seeing consolidating volume and a consolidating price structure. The consolidation within our current range is forming an ascending triangle with a $500 move to the upside and a price target of around $10,000. However, a failure to break out to the upside can also have a $500 move to the downside and would have the market targeting a price of $8,700 on the support below. Trading and investing in digital assets like bitcoin…

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Live Brainstorm on Reddit

We are currently printing Issue 21 and for one issue we’ll be changing gears and brainstorming a Reddit-themed issue live on Reddit. The issue will have stories that introduce reddit to those who aren’t familiar with the site, talk about the Bitcoin subreddit’s influence on Bitcoin, and much more. We’ve gotten a great response from our writing team and redditors already. The ideas popping up are already being worked on because they are just that good. Head over to the live brainstorm, jump in on the discussion, and vote for ideas…

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With Expansion in Singapore, Sygnum Focuses on Institutional Investors

Sygnum, a digital asset manager that offers custody, brokerage, lombard credit and tokenization services to institutional and qualified private investors, describes itself as the “world’s first digital asset bank.” On October 31, 2019, the group announced it had obtained a capital markets services license from the Monetary Authority of Singapore (MAS). This came after it obtained a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August 2019. With licensure from two of the world’s most innovative financial centers, Sygnum may be in a better…

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Users Can Now Buy Bitcoin on DropBit Using Apple Pay or Google Pay

On November 5, 2019, Bitcoin-focused product hub Coin Ninja announced that, through a collaboration with cryptocurrency payments company Wyre, users can now buy bitcoin directly on the DropBit app with Apple Pay and Google Pay. Coin Ninja calls DropBit its “Venmo for bitcoin,” a bitcoin wallet and payment service particularly designed to help Bitcoiners send BTC to those who don’t own any. And it positioned this announcement as progress in its efforts to make DropBit the fastest and easiest on-ramp for bitcoin. Coin Ninja claimed that bitcoin purchases can take…

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Cutting Edge Ideas Converge at Money20/20

This is a sponsored article on behalf of Money20/20. What’s the next milestone for fintech? How will the latest wave of financial products and services alter the worldwide money landscape? When will cryptocurrencies and blockchain technology achieve mass acceptance in the payments industry?  These were among the many questions explored at Money20/20, a global conference on the future of money held from October 27 to 30, 2019, in Las Vegas. Featuring prominent thinkers and experts in payments, banking, fintech and financial services, this conference provided ample opportunities for engagement and…

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Op Ed: In China, It’s Blockchain and Tyranny vs Bitcoin and Freedom

On October 24, 2019, President Xi Jinping gave a major speech about how China is going to make blockchain technology a national priority. He said China would “take the leading position in the emerging field of blockchain” and explore its use “in people’s daily life.” China’s most-watched daily news show covered the speech in primetime, and the next day, the People’s Daily propaganda newspaper ran a front-page story on Xi and blockchain. Searches for “blockchain” on China’s most popular browser Baidu rose 200 percent. What’s essential to note is that…

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