Danske Bank Caught Using Gold Bullion to Launder Illicit Funds

The Danish financial institution Danske Bank has been embroiled in a massive money-laundering scandal associated with an Estonian branch that allegedly laundered $223 billion in an eight-year period. According to documents uncovered this week stemming from 2012, Danske Bank’s Estonian branch let a select group of clients from Russia convert their money into gold bullion in order to help hide funds. Also read: China Now Censors Anti-Blockchain Sentiment, Educates Public on Bitcoin Danske Bank’s Estonian Branch Laundered Funds With Gold Bullion Danske Bank has been involved in a money-laundering conspiracy…

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Tax Agencies Worldwide Plan to Crack Down on ‘Dozens’ of Crypto Tax Evaders

The U.S. Internal Revenue Service (IRS) has revealed the agency is cracking down on “dozens” of cryptocurrency users evading taxes. The IRS has partnered with tax agencies from four other countries in order to make sure tax enforcement strategies are being applied across the map. Also Read: QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices Tax Agencies From 5 Countries Are Hunting Dozens of Tax Evaders Using Digital Currencies According to the IRS, the tax agency is putting a significant amount of effort into fighting tax evasion…

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Bitcoin Cash House Launches Crypto Hub in Venezuela

A new crypto resource has emerged in Barquisimeto, Venezuela, for Venezuelans interested in learning about Bitcoin Cash and cryptocurrencies. The project, called Bitcoin Cash House, is the brainchild of Roberto Garcia and is sponsored by Bitcoin.com and Sideshift.ai. It exists as a physical location and online initiative, seeking to educate newcomers to the space on the acquisition, storage, and general use of crypto, as well as development and job opportunities. Also Read: Over 200 Venezuelan Taxis Discover the Benefits of Bitcoin Cash Welcome to the Cash House Launched just days…

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Corrupt CBI Inspector Booked for Extorting Vigilante Bitcoiner

India’s Central Bureau of Investigation (CBI) has reportedly booked its own officer in an extortion case involving bitcoin. The target was a man who previously fell victim to the Bitconnect scam and allegedly resorted to extreme measures to recoup his money. Also read: China Now Censors Anti-Blockchain Sentiment, Educates Public on Bitcoin Extorted by CBI Officer The CBI has reportedly booked its own officer, inspector Sunil Nair, for allegedly extorting Rs 5 crore (~$700,506) from Shailesh Bhatt, an Indian businessman from Gujarat, local media reported on Friday. According to the…

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How to Start With Bitcoin at No Cost

Getting into the Bitcoin world is by default easy and it doesn’t have to cost you anything. All you need to do to get started is to install a cryptocurrency wallet and load it with some digital cash. The growing crypto community, always enthusiastic about accepting new members, has done a lot to make sure you can take these first steps at no expense. Also read: Crypto-Based Commerce Spikes 65% in 7 Months Get a Free Crypto Wallet First To start with Bitcoin you don’t need to be ultra tech…

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Corrupt CBI Officer Booked for Extorting Vigilante Bitcoiner

India’s Central Bureau of Investigation (CBI) has reportedly booked its own officer in an extortion case involving bitcoin. The target was a man who previously fell victim to the Bitconnect scam and allegedly resorted to extreme measures to recoup his money. Also read: China Now Censors Anti-Blockchain Sentiment, Educates Public on Bitcoin Extorted by CBI Officer The CBI has reportedly booked its own officer, inspector Sunil Nair, for allegedly extorting Rs 5 crore (~$700,506) from Shailesh Bhatt, an Indian businessman from Gujarat, local media reported on Friday. According to the…

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What to Expect From the Next Bitcoin Cash Protocol Upgrade

On November 15, shortly after 12 p.m., Bitcoin Cash (BCH) will execute an upgrade of the network’s consensus rules. After the upgrade is locked in, the next block will enforce minimal pushdata in script and the opcodes OP_Checkmultisig and OP_Checkmultisigverify will be upgraded to accept Schnorr signatures. Also Read: QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices Delivered Code Next Friday, Bitcoin Cash proponents will be watching the BCH chain upgrade the current consensus ruleset in order to add two new features. Developers have been discussing the…

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For Initial Exchange Offerings, Liquidity is King

There are many benchmarks for measuring IEO success. Token price, community size, code shipped, and milestones met are all yardsticks for gauging the progress of a tokenized project. For projects seeking to create the biggest possible splash, however, liquidity is the crucial factor. The more exchanges an IEO reaches, the greater its prospects of survival. Also read: How Crypto Winters of Bitcoin’s Past Compare to Today Multiple Exchanges Multiply Projects’ Prospects Initial exchange offerings are big business: according to Inwara, IEO projects raised a cool $1.625 billion in the first…

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QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices

Since the last week of October, a great number of central banks have been slashing interest rates, joining the massive synchronization of monetary easing worldwide. This year more than two dozen banks have used easing tactics and in the last two weeks alone central banks from Costa Rica, Hong Kong, Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Brazil, Indonesia, and Georgia have joined the rate slashing party. Also Read: Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society The World’s Central Banks Join…

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Crypto-Based Commerce Spikes 65% in 7 Months

Commerce fueled by cryptocurrencies has once again started to grow. Data collected by blockchain forensics company Chainalysis shows a significant increase of volume in the first half of the year. The positive change coincided with the remarkable market recovery that followed last year’s prolonged crypto winter. Also read: Turkey Becomes the Latest Nation to Work on Digital Fiat $5.5 Million of Crypto Used in Commerce Daily After a string of depressing months in 2018, cryptocurrency-based commerce began to rise again in 2019, the study quoted by Bloomberg indicates. According to…

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