Month: January 2021

The United States Financial Crimes Enforcement Network, or FinCEN, issued a brief note on Dec. 31, announcing its intention to propose a change in the Bank Secrecy Act, regarding reporting of foreign financial accounts holding digital currency. Currently, digital assets are not covered by the Foreign Bank and Financial Accounts, or FBAR, regulations. However, the notice
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The COVID-19 pandemic dominated the news in 2020, affecting myriad sectors — health, economics, social justice, politics and trade, as well as the cryptocurrency and blockchain industry. As country after country locked down to halt the virus’s spread, governments seized upon stimulus payments to preserve economic life.  While necessary, these measures raised the specter of
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Bitcoin boasted 300% returns this year making it 2020’s Best-Performing Institutional Asset. We should see even bigger gains in 2021, right? I think so. Let’s talk about it! Hit Like, Share, and Subscribe for more daily cryptocurrency news! Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Tweets by AltcoinDailyio Timestamp: 0:00
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The price of Bitcoin (BTC) has reached a new all-time high above $29,400 across major exchanges on Jan. 1. In other words, BTC is just 2% away from reaching the psychological resistance level at $30,000. Breaking $30,000 could fuel renewed confidence in the market with the last remaining technical roadblock right below this level.  BTC/USDT 4-hour
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The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN, a bureau of the U.S. Department of the Treasury, issued a notice on Thursday regarding a
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Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses.  The Thursday letter is in response to the Treasury’s recent proposal to make registered crypto businesses hold on to more customer information, especially when transacting with self-hosted wallets. The proposal has been met with widespread outrage from the
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An analysis performed by the New York Times of internal pay data at cryptocurrency exchange Coinbase unveiled disparities in salaries, showing their women and Black employees were underpaid. Coinbase Underpaid Women and Black Employees, Claims NYT Study According to the report, women employees were paid by Coinbase an average of $13,000, or 8%, which is
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#Bitcoin #HalalInvestments Recent Bitcoin price movement, going to the moon, motivated me to look into this new asset. In this video I cover: What I think about Bitcoin and its usefulness. Is Bitcoin a good investment? Is Bitcoin a halal investment? Why is Bitcoin valuable? What do I think about threats to Bitcoin? How much
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