Japanese Financial Watchdog Frowns on Gambling Dapps

New research from Xangle suggests Japan’s Financial Services Agency is more likely to approve crypto projects not involved in casino Dapps. Regulators in Japan may be more inclined to approve new virtual currencies for trading if they have greater financial transparency and aren’t involved in gambling Dapps. According to a new report from Xangle Research on Japanese digital asset regulations, the country’s financial watchdog, the Financial Services Agency (FSA), specifically says crypto firms may be approved if they do not support decentralized applications (Dapps) with gambling or anonymous features. In…

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One Step Forward and One Step Back: Why Is Russia’s Crypto Regulation Treading Water?

Some Russian regulators propose a blanket ban on digital asset trading, but the country is too far along the path of crypto adoption. Russia has long been home to a vibrant crypto retail market, yet the nation’s regulation of digital assets still lags behind. As a spate of stakeholders and disparate regulatory authorities struggles to figure out a coherent policy framework within a bureaucratic system, much of the cryptocurrency industry remains outside the realm of regulated economic activity — to the chagrin of many entrepreneurs. The central piece of crypto legislation…

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Bitcoin Exploded by 50% When It Printed This Signal in March. It’s Back

Bitcoin’s price action over the past few weeks has been deemed “boring” by most traders. As the chart below shows, the leading cryptocurrency has been caught in a tight consolidation pattern. Since the start of May, Bitcoin has barely deviated from $8,000-10,000. Only twice did the cryptocurrency move out of this range, though those moves saw quick rejections at crucial resistances. Chart of BTC’s price action over the past ~two months from TradingView.com Crucial market indicators, however, suggest that a bullish breakout is near. This shift in sentiment comes after…

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LibertyX Allows BTC Purchases in Cash at 7-Eleven, CVS, and Rite Aid

Retailers including CVS Pharmacy, Rite Aid, and 7-Eleven now allow LibertyX mobile app users to purchase up to $500 in Bitcoin with cash. LibertyX, the firm that launched one of the early Bitcoin ATMs, has just made purchasing Bitcoin in cash possible at more than 20,000 retail locations across the United States.  In a June 22 announcement on LibertyX’s Twitter account, the crypto ATM service company said customers of retailers including 7-Eleven, CVS Pharmacy, and Rite Aid would be able to buy Bitcoin (BTC) with cash.  Users need to have…

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New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator

Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Police said on Monday it is the biggest seizure in the history of the force. Vinnik is accused by U.S. prosecutors of laundering billions of dollars for criminal syndicates through the platform. He denies the charges. He was arrested in Greece in 2017 while holidaying…

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Bitcoin Name and Logo Registered With Spanish Patent and Trademark Office

Acting through a lawyer, an anonymous person has protected the word ‘bitcoin’ at the national level. The Bitcoin name and logo has been trademarked in Spain with the Spanish Patent and Trademark Office. This process was completed by Ignacio Rubio Menéndez, a compliance expert and lawyer specializing in business law. Cointelegraph en Español spoke directly with Menéndez’s client, who is choosing to remain anonymous for now. This person explained: “I now have the logo and the word ‘bitcoin’ registered at the national level in the Spanish Patent and Trademark Office.…

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Bitcoin Hits Massive 1,350 BTC Sell Wall; Here’s Why Buyers Won’t Break It

Bitcoin has seen a tempered upswing over the past several hours that has come about in tandem with a rise in the stock market This upwards movement has done little to alter its underlying technical strength, as it still remains squarely within its long-held trading range This move has also led it up against a massive sell wall on Binance, which may slow the cryptocurrency’s ascent and stop it from incurring any notable momentum There are a few simple reasons recently laid out by one analyst that suggest Bitcoin will…

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PayPal is Hiring Crypto Engineers Amid Rumors of Bitcoin Integration

There are two public-facing job listings for crypto pros to go to work for PayPal. PayPal is hiring crypto and blockchain experts amid rumors that the global payment platform will enable direct cryptocurrency purchases for its 305 million users. The job descriptions they’re hiring for are publicly available on the company’s own job board. The first listing of note is for a job titled “Technical Lead – Crypto Engineer.” The listing describes that this person will be responsible for “new initiatives for PayPal global with a focus on agility, time-to-market…

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Chinese City Issues Post-Pandemic Consumer Vouchers on the Blockchain

Nanjing, China is basically using the blockchain to drive a local economic stimulus program. In order to reduce the COVID-19 pandemic’s impact on business, Chinese governments at all levels have been coming up with different policies and solutions to help the economy survive.  Nanjing, the capital of China eastern Jiangsu province, is one of the first cities in China to leverage blockchain technology and issue so-called “consumption vouchers” on the blockchain as a kind of crypto-driven stimulus package, according to a local news report on June 23. These vouchers are…

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$15m Liquidated as Bitcoin Surges to $9,800 for the First Time in Weeks

After days of consolidation, Bitcoin experienced a crucial breakout over the past few hours. The cryptocurrency just minutes ago tapped $9,800, the highest price it has traded at in over 10 days. With this latest move higher, the cryptocurrency is up approximately 5% in the past 24 hours. This is strong, especially when compared to altcoins — most of which are up 2-3% in that same time frame. Chart of BTC’s price action over the past few hours from TradingView.com Bitcoin’s latest surge higher resulted in the liquidation of millions…

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