Recently, the Europian Union adopted a new anti-money laundering (AML) directive which especially targets cryptocurrencies. It is the fifth AML directive of the EU which aims to detect, investigate, and prevent financial crimes in the country. Details of the Directive The directive tagged “Directive (EU) 2015/849” which lets Financial …

Govt. of Japan Aims to Stop Crypto Criminal Activities with Credit Evaluation After revealing its plan to crack down on anonymous digital currencies like Dash, Zcash, and Monero, the government of Japan has said that major credit agencies will evaluate digital currency users to check the utilization of digital assets …

Venture Capitalist Spencer Bogart says Bitcoin’s Price Could Fall Again Cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, and Ripple had created trend by growing too fast, and Bitcoin had almost grown beyond $19,500. But, all of a sudden, the price started falling, and now it has reached the low level …

Authorities in China Arrested Digital Currency Miners for Power Theft Chinese Police have detained a man for purportedly stealing a significant amount of power to fuel a private digital currency mine. As per Xinhua news agency, Police in the eastern Chinese province of Anhui seized more than 200 computers utilized …

Ripple CEO Mr. Brad Garlinghouse says Coinbase Should Add XRP CEO of Ripple Labs, Mr. Brad Garlinghouse, the company that oversees the development of  XRP, the $18 billion blockchain network, has stated for the first in public that Coinbase should integrate XRP, the native digital currency of the ripple network. …

Bitfinex’s Chief Strategy Officer Leaves Crypto Exchange According to Reuters report, Phil Potter, who is one of the directors of ‘stablecoin’ issuing company Tether, will be replaced by Jan Ludovicus van der Velde, Bitfinex’s CEO. Phil Potter said to Coindesk: As Bitfinex pivots away from the U.S., I felt that, …

Japan Targeted 6 Licensed Cryptocurrency Exchanges with Business Improvement Orders Japan’s financial regulator the Financial Service (FSA) has sent business improvement orders with six major cryptocurrency exchanges. As stated in press releases in their website, the FSA has demanded a risk management redesign – focused on anti-money laundering (AML) and …

Ripple Price will Reach $10 says  Roman Guelfi, a Respected Crypto Expert Being the third largest cryptocurrency in the world, the Ripple has been experiencing price slump. Even though after hiring Cory Johnson, Ripple’s new head market strategist, XRP still seems to be struggling to raise in terms of value. …

Central Bank of Bahamas to Launch Pilot Digital Currency As per Jamaica Observer report, Bahamas Central Bank is planning to introduce a government-backed pilot cryptocurrency. Talking at the Bahamas Blockchain and Cryptocurrency conference prior this week, Deputy Prime Minister and Minister of Finance of the Bahamas, Mr. K Peter Turnquest, …

Ukrainian Police Arrested Four Men for Running Fake Crypto Exchanges As per a report on 21st June, Ukrainian Police have detained four men suspected of running six fake crypto exchanges. All four aged between 20 and 26 purportedly started at least six cryptocurrency exchanges, where they deceived users, afterward stealing …