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Bitcoin Drops by 21% in a Week

The price of Bitcoin has been decreasing since August 7. During this time, the market capitalization of the digital currencies lost almost $60 billion.

BitPay to Tighten AML Requirements

The BitPay operator has reported the number of changes, which will make the interaction between the platform and customers more effective, and informed about the tightening of the identification measures.

Japan Regulator Pre-approves Wirex

Yesterday, August 16, Wirex Japan Limited officially became a type II member of the Japan Virtual Currency Exchange Association (JVCEA) - a vital and hard-earned step towards being able to offer the full range of Wirex services to customers in Japan.

IRS Sends Notifications to Cryptotraders

The U.S. Internal Revenue Service (IRS) has sent another round of warning letters to cryptocurrency users. This time, the letters are much more serious and represent notifications on misreported income from exchange transactions.

Ripple Drops by 40% at Beaxy

Beaxy, a trading platform, which just entered the market, has temporally halted the services as a response to the mass selling of the XRP coins.

SEC Accuses Veritaseum of Scam

The Security and Exchange Commission (SEC) has filed a lawsuit against the New York team of the Veritaseum project, accusing the developers of running an illegal ICO with several fraud indications.

China to Launch Official Digital Currency

Mu Changchun, deputy director of the payments unit at the People’s Bank of China (PBoC) has said the institution is ready to launch its cryptocurrency after five years of development. The message has been delivered at an event held by China Finance 40 Forum over the weekend in Yichun, Heilongjiang.

Indian Billionaire to Launch Cryptocurrency

The richest man from India according to Forbes’ estimation, owner of Indian telecoms provider Reliance Jio Infocomm Limited (known as Jio), Shri Mukesh D. Ambani has reported the launch of a cryptocurrency within a year.