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Paxful CEO Denied Data Breach Rumors On His BTC Exchange

Ray Youssef, the Paxful CEO denied data breach rumors on the exchange after an alleged stolen database of the user data started making rounds on the online marketplace Raid Forums so let’s read more in our latest cryptocurrency news today. The seller on Reid Forums which is an online market for stolen data was selling a database that had personal info of about 4.8 million Paxful customers and staff at the P2P BTC exchange. The seller under the handle “mafufi” claims that there are first and last names, email addresses, passwords of Paxful clients as well home addresses and birth…

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Bitcoin of America Hits a New Milestone: 600 Plus Locations

Bitcoin of America has just surpassed 600 ATM locations! This marks a new milestone as Bitcoin has seen its biggest year yet. Bitcoin of America is placing around 60-80 locations a month and this number continues to rise! It is no surprise that Bitcoin ATM locations have continued to expand rapidly as the price of Bitcoin has gone through the roof. It has been an exciting year for crypto lovers and the future is looking optimistic! Where can you find a Bitcoin ATM location? Bitcoin has been a popular subject recently as its value has skyrocketed! This news has left…

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Canadian Regulated Cryptocurrency Exchange Wealthsimple Begins Trading

Following the regulatory sandbox approval by Canadian regulators, Wealthsimple announced that it has launched “Canada’s first regulated crypto platform.” The new crypto exchange is regulated by the federal government as well as regulators in 13 provinces and territories in Canada. Wealthsimple Crypto Regulated in All Provinces and Territories in Canada Canadian investment management firm Wealthsimple announced Tuesday that its cryptocurrency exchange has launched. The company explained that Wealthsimple Crypto is “Canada’s first regulated crypto platform” that offers “No minimums or fees for deposits or withdrawals,” elaborating: Wealthsimple has the first regulated crypto trading platform in Canada … You can now…

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Paxful Ceases Venezuela Operations, Could Be Motivated by US Sanctions

Peer-to-peer (P2P) Bitcoin exchange Paxful recently sent a notice to its Venezuelan customers that it will not be offering its services in the country anymore. Why did Paxful cease operations? Venezuela leads Latin America in terms of crypto volumes, making it a lucrative market for Paxful. Its decision to move out of the market could be inspired by the sanctions imposed by the US. Paxful users now have 30 days to withdraw their funds without any charges. Other users, who have completed address verification and have confirmed that they are living outside of Venezuela can continue trading on the platform.…

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CFTC charges 20 ‘crypto companies’ over false registration claims

U.S government agency, CFTC or the Commodity Futures Trading Commission, today charged 20 entities, among which some were crypto traders and exchanges,  for making false claims of having CFTC registration and National Futures Association (NFA) membership. These are mandatory registrations that allow exchanges to offer services related to trading in digital assets, derivatives, and forex in the U.S.  Out of the 20 entities, 10 firms allegedly claimed on their websites that they were registered with the CFTC. Per the report, these so-called exchanges had never been registered with the CFTC or the NFA in any capacity.   The report named the…

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DeFi explosion: Uniswap surpasses Coinbase Pro in daily volume

The volume of Uniswap has surpassed the daily volume of Coinbase Pro after the demand for DeFi has exploded. Uniswap, the most widely-used decentralized exchange (DEX) on Ethereum, surpassed Coinbase in daily volume on Aug 30. The explosive growth of the Decentralized Finance (DeFi) market has pushed many avid investors to DEXes over centralized exchanges. The volume of Uniswap in the last 24 hours. Source: Uniswap According to the data from Uniswap, the platform processed $426 million in 24-hour volume. In the same period, Coinbase Pro saw $349 million in volume, according to CoinMarketCap data. Why is the popularity of…

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Bitcoin Price Briefly Crashes to $11.2K After US Jobs Data Disappoints

The price of Bitcoin briefly crashed to $11,219 on Bitstamp after disappointing job data hit markets. The price of Bitcoin (BTC) dropped to $11,219 on Bitstamp on Aug.7 after the U.S. stock market declined. BTC recovered quickly from the brief crash, stabilizing at above $11,600.The price of Bitcoin drops steeply on Bitstamp. Source: TradingView.comThe release of new job data caused the U.S. stock market to slump in mid-day. Nonfarm payrolls rose by 1.763 million in July, surpassing Wall Street expectations by 10.6%.Despite the optimistic job data, analysts are seemingly concerned that the job market is not growing fast enough. Since…

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Are You Looking to Find a Safe Exchange?

What is the hype all about? Bitcoin has expanded over the years and its popularity is still increasing. Are you wondering why people are so interested in Bitcoin and what the benefits are? Some major benefits include: low transaction fees, no third party, and anonymity. Unlike other payment modes such as debit or credit cards that have high transaction fees, Bitcoin transfers have low and affordable fees. Transactions in the crypto space are based on a peer-to-peer mode and do not involve any third party.  This, in its own, comes with numerous benefits. Bitcoin Exchange Options There are so many…

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