Author: Traderman

Digital Currency Exchange Bitfinex to Pay 75k Fine to CFTC

Hong Kong-based digital currency exchange Bitfinex (BFXNA Inc.) will be paying a $75,000 fine to the United States Commodity Futures Trading Commission (CFTC). According to the order, Bitfinex fully cooperated with CFTC investigators and submitted the 75k Offer of Settlement, which the CFTC has accepted. The order states that Bitfinex contacted the CFTC in September of last year to seek guidance on how it could structure its business to not …
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Egyptian Dentist Apprehended in Bitcoin Sting Operation in Cairo

A 30-year-old dentist has been apprehended by Egyptian authorities for conducting bitcoin-to-dollar transactions on LocalBitcoins.com, a popular digital currency trading portal. Mr. Ahmed. A. H., who was trading digital currencies on the site under the nickname btc2okpay, was captured in a sting operation setup by investigators in New Cairo, a municipality on the outskirts of the Cairo. According to today’s post on the facebook page of The Ministry of the …
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Coinbase Launches $5 Buy Widget for Developers and Bitcoin Newbies

San Francisco-based bitcoin platform Coinbase has launched a new Buy Widget that allows newcomers to digital currencies to purchase up to $5 worth of bitcoin using a debit card, without actually opening a full account. Only US-based customers are able to use the widget at this time with “limited KYC” checks. A fee of 3.75% is charged on each transaction made through the widget. The new widget has a lifetime …
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Australians Can Now Purchase Bitcoin with Cash at 1200 Newsstands

Sydney-based digital payments platform Blueshyft has partnered with Australian bitcoin exchange Bitcoin.com.au, to give consumers in Australia the ability to purchase Bitcoin with cash at over 1200 newsstands across the country. Blueshyft’s payment platform features an easily accessible iPad terminal that consumer can use to purchase the digital currency. At launch, the minimum transaction amount is set at $50 AUD, with consumers paying a 4% service fee. However, Rupert Hackett, …
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