Bitcoin and Litecoin Now Accepted at This New Jersey Italian Restaurant

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A New Jersey-based Italian restaurant is allowing customers to pay using popular cryptocurrencies – Bitcoin and Litecoin. The establishment situated in Pompton Lakes say the move could help make the business more popular among the younger generation who are most likely to embrace virtual currency payment options. Attracting a Younger Clientele With Bitcoin Monica’s Restaurant in New Jersey is the latest eatery to accept virtual currency as a payment option. According to local media outlet,Read MoreThe post Bitcoin and Litecoin Now Accepted at This New Jersey Italian Restaurant appeared first on Bitcoinist.com.

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SEC Suspends Trading of Company Making Fake Claims Relating to Cryptos

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The U.S. Securities and Exchange Commission (SEC) has suspended trading of a company who, it has emerged, has made untrue claims about its cryptocurrency usage. American Retail Group, Inc. had falsely stated that it was working with a digital asset custodian provider that had received the regulators’ blessing and that its ICO had also been...The post SEC Suspends Trading of Company Making Fake Claims Relating to Cryptos appeared first on NewsBTC.

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Ethereum Token BAT Continues Breakneck Rally, up 56% This Week

  2 hours ago

Ethereum token BAT continued its dramatic week-long ascent on Monday, bolstered by positive fundamentals related to its role in Brave’s web browser ecosystem and speculation that the cryptocurrency will soon be listed on Coinbase. BAT (short for Basic Attention Token) increased 14 percent against the dollar on Monday, briefly eclipsing $0.30 before settling down toThe post Ethereum Token BAT Continues Breakneck Rally, up 56% This Week appeared first on CCN

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Report: Cryptocurrencies Should Be Governed by Current EU Financial Laws

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The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws.The report specifies that most crypto assets are covered by the Unfair Commercial Practices Directive, which regulates unfair business practices in the European Union and requires corresponding laws to be passed that incorporate it into each member state’s legal system. However, cryptocurrencies are covered only in the sense that an entity issuing a crypto asset is labeled as a business, while the person purchasing it is a consumer. The report asks several questions about different classes (payment tokens, utility tokens and asset tokens) of digital monies to determine whether they can or should fall under present statutes. For example, does the asset in question give the owner an entitlement against the issuer? Is it transferable? Is it scarce, and how is the scarcity controlled? In terms of payment tokens like bitcoin, the report mentions that they are not presently covered by the Markets in Financial Instruments Directive (MiFID II), which is the EU legislation that regulates firms providing services to clients linked to financial instruments like stock shares and bonds. These tokens are also not covered under t...

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DigitalMint to Launch More Crypto ATMs in United States as Acceptance Increases

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The prevalence of crypto ATMs shows that interest and acceptance are definitely increasing. DigitalMint is hoping to grow this with their cash-only crypto purchasing services. After Bitcoin’s major price run last year, cryptocurrencies gained a lot of interest in the world. More and more people wanted to buy virtual currencies but were unsure how to do...The post DigitalMint to Launch More Crypto ATMs in United States as Acceptance Increases appeared first on Live Bitcoin News.

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Genesis Global’s Bitcoin Loans Hit $553M in 6 Months

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Genesis Global Trading has released a financial report for the third quarter that shows the U.S. cryptocurrency lender provided $553 million worth of digital asset loans. These were issued to corporate borrowers such as hedge funds and trading firms in the form of BTC, BCH, ETH and other cryptocurrencies.  Also read: World’s Biggest Banks Helped Clients Steal […]The post Genesis Global’s Bitcoin Loans Hit $553M in 6 Months appeared first on Bitcoin News.

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Small Crypto Mining Farm in Iceland Earns Over $10,000, Authorities Concerned About Massive Power Consumption

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Krista Hannesdóttir, a math teacher who runs a digital currency mining farm in Iceland, has revealed how she found a way to keep the scale of her operations relatively small yet still remain competitive. Hannesdóttir explained that she compensates local farmers for any extra geothermal energy they may produce - which she then uses to set up and maintain cryptocurrency mining hardware.

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The Week: Stablecoin Wars, CME Bitcoin Volumes Up 41%, BitGo Raises $53m and Fidelity

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The cryptocurrency markets calmed down after a turbulent week, Bitcoin is down 1% and Ethereum is down by 1.6%. The best performers were Basic Attention Token (55%), Qtum (24%) and recent Coinbase addition 0x (23%). Cryptoassets did not react to the very bullish news around Fidelity and BitGo, CME bitcoin futures volume increased 41% from Q2-Q3 and stablecoin competition remains fierce.

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