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FinCEN Takes First Enforcement Action Against Peer-to-Peer Cryptocurrency Exchanger
In an apparent first, the United States Financial Crimes Enforcement Network (FinCEN) has given a penalty to a California resident who has been accused of wilfully violating money transmission laws as a peer-to-peer virtual currency exchanger. The department noted that the move marks its first such enforcement action, thus setting a precedent. The defendant — Eric Powers of Kern County, California — has been fined $35,000 and debarred from future work that qualifies as a money services business. The fine came from the determination that Powers violated his reporting obligations under the U.S. Bank Secrecy Act.
Self-Proclaimed Satoshi, Craig Wright, Sues Podcaster Peter McCormack for Alleged Libel
Craig Wright, the chief scientist at nChain and founder of bitcoin SV (BSV), filed a libel claim in the United Kingdom against cryptocurrency podcaster Peter McCormack. McCormack had previously accused Wright of fraud and falsely claiming to be Satoshi Nakamoto, the creator of bitcoin (BTC). In response, Wright’s claim allegedly requests over $130,000 in damages, as well as legal costs and court fees. Earlier this week, Binance, ShapeShift and Kraken decided to delist BSV amid Wright’s continued claims to be Satoshi, as well as his bounty offering in the search for the identity of the anonymous Twitter user behind the Lightning Torch.
French Gov’t Minister Open to Enabling Crypto Donations for Notre Dame
Cédric O, France’s Minister of State for the Digital Sector, said this week that he is open to accepting cryptocurrency donations for the reconstruction of the Notre Dame Cathedral, which experienced a debilitating fire last week. The donations for the medieval cathedral’s reconstruction have already reached over $1 billion, while not yet allowing for donations in crypto. The official fundraising site is linked to four approved organizations, with Cédric O noting that the government is open to discussion on how to accept crypto to drive up the fundraising.
Both BlockShow, an international blockchain event powered by Cointelegraph, and major crypto exchange Binance have launched crypto donation campaigns for the renovations.
Forbes Releases List of Billion Dollar Companies Using Blockchain
Financial news outlet Forbes released their “Blockchain’s Billion Dollar Babies,” a list of companies implementing blockchain technology that have minimum revenues or valuations of $1 billion. The list includes both companies in the crypto and blockchain development spaces, as well as larger companies in the traditional markets, such as banks and clearing houses, food companies and supply chain management firms. The list contains such household names as Amazon, Walmart, Facebook, ING, Mastercard, Microsoft and Nestle, as well as U.S.-based cryptocurrency exchange Coinbase, European mining and hardware firm Bitfury, and blockchain-based financial services network and XRP token creator Ripple.
Nestlé, Carrefour Work With IBM to Track Mashed Potato Brand With Blockchain
Switzerland-based food giant Nestlé, French supermarket chain Carrefour and IBM have partnered in order to use IBM’s blockchain tech to track French instant mashed potatoes. Shoppers will be able to use their smartphones in Carrefour stores to scan the packs of Mousline instant mashed potatoes with a QR code and be able to see data on the potatoes, including the varieties of potatoes used, the date and place of manufacture, and their journey to the store. In general, around 5 million different food items already employ blockchain in their supply chain in some form.
Over the years, many platforms and trading exchanges offering Bitcoin transactional services have appeared. But now you can buy Bitcoin at retail stores, meaning that you can buy Bitcoin at Walmart.. Here is our guide that will show you how to purchase BTC while at Walmart, one of the biggest chains of stores in the world.. First Step: Setup a Bitcoin Wallet Walmart, on the other hand, has been relatively low key though it has other patents to be able to listen in on co-workers and shoppers. Walmart brings in far less controversy. Almost everything that Facebook does is certain to draw controversy. Walmart Coin isn’t a threat to Bitcoin and the Altcoins Who accepts Bitcoin when you buy clothes and shoes? The list of partners is pretty large (Walmart, Jet, Groupon, Overstock, Godaddy, Macy’s, CVS, etc). Lolli affiliate stores. Gyft is a gift website where you can buy a gift for Bitcoins. Nafa is an online store from India that sells online gift cards for popular merchants such as Flipkart, Bookmyshow, PVRCinemas. You can buy all these store ... Who Accepts Bitcoin as Payment? By: Ofir Beigel Last updated: 10/27/20. Bitcoin has taken over the cryptocurrency market. It’s the largest and most well-known digital currency today. Many large companies are accepting Bitcoin as a legitimate source of funds. This post will cover them all. Who Accepts Bitcoin Summary How to buy Bitcoin on Binance exchange with a credit card. The first easy step is to register with Binance exchange ; Fill all the details, your email, password, and signup for Binance exchange. The second step is to access the Binance exchange credit card page; Go to the “Funds” section of the Binance exchange toolbar and select the “Buy by credit card” option. Select Bitcoin as the ... Apart from Bitcoin, the department store also accepts Dash, Ethereum, Litecion (LTC) and Bitcoin Cash (BCH). Venezuela’s Financial Catastrophe The country has undoubtedly failed to maintain its control over its financial sovereignty with fiat as the International Monetary Fund projects that the local inflation rate will hit 1 million percent by the end of 2018. Bitcoin could benefit Canadian Walmart stores, as the retail titan has dropped support for Visa cards in all Canadian locations.
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