News 

That painful exchange between a Trump judicial pick and a GOP senator, annotated

“I understand the challenge that would be ahead of me if I were fortunate enough to become a district court judge” reports washingtonpost.com. PETERSEN: I’ve heard of it, but I, again — KENNEDY: Y’all see that a lot in federal court.The point: That Petersen doesn’t know things a federal judge ought to.KENNEDY: Have you ever argued a motion in federal court?. Petersen is a commissioner with the Federal Election Commission, and Kennedy, a practicing lawyer by trade, clearly doesn’t think that’s terribly applicable to being a federal judge. Source: washingtonpost.com Share This:

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Crypto Markets News 

Ripple Overtakes Bitcoin Cash to Become the Third Largest Cryptocurrency

“Any cryptocurrency with a strong base within the South Korean cryptocurrency exchange market tend to surge or decline in large margins, as seen in the case of Ripple, Monero, and Bitcoin Cash” writes unknown author for cryptocoinsnews.com. At the time of reporting, South Korea’s largest cryptocurrency exchange Bithumb accounts for more than 31 percent of global Ripple trades.The South Korean cryptocurrency exchange market and the vast majority of investors within it tend to be moved by FOMO, or fear of missing out.Ripple has overtaken Bitcoin Cash to become the third…

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Crypto News 

Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

“A cheer went up in the San Francisco offices of cryptocurrency exchange Coinbase Inc. when bitcoin breached $10,000 in November” writes Lily Katz Rob for bloomberg.com. Three traders who lost money margin-trading on GDAX told Bloomberg they didn’t meet the requirement.More than 10 million customers have used the company since it began, though it recently quit updating the tally on its website.Making Sense of Bitcoin and Its Wild Price Ride: QuickTake Q&A While individual investors make up most of Coinbase’s customers, a handful of institutions drive a majority of trading…

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Crypto Markets News 

Bitcoin Trading Thrives Wherever Regulators Crack Down Most

“Bitcoin trading expanded faster this year in emerging markets than developed ones — and quickest of all in places where authorities tried to crack down” writes unknown author for bloomberg.com. Cryptocurrencies don’t rely on central banks or financial institutions and are traded on online exchanges and transferred anywhere in the world, allowing holders to skirt currency controls.While not all central banks in emerging markets addressed cryptocurrency markets with regulations, several have issued warnings.Bitcoin’s creators also set a limit to the amount of currency that could be created to avoid the…

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Crypto News 

Philippine Central Bank ‘Reviewing’ 12 Bitcoin Exchange Applications

“The Philippine central bank is reportedly reviewing 12 applications for bitcoin exchange registrations” writes unknown author for cryptocoinsnews.com. It remains to be seen if the applicants receive licenses at a time when the central bank is looking to regulate the bitcoin exchange industry, which the authority claims is open to misuse.After issuing regulatory guidelines for bitcoin exchanges in February this year, the Bangko Sentral ng Pilipinas (BSP), Philippines’’ central bank, is now evaluating 12 separate applicants vying to register and legally operate cryptocurrency exchanges in the country, Reuters reports.One of…

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News 

7 reasons to avoid the ‘Secret Sister’ gift exchange scam

“More: Beware these three Facebook scams The scam is targeted to women and goes mainly like this: “The Secret Sister gift exchange is back!” writes unknown author for thedailyjournal.com. So, the next time someone sends you a Secret Sister gift exchange request, just ignore it.A new example of holiday fraud is making the rounds: the “Secret Sister” gift exchange.You could be the victim of identity theft if you participate in a Secret Sister gift exchange.The first Secret Sister gift exchanges started circulating on Facebook around October 2015, according to Snopes.com. Source:…

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Crypto News 

South Korea considers cryptocurrency tax as regulators grapple with ‘speculative mania’

“To be eligible, exchanges in South Korea will need to uphold investor protection rules and disclose all bid and offer quotes” reports businessinsider.sg. SEOUL – South Korea said on Wednesday it may tax capital gains from cryptocurrency trading as global regulators worried about a bubble, with Australia’s central bank chief warning of a ‘speculative mania” that has seen the digital asset making rip-roaring gains.The world’s biggest and best known cryptocurrency, bitcoin, surged past $17,000 to new all-time highs this week, marking an almost dizzying 20-fold rise this year and feeding…

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Crypto Futures Markets News 

The first bitcoin futures depend on trading at the Winklevoss twins’ tiny exchange — and that could be a problem

“Ranked fourteenth globally by 24-hour trading volumes, the exchange sees only 1.4% of trading in the entire bitcoin market, according to data from CoinMarketCap” reports businessinsider.com. Nasdaq’s bitcoin futures contract will track 50 indexes, whereas CME Group, Cboe’s cross-town rival, is set to track four.Cboe’s futures will be based on the auction price of bitcoin on the Gemini exchange.All eyes will be on Cboe Global Markets on Sunday when it launches futures contracts for bitcoin.”The Gemini Exchange, while being a solid US-based exchange, makes up a very small percentage of…

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Crypto News 

Alleged Bitcoin Launderer and BTC-E Admin Likely to Stand Trial in U.S.

“BTC-e, the bitcoin exchange Vinnik allegedly ran, was seized by authorities at the time of his arrest” writes unknown author for cryptocoinsnews.com. Alleged bitcoin launderer and BTC-e administrator Alexander Vinnik is likely to stand trial in the U.S. after a Greek court denied his appeal against the extradition order.Vinnik, 38, is wanted in the U.S. for allegedly laundering more than $4 billion in bitcoins, including funds stolen from the now-defunct bitcoin exchange Mt. Greece’s justice minister will make the final extradition decision, but the Supreme Court’s ruling does not bode…

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Markets News Stocks 

Ailing LCG to delist from London Stock Exchange? Company prepares to list on NEX Growth Market

“Today, the company has announced its intention to list its stock on the NEX Growth Market” reports financefeeds.com. The vast majority of the company’s senior management subsequently left the firm.LCG hired former ACFX management as yet more LCG officials leave In April last year, one source very close to the matter explained to FinanceFeeds “LCG has recently hired the management that lead ACFX to bankruptcy.In early 2013, several companies examined the possibility of purchasing the company, however GAIN Capital and Cantor Fitzgerald (Europe) soon dropped their interest. Source: financefeeds.com Share This:

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