Crypto News From the Spanish-Speaking World: Nov. 10–16 in Review

Cointelegraph en Español presents a weekly digest of selected cryptocurrency- and blockchain-related news from the Spanish-speaking world. In this week’s news from the Spanish-speaking world, a Venezuelan official claims that all currencies will be replaced by cryptocurrencies, the Argentinian chief of the Banking Association criticizes fintech and crypto, and Spain offers prepaid visa card to teenagers that they can reload with crypto. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. “Currencies will be replaced by crypto,” says Venezuelan official…

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Presidential Hopeful Andrew Yang Plans to Regulate Crypto Industry

U.S. Democratic presidential candidate Andrew Yang thinks cryptocurrencies experience fraud due to lack of regulations and plans to tackle the issue. Democratic 2020 presidential candidate Andrew Yang has outlined how he plans to regulate the cryptocurrency industry. Promise to promote legislation on cryptocurrencies On Nov. 14, Yang, an entrepreneur, lawyer, philanthropist and a Democratic candidate in the 2020 United States presidential election, wrote in a Nov. 14 blog post on the tech industry that cryptocurrencies experience the levels of fraud that they do because of lack of adequate regulations. He…

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Bitcoin Traders Are Finding Creative Ways to Avoid KYC

Cryptocurrency traders on Bisq are using Revolut to buy and sell bitcoin without the need for KYC/AML. The decentralized, peer-to-peer marketplace allows anyone to buy or sell cryptocurrency via a range of payment processors and traditional banking services. With Localbitcoins now a twisted nightmare of KYC, privacy-conscious traders have few platforms to which they can turn. But in Bisq, they appear to have found a solution of sorts. Also read: The Bank of Google Wants Your Spending Data Trading Bitcoin Without the Awkward Questions Unlike services such as Localbitcoins or…

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German Regulator Flags Crypto Broker for Operating Without License

German regulator federal financial supervisory authority issued a warning against Bulgarian cryptocurrency broker 5 Capital. German regulator federal financial supervisory authority (BaFin) issued a warning against Bulgarian cryptocurrency broker 5 Capital on Nov. 11. The regulator has barred 5 Capital from operating in the country since the firm illegally offered Contracts for Difference (CFDs) designed to expose clients to the price movements of cryptocurrencies. Operating without license The regulator found that the company provided the service without the necessary license. Per the announcement, the broker is based out of Sofia,…

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Bitcoin Cash Community Funds Eatbch Trip to Ghana

This week members of the Bitcoin Cash (BCH) community donated funds to Eatbch South Sudan volunteer Thiong Deng so he could spread the word about the benefits of BCH at the Young African Leaders Summit. According to Deng, his journey to Uganda and Ghana has been fully funded which includes flight, hotel, visa costs, and a ticket to the event. Also Read: The Bank of Google Wants Your Spending Data Eatbch South Sudan Volunteer Heads to the Young African Leaders Summit Eatbch is easily recognized as the Bitcoin Cash community’s…

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Crypto News From Japan: Nov. 11–17 in Review

In this week’s news from Cointelegraph Japan, a new association promoting crypto assets in antiquing was born and a well-known trader was arrested. In this week’s selected cryptocurrency and blockchain-related news from Japan, a new association promoting crypto assets in antiquing was born, a well-known cryptocurrency trader was arrested and the Kyoto University started participating in the XRP ledger. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan. Crypto Antiquing Association Launches On Nov. 11, Cointelegraph Japan reported that the Crypto…

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IRS Criminal Investigators Looking Into Bitcoin ATMs and Kiosks

Internal Revenue Service Criminal Investigation Chief John Fort said that the regulator is looking into potential tax issues caused by Bitcoin ATMs and kiosks. United States Internal Revenue Service (IRS) Criminal Investigation Chief John Fort said that the regulator is looking into potential tax issues caused by Bitcoin (BTC) ATMs and kiosks. According to Bloomberg Law on Nov. 15, Fort said that the IRS is collaborating with law enforcement to investigate illicit uses of new technologies like cryptocurrencies, stating: “We’re looking at those, and the ones that may or may…

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ConsenSys CSO Seeks to Raise $50M for New Blockchain Investment Fund

ConsenSys CSO Sam Cassatt is launching a new blockchain-oriented investment firm, Aligned Capital. An executive at the Ethereum blockchain firm ConsenSys is launching a new blockchain-oriented investment firm, Aligned Capital. Sam Cassatt, the chief strategy officer (CSO) at ConsenSys, announced that the firm will be seeking to raise $50 million for its first fund in an announcement on Nov. 15. Cassatt, who has been at the firm for five years, will continue to serve as an advisor to ConsenSys while working full-time as a founding managing partner at Aligned Capital.…

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The Bank of Google Wants Your Spending Data

The multinational technology giant Google has plans to get into the banking industry according to multiple reports that reveal the firm intends to work with Stanford Federal Credit Union and Citigroup. However, analysts assert that Google is not jumping into banking for revenue purposes and the move is simply an acquisition of more customer data. Also Read: Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto Google Bank One of the ‘Big Four’ technology companies, Google LLC, plans to launch checking accounts through a partnership with…

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Proof-of-Authority Algorithm Use Cases Grow: From Pharma to Games

Forgoing crypto’s main principles, proof-of-authority is used by world giants and tech companies for better efficiency and scalability. While the proof-of-authority consensus algorithm is turning into perhaps one of the most mature versions of blockchain technology. It is faster than other algorithms, more scalable, and does not depend on mining. Market leaders Walmart and GE Aviation are using PoA to track supply chains, and Microsoft has created a whole line of PoA-based enterprise products. Nevertheless, there is something in this innovative mechanism that contradicts the basic principles of cryptocurrencies —…

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