US FinCEN to Roll Out New Cryptocurrency Requirements – February 13

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$10,173

Bitcoin price bounced off 4-month highs today around the $10,500 mark, before retreating to the low $10,000s.

Top-20 altcoins performed well until meeting resistance, with Ethereum finishing the day down less than 1%, while XRP gained almost 3%. The biggest mover was Stellar, gaining almost 4% for the day.

Top Stories for February 13, 2020 🔥

👉 US FinCEN to Roll Out New Cryptocurrency Requirements

The US Financial Crimes Enforcement Network (FinCEN) will release new requirements for cryptocurrencies, according to US Treasury Secretary Steven Mnuchin.

The effort will assist the government in overseeing cryptocurrency transactions, to prevent money laundering activity.

👉 Coinbase Pro Launches Margin Trading

Coinbase Pro launched margin trading today, for eligible individuals in 23 US States. Institutional customers in 43 States and 9 other countries also qualify for the new feature.

Currently the service only enables up to 3x leverage. Wider access and more types of collateral assets are planned in the near future.

👉 Samsung’s Galaxy S20 Phone Will Have Crypto Support

The new Samsung Galaxy S20 will support cryptocurrency storage, according to specifications on the official website.

Although the feature was a key selling point among the last generation of Galaxy phones, cryptocurrency support appears to not have been widely promoted for the S20.