Category: News

Kenya To Decide On The Regulation Of Cryptocurrencies In Two Weeks

Kenya’s Treasury Secretary Henry Rotich has been requested by the parliament to investigate the current use of Cryptocurrencies in the country. The use of Cryptocurrencies has been growing in the East African country despite the lack of regulation. The secretary is expected to table a report in parliament in a few weeks and advice the […]

New Rules For Initial Coin Offering (ICOs) In Thailand

The Thai Securities and Exchange Commission (SEC) has made public the new rules and regulations for initial coin offerings (ICOs) in the country. The new rules are clear on the roles of ICO portals, issuers, and investors. The SEC will have a major role to play before and during the ICO launch in the country. […]

Chinese Crypto Exchange FCoin Behind Clog in Ethereum Network

Recently, the transactions that have gone through on the Ethereum network have increased in price. The rise in transaction fees has gone up more than three USD—from .20 to an average of $3.50 per transaction. What Caused the Rise? Not long after the rise, MyCrypto took to Twitter to place blame on one of the […]

Venezuela’s Oil-Backed Cryptocurrency to be Used in the Construction of Houses

Venezuela’s native news, Telesur has announced that the country’s oil-backed virtual currency, Petro, will be used to finance a housing project. The country’s ministry of habitat and housing has confirmed that the report that the funds will be used in the project named “La Gran Mision Vivienda Venezuela” (GMVV). Petro To Finance A Housing Project […]

No More Trading in Rupee on Zebpay Exchange

The Indian Cryptocurrency market is experiencing one of its hardest times in the wake of a recent ban by the Indian Reserve Bank (IRB) on Cryptocurrencies. One of the country’s largest Crypto exchanges, Zebpay has announced it will bar transactions in the rupee. The decision was arrived at after the Supreme Court upheld the ban […]

Bitcoin Rises above $6,500 as the Crypto Market Holds its Recent Gains

The cryptocurrency market recently saw a large jump in profits—with most companies reporting gains from 5-10% or more. This has left investors wondering if/when it will go down again—but that will not happen today. Presently, there are minor fluctuations happening across the board and Bitcoin has rose above its most recent prices, holding steadily around […]

Five Nations To Work Together In The Fight Against The Use Of Cryptocurrencies To Evade Tax

Five tax enforcement agencies from five countries have formed a united alliance, the Joint Chiefs of Global Tax Enforcement, “the J5” to fight the transnational tax. The five nations will collaborate in collecting information, sharing intelligence, and carrying out the operations together in an effort to eradicate the vice. J5 On The Hunt For Those […]

Cryptocurrencies Cause An Increase In Money Laundering

The cases of Cryptocurrency theft reported in the first half of this year are more than those reported in 2017. Criminals are using the digital money to elude authorities. The criminals are employing various tools and technologies such as mixers and privacy coins to steal money from unsuspecting victims. More Cryptocurrency Theft In The First […]

Cryptocurrency Values Shoot Upward as the Crypto Market Surges by $40 Billion in the Last 48 Hours

Here it is—that moment that all cryptocurrency investors have been waiting for. In the last 2 days alone, various cryptocurrencies have experienced extreme gains in profit. This has left the crypto market surges totaling an impressive $40 billion. Where Are the Profits Coming from? Among some of the most prominent companies in cryptocurrency, there was […]

Ripple Giving Out Its Cryptocurrency

XRP was first released in 2013 and has continued to grow to become the third most popular Altcoin by market capitalization. The currency, which is a product of a San Francisco-based company is now only behind Bitcoin and ether in the Cryptocurrency market. A recent report by The New York Times claims that although people […]
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