Tag Archives: NEWS

12 Out of 14 Korean Crypto Exchanges Pass KBA-Led Inspection

Although the self-regulatory assessment of South Korean Crypto exchanges has been accomplished, only 14 out of 23 exchanges took part in the exercise. 12 out of the 14 participants met the self-regulatory standards. This is in spite of security flaws, forcing many to question the effectiveness of the inspection. KBA Says 12 Exchanges Are Ok […]

Crypto.com Launches Crypto-Supported Visa Card

Hong Kong-based Crypto.com, previously known as Monaco has officially announced the launch of its Cryptocurrency supported MCO visa card. The company purchased the domain name a few days ago for an undisclosed amount of money. The announcement of the new card was made at TechCrunch. MCO Visa Finally Out Crypto.com has launched its new Crypto-supported […]

Canada’s Coinsquare Exchange To Enter The Japanese Crypto Market

Coinsquare, a Canadian Crypto exchange has said that it is about to enter the Japanese market and is waiting for approval by the financial regulator in the country. The exchange will use the Dlta21x brand to enter the market. Although the exchange will first concentrate on the Japanese market, plans are underway to expand to […]

A BCH Backed Version Of Patreon To Be Launched Soon

  • By Samantha Mitchell
  • July 12, 2018
  • 160 Views
  • 1 Comment
A few days ago, a team of programmers came together and announced the launch of a ‘Bitreon.cash,’ a system that resembles a popularly known membership app called Patreon. This platform, however, will be different in that it will support Bitcoin Cash (BCH) payment and block censorship. Although the developers are targeting to raise 100 BCH, […]

South Korean Government Blamed For Not Doing Enough To Control Crypto Exchange Hacks

The South Korean government is not doing enough to fight Cryptocurrency exchange hacks in the country according to some critics. Three exchanges that had already gone through the government’s inspection have so far lost almost $1 billion to hackers. Meanwhile, Upbit, one of the largest exchanges in the country has dismissed rumors that its system […]

Unlicensed Localbitcoins Trader To Spend 12 Months In Prison

A Southern California court has sentenced a Localbitcoin trader for unlicensed money transfer and money laundering. The U.S. Department of Justice has established that the trader exchanged between $6 million and $9.5 million for various clients in the country. The trader has been identified as Bitcoin Maven and she will spend one year in prison. […]

Blockchain Hack: Theft from Bancor Hacking Confirmed as $23.5 million

Bancor, a Tel Aviv-Israel based Blockchain startup firm has lost $23.5 million according to the latest reports. The information from the management reveals that the hackers inputted a malicious code in one of the wallets and were able to withdraw 229,356,645 PundiX (NPXS) tokens worth $1 million, 3,200,000 Bancor (BNT) tokens worth $10 million and […]

Japan’s GMO Internet Uses 7nm Rigs to Enhance Its Own Bitcoin Mining

Japan’s Internet giant GMO ventured in bitcoin mining in December last year and has released its mining report. During the mining exercise, the company used the 7nm rigs. GMO’s spokesperson spoke to news.bitcoin.com and provided more details about the project. GMO mins both BTC and BCH GMO has released a report about its mining activity, […]

China’s War On Cryptocurrencies Leads To A Decrease In Bitcoin Trading In The Country’s Currency

  • By Samantha Mitchell
  • July 9, 2018
  • 283 Views
  • 1 Comment
The central bank of China has reported a drop in Bitcoin trading in Renminbi (RMB) to below one percent of the global total. In 2017, the People’s Republic of China banned yuan-Crypto trade. Consequently, many Chinese Crypto businesses, among them some of the world’s top trading platforms ceased their operations in the country. The People’s […]

Special Account For Crypto Businesses By A German Bank

  • By Samantha Mitchell
  • July 9, 2018
  • 279 Views
  • 1 Comment
Solarisbank has launched a new banking service that will target blockchain and digital currency users. The Banking-as-a-Platform (BaaP) center has named the new feature the ‘Blockchain Factory.’ The Berlin-based institute will provide financial management services to businesses that employ Cryptocurrency solutions and blockchain. Cryptocurrency And Blockchain Firms To Now Have Special Accounts Although Cryptocurrencies have […]
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