About Author:
1 Confirmation with Jeff and Dave
Osato is a Bitcoin enthusiast with a flair for writing. When he isn't providing unique perspectives on the current happenings in the industry, he can be found pouring over old books on history and philosophy or trying to beat his Scrabble high score.
While investors agree that the current monetary policies from central banks will spell doom for the market, there is no consensus on which asset takes primacy as a hedge against the coming uncertainties. Mark Mobius of Mobius Capital Partners recently told Bloomberg, that rising bitcoin interest will only fuel the...
Local Philippines media outlet Philstar Global is reporting that a couple of cryptocurrency exchanges have obtained authorization from the country’s central bank. This development follows similar approvals gotten by close to a dozen platforms in recent time. Several countries in Southeast Asia continue to adopt a friendly approach towards the...
BitKan, a cryptocurrency service provider, has struck a strategic partnership with Bitcoin.com. This deal comes as Bitcoin.com is also set to establish a cryptocurrency trading platform.This according to an article from Crowdfund Insider, August 11, 2019. Full-Spectrum Cryptocurrency Service Operation BitKan, the China-based crypto data firm, says the move is...
Reports from media sources in South Korea say the country’s top financial regulator plans to directly oversee the regulation of local Bitcoin exchanges, August 7, 2019. This move likely includes the creation of registration and licensing requirements for South Korean crypto bourses. Platforms in the country have in recent times...
Israeli media sources say bitcoin traders in the country are finding it difficult to pay taxes as banks continue to refuse crypto deposits, August 6, 2019. Banks in many countries refuse to accept deposits from crypto-related activities based on fears of money laundering and other illicit financial activities. Israeli Bitcoiners...
The incoming head of U.S. Commodity Futures Trading Commission (CFTC) has highlighted the importance of blockchain as an emerging technology, reports Fox Business. With commentators taking issue with the patchwork of cryptocurrency regulations in the country, the new CFTC chief assures that his department will look into crafting laws that...
Bitcoin is becoming increasingly popular in the U.S. with an observable quarterly increase in BTC sales in the country. This trend is despite a year-long bear market that characterized all of 2018. Some commentators believe more money will flow into BTC in the U.S. following the changing demographics of the...
The latest news emerging from South Korea indicates that Bitcoin exchanges are facing a surprisingly increased level of scrutiny of commercial banks amid the renewal of banking services. The revelation comes as the intergovernmental Financial Action Task Force (FATF) continues to urge countries to enact stricter regulatory controls over the...
Reports show a decrease in the outflow from BitMEX that likely signal an end to the week-long panic from users of the bitcoin exchange. Meanwhile, the Seychelles-based platform is being accused of contributing to the shrinking BTC trading volume following massive liquidation of both short and long positions. Run on...
A crypto and blockchain think tank in Kenya is advising authorities to focus on ensuring cryptocurrency adoption in the country, reports CGTN Africa, July 25, 2019. Meanwhile, there hasn’t been much progress regarding the issuance of standardized regulations for digital assets in Kenya but the central bank says the Facebook...
Changpeng Zhao (CZ) doesn’t believe Trump’s recent anti-crypto rhetoric will have an adverse effect on the industry as a whole, reports CNBC, July 23, 2019. The Binance CEO says the industry has sufficient maturity and censorship resistance to survive any government-led crackdown. Meanwhile, restrictive U.S. laws are forcing more exchanges...
A member of the British Parliament wants to probe Libra over concerns user data privacy. The news comes following similar legislative appearances before the U.S. Congress and adds to the growing negative sentiments around the project from across the globe. This according to a report from Financial News, July 22,...
Spanish law enforcement says Bitcoin ATMs enable criminals to circumvent anti-money laundering (AML) regulations according to a report by Bloomberg. This statement comes following calls from officials in Canada for crypto cash machines to be banned over money-laundering concerns. Meanwhile, the number of crypto kiosks worldwide has crossed 5,000 and...
The Japanese bitcoin exchange Bitpoint is the latest platform to fall victim to hackers, losing $32 million in cryptocurrencies according to a report by Remixpoint Inc., its parent company. Bitpoint joins other Japan-based exchanges, including Zaif and Coincheck to suffer losses due to cyberattacks. The platform could also face regulatory...
Data from Binance Research shows that the Bitcoin network has seen its highest hash rate growth over a 30-day period. This revelation reiterates the massively improving conditions within the core network fundamentals that form part of the growing bull case for the top-ranked cryptocurrency. Several commentators say bitcoin will finish...
