#Bitcoin

Wirex Acquires Coveted UK FCA e-Money License

August 24, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Ethereum, Finance, News, Regulation

Wirex Ltd., a cryptocurrency-fiat payments platform, has become just the third ever crypto-enabled firm in the world to be granted the prestigious UK FCA license. According to an official post on its website, the company was awarded the UK FCA license on August 21, 2018. Taking Formal Steps Forward This...

Sim-Swapping, Bitcoin Swiping 19-Year-Old Snags Luxury Car

August 24, 2018 by Eric Czuleger at Altcoins, Bitcoin, Crime, News

On August 17th police arrested 19-year-old Xzavyer Narvaez on seven counts of computer crime. These included identity fraud and grand theft. The hacker was accused of hijacking phone numbers to steal large amounts of cryptocurrency successfully. Attacks like this are a part of an emerging type of fraud called sim...

Seoul Calls for “Extraordinary” Legislative Session to Talk ICOs, Cryptocurrencies and Blockchain

August 24, 2018 by Aisshwarya Tiwari at Bitcoin, Blockchain, Development, Investment, News, Regulation, Tech

In an attempt to establish clarity about cryptocurrency and ICO regulations in the country, South Korea has called for an extraordinary National Assembly session to discuss the emerging crypto and blockchain industry. The meeting commenced on August 21, 2018, with an aim to develop a cohesive crypto and blockchain infrastructure...

Revolut Launches “Metal” Cards, Provides Cash Backs in Cryptocurrencies

August 24, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News

Revolut has launched a metal-built ATM card that offers cash back to users utilizing cryptocurrencies for payments, reported Hard Fork on August 22, 2018. Revolut’s Cryptocurrency Push Widespread cryptocurrency adoption entails sufficient retail outlets, incentives, and payment systems that complement the myriad of digital currencies in the market. Playing its...

Kenyan Financial Institutions Looking to Integrate Blockchain Technology

August 24, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Several banks have adopted distributed ledger technology (DLT) across the world due to its ability to help them minimize costs and maximize profit. According to a Bloomberg report on August 22, 2018, Kenyan banks are now seeking approval from the nation’s regulators to adopt the innovation, in a bid to...

Chinese Social Media Platform WeChat Block of Crypto and DLT News Media Accounts

August 23, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, News, Regulation

Chinese instant messaging app and social media platform, WeChat has barred a vast array of cryptocurrency and distributed ledger technology (DLT) startups from the platform, according to a local news source Lanjinger on August 21, 2018. Blocked Crypto Accounts Per sources close to the matter, several WeChat accounts belonging to...

US Futures Market Executives- Bitcoin ETF is Coming

SEC Rejects Three More Bitcoin ETF Applications

August 23, 2018 by Jefferson Nunn at Bitcoin, Finance, News, Regulation

After eight months of review, the US Securities and Exchange Commission (SEC) rejected the NYSE Arca’s application for two Bitcoin ETFs and the Cboe BZX Exchange’s application for a similar financial tool on August 22, 2018, further clouding the pioneer cryptocurrency’s future listing on major stock exchanges. Three Rejections for...

Bitcoin Spikes 7 Percent as BitMEX Undergoes “Scheduled Maintenance”

August 23, 2018 by Eric Czuleger at Bitcoin, Exchange, Finance, News

Bitcoin market capitalization jumped from $6,450 to $6,900 in mere moments at 9 PM EST. This coincided directly with a scheduled shutdown of the trading platform BitMEX. Down for Maintenance or Manipulation? The twitter account for BitMEX stated several times that customers were having trouble accessing their services until the...

Bitcoin and Ethereum Market Recap August 23, 2018

August 23, 2018 by Georgi Hristov at Bitcoin, Ethereum, News, Price Analysis

BTC-USD BTC successfully crossed the $6,500 resistance line on August 17 and held it over the weekend. On Monday, however, the price dropped back down to the same old $6,300 to $6,500 price corridor. It looked like the bulls were not yet ready to cross the major overhead resistance and...

Beijing-Based Bitmain Loses Its Edge, While BitMEX Rents out the World’s Most Expensive Office

August 23, 2018 by Cindy Huynh at Altcoins, Bitcoin, Business, Mining, News

Bitmain, China’s cryptocurrency mining manufacturing giant will be facing fierce competition from makers of rival cryptocurrency mining equipment. While the company eyes a landmark initial public offering (IPO), Bitmain may be in trouble as the demand for cryptocurrency mining falls and new competitors emerge in the market. Although the cryptocurrency...

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