#Bitcoin News

Hong Kong Cryptocurrency Exchanges to Receive new Regulations

November 6, 2019 by Anthonia Isichei at Bitcoin

The regulatory watchdog in Hong Kong is set to release clear regulations regarding cryptocurrency exchanges in the country. According to a report by Reuters on November 6, 2019, the new set of crypto regulations will center on areas such as know-your-customer (KYC), anti-money laundering, and custody rules. SFC Set to...

Chinese Government Backtracks on Proposal to Ban Crypto Mining

November 6, 2019 by Ashwath Balakrishnan at Bitcoin

China has reversed their stance on cryptocurrency mining within the country, leaving the door open for increased clarity and competition. The Chinese government had previously included "virtual currency mining" on the list of banned items in the Catalogue of Industrial Restructuring Guidelines that will be enforced from January 1, 2020....

Why is the Price of Bitcoin And Cryptocurrency Crashing

Positive Regulation Hasn’t Yielded Positive Outcomes for Hong Kong’s Crypto Funds

November 6, 2019 by Ashwath Balakrishnan at Bitcoin

Hong Kong announced a progressive policy implementation last year that would allow fund managers to invest in crypto assets. This hasn't produced expected results as only one fund has been confirmed to have cleared the regulatory hurdles set by the Securities and Futures Commission (SFC). According to Reuters, several funds...

Novogratz Employs a More Realistic Viewpoint, But Future Outlook Remains Upbeat

November 6, 2019 by Ashwath Balakrishnan at Bitcoin

Michael Novogratz, the founder of Galaxy Digital and former global macro hedge fund manager for Fortress Group, has admitted that the exuberance in crypto got the best of him, and he is factoring in a more realistic outlook on the market. He remains positive on the potential of cryptocurrency and...

A coin looking pretty stable on some rocks

Euro Regulators Urge Central Bank to Issue Regulated Digital Currency as Stablecoin Threat Looms

November 6, 2019 by Ashwath Balakrishnan at Bitcoin

Regulators in Europe have called on the European Central Bank (ECB) to explore the feasibility of launching a digital currency for the bloc. Supranational agencies and governments, alike, have labeled stablecoins - especially Libra - a potential menace to financial stability. As per documents seen by Reuters, the proposed draft...

Huobi bitcoin put on ice United States Flag

Huobi Global Crypto Exchange to Freeze All U.S. Accounts on November 13

November 5, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Huobi Global, a leading cryptocurrency exchange with a presence in numerous jurisdictions across the globe, has announced plans to freeze the accounts of all United States users on November 13, 2019, due to regulatory uncertainties. U.S. traders are advised to withdraw their funds before that date, according to a blog...

A Return to Sound Money is the Major Threat to Bitcoin, Says Peter Schiff

November 5, 2019 by Edoardo Vecchio at Bitcoin

During his most recent appearance on Kitco, Max Keiser suggested that if the Chinese national cryptocurrency should be backed by gold, then this would be a massive blow against the USD and very bullish for Bitcoin. The well-known gold supporter Peter Schiff on the contrary claims that if this were...

Forensic Researchers Claim a Single Whale Caused the 2017 Bitcoin (BTC) Spike

November 5, 2019 by Ashwath Balakrishnan at Bitcoin

John Griffin and Amin Shams, two well-known forensic researchers, have built on their previous research which accused Tether (USDT) of single-handedly causing the 2017 bitcoin rally. According to research shared with Bloomberg, the two have found that when BTC decreased in a certain increment on Bitfinex, one single whale exerted...

Bittrex Exchange sued for Alleged Involvement in $1M Bitcoin Theft

November 5, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Gregg Bennett, a Seattle-based angel investor and bitcoin ‘hodler’ has dragged Bittrex cryptocurrency exchange to court for allegedly aiding a SIM swap attack that allowed hackers to steal his 100 BTC ($923,700). Bennet alleges that he exchange failed to promptly take action when it was first notified of the hack,...

DX.Exchange to Shut Down; Seeks Acquisition or Merger

November 4, 2019 by Aisshwarya Tiwari at Bitcoin

U.K.-based cryptocurrency exchange DX.Exchange on November 3, 2019, announced that it has decided to temporarily close its operations. The exchange’s decision to shut shop comes at a time when it is pursuing a merger or outright sale of the company due to financial crunch. DX.Exchange Decides to Call it Quits...

Pages: 1 2 3 4 5 6 7 8»