Tag: cryptocurrency news

While the Vietnamese crypto space has remained somewhat vibrant in recent times despite the warnings and efforts of the governments to crush the local digital currency industry, it appears the situation is about to get even worse for crypto investors in the region as authorities have proposed to ban the importation of bitcoin mining machines into the Asian nation. Miners…

READ MORE

Apple has recently revised its App Store guidelines and provided new rules concerning cryptocurrency apps. According to TechCrunch, a number of Apple developers recently worked together to form a group called “The Developers Union.” The Union requested Apple to offer free trial versions of their apps. It’s one of the first instances independent iOS app developers have pushed back at…

READ MORE

The regulatory wars continue. The eighth largest crypto exchange in the world by traded volume, HitBTC, has barred Japanese citizens from using its platform citing regulatory issues. Goodbye Japan According to a blog post by the firm on June 3, 2018, the HitBTC team has made it clear its effort towards getting approved by the nation’s regulatory authority is yet…

READ MORE

Marc O’Brien, the former CEO of Visa in the United Kingdom and Ireland, has recently joined a new cryptocurrency startup, which aims to make crypto transactions a routine habit for its spenders. Crypto-Startups Realise The Value of Experience The startup, Crypterium, was founded by a group of young entrepreneurs who aim to make the process of making payments via cryptocurrency…

READ MORE

Everyone who knows anything about cryptocurrencies knows one thing for sure; its value is highly volatile. This infamous reason is one of the biggest qualms toward why masses are hesitant of investing. Mood Swings Lead to Value Swings What many try to understand but fail is the reason behind the massive volatility. However, studies conducted at Warwick Business School (WBS)…

READ MORE

A small-time Moscow bank that boasts of President Nicolas Maduro as their largest shareholder, along with two Russian companies, is the new ‘it’ thing for investors that aim at investing in Venezuela’s new cryptocurrency ‘petro.’ Getting Around U.S. Laws The Moscow-based bank, called Evrofinance Mosnarbank, has made a name for itself in the international financial market as being the first…

READ MORE

The president and executives at HTS, a cryptocurrency exchange based in South Korea, were arrested this week for manipulating user funds and illegally reallocating the company’s holdings in cryptocurrencies like bitcoin and ether to the personal accounts of executives according to Korean publication TokenPost. Illegal Transfer of User Funds The police department of Southern Seoul and local financial authorities led…

READ MORE

Two South Korean individuals, whose names remain anonymous, were arrested this week for running a $30 million cryptocurrency Ponzi scheme in Busan, the second largest city in South Korea behind Seoul. Ponzi Schemes Have Become a Major Issue Over the past nine months, the two individuals established an office in Busan without the approval of local authorities and received more…

READ MORE

After 2018’s bearish Q1 for the cryptocurrency market, Q2 is marked with positive news, increased adoption, institutional investing, and a generally bullish sentiment. Taking this trend further is a former Federal Reserve executive, who is certain about cryptocurrencies being adopted by central banks in the near future, providing customers and businesses with a fast, anonymous, and convenient payment tool. Currently,…

READ MORE

While U.S. government bodies have largely been skeptical regarding cryptocurrencies, they do see the critical role blockchain technology could play in the way they operate. Postal Service Blockchain Patent Proposal The United States Postal Service (USPS) is the latest government body looking to embrace the innovation underpinning Bitcoin. The national mailing service is currently considering utilizing a blockchain to help…

READ MORE