Month: February 2018

US Lawmakers Eye National Crypto Regulation

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Gun control? Russia? Health care? Members of the US House of Representatives and Senate in both parties tend to differ, and often vehemently. Similar to issues of national security and war, however, it appears cryptocurrency regulation is decidedly less divisive. Both traditionally pro-market Republicans and open-minded Democrats are producing bipartisan rhetoric in support of federal legislation to tame the crypto revolution.   Also read: Switzerland Enacts ICO Guidelines Crypto Regulation Rhetoric Is Bipartisan Senator Chris Van Hollen, Democrat, walked a tight rhetorical line on the burgeoning cryptocurrency phenomenon, saying, “The goal…

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PR: Smart Contract Platform Fabric Token Raises More Than $1 Million in Less Than a Day After ICO Open

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Fabric Token (FT), a New Token Developed on Ethereum, Aims to Provide a Way for Anyone to Create and Deploy Their Very Own Smart Contracts or Decentralized Applications (DAPPs). The FABRIC TOKEN ECOSYSTEM, a platform, which will allow users to generate smart contracts and DApps,…

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World’s Most Miserable Country to Launch Its Own Cryptocurrency Today

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Nicolás Maduro Moros

Venezuela’s state-backed cryptocurrency, Petro, is about to hit the market. Amidst an extreme economic crisis in the South American country, however, there is little reason to expect anything other than failure. State-Issued Crypto Amidst a Crumbling Economy Today, Venezuela is scheduled to launch the world’s first ever state-backed cryptocurrency with its new oil-backed Petro token, which many are construing as a desperate cash grab by a corrupt government amid an ever-worsening economic meltdown. Called Petro, each digital token — according to Venezuelan President Nicolas Maduro — will be backed by…

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Israeli Bitcoin Company Sues Banks for Not Letting it Open Accounts

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An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations. Also Read: Israel Tax Authority: Bitcoin is Property, Not Currency Banking Cartel Bitflash LTD, a new Israeli company which was established to provide digital currency trading services based in Acre, has asked the Tel Aviv District Court on Sunday to order all…

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Markets Update: Bullish Sentiment Returns to Crypto Markets

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Cryptocurrency markets have been accumulating gains again after the significant dips in value during the first two months of 2018. BTC/USD prices are holding steady above the $11,450 price range after bouncing off the $5,900 bottom not too long ago. Digital asset enthusiasts speculate the market is starting to show strong bullish sentiment once again. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media The Steady Uptrend Back to Higher Price Regions Over the past twenty days, BTC/USD markets have been on a tear once again as markets…

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South Korea to ‘Support’ And ‘Encourage’ Crypto Transactions – Regulator Chief

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South Korea will “encourage” banks to interact with cryptocurrency exchanges, regulators have said in a surprising development in the country’s narrative. Choe: We Want ‘Normal’ Transactions As local news media outlet Yonhap News Agency reports Tuesday, Choe Heung-sik, governor of the Financial Supervisory Service, has announced government organs will “support” all legitimate transactions in the cryptocurrency trading space. The comments were delivered during a meeting which included representatives from South Korea’s exchange industry. The emphasis appeared to be on legal versus illegal transactions, with the promise of support “if normal…

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”Zen Master” Steven Seagal Eyes Up a Replacement for Bitcoin

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Steven Seagal is eyeing up a cryptocurrency to replace bitcoin. Bitcoiin – count those I’s – may look and sound similar to bitcoin, but is very different. It runs on the Ethereum network, confusingly, and boasts “zen master” Steven Seagal as its brand ambassador. To add to the confusion, Bitcoiin with two I’s sports a website that’s one letter away from this one and styled in the same colors. The whole affair could be dismissed as another crypto joke, were it not for a tweet from Seagal’s official account throwing…

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Crypto Index Fund Bitwise Delivers 45% Return in First Two Months

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These days more players on Wall Street are adopting bitcoin as a new vehicle that can potentially deliver amazing growth opportunities, and traditional investors are reaping the benefits. An index fund operated by Bitwise, for example, has delivered a 45% return in its first two months. Also Read: Cryptocurrency Regulator Found Dead at His Home in South Korea Cryptocurrencies Deliver Performance Bitwise Asset Management, which operates the cryptocurrency HOLD 10 Private Index Fund, has released today interesting statistics that show its performance since the launch of the fund late last…

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Bank of England Governor: Bitcoin Has ‘Failed’ as a Currency

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On the back of Bitcoin’s recent correction and subsequent push back towards the $12K mark, long-time Bitcoin nonbeliever Mark Carney claims that the dominant cryptocurrency has failed on almost every front. Bank of England, Unsurprisingly, Doesn’t Like Bitcoin According to Bank of England Governor Mark Carney, Bitcoin has failed as both a viable currency and as a store of value — citing volatility and the lack of vendor adoption. On February 19th, Carney shared his already well-established position on the popular cyrptocurrency with students at London’s Regent’s University, stating: It…

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Bitcoin Users Hunted by Police in Bangladesh

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Law enforcement in Bangladesh is actively hunting down users of Bitcoin as the use and trading of the cryptocurrency is still illegal in that particular country. Cryptocurrency advocates have it pretty easy in Europe and North America. We worry about exchange rates, whether to sell off or hodl, and the ongoing up-and-down of crypto prices. At least we don’t have to worry about the police knocking on our door just for engaging in cryptocurrency. Such is not the case in Bangladesh where the police are hunting Bitcoin users. Bangladesh Bank…

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