Month: December 2018

South Korea’s top financial regulator has exclusively shared with news.Bitcoin.com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Six Crypto-Related Bills South Korea’s top financial regulator, the Financial Services Commission (FSC), exclusively shared some information with news.Bitcoin.com on Thursday about various crypto-related bills that have been submitted to the National Assembly.…

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Securities commissioners and trade experts have refused Australian blockchain startup Power Ledger a clean bill of ethical health after it emerged that the company paid rogue “bounty hunters” to shore up interest in its cryptocurrency. The project’s “powr” crypto has fallen 90 percent in value over the past year amidst bearish market conditions. Also read: Russian Bitcoin Mining Granny is Bullish on Industry’s Future Bounty Hunters Make False Claims Spruikers, sponsored creators of glowing reviews, falsely claimed that Power Ledger, a peer-to-peer electricity-trading startup, had attracted the interest of Tesla founder…

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As the Indian government deliberates over cryptocurrency regulation, positive sentiment grows among local crypto exchanges regarding their government’s eventual decision. A number of them have also added new features and improved services such as offering interest on crypto deposits, increased liquidity, and better security. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Interest on Crypto Deposits Indian cryptocurrency exchange Coindcx announced last week that its users can now earn interest on their BTC held at the exchange for 30 days or longer, stating: You can earn…

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Cryptocurrency transfers work because of the software developed by programmers like Satoshi Nakamoto and many other innovators along the way. As with all software, however, blockchain protocols are not perfect, and over the last decade black and white hat hackers have revealed many bugs. In 2018, developers earned over $878,000 in blockchain bug bounties by disclosing vulnerabilities. Moreover, two of the world’s largest digital asset networks avoided severe disruption thanks to responsible disclosure programs. Also Read: Bitbacker.io Aims to Offer a Cryptocurrency-Powered Patreon Alternative $878,000 Paid Out to Cryptocurrency Bounty Hunters…

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There is a new option on the way for Israeli companies that wish to accept orders from cryptocurrency users while they keep managing their books in fiat. A local bitcoin exchange, Bits of Gold, is launching an API service for regulated crypto payments. Also Read: Billions Living Under Authoritarian Regimes Need Bitcoin Says Human Rights Activist New Tools for Israeli Businesses Tel Aviv-based cryptocurrency exchange Bits of Gold has developed an application program interface (API) service meant to enable companies to accept payments in crypto and receive the value in Israeli shekels…

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Shall Law Firm, an American shareholder rights litigation firm, has announced the filing of a class action lawsuit against Nvidia with regards to statements pertaining to the company’s outlook regarding the effect that declining cryptocurrency prices could have on the performance of its shares. Also Read: Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018 Firm Files Class Action Against Nvidia A Los Angeles-based law firm has announced the filing of a class action lawsuit accusing graphics card manufacturer, Nvidia, for “violations of §§10(b) and 20(a) of the Securities…

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When reporting on cryptocurrency, the mainstream media often focuses on price drops relating to USD. But a human rights activist reminds the general public that Bitcoin is not another commodity or stock on the market, rather, a tool for liberation. Also Read: Iranian Students in the UK Use Bitcoin to Bypass Banks Bitcoin is a Tool for Freedom, Not Speculation Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, has published an article titled ”Why Bitcoin Matters for Freedom” in Time Magazine. In it he explains how cryptocurrency can help…

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Cryptocurrencies grew immensely popular in 2017, but throughout the following year, digital asset markets fell sharply in value. However, over-the-counter (OTC) market makers thrived in 2018, with a slew of business models in the industry catering to OTC clients.   Also Read: Bitbacker.io Aims to Offer a Cryptocurrency-Powered Patreon Alternative Billions Swapped Using Over-the-Counter Cryptocurrency Services in 2018 Even though digital currency markets dropped considerably in value in 2018, early investors and crypto whales who believe in the future of this asset class stocked up. Long term supporters will cost-average their…

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Ifinex, the operator of Bitfinex and Ethfinex, is planning to briefly restrict access to the crypto trading platforms on Jan. 7 while migrating data to its new servers in Switzerland. Also in The Daily on Sunday, Indian exchange Koinex has updated its security features and Huobi’s mining subsidiary is preparing to launch a new trading platform dedicated to an altcoin. Also read: Wallet Hacking Debate Heats Up, Bitcoin-Based Patreon Alternative Emerges Ifinex Switches From AWS Cloud to Own Servers Hong Kong-based cryptocurrency exchange Bitfinex and its subsidiary Ethfinex will temporarily…

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