New Rules Make Korean Bitcoin Exchanges Liable for Customer Losses

Bithumb is one of five South Korean bitcoin exchanges that has adopted a new directive which mandates that platforms be liable for losses whether not they occur due to negligence on the part of the operators. Bithumb Adopts FTC Directive According to The Korea Herald, Bithumb and four other exchanges in South Korea have updated their terms of service (ToS) to reflect a new directive from the country’s Fair Trade Commission (FTC). This new corrective recommendation stipulates that exchange platforms be liable for issues caused by hacks or system downtime…

Read More

Venezuela Sets Bitcoin Trading Record With New Hyperinflated Banknotes

New currency reforms in Venezuela accompanied a decisive surge in Bitcoin trading this week, with informal markets setting new all-time highs. Bitcoin Boom As Central Bank Re-adds Zeros Data from monitoring resource Coin Dance reveals that in the seven days ending June 15, Venezuelans transacted over 46 billion sovereign bolivars (VES) on P2P Bitcoin exchange Localbitcoins. The figure stands far above the previous record of 40.9 billion VES set earlier in May. As Bitcoinist has frequently reported, the ongoing Bitcoin activity in Venezuela has become an indictment of the VES,…

Read More

Bitcoin.com Just Rebranded – Check out Our New Look

You may have noticed that Bitcoin.com is looking a little different. We’re excited to unveil our new look after six months of hard work. Our domain has a long history, and as a company we’ve grown a great deal. After consideration of the crypto future ahead of us all, we decided to reshape Bitcoin.com’s design to present a greater image of things to come. Also read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash Bitcoin.com’s Revamped Design Is Here Operating the domain Bitcoin.com has been a wonderful experience…

Read More

Bitcoin Price Targets Next Key Resistance Level – Is 5 Figures in Play?

The weekend has been extremely bullish for bitcoin price, which has surged to a new 2019 and thirteen month high. Those gains have held into Monday morning in Asia and analysts are now scouring the charts looking for the next move for BTC. Bitcoin Price Painting a Bullish Picture Bitcoin has held on to most of its weekend gains and remains over $9k during the morning’s Asian trading session. Yesterday’s surge of 8% from $8,600 to top $9,300 has lifted the king of digital assets to new highs not seen…

Read More

What’s the Deal With the Lightning Network?

Remember that layer two scaling solution they promised for Bitcoin back in the day? Does anyone know what happened to it? It feels like we’ve been waiting for a finished Lightning Network longer than Mt. Gox victims have been awaiting restitution. For now, Lightning is accessible to users with the skills to navigate its quirks and complexities, but for beginners, LN can be bewildering – and its challenges don’t end there. Also read: Bitcoin Trades for a Premium in Hong Kong During Protests Scaling Solution or Solution in Search of…

Read More