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Corner those experienced within cryptocurrency’s ecosystem, and they’ll admit something akin to addicts exist. That fine line between obsession and irrational exuberance is probably best exemplified in wild price fluxuations, furious buying and selling. At least one historic county in Scotland, Peeblesshire (Siorrachd nam Pùballan), believes they’ve identified bitcoin addicts, and are beginning to treat them in the same manner as those with similar attractions to gambling. Also read: Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds Halt Castle Craig Hospital Bitcoin Addicts are a Thing in Scotland Crypto…

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On the latest episode of “John McAfee Says,” the tech activist and internet security expert declared that there is an ongoing war against cryptocurrencies.  ‘It is, in fact, a war’ He aired this revelation in a video posted on his Twitter on May 27. According to McAfee, powerful forces are trying to derail the progress of the cryptocurrency revolution. McAfee began by unequivocally stating the reality of the ongoing fight: Whether you know it as a war [against crypto] or not, it is, in fact, a war. The looming war…

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A UK hospital has begun offering the country’s first cryptocurrency “addiction” therapy as officials say Bitcoin represents a “classic bubble.” When Checking Price Gets Serious As local news media outlet The Scotsman reports, Castle Craig Hospital in the Scottish county of Peeblesshire will use techniques from “gambling addiction programs” to treat those who feel they have lost control. Castle Craig Hospital “I see cryptocurrency trading as a way for people to escape from themselves, into another world, because they don’t like the world they’re in,” Chris Burn, a gambling therapist…

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The Israeli Ministry of Finance has published draft prohibiting money laundering regulations with provisions specifically pertaining to virtual currencies. The proposed regulations will also introduce a suite of new reporting requirements for financial service providers, including strict conditions regarding the cryptocurrency activities of clients. Also Read: South Korean Exchange Bithumb Blocks Trading in 11 Countries Israeli Ministry of Finance Publishes Draft Money Laundering Regulations The Israeli Ministry of Finance a draft of the amended Money Laundering Prohibition Order – with the proposed legislation now containing provisions pertinent to cryptocurrencies. The new…

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Days ahead of its high-profile mainnet launch, controversial cryptocurrency company TRON is reportedly finalizing its acquisition of BitTorrent Inc.  Decentralizing the Internet According to TorrentFreak — a blog dedicated to the BitTorrent protocol, file sharing, copyright infringement, and digital rights — TRON founder Justin Sun is close to acquiring BitTorrent Inc., with both parties reportedly in the process of finalizing the details. Should the deal be finalized, TRON will absorb and utilize BitTorrent in its quest to decentralize the internet. BitTorrent itself is a communication protocol for peer-to-peer (P2P) file sharing…

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South Korea’s largest cryptocurrency exchange Bithumb has announced that it will block trading in 11 countries as part of its revised internal regulations aimed to prevent money laundering using its system. Foreign users will also need to undergo a stricter verification process. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Preventing Money Laundering Bithumb announced on Sunday that its internal regulations have been revised in order to prevent money laundering activities using its system, according to local media. Business Korea elaborated: With growing concerns over money laundering through cryptocurrency trading,…

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Goldman Sachs-tied cryptocurrency exchange Poloniex is now giving legacy account holders 14 days to comply with new KYC restrictions, while failing to honor promises made in December 2017.  Who Are You? Poloniex, a US-based cryptocurrency exchange platform owned by Goldman Sachs-backed finance company Circle, has reportedly begun circulating emails to legacy account holders notifying them of newly-imposed know-your-customer (KYC) restrictions. The news comes via a Twitter post shared by popular user @WhalePanda, in which The Poloniex Team writes: We are requiring that all legacy Poloniex accounts become verified through the…

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In today’s edition of Bitcoin in Brief we feature stories that show the increased focus regulators have placed on companies operating in the cryptocurrency scene and how it can adversely affect clients. FCA revels it is investigating dozens of ventures, and Poloniex tries to reassure legacy clients that their frozen funds are safe. Also Read: Niall Ferguson Tells Bank of England Bitcoin Is Financial System of the Future Poloniex Responds to Complaints Poloniex, the cryptocurrency trading platform which was taken over by Circle earlier this year, has finally responded to complaints…

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The cryptocurrency market has taken a decidedly bearish turn over the month of May, but one venture capitalist believes that only makes for a better buying opportunity — for Bitcoin, that is. ‘The Story Is Very Much Materializing’ Over the past few weeks, sellers have remained firmly in control of the cryptocurrency market — but venture capitalist Spencer Bogart claims current market conditions only make for a better buying opportunity. On Friday, the Blockchain Capital partner told CNBC’s Fast Money that Bitcoin’s increased number of use cases, coupled with the massive amount…

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On the southeastern shore of the Baltic Sea lies Lithuania, a country of some 2.8 million. Most most people would struggle to place it on a map, and there are 77 European cities larger than its capital Vilnius, which number just 578,000. Despite this, Lithuania has outperformed nations 20 times its size in the token economy, making it Europe’s fifth largest country for crowdfunding. The small nation boasts a burgeoning cryptocurrency scene, aided by fast internet and a favorable regulatory climate. Also read: Niall Ferguson Tells Bank of England Bitcoin Is…

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