Category: Uncategorized

South Korean authorities continue to send mixed signals as the Financial Services Commission broadens the scope of its probe into domestic cryptocurrency exchanges with Bithumb being the “primary target.” Auditing Exchanges As reported by The Korea Times, South Korea’s Financial Services Commission (FSC) is broadening the scope of its probe into domestic cryptocurrency exchange operators while requesting worldwide coordination in regards to cryptocurrency and digital asset regulation. Stated an official on Sunday: Following a request by the Financial Supervisory Service (FSS) and the prosecution to address growing anti-money laundering compliance…

Read More

Popular p2p Bitcoin trading platform Localbitcoins has announced users will only be able to hold one account from May 26 as new EU privacy laws come into place. P2P: Regulatory Net Tightens As part of its adherence to the General Data Protection Regulation (GDPR), a new data privacy push from Brussels, the platform will also change how it handles trade disputes and identification requirements among other aspects of its operations. The move comes around one month after a previous announcement over obligatory identification caused controversy among Localbitcoins traders. At the…

Read More

Chicago Mercantile Exchange & Chicago Board of Trade (CME Group Inc) announced a partnership with Crypto Facilities Ltd to list the price of ether in real-time dollars. Information from major cryptocurrency exchanges Bitstamp and Kraken will be used to determine the CME CF reference rate. This could be a hint of things to come for the second most popular crypto in the world, including possible US futures.    Also read: Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period CME Strikes Deal for Ether-Dollar Reference Rate “CME Group’s…

Read More

South Korea’s government is widening its probe on cryptocurrency exchanges, particularly the use of corporate accounts which the regulators say can lead to money laundering. This announcement follows the prosecutors launching an investigation on the country’s largest crypto exchange, Upbit. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Widening the Crypto Probe South Korea’s top financial regulators are teaming up with prosecutors to widen their investigation of domestic cryptocurrency exchange operators. An official of the Financial Service Commission (FSC) was quoted by the Korea Times on Sunday: Following a…

Read More

Goldman Sachs will help institutional investors bet on Bitcoin price — but what will it do to the cryptocurrency market?  Goldman Goes All In Following a slew of inquiries from hedge funds, foundations, and endowments benefiting from Bitcoin millionaires, Goldman Sachs has become the first regulated financial institution to afford clients the ability to trade Bitcoin futures via one of its New York desks, according to Forbes. What this means is that the Wall Street titan will essentially help shepherd the herd of institutional investors into the trading of Bitcoin.…

Read More

In Monday’s Bitcoin in Brief, Belgium’s financial watchdog, which earlier this year published a warning about potentially fraudulent platforms promising fast and easy profits to crypto investors, has just expanded its blacklist. In Russia, reports have surfaced of a plot to assassinate Alexander Vinnik in Greece, where he fights an extradition request from US authorities accusing him of laundering billions of dollars, including funds from the hacked Mt. Gox. Elsewhere, Australia allocates budget for blockchain research, and Dubai-based exchange Bitoasis suspends dirham withdrawals. Also read: This Week in Bitcoin: Ghost…

Read More

Cryptocurrency industry commentators have reacted suspiciously to news the CEO of Hong Kong  exchange OKEx abruptly stepped down May 14. CEO ‘Starting A New Life’ As Bloomberg reports citing both an emailed statement and private statement from Chris Lee’s spokeswoman, the executive suddenly left his post in order to “start a new life.” It was his “greatest pleasure and honour” to work with the exchange, his spokeswoman reportedly quoted Lee as saying. The news comes following a troubling period in OKEx’s history. At the end of March, unusual activity in…

Read More

The decree to regulate cryptocurrencies and initial coin offerings in Thailand goes into effect on Monday. The government has also revised the country’s tax code to add crypto taxation. Sellers of digital tokens will face a fine or even jail time if they fail to register with the regulator within 90 days. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Law In Effect The Thai government’s decree to regulate cryptocurrencies and initial coin offerings (ICOs) goes into effect on Monday. The Digital Asset Management Act BE 2561 was…

Read More

They say the real riches you make in bitcoin are the friends you make along the way. And on platforms such as the crypto-friendly Telegram, it’s true that you can meet avatars who become acquaintances who become best mates. But the most useful accounts you’ll interact with on Telegram are arguably those devoid of humanity together. That’s because the best accounts are those operated by bots. Also read: Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period There’s a Crypto Bot for Every Occasion Chatbots are not particularly new,…

Read More

Former Goldman Sachs banker Chris Matta quit the famous multinational investment bank and financial services company only days after earning a promotion to the position of vice president – and he did it for the sake of cryptocurrency. ‘I Saw it as a Calculated Risk’ It’s safe to say that most people wouldn’t bail on their career after climbing the Wall Street ladder and making vice president at the most profitable securities firm in history – but that’s exactly what Chris Matta did. After watching Bitcoin and other cryptocurrencies explode in…

Read More