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The Japanese financial regulator has imposed five new criteria for all cryptocurrency exchanges operating in the country. These rules apply to existing exchange operators as well as new ones applying for registration for the first time. On-site inspections will be conducted on all exchanges prior to approval. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Preventing Coincheck 2.0 The Japanese Financial Services Agency (FSA) has set new rules for the registration of cryptocurrency exchanges, Nikkei reported on Sunday. The agency aims to promote compliance and protect customer assets as well…

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A luxury hotel, offering breathtaking views of Caracas and the Caribbean coast, will be accepting only payments in Petro, Venezuela’s national cryptocurrency. According to President Maduro, the renovated Humboldt hotel is going to be the first seven-star property in his crisis-stricken Bolivarian Republic. Also read: Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms Luxury Priced in Petro The Humboldt hotel is a landmark of Caracas, and is considered among the most interesting examples of XX century urban architecture. It’s located in the Waraira Repano National Park, between the…

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Almost three months after starting to roll out cryptocurrency trading, Robinhood has expanded the service to another two more American localities. This means that residents of eight US states in total now have access to Robinhood Crypto. Also Read: This Week in Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes Regulator Robinhood Crypto Reaches Eight Million More Americans Robinhood Financial LLC, the Palo Alto-headquartered US stocks brokerage app, has announced that it added another two locations where cryptocurrency trading is now supported for its clients. The company officially announced on…

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Despite already setting a precedent in a previous case, the Israeli courts system is again called upon to stop a bank from shutting down a crypto business. This time, Union Bank tried to refuse operating an account to a mining firm – a service all companies need to legally operate in the country.  Also Read: This Week in Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes Regulator Israminers vs. Union Bank Union Bank of Israel, Ltd. (TLV: UNON), the sixth largest Israeli bank, has been slapped with a lawsuit by…

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The Financial Services Agency (FSA) of Japan is set to introduce stricter guidelines for cryptocurrency exchange platforms in the country. According to local media sources, the FSA is taking this course of action to prevent another high profile crypto hack. Creating a New Paradigm for Crypto Exchange Platform Regulations Japanese cryptocurrency exchange platform Coincheck was hacked in January 2018, resulting in the theft of more than $500 million worth of crypto. In the aftermath of the Coincheck saga, the FSA has been hard at work trying to secure the country’s…

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Bitcoin adoption continues to grow rapidly worldwide. This adoption roundup features four merchants that recently started accepting the digital currency – a boutique hotel in Spain, parking lots, an electrical supply store, and online courses in Japan. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Parking Lots Park Realty Co. Ltd., which provides a parking lot sharing serving called QRpark, announced last week that it has started accepting bitcoin payments. “It is the service to convert the industry’s first monthly parking lot into a temporary parking lot,” the company…

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U.S. Patent and Trademark Office revealed this week JP Morgan Chase applied for a patent related to blockchain back in October of last year. It’s quite the turnaround for the bank, which has been on record as one of bitcoin’s and cryptocurrency’s biggest critics. Also read: Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms JP Morgan Swallows Hard, Attempts a Blockchain Patent Titled Systems and Methods for the Application of Distributed Ledgers for Network Payments as Financial Exchange Settlement and Reconciliation, the U.S. Patent and Trademark Office published JP…

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From a turf war over “the world’s first” bacon-backed coin to mining trucks chasing cheap electricity across Europe, the cryptocurrency world never has a dull day. These stories and many more were covered in this week’s daily editions of Bitcoin in Brief. Also Read: Young New Zealand Man Spared Jail for Dealing Drugs With Bitcoin Outage Downs Telegram, Bitcoin Shines on a Bank As the messaging service of choice for many cryptocurrency groups, the problems at Telegram made headlines on Monday. While the company was facing a crackdown in Russia…

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Gains from cryptocurrency transactions will be taxed in Azerbaijan, according to a high-ranking official from the Tax Ministry. Authorities in the energy-rich nation intend to tap into both corporate profits and personal incomes. The country has previously taken a conservative stance on cryptocurrencies but the focus on taxation now signals a change in Baku.  Also read: Here’s Why Kazakhstan Won’t Ban Mining and Cryptocurrencies  Both Corporate and Private Incomes to Be Taxed Revenues from crypto transactions are subject to taxation in Azerbaijan, said Nidjat Imanov, deputy-director of the Department of…

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The Chelan County Public Utility District (PUD) in Washington state is heightening its security over fears of angry Bitcoin mining operators who are being shut down. As some countries crack down on Bitcoin mining, operators have taken to looking for greener pastures. The chief concern is paying as cheaply as possible for electricity as the energy demands of mining are high. Some locales are finding themselves overwhelmed by the increased demand and are actually shutting down some operations, which is making the affected miners really angry. Unhappy Miners Case in…

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