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India’s cryptocurrency exchange Coinsecure has announced that it cannot repay customers their stolen bitcoins at this time. The exchange claims that while investigations are underway, permissions are needed from the authorities to start the claims process which it has not yet received. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Repayment Delayed Indian exchange Coinsecure has updated users regarding the disbursement of funds due to stolen bitcoins. The exchange previously confirmed that 438.31859715 BTC were stolen on April 8, worth approximately Rs 20 crore or US$3,067,220. The exchange revealed…

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Will Bitcoin bore traders with a second day of sideways trading or are we bracing for the long-awaited breakout over $10k? Market Overview Bitcoin and other cryptocurrencies have ascended at a steady pace over the last 3 weeks and it appears that Bitcoin has developed an impressive immunity against the usual correction triggers of tax selling, regulatory fears, exchange hacks and other FUD that have plagued crypto-markets since Q1 2018. In fact, at the moment there appears that positive cryptocurrency stories outweigh the negatives. On April 25th BTC CME futures…

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Cryptics, a company developing a platform for AI-based cryptocurrency exchange rate forecasting, has announced the release of its minimum viable product (MVP), which is to become available on April 30th. An earlier version of the platform’s MVP is also accessible at the project’s website. Available therein, aside from the projected chart of exchange ratios, it is an overall assessment of the prediction accuracy for each of the currency pairs. Cryptics will act as a blockchain-based aggregator for cryptocurrency exchange rates feeding real-time market data to an AI module powered by neural…

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While some governments say they see the potential future benefits of a local cryptocurrency hub, more proactive jurisdictions are already reaping the rewards. The latest example comes from Bermuda, which is rapidly advancing its receptive crypto regulations and strengthening the local economy.   Also Read: Hong Kong Alcohol Company Buys 51% of Bitcoin Miner for $60 Million Binance Brings Jobs, Education and Investment The Premier of Bermuda, Edward David Burt, announced on Friday his government’s new partnership with cryptocurrency exchange Binance. Under the signed agreement, the company is to establish…

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Oscar Mayer, the famous bacon brand has created a new cryptocurrency called bacoin. The company made the announcement on April 30, introducing the new coin.  Bacoin: The First Ever Bacon-backed Crypto Bacoin is a promotional campaign cryptocurrency that is backed by real Oscar Mayer bacon. According to the company, the coin is as volatile as other cryptocurrencies. Commenting on the launch, Matt Riezman, brand manager at Oscar Mayer said that: Oscar Mayer is the gold standard of bacon because of our dedication to hand-selecting the best cuts and then naturally…

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Iran has been developing its own cryptocurrency, a project which has yielded an experimental local crypto, despite the country’s central bank banning banks from dealing with cryptocurrencies. Iran’s Information and Communications Technology Minister has shed light on the project, commented on its alleged use to evade sanctions, and clarified the central bank’s action. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Iran’s Crypto Project Mohammad Javad Azari-Jahromi. Iran’s Information and Communications Technology (ICT) Minister, Mohammad Javad Azari-Jahromi, revealed on Saturday that “Iran has developed an experimental local cryptocurrency,” Reuters…

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A Japanese regulatory working group focussing on cryptocurrencies has suggested exchanges should not be “allowed” to trade certain altcoins including Dash and Monero. FSA Suggests Altcoin Squeeze As Forbes reports citing a meeting of the group, which consists of industry experts organized by Japan’s regulator the Financial Services Authority (FSA), the anonymity options such altcoins present could be grounds to banish them from the country’s burgeoning exchange sector. “It should be seriously discussed as to whether any registered cryptocurrency exchange should be allowed to use such currencies,” an unnamed member…

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The Localbitcoins markets of several nations have produced significant spikes in recent weeks, with the peer-to-peer (P2P) markets of Hungary, Peru, and Venezuela establishing new all-time highs for volume when measuring in trade in fiat currency. Also Read: Bitcoin in Brief Monday: Outage Downs Telegram, Bitcoin Shines on a Bank P2P Markets of Latin America Surge The P2P trading volume of numerous South American markets have shown considerable strength in recent weeks, with many markets producing among the strongest weeks of trading in recent history when measuring volume in fiat currency.…

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Cryptocurrency trades surge in Malta, making the tiny nation a predominant leader in the field, surpassing countries like Japan, Korea, China, and the USA. A research carried out by Morgan Stanely also shows that Belize is second to the lead. Malta, the New Leader in Crypto Trading Volume The winds of change are blowing strong as Malta becomes the global leader in terms of cryptocurrency trading volume. In a research factoring the legal location of exchange, Morgan Stanely reveals that the small nation has established itself not only as a…

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Japan’s Financial Services Agency, tasked with monitoring the country’s cryptocurrency exchanges, has quietly been pressuring platforms to delist privacy coins. Coincheck has already done so in the wake of the $400 million NEM hack. If fellow exchanges follow suit, it could signal the beginning of the end for privacy coins such as zcash and monero on Japanese and possibly even global exchanges. Also read: Bitcoin Cash Adoption Continues: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing FSA Gives Privacy Coins the Thumbs Down Japan’s FSA is reportedly urging exchanges to move away from…

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