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Coincheck, the Japanese exchange that lost ~$550 million worth of NEM to hackers, will stop dealing with Monero, Dash and Zcash. The trading platform has recognized the risk posed by these cryptocurrencies which provide high levels of anonymity. Half of the NEM coins stolen in the hack may have been converted already on the darknet, […]
The post Coincheck Drops Anonymous Monero, Dash, Zcash appeared first on Bitcoin News.
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South Korea’s real-name system for cryptocurrency trading has been enforced for over a month, but most accounts have not been converted to the new system. Banks are still not converting accounts for most crypto exchanges and the government will not force them or investors to use the new system. Also read: Indians Look to Buy Bitcoin […]
The post Korea’s Mandatory Crypto Real-Name System Neglected – 19% Conversion Rate appeared first on Bitcoin News.
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Identity theft is one of the biggest crimes afflicting countries like the United States and Britain. According to a recent report, in 2016 alone, American citizens lost about USD 16 Billion due this misdemeanour. This figure increases to a staggering USD 106 Billion if we considered a ten year period up to 2016. In the United Kingdom, home to one of the financial capitals of the world, identity theft has doubled over an eight year period ending 2016. Clearly, investors are at risk while transacting money online.
The post PR: Anonymous and Decentralised ID by Biometrids appeared first on Bitcoin News.
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The case against the South Korean government over cryptocurrency regulations filed with the Constitutional Court has been referred to the Supreme Court. If the court rules that the regulations are unconstitutional, all existing crypto regulations imposed by the government could be nullified. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Case Referred […]
The post Korean Supreme Court to Judge Whether Crypto Regulations Are Unconstitutional appeared first on Bitcoin News.
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Most cryptocurrency investors in South Korea remain anonymous without moving their accounts to the government-mandated real-name system. So far, less than 10% of crypto traders have converted their virtual accounts into real-name ones. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies 8% Conversion Rate So Far The real-name system for cryptocurrency exchange […]
The post Most Crypto Traders in South Korea Remain Anonymous Despite Regulations appeared first on Bitcoin News.
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The majority of cryptocurrency exchanges in South Korea are unable to use the new government-mandated system which was recently implemented. Six major banks have installed the real-name system, but only three have decided to offer the service to crypto exchanges. In addition, only the country’s top four exchanges receive this service from banks. Also read: Japan’s […]
The post Most Korean Crypto Exchanges Unable to Use Government-Mandated System appeared first on Bitcoin News.
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The South Korean government has announced that six major banks will be ready to provide services to cryptocurrency exchanges this month. Under the new system, the government requires exchanges to share user data with banks. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Exchanges to Share Data with Banks The Korean […]
The post Korean Crypto Exchanges to Share Data with Banks in New Account System This Month appeared first on Bitcoin News.
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The Foundation for Defense of Democracies’ Center of Sanctions and Illicit Finance in conjunction with blockchain analytics company, Elliptic, has published a study seeking to track the circulations of illicit funds within the bitcoin economy from 2013 to 2016. The research concludes that the share of funds of illicit origin comprises less than one percent […]
The post New Research: Laundering of Illicit Funds Less than 1% of Bitcoin Transactions appeared first on Bitcoin News.
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Disclaimer: this is a humor piece and should be interpreted as such. With every major market move, both up and down, some individuals inevitably buy the top or sell the bottom. Past movements suggest that certain all-powerful investors are responsible for market movements, as their trades and decisions lead to opposite, powerful reactions from the market. On January 17, as Bitcoin approached its bottom of US$9,500, a martyr for the greater cryptocurrency community sacrificed his own success for the good of the market. /u/NekroJakub is one such individual with the power to move markets. That morning, Jakub moved fiat funds to his exchangePowered by WPeMatico
The South Korean authorities will start inspecting major banks for their compliance with cryptocurrency regulations on Monday. This move follows the regulators’ recent announcement prohibiting the use of virtual bank accounts for anonymous trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Inspecting 6 Major Banks The South Korean Financial […]
The post Korean Government Starts Inspecting Major Banks for Crypto Regulation Compliance appeared first on Bitcoin News.
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