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Earlier this week, German mainstream media outlet Der Tagesspiegel reported that local authorities had raided the apartment of a criminal group and confiscated more than $14 million in Bitcoin and other cryptocurrencies including Bitcoin Gold, Bitcoin Cash, and Ether. Waited Out Hard Forks German law enforcement arrested members of a criminal group and raided their residences around June 2017. Almost immediately after their arrest, the criminals agreed to forfeit their private keys and access to their cryptocurrency wallets, surrendering 1,312 Bitcoin and 220 Ether. The German government commenced a sale of the stolen cryptocurrencies in November and sold the criminal group’s holdings throughout November andPowered by WPeMatico
Paul Chou, a former Goldman Sachs executive and the founder of LedgerX, a regulated bitcoin derivatives and futures market based in the US, said that Bitcoin has been seeing unprecedented institutional interest for the first time in its history. Institutional Money During an interview with Nathaniel Popper of the New York Times, Chou stated that despite the recent market correction that led the values of most major cryptocurrencies such as Bitcoin and Ethereum to drop by large margins, the demand from institutional investors and retail traders has been on the rise. Chou said: The industry is seeing unprecedented institutional interest forPowered by WPeMatico
A U.S. state has issued emergency cease and desist orders to two companies and related persons purportedly engaged in cryptocurrency investment schemes. The first company posted videos of three mining farms composed of online stock images, according to the order. Both companies made numerous materially misleading claims and violated U.S. securities laws. Also read: Yahoo! Japan […]
The post US State Issues Emergency Cease and Desist Orders to Two Crypto Investment Firms appeared first on Bitcoin News.
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Nasdaq, Goldman Sachs, J.P. Morgan, and Morgan Stanley have hinted at plans to launch and operate cryptocurrency exchanges in 2018. SBI Group, one of Japan’s largest financial companies, has finalized its plan to launch a cryptocurrency exchange in the summer. The Number One Exchange According to Business Insider Japan, SBI Holdings president and SBI Group CEO Kitao Yoshitaka has said that he is certain SBI Group will be able to evolve its cryptocurrency exchange into Japan’s leading digital currency trading platform and dominate the market. A rough translation of Yoshitaka’s statement read: When we do it, it will be number onePowered by WPeMatico
Alexei Navalny, one of the major opposition politicians who ran against current Russian President Vladimir Putin this year, raised more than 25 percent of his campaign donations in bitcoin. 100,000 Donors, $6 Million During the 2018 Russian presidential election, analysts predicted a landslide victory for Putin and for him to be re-elected with the support of the majority of the Russian people. On March 18, Vladimir Putin secured his fourth term in office with 77 percent of the votes, garnering more than 56 million votes. However, Navalny, who was considered to be one of the few politicians in the country with a chance of successPowered by WPeMatico
Kim Yong-jin, South Korea’s Deputy Minister of Strategy and Finance, stated at a financial conference held at InterContinental Seoul that the cryptocurrency market is growing exponentially and gaining stability. Minister Kim surprised local investors and cryptocurrency researchers by stating that alternative means of payment such as cryptocurrencies could threaten the foundation of the traditional fiat system. “Cryptocurrencies like Bitcoin and Ethereum, which led an investment and speculative bubble earlier this year, have stabilized and are leading both the authorities and investors to question the foundation of the fiat system,” said minister Kim. He added that “the central bank should consider the emergencePowered by WPeMatico
Residents and citizens of South Korea have formally requested the country’s government and the executive office of President Moon Jae-in, better known as the Blue House, to provide a cryptocurrency and blockchain regulation-free city within the country. For many years, the South Korean government has utilized a petition system to communicate with its citizens and potentially impose new regulations or make changes to existing policies based on their requests. Last year, local citizens filed a petition to the Blue House to revoke the announcement of Justice Minister Park banning cryptocurrency trading. The very next day, after more than 130,000 citizens hadPowered by WPeMatico
Over the past few weeks, the mainstream media has tried to justify the extreme volatility of the cryptocurrency market, and specifically the price movements of bitcoin, by connecting them to news. This week, several media outlets reported that the price of bitcoin had fallen from $9,000 to $8,000 due to the ban imposed by Twitter on cryptocurrency-related advertisements. In a report, CNBC stated that the price of bitcoin had declined by 40 percent after Twitter released its strict policy on regulating cryptocurrency and ICO advertisements. In reality, when the report was released, the price of bitcoin had declined by 12 percent, and thePowered by WPeMatico
The Chicago Board Options Exchange (Cboe), the largest options exchange in the global market that currently operates a bitcoin futures market, has asked the US government to allow bitcoin exchange-traded funds (ETFs) that would provide investors within the public market with access to bitcoin. A public letter sent to the US Securities and Exchange Commission (SEC) read: Cboe encourages the Commission to approach Cryptocurrency ETPs holistically and from the same perspective that it has historically approached commodity-related ETPs. The Commission should not stand in the way of such ETPs coming to market. Lack of Regulation and Liquidity LastPowered by WPeMatico