Chinese Police Arrest Bitcoin Miner Who ‘Stole’ 150 MW of Electricity
A Bitcoin miner who failed to pay a 150 megawatt electricity bill has been arrested by police in China’s Anhui Province Go to Source Powered by WPeMatico
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Crypto Prices Plummet Sharply, With Significant Losses Across the Board
Almost all of the top one 100 cryptocurrencies by market cap have been hit by significant losses, with the top 10 all losing between 4 and around 10 percent over 24h Go to Source Powered by WPeMatico
Taiwan’s Financial Regulator to Conduct Limited Oversight of Cryptocurrencies
The Financial Supervisory Commission of Taiwan has indicated its intentions to maintain only a limited oversight of cryptocurrencies. The regulator said it’s going to focus mainly on the enforcement of anti-money laundering policies, while remaining open towards innovations like those coming from the crypto sector. Also read: Bitcoin Businesses Denied Banking Services in Ireland Not … Read more
Japan Penalizes Crypto Exchanges – Yakuza Involvement Confirmed
The Japanese regulator has issued business improvement orders to six of the country’s 16 fully-licensed crypto exchanges including Bitflyer, Quoine, and Tech Bureau. The agency confirmed to news.Bitcoin.com that at least one of the six exchanges has some form of involvement with the Yakuza. Responding to the improvement order, Bitflyer has halted new account registrations. … Read more
Only a Third of the Richest Informed on Bitcoin
Despite seeing their investment return above 20% in 2017 for two consecutive years, the richest people in the world say they are not fully satisfied with their asset managers and want to learn more about crypto. Also read: At Least $20 Billion in Crypto Investment Awaits Custody Streamlining, Approval Only a Third of the Richest Were … Read more
Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts
The owner of a leading Irish Bitcoin broker has accused the country’s banking institutions of discriminating against crypto-related businesses Go to Source Powered by WPeMatico
Investigation Underway: Korean Government Seeks Cause of Crypto Hacks
Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Government’s Response The South Korean government announced on Wednesday, June 20, that it … Read more
US Congressman Says ICO Market Needs ‘Light Touch’ Regulation to Provide Certainty
Republican U.S. Congressman Warren Davidson says the ICO market needs “light touch” regulation to provide certainty Go to Source Powered by WPeMatico
At Least $20 Billion in Crypto Investment Awaits Custody Streamlining, Approval
Rumor has it vaunted, long awaited institutional money, big investment in crypto is coming. One of the many holdups involves custody regulation, as both large funds and those ecosystem companies best poised look for a smooth way to guard cryptocurrency holdings securely, alleviating whales’ greatest fears: theft and loss. Also read: Troll Slayer: Derek Magill … Read more
License Needed for Crypto Trading, Circulation, and Settlement in Cambodia
Three Cambodian government bodies have jointly announced that the propagation, circulation, buying, selling, trading, and settlement of cryptocurrencies without obtaining a license are illegal activities. The agencies have also outlined four main risks associated with crypto trading or investing. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space License Needed The National Bank of Cambodia (NBC), … Read more