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The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. This is the first time a government agency has said it will oversee crypto exchanges. Also read: Yahoo! Japan Confirms Entrance Into … Read more
Coinbase recently announced that it would be adding support for Ethereum Classic (ETC), a hard fork of Ethereum. The announcement caught the crypto community by surprise, as the exchange had repeatedly made it clear that it would not be adding any digital assets in the near future. However, the reaction was swift from the crypto … Read more
All but two of the top 100 cryptocurrencies by market cap are back in green, as the markets respond to news that Ethereum is not a security under U.S. law Go to Source Powered by WPeMatico
Regulation of the cryptocurrency industry is a divisive issue, with some being in full support while others view it as going against Satoshi Nakamoto’s vision of a self-regulating industry. Those who support regulation see it as the only way cryptos can go mainstream and attract institutional investment. There is no denying that cryptos have been … Read more
The Irish government is seeking to promote the research and development of blockchain technology in the country, the Irish Times reported on June 11. The initiative is being led by IDA Ireland, a state agency charged with attracting foreign direct investment to the country. Dubbed Blockchain Ireland, the initiative will foster cooperation in the blockchain … Read more
At press time, the father of cryptocurrencies has shot up by over $400, and is now trading for $6,650. After many analysts stated that the $5,000 range was imminent, it appears bitcoin has impressed (and surprised) us once again by halting its descent earlier than expected. Whether it shoots back up to the $7,000 range … Read more
The past few days have been riddled with pretty disheartening price movements, as global cryptocurrency markets have declined by 20% since last week. However, these movements are not indicative of the growing progress in the space. If your attention hasn’t been totally consumed by the markets, you likely have heard of one of the newest … Read more
A court order to freeze assets stored in an account on a cryptocurrency exchange in Tokyo could not be enforced, it was learned on June 13. The exchange said it was ‘technically difficult’ to foreclose the account. A mechanism for freezing accounts on the platform has apparently not been developed yet. Experts urge crypto exchanges … Read more
The Securities and Exchange Commission’s head of the Division of Corporate Finance, William Hinman, stated during the Yahoo All Markets Summit today in San Francisco that cryptocurrencies like BTC and ETH are not securities. Soon after the SEC executive made the statements, cryptocurrency markets saw some gains as BTC rose $350 immediately after the news … Read more
Former Trump advisor Steve Bannon is planning on entering crypto, saying if it weren’t for the White House, he would’ve done it sooner Go to Source Powered by WPeMatico