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Cryptocurrencies that are developed with the aim of replacing sovereign currencies such as the US dollar or the Japanese yen like Bitcoin are not securities. This is according to Jay Clayton, the chairman of the US Securities and Exchange Commission. In an interview with CNBC, Clayton also stated that most of the ICOs currently in … Read more
The South Korean government is mulling over how to cash out the cryptocurrency it recently confiscated. While the most likely option is to auction the coins off using the government-owned auction platform, various concerns have been raised. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cashing Out BTC The South Korean government is contemplating … Read more
Google searches for Bitcoin have dropped greatly this year, a reflection of the current turmoil in the market. According to a report by CNBC, searches have dropped by 75% this year from their record highs at the peak of the upward price trend in December of last year. Quoting data from Google Trends, CNBC reports … Read more
The Securities and Exchange Commission of Thailand has unveiled the details of the country’s regulatory framework for cryptocurrencies and initial coin offerings, including licensing requirements, fees, and a list of seven approved cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Approved Cryptocurrencies The Thai Securities and Exchange Commission (SEC) announced on Friday the … Read more
Experts are arguing about the price, what do you say? Go to Source Powered by WPeMatico
Huobi, the world’s third largest crypto exchange, has launched a new platform in the US via a “strategic partnership” with a new US-based company, ‘HBUS’ Go to Source Powered by WPeMatico
All of the top ten coins by market cap are in the red today, showing losses of between 1 and 4 percent over the 24 hour period to press time Go to Source Powered by WPeMatico
At press time, bitcoin is trading for just over 7,600. This is a near $60 drop since reaching yesterday’s high of $7,700. Though small, the currency has ultimately failed to defend this new line, leading analysts to wonder if $8,000 is no longer doable in the short-term. One source suggests that a triangle pattern is … Read more
After an intense and extensive investigation, South Korean government has cleared Bithumb crypto exchange of any wrongdoing Go to Source Powered by WPeMatico
Regulatory developments involving cryptocurrencies are always worth keeping an eye on. In Indonesia, there has been a lot of confusion regarding the future of Bitcoin and similar currencies. The Trade Ministry’s Futures Exchange Supervisory Board has finally rendered a verdict in this regard. Cryptocurrencies are commodities, regardless of what the country’s central bank may think. … Read more
