Korean Exchange Bithumb Has Reserves Worth $6 Billion in 12 Cryptocurrencies

One of South Korea’s largest cryptocurrency exchanges, Bithumb, has published its first audit report, detailing its financial performance as well as crypto reserves worth approximately $6 billion kept in 12 cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space $6 Billion Worth of Coins South Korea’s second largest cryptocurrency exchange Bithumb recently released its … Read more

Yes, You Can Buy Your World Cup Ticket with Bitcoin

Russian crypto-media have asked a meaningful question – why World Cup tickets can’t be bought with cryptocurrency. Credit card payments and bank transfers are currently accepted, but are they an option for every fan who wants to go to the stadium? And, is it really impossible to get a ticket with your bitcoin? Also read: … Read more

Philippines Senator Wants Harsher Penalties for Cryptocurrency Crimes

On Monday April 16, the Philippines opposition senator Leila M. de Lima asked her fellow bureaucrats to push the passage of the cryptocurrency bills she helped frame. The proposed bills aim to introduce a harsher penalty towards criminals who use cryptocurrencies during illegal activities. Also read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce Philippines Lawmaker … Read more

Bitcoin in Brief Wednesday: Pornhub? We’ve Never Heard of Pornhub

Bitcoin in Brief for Wednesday is a potpourri of quickies to get your day going: Pornhub, a website we’ve never heard of, has joined the crypto revolution (well, Verge at least); South Korea’s loss is Switzerland’s gain; bitcoin blamed for every crime under the sun; Ethereum’s Vitalik Buterin is accused of favoritism; and bitcoin cash … Read more

Telegram Uses Bitcoin in Effort to Thwart Russian Authorities

Recently, a Moscow court handed a win to Russian security forces. In an effort to combat terrorism, they announced Telegram would be banned immediately. The company refused to hand over user information. A day after the ban going into effect, CEO Pavel Durov announced Telegram would use bitcoin to fund proxies and VPNs as possible … Read more

Significant Trade Volume Triggers Localbitcoins KYC Requirement

According to a recent thread on Reddit, Localbitcoins traders allegedly have to verify their identity if they are trading “significant” volume using the peer-to-peer platform. Also Read: Meet Memo: An On-Chain Social Network Built on Bitcoin Cash Localbitcoins ‘Error’ Involves Know-Your-Customer Verification Bitcoin users are frantically searching other exchanges today that don’t require Know-Your-Customer (KYC) verification. … Read more