One of South Korea’s largest cryptocurrency exchanges, Bithumb, has reportedly announced that it will gradually lower the withdrawal limit for any accounts that have not been converted to real-name ones, citing risks of financial crimes. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Lowering Withdrawal Limit Bithumb reportedly said on Monday that it has “decided […]
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In the world of cryptocurrency, trading Bitcoin and altcoins has become incredibly popular. A lot of people rely on third-party solutions and applications for this purpose. In the case of the Taylor platform, it seems that trust was a bit misplaced. The platform has suffered a massive hack, and all of the company’s wallets have been cleaned out. The Taylor Situation is Incredibly Worrisome Whenever a cryptocurrency company or service provider gains any sort of popularity, it becomes a target for hackers and other criminals. This has been the case for many exchanges and trading service providers, and it seems the number of
The Israeli Ministry of Finance has published draft prohibiting money laundering regulations with provisions specifically pertaining to virtual currencies. The proposed regulations will also introduce a suite of new reporting requirements for financial service providers, including strict conditions regarding the cryptocurrency activities of clients. Also Read: South Korean Exchange Bithumb Blocks Trading in 11 Countries Israeli […]
It seems TRON will continue to make media headlines for some time to come. There have been a lot of interesting developments over the past few weeks. Most recently, a new joint venture with vSport was announced. The goal is to launch a new blockchain centered around soccer. Bringing sports and distributed ledgers together in a meaningful manner can have many consequences. Another Major Development Involving TRON Not a week goes by without TRON making headlines in one way or another. Whether it is the potential acquisition of BitTorrent or the upcoming mainnet launch, people are genuinely excited to see what will come next
There is never a boring day in the world of cryptocurrency, even when the price of Bitcoin is not headed in the right direction. The Poloniex exchange was once one of the bigger altcoin trading platforms in the world. It has since lost some of its popularity, and the company’s latest decision will not help matters much. A forced KYC implementation will annoy a lot of users, for rather obvious reasons. An Interesting Change by Poloniex In the world of cryptocurrency, there is a growing focus on KYC and AML verification. This has caused a fair few issues for cryptocurrency trading platforms,
Every day, the cryptocurrency space sees new and exciting developments and progress. One particular area that has seen heightened exposure of late is the stablecoin. Stablecoins play an interesting role in decoupling blockchain utility from market volatility, and it’s likely that the niche will serve a vital role in the public adoption of cryptocurrency. Stablecoins, as the name suggests, represent a category of cryptocurrencies that are not subject to price volatility. They are stable in nature, and this stability typically comes from the backing of some alternative value. Perhaps the most prominent example of a stablecoin is Tether (USDT), which, of course, maintains a value equal
South Korea’s largest cryptocurrency exchange Bithumb has announced that it will block trading in 11 countries as part of its revised internal regulations aimed to prevent money laundering using its system. Foreign users will also need to undergo a stricter verification process. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Preventing Money Laundering Bithumb announced […]
It will be rather interesting to see which cryptocurrencies can recover lost value in the days and weeks to come. For now, it seems there is no real change imminent, albeit things are always subject to change. The TRON price, for example, suffers from the biggest losses in the entire top 15 over the past 24 hours. A surprising turn of events, albeit it remains to be seen how things play out in the long run. The TRON Price Decline is Very Real While it is only normal for altcoins to lose value when the Bitcoin price is in a
It seems evident the year 2018 is almost becoming the year of the cryptocurrency “dumpening“. All markets continue to struggle for no apparent reason and the prices are going lower every single day. These past 24 hours have been no different, although it seems the Ethereum price is getting battered quite badly. These past 24 hours have successfully pushed the Ethereum price below $550 and the bottom isn’t in sight just yet. Where is the Ethereum Price Heading Next? For the time being, the cryptocurrency markets do not seem to make much sense. With the Bitcoin price in the dirt,
Johannesburg-based investment management company, Sygnia Ltd., has announced its intention to launch a cryptocurrency exchange, Sygniacoin – which is expected to launch in the third quarter of 2018. Also Read: BTCC to Launch New Exchange Platform in June South African Wealth Management Firm to Launch Cryptocurrency Exchange Next Quarter South African investment management firm, Sygnia, has […]