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Most cryptocurrency enthusiasts will agree the year 2018 is best forgotten quickly. A lot of financial losses were sustained during this period. That is only normal, after the ludicrous end of year the market went through in 2017. A new report shows US investors lost nearly $2bn from trading Bitcoin alone. This allows for some … Read more
It is a very interesting week for all cryptocurrencies, albeit not necessarily for the most obvious reasons. A fresh wave of bearish momentum appears to affect all of the top markets. In the Ethereum price department, minor losses have become apparent in USD and BTC value. This also means the currency will not retake the … Read more
The case against the crypto banking ban by the Reserve Bank of India (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, so a new date has been set and the crypto case will be “top of the list” on that date. Also read: Indian … Read more
The Thai Ministry of Finance has rejected the last cryptocurrency exchange application it had been reviewing. The exchange, which has been ordered to close down business and return customer funds, is determined to stay operational. “Shutting down is not an option for us,” its chief strategy officer reportedly said. Also read: Indian Supreme Court Moves Crypto … Read more
It is still unclear what the short-term and long-term future will hold for Bitcoin and all other markets. The overall sentiment looks as bearish as it was throughout 2018. A repeat of the year 2017 might not necessarily happen soon, although that is only to be expected. Al Warms is confident the “crypto winter’ will … Read more
Banks in India have been closing the accounts of customers they believe have made transactions involving cryptocurrencies. The majority of crypto users in the country, however, have reportedly found a way to avoid their accounts being closed by their banks which are complying with the crypto banking ban imposed by the country’s central bank. Also … Read more
The cryptocurrency industry is subject to a lot of attention by criminals and hackers. This has caused many problems in the past, yet also affects present proceedings. The latest victim in this regard is Cryptopia, one of the more prominent altcoin exchanges. After a recent incident, the team confirmed someone accessed specific information and funds … Read more
The National Revenue Agency of Bulgaria is preparing to conduct inspections on cryptocurrency trading platforms and their customers. The authority wants to make sure that both are fulfilling their obligations under the country’s tax and social security laws. Also read: Denmark’s Tax Agency to Collect Information About Bitcoin Traders Nine Crypto Companies Subjected to ‘Control … Read more
Malaysia’s finance minister has announced that the order to regulate cryptocurrencies and initial coin offerings as securities has come into force. Crypto service providers and exchanges are required to obtain authorization from the country’s Securities Commission, which will work with the central bank to ensure compliance. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls … Read more
Not without an ample dose of skepticism, 2018 can indeed be referred to as the year of the stablecoin. Amid total backlash against Tether, and yet high demand for stable cryptocurrency as a means of settlement, a growing cohort of stable coin solutions were rolled out to the market. These appear to be the stablecoins that … Read more