There’s nothing that sends shock waves through the crypto markets like the prospect of regulation. And there’s also nothing so hard to establish on a global scale. After all, how can you regulate something when you can’t agree on what category it falls into, and when laws vary across jurisdictions and cultures? One Canadian exchange, Coinsquare, is taking an interesting approach that just might prove that in this fast-paced industry, slow and steady wins the race. The Canadian Cryptocurrency Market Canada is a country that believes in the potential of cryptocurrencies (the Bank of Canada even explored creating its own digital currency toward the end ofPowered by WPeMatico
The half billion dollar Coincheck exchange hack is still working its way through the ecosystem, carrying implications of all sorts. Rarely mentioned is how, at least in part, the exchange’s problems were due to a lack of crypto engineers in Japan. A dearth of engineering know-how is a perfect recipe for security gaps to be […]
During the height of the cryptocurrency trading mania, when major exchanges closed their doors to new clients in an effort to cope, it was not uncommon to see people offering big amounts to buy existing accounts. The following case should serve as a warning to anyone considering selling accounts, as you can never know what […]
South Korea’s financial watchdog today ordered a dozen cryptocurrency exchanges to update their adhesion contracts, which the agency claims causes problems for users in withdrawals, and generally puts the businesses way ahead of consumers on all levels. Also read: Trezor to Implement Bitcoin Cash Addresses South Korea Orders Exchanges to Revise Adhesion Contracts The Republic of […]
Cybersecurity has become one of the biggest threats of our time, with about 7% of the world’s economic output at risk of being stolen. Blockchain technology is one solution, which is why so many new blockchain startups have appeared on the scene to tackle the issue of cybersecurity, but is that enough? Which ones are actually effective? Looking at the most protected systems in the world – such as supercomputers employed by the U.S. military – we know that real solutions exist, but they’ve been neither affordable nor accessible to the general public. Blockchain startups have been bridging the gap, with one in particular catching the attention of
Bithumb has announced a new partnership with Korea Pay Services in a move meant to promote the use of cryptocurrencies for payments in retail outlets. The partnership will give Bithumb users the ability to use cryptocurrencies to make payments at offline stores. OVER 6,000 STORES TO BENEFIT Korea Pay Services is a mobile payment processor that processes electronic payments for 8,000+ retail outlets in South Korea. It became the first domestic company to provide mobile gift certificates in partnership with over 200 franchises. The partnership will enable Bithumb users to pay for products and services at over 6,000 outlets in the country
Two cryptocurrency exchanges from Chile have called on the country’s baking association (Asociación de Bancos e Instituciones Financieras or ABIF) to issue a clear position regarding the new industry. The companies took this step after a number of Chilean banks reportedly shut down their accounts just for dealing with cryptocurrencies. Also Read: Misleading Cryptocurrency ”Partnership” […]
Tech giant Yahoo is set to invest in cryptocurrency this year with plans to develop its own cryptocurrency exchange in a year’s time. Yahoo Japan has applied to purchase a 40% stake in BitARG, a cryptocurrency exchange that is registered in Japan under the Financial Services Agency (FSA). Market realignment Yahoo’s acquisition will lead to a major realignment in the crypto exchange industry in Japan. The acquisition will be made through YJFX, a wholly-owned subsidiary of Yahoo Japan headquartered in Tokyo that operates foreign exchange transaction services. The acquisition will cost YJFX $19 million (2 billion yen) and will be
The disappointing price performances of the cryptocurrency markets in January and February have apparently driven many bitcoin traders to avoid checking on their exchange accounts. Estimations of the total number of visits to the trading venues based on web traffic show a sharp decline month over month. Also Read: University Student Gang ”Breaking […]
It’s been a long time coming, but Coinbase has finally gotten its own index fund. On March 6, Coinbase announced it would offer an index fund sometime in 2018. Accredited US investors will now be able to speculate on the health of the crypto market through one fund instead of buying individual tokens. This addition from one of the world’s most popular exchanges could help bring new investors to cryptocurrency. What took so long? While Coinbase is continually evolving to meet market demand, it’s faced several hurdles since earning 43% of its annual income last December. Since then, rumors of new coins being