South Korean prosecutors have searched the offices of three cryptocurrency exchanges suspected of buying bitcoin with money stolen from customers’ accounts. According to authorities, the companies turned up on the radar during investigations of dubious transfers in January. The raids have been conducted this week. Also read: Growing Number of South Korean Crypto Exchanges Participate […]
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Despite all its previous efforts to prevent the people it rules from engaging in the online trading of cryptocurrencies, the Chinese government is taking further action to deter the practice. According to reports, local internet users can still access the Chinese social media accounts of former-mainland exchanges abroad and regulators have now acted to prevent […]
Many of the major cryptocurrency exchanges have announced that a massive influx of new traders in late 2017 caused them to be overwhelmed, leading to degraded services or forcing them to close their doors to new clients. Much of the problem was the need to ensure compliance with complex KYC/AML regulations, which the companies struggled […]
Nigerians are trading close to $4 million worth of bitcoin a week on 13 local exchanges, despite multiple warnings by authorities against investing in cryptocurrencies. Experts have called on the government to rethink its position and adopt smart regulations, “allowing innovation to move forward”. Regulators need to understand how it works before applying bans, analysts […]
We know you heard this one before, but China wants to ban bitcoin…again. Only this time the government plans to use one of its most far reaching tools, the Great Firewall of China, to completely prevent anyone in the country from reaching foreign exchange sites. Unless they have the technical capability to bypass it, of […]
Ukraine, now serious about crypto regulation, is setting up a special working group to oversee the completion of the necessary framework. Dedicated legislation has been making its way through parliament since October. The National Bank is considering plans to emit “e-hryvnias”, while the justice minister says bitcoin is a fact and calls for its legalization. […]
Considering you’ve got to pay a network fee every time you want to transfer cryptocurrency, you’d be justified in wanting to avoid excessive exchange fees. It’s bad enough that the dollar value of Bitcoin transaction fees can be upwards of double digits, so there’s no need to get gouged on withdrawal and trading rates by your favorite exchange. That’s why we compiled this handy list of low-fee exchanges so that you can get the best bang for your buck investing that crisp Benjamin your granny gave you for Christmas. Our Pick of the Litter GDAX This technically isn’t the exchange with the
A massive influx of new clients begging you to take their money is the best kind of problem any business could dream of having. Nevertheless, bitcoin exchanges are now having to cope with such a situation by finding ways to reduce the load. As a result new traders are left with fewer options as, one […]