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Regional news sources report South Korea’s financial authorities are working on legislation to formally allow initial coin offerings (ICOs) in an effort to appear more welcoming to the larger financial technology community. Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining South Korea Plans to Make ICOs Legit Online news source The Korean Times reported this … Read more
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 … Read more
Coinfloor have announced their group of cryptocurrency exchanges will now include Coinfloorex, a bitcoin futures exchange. Offering “institutional grade risk management and governance,” traders, hedge funds, and miners will get bitcoin futures “at scale” through “specifically designed cryptocurrency contracts and operational controls.” Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining Coinfloor Launches Physical … Read more
International Monetary Fund (IMF) Managing Director Christine Lagarde released a blog post Tuesday, March 13, Addressing the Dark Side of the Crypto World. In it, she argues increasing fascination with cryptocurrencies has brought along grave costs: money laundering, terrorism, and economic instability. Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining IMF Managing Director … Read more
The largest search engine on the planet, Google, announced formally it will restrict advertisement of “Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice),” including aggregators and affiliates regarding “cryptocurrencies and related content.” Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining Google … Read more
How many central banks are actually considering their own version of cryptocurrency is unclear, Russia and Venezuela being the most infamous examples. To perhaps ward off serious consideration from more established economies, the Bank for International Settlements (BIS), the world’s central bank to central bankers, is suggesting state-backed crypto might destabilize commercial banks’ customer deposits, … Read more
On Sunday evening, John Oliver devoted 25 minutes to cryptocurrency on his eponymous HBO Show. The comedian and political commentator treated viewers to a whistle stop tour of crypto – the good, the bad, and the ugly – during Last Week Tonight with John Oliver on HBO. Topics included decentralization, Bitconnect, and blockchain. Also read: Study … Read more
It would be an unusual week in bitcoin where there weren’t glum tidings to report, be it an exchange hack, regulatory clampdown, or edict from the east. It just so happens that this week witnessed all three – and on the same day, no less. You could call it bad luck, or you could call … Read more
Nabbed in conjunction with various administrative, civil, and federal prosecutions, the United States Marshals are preparing to auction over 2,000 bitcoin. The official sale is open to all countries, pending requirements, and will commence March 19th, 8am to 2pm Eastern, for a period of six hours. If successful, it could mean over 50 million USD … Read more
The Egyptian government has been called out in a new report that suggests they are not only spying on and censoring their citizens’ internet but also using them to mine cryptocurrency. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Government Mining Cryptocurrency Covertly The Citizen Lab, an interdisciplinary laboratory at the University … Read more