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Hyperinflation has taken off to cartoon proportions in Venezuela, leaving the government to take rather drastic steps in trying to restore confidence in its domestic market. That’s a very heavy, ambitious goal, and so the government ordered banks and exchanges to remove five decimal places in the hope of curbing hyperinflation. And to limit further … Read more
Japan’s top financial regulator says it does not intend to excessively curb the crypto industry. Licensed Japanese crypto exchange Quoine is launching a new platform with “enhanced price matching and deeper liquidity.” Meanwhile, a new association has been established for crypto practitioners. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Quoine Launches New Platform … Read more
In recent regulatory news, Chinese authorities have issued a warning seeking to encourage citizens to be skeptical regarding the promotional claims of illegal fundraising schemes operating with cryptocurrencies, Singapore Exchange and the Monetary Authority of Singapore have partnered with Anquan, Deloitte, and Nasdaq to settle tokenized securities using distributed ledger technology, and Hungary’s finance ministry … Read more
Since the Reserve Bank of India (RBI), the country’s central bank, banned banks from providing services to cryptocurrency businesses, traders are increasingly trading on peer-to-peer (P2P) platforms. Local crypto exchanges have come up with a number of exchange-escrowed P2P solutions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Localbitcoins Trading volumes in both the … Read more
In recent news pertaining to cryptocurrency regulations, Alibaba and Tencent are collaborating with Chinese authorities to monitor and prevent peer-to-peer cryptocurrency trading via their respective mobile payments platforms, a 21-year-old has been indicted for operating an unlicensed cryptocurrency exchange, and Coinbase has filed with the U.S. Patent and Trademark Office for a mechanism designed to … Read more
One of Canada’s largest cryptocurrency exchanges, Coinsquare, is expanding into the European market. This is the exchange’s first international expansion under its own brand. Its previous expansions were through partnerships with other companies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space European Expansion Ontario-based cryptocurrency exchange Coinsquare announced on Thursday, August 23, its plan … Read more
One day after the U.S. Securities and Exchange Commission (SEC) rejected proposed rule changes for nine bitcoin ETFs, the Commission initiated a review of all related decisions. Three rejection orders made on August 22 are now stayed pending the review by the SEC Chairman and the Commissioners. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
Revolut Metal is the latest offering from the United Kingdom-based digital bank, Revolut. It claims to return cryptocurrency cash back on purchases, higher withdrawal limits, and even a personal concierge service. Offered initially to its 10,000 strong premium clients, Revolut intends to open the card to everyone in order to meet demand. Also read: GPU … Read more
Gartner, Inc., a research and advisory firm specializing in the financial and IT industries, recently published a report that asserts blockchain has entered the “trough of disillusionment” with regards to the technology’s lifecycle of hype and adoption. Also Read: Bitmain Unveils New 18 Terahash Water-Cooled Bitcoin Miner Blockchain Enters “Trough of Disillusionment” According to Gartner “Hype … Read more
Japan superstar professional soccer player, entrepreneur and investor Keisuke Honda, 32, was appointed by the Japanese crypto exchange Bitpoint to promote its brand, the company announced earlier this week. Honda appeared at the same time in a commercial for Bitpoint shot in Hollywood. Also read: Soccer Star Leo Messi Promotes Ultra-Secure New Crypto Phone Honda to … Read more
