Venezuela’s president Nicolas Maduro has authorized all savings banks in the country to mine and use the recently launched national cryptocurrency, the petro. Union leaders are outraged by the suggestion, calling the petro a scam, accusing Maduro of abusing his power, and declaring the idea unconstitutional. Also read: Indians Look to Buy Bitcoin Overseas as Regulations […]
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Venezuela’s president Nicolas Maduro has ordered the country’s consular services, as well as several other services and gas stations, to accept any cryptocurrency including the nation’s own petro. In addition, he has announced the launch of another cryptocurrency, this time backed with gold. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Maduro’s Orders […]
Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten 21 Exchanges Participating So Far The Korean Blockchain […]
The head of the Russian State Duma Committee for Economic Policy has proposed legalizing cryptocurrencies in order to attract foreign investments including from countries with anti-Russian sanctions. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Proposal to Legalize Cryptocurrencies The chairman of the State Duma Committee for Economic Policy, Sergey Zhigarev, proposed the […]
South Korea currently has no law against government officials insider trading with the knowledge of cryptocurrency regulations. The case against an employee of the country’s Financial Supervisory Service (FSS) accused of crypto insider trading has come to a standstill without grounds for punishment. However, the government has worked out a plan to prevent future occurrences. […]
The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Supporting ‘Normal’ Crypto Transactions The director of […]
According to recent data collected by the South Korean government, the accumulated commission income of the country’s 30 cryptocurrency exchanges last year was 87.5 times that of the previous year. The vast increase in income and crypto transactions was largely contributed by the newcomer exchange backed by Kakao Corp. Also read: Indians Look to Buy […]
A system to guarantee the investments in initial coin offerings (ICO) is being built in Russia by Globex, a commercial bank subsidiary of the state-owned VEB bank, and the Russian Association of Cryptocurrency and Blockchain. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten System of Guarantees “The first system of guarantees for investments […]
Mainstream web magazine Salon has started allowing its readers an ad-free site, if readers start mining cryptocurrency for them, after sustaining a decline in income due to ad blocking technology. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License Salon’s Mining Initiatives Salon, a left-leaning political and lifestyle webzine started in 1995, has launched […]
The number of global cryptocurrency hedge funds has reached a record high of 226, according to research firm Autonomous Next. The hedge funds tracked by leading hedge fund database provider Eurekahedge show a return of 1,477.85 percent in 2017 on average. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies 226 Crypto Hedge […]