Exchanges Roundup: UK MP Quits Ironx After Four Days, Daily OTC Volume Estimated at $250M

In recent news regarding cryptocurrency exchanges, a member of the British Parliament has quit his role with a cryptocurrency exchange just four days after joining the company, analysts have estimated the daily volume of the over-the-counter (OTC) cryptocurrency markets to be $250 million, and Poloniex’s new terms of use have banned residents of Germany, China, Pakistan, … Read more

Salt to Offer Crypto-Backed Loans in 7 Global Markets, 15 More US States

Salt, a cryptocurrency-backed loan service, has announced plans to launch operations in seven new jurisdictions throughout the world, while offering its services in 15 more U.S. states. It will also include litecoin (LTC) among its offerings, while providing more competitive interest rates and removing loan caps. Also read: Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic … Read more

IMF Pressures Marshall Islands to Drop National Crypto

The International Monetary Fund (IMF) has exerted pressure on the Marshall Islands to torpedo its proposed crypto. The move by the Washington-based global financial institution has been cited as evidence of the steps central bankers will take to thwart cryptocurrency adoption. The Marshall Islands’ decision could have ramifications that extend far beyond the confines of … Read more

Iran Officially Recognizes Cryptocurrency Mining

As economic sanctions start to bite, Iran is now looking to cryptocurrencies to ease the damage. The world’s third-largest oil-producer seeks to follow in the footsteps of Venezuela, which has issued an oil-backed digital currency called the Petro. But can Iran succeed where Venezuela is ostensibly faltering? Also read: As Zimbabweans Struggle for Cash, Even the … Read more

Washington Utility Increases Security Amid Crypto Mining Moratorium

A utility provider in Washington has ramped up security measures in anticipation of backlash in response to a moratorium recently placed on cryptocurrency miners by the company. Despite the measures, the company has not experienced a single incident requiring police assistance. Also Read: Ripple Sued for Alleged Violations of US Securities Laws Washington Utility Fears Backlash … Read more

Coinsource Installs 20 Bitcoin ATM Machines Around Washington DC

Buying cryptocurrency has just become easier for all residents of the US capital, as the American bitcoin ATM network, Coinsource, has now expanded into the Washington DC metropolitan area. With this latest installment, the company now boasts of operating almost 200 machines across the US. Also Read: Malta Attracts Cryptocurrency Exchange Okex Crypto Capital Coinsource, … Read more

Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US?

According to public documents the mining giant based out of Beijing, Bitmain Technologies, is allegedly building a data facility near Port Walla Walla, Washington called ‘Ant Creek.’ Also read: Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee Is Bitmain Quietly Constructing a Large Mining Facility in Washington State? The mining company and device manufacturer Bitmain … Read more

Why Venezuela’s New National Cryptocurrency El Petro Will Fail

Washington and legacy media are in a tizzy about Venezuela reportedly thwarting international sanctions by way of a dreaded state-backed cryptocurrency. A closer look reveals several stumbling blocks for the Bolivarian Republic: nonexistent reserves, hyperinflation, centralization, and the impossibility of actual redemption. The attempt will fail, if it’s ever rolled out, adding woes to a region … Read more