Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream

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A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s financial system, allowing financial institutions to directly offer a range of crypto products, including derivatives, … Read more

COSS Suddenly Suspends all Functionality for 3 to 4 Weeks

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When exchanges freeze withdrawals and trading, there is a genuine cause for concern. If that unavailability lasts for several weeks, something is often amiss. In the case of COSS, everything is going just according to plan.  Strange Behavior by COSS Earlier today, the exchange suddenly became virtually useless. In the email, it was confirmed that … Read more

Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens

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Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients. Regional reports disclose Lebanese bank customers often wait for hours in … Read more

Kraken Reveals 49% Increase in Law Enforcement Investigations

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The publication of crypto exchange Kraken’s 2019 Transparency Report has provoked discussion about the scale of government surveillance. According to the report, Kraken received 710 requests last year (or two per day), impacting approximately 1,222 accounts. The report provides further evidence that exchanges are coming under intense scrutiny as global governments get tough on crypto. … Read more

Honk Launches Token Sale to Fund SLP-Powered Sports Betting Site

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The team behind one of the most active tokens in the SLP ecosystem is launching a crowd sale to fund the development of a new sports betting site. The platform will require no identification from either users or investors, and will pay dividends directly in bitcoin cash and a number of supported SLP tokens. Also … Read more