Cryptocurrency

Blockchain analysis firm expands Asia presence

Chainalysis is opening new offices in Tokyo and Singapore that will serve as hubs for sales, professional investigative services, and training, the blockchain analysis company announced on Twitter.  Chainalysis serves as a strategic partner to financial institutions, governments, and cryptocurrency businesses around the world, providing…

Grayscale adds 17,100 bitcoin to its reserves

Grayscale Investments has an increasingly voracious appetite for bitcoin. The crypto fund manager has increased the assets under management in its Bitcoin Trust by more than $180 million – 17,100 bitcoins –over the past several days, Cointelegraph reports. The company now has 449,900 total coins…

Indian crypto exchange proposes regulatory framework

A major Indian cryptocurrency exchange has developed a framework to regulate cryptocurrency in India that it says has the support of “all the Indian cryptocurrency stakeholders,” Cointelegraph reports. However, it is not clear yet which stakeholders helped develop the framework, or “sandbox,” which will be…

Korean KYC measures raise legal questions

The South Korean cryptocurrency sector has a legal headache. As the government makes preparations to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, legal experts have raised concerns about their incompatibility with existing laws. The new requirements for cryptocurrency exchanges would contravene the existing…

100 million people now use crypto: study

One hundred million people around the world are now holding bitcoin and other blockchain-based assets, according to the Cambridge Centre for Alternative Finance. In 2018, the 2nd Global Cryptoasset Benchmarking Study estimated the number of identity-verified crypto users was approximately 35 million globally. As of…

Growing institutional appetite for crypto: report

Institutional investors plan to focus more on crypto assets over the next five years, according to a new report from cryptocurrency insurance company Evertas. Evertas surveyed investors that oversee some $78.4 billion worth of collective assets, and 64% of respondents reported that they expect a…

Sydney Man Sentenced for Mining Cryptocurrency With CSIRO Supercomputers

A 34-year-old man will serve 300 hours of community service for illegally using the Commonwealth Scientific and Industrial Research Organisation’s (CSIRO) supercomputers and servers to mine cryptocurrency. The man worked as an IT contractor for the Australian government when he modified the CSIRO’s computer systems…

Police summon Bithumb boss for questioning

The chairman of a South Korean crypto exchange has been summoned by police for interrogation, Cointelegraph reports, citing state-run news agency Yonhap. The Seoul Metropolitan Police Agency wants to talk to Lee Jung-hoon, chairman of the board at Bithumb Korea and Bithumb Holdings, which are…

Bitcoin’s ascent will be slow & steady: Bloomberg

Megabulls such as PlanB are predicting parabolic short- to medium-term price moves for bitcoin, but Bloomberg analyst Mike McGlone believes the leading digital asset’s ascent to $100,000 will be a slow, steady and almost inexorable grind. The senior commodity strategist at the financial news service…

World’s first crypto bank gets green light

The mainstream adoption of crypto may soon be accelerated by the establishment of a pioneering bank dedicated to providing comprehensive deposit-taking, custody and fiduciary services for digital assets. The Kraken crypto exchange has announced that the American state of Wyoming has approved its application to…

India plans to ban crypto trading: Bloomberg

India is once again poised to crack down on crypto, according to a Bloomberg report. The government plans to introduce a new law banning cryptocurrency trading, a move that is decidedly out of step with other Asian economies, which have chosen to regulate the nascent…

Police raid Seoul crypto exchange

Police have raided Bithumb, the largest cryptocurrency exchange in South Korea, for the second time, according to Cointelegraph, which cited a Seoul Shinmun report. The Seoul Metropolitan Police Agency conducted additional search and seizure checks at Bithumb’s headquarters in the Gangnam District on September 7.…

Crypto crash: Time to panic or buy the dip?

Most cryptos have been bouncing up and down lately, with bitcoin falling below the psychologically significant $10,000 mark on Friday for the first time since late July before being pulled to safety by optimistic investors buying the dip. Crypto traders were rattled by a sell-off…

Is Polkadot the next Ethereum?

When its developers finally unleashed it on the market on August 20 after multiple delays, Polkadot (DOT) sparked a frenzy of excitement among investors, soaring from $2.82 to a high of $6.82 on September 1. At the time of writing it was $5.32, creeping back…

Crypto scammers target Indian PM’s Twitter account

The Twitter account of Indian Prime Minister Narendra Modi has been hacked, the social media giant confirmed Thursday. Tweets were sent from the prime minister’s feed asking for charitable donations using a cryptocurrency, but have since been taken down. “We’re aware of this activity and…

Naughty website embraces bitcoin

A leading pornography website is now accepting bitcoin and Litecoin as payment for its premium services. In a press release, Pornhub’s vice president Corey Price said: “As a leader in adult content with over 130 million visitors per day, Pornhub is excited to now offer…

Why China Rushes to Roll Out Digital Currency 

Commentary In April of this year, the Chinese regime announced that it would launch a digital currency pilot program. In early August, China’s four major banks—Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China—expanded digital currency testing…

Japanese crypto traders focusing on bitcoin: data

Most Japanese crypto traders who have entered the market in the last year may be investing exclusively in bitcoin. According to data published on August 19 by the Japan Virtual and Crypto Assets Exchange Association (JVCEA), bitcoin’s dominance in the Japanese market reached more than…

DeFi cryptos gain serious traction

Decentralized finance (DeFi) projects have been gaining some serious market traction over the past few months, collectively reaching a value of $9.02 billion. Aave continues to be the largest DeFi project, with $1.71 billion locked in, followed by MakerDAO with $1.43 billion, Balancer at $1.36…

Police seize Korean crypto exchange

South Korea’s third-largest cryptocurrency exchange has been seized by police following fraud allegations, according to Cointelegraph, which cited a report by the Seoul Shinmun. Police allege that 99% of Coinbit’s transaction volume was faked through wash trading. The Seoul Metropolitan Police raided and confiscated a…

Billions in crypto flowing out of China

Over $50 billion in cryptocurrency flowed out of China over the past 12 months amid the trade wars, according to a new study cited by a Bitcoin.com report. East Asia is the world’s largest cryptocurrency market, accounting for about 31% of all crypto transactions in…

The altcoins are really starting to pop

Have you ever made popcorn? Not that rubbish you zap in the microwave – the proper stovetop kind. Nothing happens for a while, but after the thin layer of oil at the bottom of the pot starts to sizzle and smoke, and the bright yellow…

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