Crypto News

South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now

Advertisement The chairman of South Korea’s primary markets regulator has reaffirmed the authority’s initial coin offering (ICO) ban in a top-level meeting on Thursday. Financial Services Commission (FSC) Chairman Choi Jong-ku has told lawmakers during the annual government audit in a parliamentary meeting that the authority will stick to its policy of a sweeping blanket […]

Crypto News

India’s Government is ‘Evaluating’ a State Cryptocurrency: Report

Advertisement A panel under India’s finance ministry tasked to propose regulations for cryptocurrencies like bitcoin is reportedly set to recommend a state cryptocurrency backed by the government, instead. Citing a senior official aware of discussions within the inter-governmental panel, Quartz is reporting that the group is set to suggest the development of a state crypto […]

Crypto News

Brazil: XP Investimentos’ Crypto Exchange Won’t Let Users Deposit or Withdraw Bitcoin

Advertisement The website of XDEX, the cryptocurrency exchange launched by Brazil’s biggest investment firm, XP Investimentos, is already up and accepting pre-registrations. It adds a few details on the crypto exchange, including that users won’t be able to send BTC to and from their personal wallets. The website, first spotted by local news outlet Portal […]

Crypto News

United Capital CEO: Blockchain Will Eventually Impact Every Financial Transaction

Although blockchain is still clearly in its early stages of adoption, it is becoming increasingly clear that the technology underpinning Bitcoin and cryptocurrency will ultimately affect the daily lives of all individuals. This sentiment is shared by Joe Duran, the founder and CEO of United Capital, who expressed his confidence in the blossoming technology while […]

Crypto News

‘Liquid Network’: Blockstream’s Bitcoin Sidechain is Now Live

Advertisement Samson Mow, chief strategy officer at Blockstream, announced today that the blockchain startup has launched the Liquid Network, a Bitcoin sidechain. Liquid is, as described by the company, “an innovative sidechain built on the Bitcoin network, facilitating faster bitcoin transactions between businesses and individuals, while enabling extended functionality.” The main purpose for the technology […]

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Coinbase Confident of Receiving FSA Approval, Intends to Set Security Standards in Japan

San Francisco-based cryptocurrency exchange Coinbase aims to set a new security standard in Japan, and is more confident than ever that it will receive approval from Japan’s Financial Services Agency (FSA) to operate an exchange in the region. Coinbase Optimistic About Expansion into Japanese Market On June 4, the most valuable cryptocurrency exchange in the […]

Crypto News

Bitcoin Price: Wait for Clear Bull Trend before Buying More Cryptocurrency

Advertisement Wall Street strategy firm Fundstrat Global Advisors is among the mainstream financial industry’s biggest long-term cryptocurrency bulls. However, the firm is advising clients to hold off on buying more bitcoin — at least for right now. Writing in a recent note to clients, Fundstrat technical strategist Robert Sluymer said that investors seeking to increase […]

Crypto News

Emergence of $100M Crypto Funds in Bear Market Shows Investors are Interested

Advertisement Over the past month, four major $ 100 million crypto hedge funds have debuted with strong backing from institutional investors, Wall Street, and high profile individual investors. Reality Shares, former Point72 Asset Management executive Travis Kling, and JCE Capital Management have announced the launch of $ 100 million hedge funds targeted at the cryptocurrency […]