Why we need regulatory frameworks in the crypto space, with a focus on regulating the financial aspects of cryptocurrency-based operations. When Malta set out to provide a regulatory framework for the cryptocurrency sector, policymakers and advisers recognized how blockchain, distributed ledger technology and smart contracts, as well as related technologies, imposed new challenges to providing […]
Continue Reading
The plot thickens as Bithumb director’s shares are seized after he had applied for the seizure of the chairman’s shares. South Korea’s largest cryptocurrency exchange Bithumb has been raided by the Seoul Metropolitan Police for the third time this month, according to a report in a local media outlet. During the Sep. 16 raid, police […]
Continue Reading
The price of Bitcoin is showing stability above $10,000, and traders explain where BTC’s next big move is headed. The price of Bitcoin (BTC) has been ranging between $9,800 and $10,500 for nearly a week after a short fall from almost $12,100 seen on Sept. 1. As BTC struggles to show any distinctive price movement, […]
Continue Reading
Bithumb has remained quiet despite the second police raid in the course of a week. Bithumb, the largest cryptocurrency exchange in South Korea, is reportedly facing more police raids in Seoul. The Seoul Metropolitan Police Agency has conducted additional search and seizure checks at Bithumb’s headquarters in the Gangnam District on Sept. 7, local publication […]
Continue Reading
Bithumb legal issues do not stop in South Korea. A judge in the Seoul Central District Court dismissed two claims filed by individuals against the controversial crypto exchange, Bithumb. The individuals were seeking $126,000 and $38,000 respectively for damages related to a data breach incident back in 2017. According to Fn News, plaintiffs Hong and […]
Continue Reading
Another exchange in South Korea comes under the police spotlight. Seoul police have reportedly raided Bithumb, the largest cryptocurrency exchange in South Korea. According to a report by local publication Seoul Shinmun, an intelligence crime unit at the Seoul Metropolitan Police Agency has reportedly conducted search and seizure investigations at Bithumb’s office in the Gangnam […]
Continue Reading
FTX exchange demonstrates retail expansion aspirations as it acquires the number one crypto app. Blockfolio is off the table, and with it goes the second — and arguably final — opportunity for a crypto exchange to add millions of existing retail users to its ecosystem. Following Binance’s acquisition of CoinMarketCap (CMC) earlier this year, crypto […]
Continue Reading
The app is among the top 5 most popular DApps in the world and it is available for both Android, iOS, and macOS users. Tachyon Protocol, a blockchain-based network set up by proof-of-stake creator Sunny King, reported its decentralized virtual private network, or VPN, reached 1 million users worldwide last week after only six months. […]
Continue Reading
Wash trading hurts investors and taints the crypto industry, but extinguishing it will be difficult absent global regulation. When Bitwise Asset Management declared in a March 2019 presentation to the United States Securities and Exchange Commission that 95% of the Bitcoin (BTC) trading volume being reported globally on cryptocurrency exchanges was “fake,” it jolted rating […]
Continue Reading
Brian Armstrong says regulators would be “up in arms” with Monero listed on Coinbase, even as Binance and Kraken offer support for the token. Brian Armstrong says Coinbase won’t be listing privacy coins like Monero (XMR) as they’re still untested grounds for regulators in the United States. In a July 24 interview with Peter McCormack […]
Continue Reading