Monthly Archives: April 2018

Chilean Crypto Exchanges Appeal Against Banking Embargo

A number of Chilean cryptocurrency exchanges have sought to appeal the recent decision by several Chilean banks, including state-owned Banco del Estado de Chile, to suspend the accounts of cryptocurrency exchanges. Also Read:Alleged British Bitcoin Scammer Extradited to US for Defrauding Over $36 Million Chilean Crypto Exchanges to Receive Appeals Hearing Banco del Estado de Chile headquarters in Santiago It has been reported that Chilean cryptocurrency exchange platforms, Buda, Orionx, and Cryptomkt, have successfully sought to have their cases heard by an appeals court – the Court […]

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Chilean Crypto Exchanges Go To Court To Fight The Banks ‘Killing An Entire Industry’

Chilean cryptocurrency exchanges BUDA, Orionx, and CryptoMarket to confront the banks closing their accounts in court. Chilean cryptocurrency exchanges BUDA, Orionx, and CryptoMarket (CryptoMKT) have recently applied to an appeals court to confront the banks that shut down their platforms’ accounts, Bloomberg reported Friday, April 13.  The court has agreed to hear the case, but the bank accounts are still closed. According to local news outlet Emol, the banks Itau Corpbanca and Scotiabank announced the closure of the bank accounts of BUDA and CryptoMKT on March 19. […]

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Meet Memo: An On-Chain Social Network Built on Bitcoin Cash

There’s a new website bitcoin cash proponents are chatting about called Memo. It’s an on-chain social network built on the Bitcoin Cash network. The creator of Memo says the platform is both a protocol and a front-end application that uses the BCH chain to store written data. Also Read: Coinsource Installs 20 Bitcoin ATM Machines Around Washington DC An On-Chain Social Network Built on the Bitcoin Cash Blockchain Called Memo On April 15 a new on-chain social network was launched for the Bitcoin Cash blockchain called Memo. The […]

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BitRewards: Giving you the Opportunity to get Loyalty Points, CashBacks and Rewards in Cryptocurrency

A Brief History BitRewards is actually a branch and brainchild from GIFTD.tech- a 5 year old business that offers a similar service in the sphere of gift cards, rewards and loyalty points. GIFTD that has already been running successfully for a good while now and has built up an impressive following. GIFTD is focused mainly on small and medium scale businesses. BitRewards began conceptualising in late 2016 and by the time Christmas Day in 2017 rolled around, they were ready to begin the start of their token […]

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How Australia Is Becoming A Cryptocurrency Continent: Markets, Regulations And Plans

Australia has taken the lead when it comes to cryptocurrency regulation, and has done so with many positive and balanced intentions The very nature of cryptocurrencies dictate that regulation, control, and by extension, a centralized system, do not fit in with what they stand for. They are supposed to be totally decentralized, and therefore not dictated by many rules. This made a lot of sense when cryptocurrencies were not in the spotlight, and not a major factor on the world stage. However, as mainstream adoption has increased, […]

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Bitflyer Contests Reports of Insufficient Customer Verification Process

Japan’s largest cryptocurrency exchange Bitflyer has contested media reports that the Japanese financial regulator has deemed its user verification process to be insufficient. Nonetheless, the exchange admitted to being in talks with the authority and has implemented additional measures. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Reports of Financial Regulator’s Concerns The largest Japanese crypto exchange by volume, Bitflyer, has issued a statement in response to media reports that the Financial Services Agency (FSA) has asked the exchange to strengthen its user verification procedure after […]

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CNBC Fast Money’s Brian Kelly: Bitcoin Is Like The ‘Internet In The 1980s’

Brian Kelly of CNBC’s Fast Money said in an interview that cryptocurrency is more like the Internet in the 1980s, rather than in 1995 as he had previously thought. Brian Kelly of CNBC’s Fast Money compared cryptocurrency to the “Internet in the 1980s,” emphasizing that Bitcoin (BTC) is still in its early stages in an April 13 interview on CNBC’s Trading Block. When asked about Bitcoin’s potential, Kelly answered that while he used to see crypto as comparable to the Internet in 1995, he now understands that […]

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Alleged British Bitcoin Scammer Extradited to US for Defrauding Over $36 Million

The FBI has announced on Friday that Renwick Haddow, a 49-year old UK national, has been extradited to the US from Morocco to face charges at the Southern District Court of New York. He is accused of defrauding more than $36 million from victims by making material misrepresentations and misappropriating investment funds in two companies, Bitcoin Store and Bar Works. Also Read: Malta Attracts Cryptocurrency Exchange Okex Fake Bitcoin Broker Extradited Haddow was arrested in Morocco under a provisional arrest warrant in July 2017 after the SEC […]

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Russia: Crypto Bill Review Regulates Crypto-Fiat Transactions Over $9.6K, Report Says

A review of Russia’s “On Digital Financial Assets” draft bill specifies that large crypto to fiat exchanges are subject to certain regulations, local sources report. The Russian government has reportedly prepared a review of the draft bill “On Digital Financial Assets,” detailing that the exchange of cryptocurrency for fiat for more than 600,000 rubles (about $9,600) or its foreign equivalent is subject to mandatory currency exchange regulation, according to local crypto news outlet Forklog Friday, April 13. This review has not yet been presented to the State […]

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Coinbase Uses Crypto Winter to Expand – Acquires Decentralized Wallet Startup

Crypto winter? What crypto winter! The exchange arguably most responsible for onboarding bitcoin investors, Coinbase, has not allowed sour price levels to keep them complacent, conservative. Instead, they’ve maintained a breakneck pace, forming a venture capital fund, hiring top executive talent, and now they’re gobbling up competitors such as Cipher Browser. Also read: Russian Court Bans Telegram, Founder Pavel Durov Defiant Coinbase Expands Depressed prices force weak hands out, and ill-prepared businesses begin the sorrowful process of inevitable decline, issuing layoffs and regimes of belt tightening. Such is […]

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