Monthly Archives: May 2018

South Korea’s Top Financial Watchdog Joins Probe Into Cryptocurrency Exchanges

S. Korea’s Financial Services Commission has joined an ongoing investigation into country’s crypto exchanges, called for “international discussion” of regulations. South Korea’s top financial regulator the Financial Services Commission (FSC) joined the ongoing probe into local cryptocurrency exchanges Sunday, May 13. The FSC will now be taking part in the anti money laundering investigation, hitherto led by the Financial Supervisory Service (FSS), in order to help expand its scope, news outlet Korea Times reports. Commenting on the agency’s move, Vice Chairman of the FSC Kim Yong-beom has […]

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Only 8.5% of Bitcoin and Cryptocurrency Traders Are Female

A new demographic analysis of people trading in cryptocurrencies has brought up some intriguing results such as that only very few are female, most have little to no previous experience, and many are students or working in sales and marketing roles. Also Read: Israel Tax Authority Hunts for Bitcoin Traders on Social Media Understanding Trading Demographics Market analysts for the social investing network and multi-asset brokerage, Etoro, have conducted a research of their vast user base to help the company better understand exactly who are bitcoin and […]

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Hodler’s Digest, May 7-13: From Facebook To NYSE, Mainstream Thinks Of Adoption

In a series of strong wins for blockchain adoption this week, Facebook is considering the technology for its messaging app, West Virginia ran the US’s first blockchain-based elections, and China plans to release blockchain standards by 2019. Top Stories This Week Owner Of New York Stock Exchange Mulls Over Addition Of Crypto Trading The New York Times reported this week that the NYSE might be giving its customers the option to buy and hold Bitcoin, an assertion backed up by documents, emails, and anonymous sources that confirm […]

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100+ Crypto Exchanges in South Korea – Government’s Real-Name System Ineffective

There are reportedly more than 100 exchanges in South Korea, most of which are not using the government’s real-name system. None of the small and medium-sized exchanges can use this system since banks have opted to only provide this service to the country’s largest exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 30% Conversion Rate It has been over 100 days since the government’s real-name system was implemented at the end of January. However, most crypto transactions are still not made through this system. All […]

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Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period

Zimbabwe’s central bank issued Circular to Banking Institutions No. 2/2018: Virtual Currencies, effectively banning all crypto activity in the African nation. Businesses dealing in decentralized currencies have 60 days to comply. Also read: India’s Supreme Court Keeps Ban on Banks’ Crypto Services, For Now Zimbabwe Bans Crypto Issued 11 May, the Reserve Bank of Zimbabwe, the country’s central bank, laid out seven points in ordering the shutter of things crypto within the southeast African nation. Referencing two previous circulars going back as far as three years ago, […]

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Remembering Satoshi’s Vision — As it Was Written

On October 31, 2008, Satoshi Nakamoto had a vision to share with the world — a protocol he called “bitcoin, a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” Since that time a whole lot has changed, and there is a vast cryptocurrency landscape with over 1,500 virtual currencies listed on data feed websites. It’s been a very long time since Satoshi left the community and his vision, the white paper, and even the protocol’s proof-of-work has been questioned multiple times over the years. […]

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Women In Blockchain And Crypto: How To Tackle Gender Inequality

There is a gender gap in the blockchain, cryptocurrency, and tech industries. Why are there so many more men than women in crypto, and what can women do to get more invested and involved? Disclaimer: The views and opinions expressed here are those of the author and do not necessarily reflect the views of Cointelegraph.com. The percentage of women invested and involved in cryptocurrency is far lower than that of men. This could be confirmed by numerous surveys and research studies. Moreover, incidents like the North American […]

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S. Korean Media: Electronics Giant LG Launches Own Blockchain Service ‘Monachain’

LG CNS, a subsidiary of South Korean LG Corporation has recently launched its own blockchain service, Yonhap News reports. LG CNS, a subsidiary of South Korean LG Corporation that supplies information technology services, has recently launched its own blockchain-powered service, local Yonhap News Agency reports Sunday, May 13. LG CNS’ own blockchain platform “Monachain” has been designed to enable blockchain-based logistics in the fields of finance, manufacturing and communication, according to Yonhap. One of the main deployments of Monachain provides a digital authentication system, as well as […]

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5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

With seemingly endless new altcoins claiming that they will change the world whilst generating exorbitant returns for investors, it can be highly informative to sometimes get a bird’s eye view of longer-term altcoin performance by digging through the annals of Coinmarketcap’s historic snapshots. When looking at a historic snapshot from May 12th, 2013, by far the best cryptocurrency purchase one could have made was bitcoin. Also Read: Markets Update: Cryptocurrencies Lose Steam During the Weekend BTC Top Performing Market Since May 12th, 2013 According to the snapshot, bitcoin […]

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This Week in Bitcoin: Ghost Scares Markets, Facebook Mulls Coin

This week’s round-up features a colorful selection of bitcoin stories but we’ll start with the possible explanation for recent market dips. Most cryptocurrencies dropped in price over the period, following developments with depressing effect on traders. In Japan, Mt. Gox’s bitcoins stored in court ordered wallets have moved again, while in South Korea, the largest exchange Upbit has found itself under investigation for suspected fraud.   Also read: Bitcoin in Brief Saturday: “Social” Coins, Crypto Vending, Blockchain Mileage Markets React to Disturbing News from Japan and Korea […]

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