Monthly Archives: May 2018

Six Japanese Public Companies Announce Plans to Launch Crypto Exchanges

This week, a number of companies listed on the Tokyo Stock Exchange revealed their plans to enter the crypto exchange business. They include one of the most popular budget-managing app operators, an entertainment conglomerate, one of the largest music labels, and a medical corporation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Money Forward Budget-managing app operator Money Forward Inc (TYO: 3994) made two crypto-related announcements this week. Launched in 2012, the company “has grown rapidly to become one of the hottest financial technology startups, with […]

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South African Police Investigate Alleged Crypto Ponzi-Scheme Involving 28,000 Investors

South African Police are investigating an alleged crypto ponzi-scheme in which over 28,000 investors are said to have suffered losses exceeding $80 mln. South African Police are pursuing an alleged major cryptocurrency investment fraud, according to a police statement released yesterday, May 25. According to the statement, over 28,000 investors are said to have suffered losses exceeding 1 bln rand ($80.4 mln). The Hawks, an investigative unit of South Africa’s Directorate for Priority Crime Investigation (DPCI), have outlined the case, which they say involves “BitCaw Trading Company, […]

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331 High-Income Traders Declared Crypto Profits in Japan

The Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Declaring Crypto Income The Japanese National Tax Agency announced on Friday the number of people with 100 million yen (~US$914,000) or more miscellaneous income that includes income from […]

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Bchpls.io Enables Free Bitcoin Cash Point-of-Sale Platform

There’s a new Point-of-Sale (PoS) service the Bitcoin Cash community has been talking about called, Bchpls.io, an app that enables any brick n’ mortar merchant to accept BCH with just two devices by providing a customer screen, and a cashier view. Bchpls is currently in open beta which means the public can test the software at their own discretion, so news.Bitcoin.com decided to test the program’s feature services. Also read: Chinese Exchange Launching Southeast Asian Crypto Trading Hub Giving the New PoS System Bchpls.io a Test Run This […]

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Russian Central Bank’s Deputy Governor: Blockchain Tech Still Needs to ‘Mature’

The First Deputy Governor of the Russian Central Bank has said that blockchain technology is not yet “mature” enough to be used on an industrial scale. First Deputy Governor of the Russian Central Bank Olga Skorobogatova has said that blockchain technology is not yet “mature” enough for industrial-scale use, local media outlet Prime reports today, May 26. During a discussion at the St. Petersburg International Economic Forum, Skorobogatova suggested that the emerging technology still requires improvements. According to her, the technology has not yet been applied on […]

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Wendy McElroy: The Centralization of Crypto and the Banality of Evil

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 3 The Centralization of Crypto and the Banality of Evil First we must realize that all actions are performed by individuals… If we scrutinize the meaning of the various actions performed by individuals we must necessarily learn everything about the actions of the collective whole. For a social collective has no existence and reality outside of the individual members’ actions. –Ludwig von Mises In 1963, the political philosopher Hannah Arendt wrote a book […]

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Markets Update: Bear Market Adds Cryptocurrency Trading Uncertainty

Cryptocurrency markets have had a rough week over the last seven days as many digital assets lost quite a bit of value most had gained two weeks prior. Currently, markets are seemingly consolidating and have remained somewhat stable over the last 24-hours. At the moment Bitcoin Core (BTC) values have been hovering around $7,470-7,560 during the last few hours. Meanwhile, Bitcoin Cash (BCH) prices are steadily holding just above the $1K region at $1,038 per BCH at the time of publication. Also Read: Bank in Argentina Launches BTC […]

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Spending Bitcoin in Europe Is Getting Easier Thanks to Wirex and Paytomat

European cryptocurrency holders have reason to be cheerful. Slowly but surely it’s becoming easier to spend BTC, BCH, and a range of other cryptos throughout the continent, with payment services like Wirex and Paytomat leading the charge. It’s now possible to spend bitcoin in hundreds of restaurants and stores throughout Eastern Europe, as well as anywhere that accepts Visa in the whole of mainland Europe and the UK. Also read: SA Central Bank Comes Up With Another Nickname for Cryptos – “Cyber Tokens” Wirex Rolls Out Its New […]

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UK Financial Regulator Opens 24 Investigations Into Crypto Businesses for Compliance

UK financial regulator the FCA has confirmed opening 24 investigations into cryptocurrency businesses. UK authorities have opened 24 investigations into cryptocurrency businesses over financial regulatory compliance, local media outlet CityWire reported May 25. Responding to a freedom of information request, regulator the UK’s Financial Conduct Authority (FCA) also confirmed it had opened seven whistleblower reports since the start of the year. While the FCA did not mention which specific businesses were on its radar, a response to CityWire stated that the investigations were being made in order […]

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