Monthly Archives: June 2018

Bearish Markets See Only Slight Gains – BTC Still Below $7k, ETH Testing $500

Bearish markets are seeing slight gains today, with almost all top 10 coins in the green after yesterday’s sharp losses. Crypto markets are seeing a modest recovery today, June 11, with almost all top ten coins in the green, as data from CoinMarketCap shows. Market visualization from Coin360 Bitcoin (BTC), which dropped below the $7,000 mark June 10, is currently trading at $ 6,760 as of press time. The leading cryptocurrency has seen slight gains of 0.20 percent over the past 24-hour hours, but is down about […]

More info

Another US Bitcoin Trader Faces Prison for Illegal Money Transmission

This week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins.   Also read: Bitcoin Cash Innovation Continues with the First On-Chain Atomic Bet LA Woman Called the ‘Bitcoin Maven’ Convicted for Selling Bitcoins Without a License U.S. law enforcement has arrested and convicted another Localbitcoins seller who reportedly made $300K per […]

More info

CEBIT ’18: IOTA and Volkswagen Present Proof of Concept for Autonomous Cars

IOTA and Volkswagen present their Tangle-driven Proof-of-Concept for connected cars at the CEBIT ‘18 expo in Germany. IOTA and Volkswagen are demonstrating a Proof-of-Concept (PoC) that uses IOTA’s Tangle system for autonomous cars at the Cebit ‘18 Expo in Germany today, June 11th. The PoC enables Volkswagen to use IOTA’s Tangle architecture to transfer software updates “over-the-air” as part of the car manufacturer’s new “Connected Car” systems. Tangle is different than blockchain, in that it does not use “blocks” or mining, but rather is built upon a […]

More info

South Korean Exchange Coinrail Hacked, $40 Million in Crypto Reported Stolen

South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens. Executives announced that roughly 30 percent of the tokens the exchange was housing have been taken, which amounted to nearly $20 million worth of NPXS (Pundi X) tokens, $14 million of Aston X, $6 million in tokens for Dent and over $1 million TRON. At press time, an investigation is underway, and […]

More info

“You Can’t Ban Blockchain. It’s Math”: a Talk with Jimmy Wales

An interview with the co-founder of Wikipedia about the good and the bad of the crypto industry. This interview has been edited and condensed. ‘Jimmy Wales is good at failure.’ Who would think that? Apparently, Jimmy would, as this is the message he was spreading during his speech at the biggest crypto conference in Europe, BlockShow, calling failure ‘an essential part of innovation.’ But the importance of not giving up is also clear from his speech, as the co-founder of multilingual online encyclopedia shared that Wikipedia was […]

More info

Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations

Canadian bitcoin investors and cryptocurrency traders are going to be subjected to an increased level of market surveillance soon if the government has its way. Once the proposed regulations are implemented, every transaction above $10,000 CAD will have to be reported. Also Read: Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets Crypto Exchanges to Report as MSBs The Department of Finance Canada has issued a Regulatory Impact Analysis Statement regarding proposed amendments to the country’s AML/ATF regime. The statement suggests that Canadian crypto […]

More info

Swiss Bank to Allow Business Accounts for Crypto Companies

Switzerland’s mortgage bank Hypothekarbank Lenzburg (Hypi) has announced that it will open business accounts for crypto companies. While cryptocurrency and blockchain technology have been widely accepted in Switzerland, the banks have not been as friendly. With the exception of the Falcon Private Bank, which offers asset management services, Hypi will be the first Swiss bank to open its arms to the crypto community. Hypothekarbank Lenzburg CEO Marianne Wildi said that a bank like Hypi, focused primarily on technology, has to engage with the blockchain industry. “As a […]

More info

Crypto Exchange Binance to Offer Fiat-Crypto Trading via Malta-Based Platform

Cryptocurrency exchange Binance, which recently opened a bank account in Malta, will soon be adding crypto-euro trading through a local exchange there. Crypto exchange Binance announced plans to allow fiat-crypto trading this year through a separate Malta-based exchange, a Binance representative told Cointelegraph today, June 11.   Binance is currently the second largest cryptocurrency exchange by 24-hour trading volume, seeing about $1.5 bln in trades on the day to press time. While Bloomberg reported today that Binance will “soon allow customers to convert digital tokens into fiat […]

More info

Number of Japanese Bitcoin Spenders Slowly but Steadily Increasing Says Bic Camera

A year after the Japanese government recognized cryptocurrency as a legal form of money, bitcoin payments are steadily going mainstream. Bic Camera is one of the most profitable electronic, cosmetic and duty-free goods stores in Japan. It has now revealed that even though less than 1% of payments have been made in BTC since it started accepting bitcoin last year, the number of Japanese bitcoin spenders is slowly and steadily increasing, it observed.  Also read: Media Frenzy in Japan as Bic Camera Starts Accepting Bitcoin Bic Camera’s Year-Long […]

More info

Lithuanian Gov’t Releases ICO Guidelines That Aim to Create ‘Certainty and Transparency’

Lithuania’s government continues to get to grips with ICOs and securities in new legislative commentary. Lithuania has released comprehensive new “guidelines” on Initial Coin Offerings (ICOs) in a document published June 8.  Officials are heralding the move as a “step towards certainty and transparency” in the country. Coming two months after the government set up a roundtable to establish dialogue between banks, ICO operators and other entities, the guidelines see confirmation from Minister of Finance Vilius Šapoka that ICOs “should be regulated.” “Lithuania already has an exceptional […]

More info
1 2 3