Monthly Archives: August 2018

Saudi Regulators Warn Against Trading Cryptocurrencies, Citing ‘High Market Risks’

The Saudi government has warned the public that dealing with cryptocurrencies is prohibited in the country. A governmental committee of the Kingdom of Saudi Arabia has warned the public that trading digital currencies is illegal in the country, according to an Aug. 12 announcement by the Saudi Arabian Monetary Authority (SAMA). The warning was issued by the Standing Committee for Awareness on Dealing in Unauthorized Securities Activities in the Foreign Exchange Markets. The standing committee was established by supreme decree headed by Capital Market Authority (CMA), and […]

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Spanish Left-Wing Political Coalition Proposes Subcommittee to Study Blockchain, Crypto

A Spanish left-wing political coalition suggests establishing governmental body to explore blockchain tech and crypto regulation. Spanish left-wing political coalition Unidos Podemos has called on the state to explore and implement the benefits of blockchain technology, local news agency Europa Press reported August 12. Podemos, formed from left wing parties Podemos, United Left, Equo and others has suggested that the Spanish government establish a subcommittee responsible for studying the potential of blockchain technology as well cryptocurrency regulation. Alberto Montero, the deputy of the political alliance, has reportedly […]

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Communist Party of China Releases Primer on Blockchain Technology

The Communist Party of China has released a book on blockchain basics, origins, and future application scenarios. The Communist Party of China (CPC) has recently released a primer on blockchain technology and its possible applications, according to an official press release on the CPC website Aug. 13. According to the statement, the book by China’s Communist Party provides a scientific description of key blockchain features, its origin, future application scenarios, as well as major challenges associated with the adoption of the new technology. By introducing the book, […]

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Coinbase Index Fund Reduces Annual Fee to ‘Attract Institutional Investors’

Coinbase Index Fund announces it is reducing its annual management fee from 2 to 1 percent, as well as adding Ethereum Classic. Cryptocurrency exchange and wallet service provider Coinbase has announced updates to its Index Fund in a blog post published today, August 13. The U.S.-based platform stated that it will reduce its Index Fund’s annual management fee “for all new and existing investors” from 2 to 1 percent, explaining: “We’re reducing our fee in order to attract investors who are familiar with lower-fee index funds in […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 13

Amidst a massive plunge of the Turkish lira, cryptocurrencies are increasing in popularity among the country’s citizens – will it impact the prices? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Turkey is facing a crisis as its national currency is plunging. The 10-day volatility of the lira […]

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Silk Road Questions Unanswered as Ulbricht Gathers 60K Clemency Signatures

Ross Ulbricht was sentenced to life in prison back in 2015 for operating the Silk Road marketplace but many people believe he should be set free. The Ulbricht family, aided by his new Twitter account @RealRossU, has managed to gather close to 60,000 signatures in a petition for his clemency. Meanwhile, many questions surrounding the government’s Silk Road investigation and the sale of Ulbricht’s bitcoins. Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip The Many Unanswered Silk Road Questions Suppressed by the US Government Ross […]

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Ethereum Crashes to 9-Month Price Low Below $300, While Bitcoin Shows Resilience

As the wider market slides, Ethereum has plummeted to multi-month lows below $300, although Bitcoin is holding its recent gains. August 13: Crypto markets have today failed to sustain their short-lived recovery, with Ethereum (ETH) plummeting to a multi-month low below $300 and only a scant few altcoins spared from the widespread losses, as Coin360 data shows. Bitcoin (BTC) is seeing only minor losses on the day. Market visualization from Coin360 Ethereum (ETH) is currently trading at $288, down a stark 9.77 percent on the day. Having […]

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Binance Denies 400 BTC Listing Quote; Accuser Responds “You are a F***king Liar”

News.Bitcoin.com feature ‘Cryptowhispers’ reported on what has turned from rumor to an all-out verbal war between two well-known figures in the cryptoverse. It began last week when Christopher Franko, co-founder of the Expanse project, took to Twitter and accused popular exchange Binance of quoting 400 bitcoin to list a token. The exchange’s head, Changpeng Zhao, has since responded rather personally to Mr. Franko, and, well, all hell has broken out. Get some popcorn. Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots Binance Slams Expanse Co-Founder for […]

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Blockchain Among Targets of South Korea’s $4.4 Billion Domestic Investment Plans for 2019

The South Korean government wants to pump almost $5 billion into sectors including blockchain next year. South Korea announced it would “nurture” eight sectors of the domestic economy, including blockchain, by investing 5 trillion won (about $4.4 billion) next year, local media outlet Yonhap reports Monday, August 13. According to the results of a meeting involving the country’s finance ministry, the government opted to increase the amount spent on areas such as blockchain, big data and artificial intelligence (AI) by 65 percent from 2018 estimates. “The measures […]

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Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China

A new crypto cafe and coworking space, called Hash House, has been established in the city of Xi’an, China. It seems like a cool place to go whether you want to learn about the latest trends, develop your own project, or just grab a coffee for BCH. Also Read: The Daily: Huobi OTC to Support Dồng, Dymon Asia Backs Crypto Platform Say Hello to Hash House Hash House is a new crypto-themed cafe and coworking space in the Chinese city of Xi’an, the capital of Shaanxi Province […]

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