Category Archives: Crypto Daily

Another Thai Bank Shuts Down Accounts of Local Crypto Exchange

Another major Thai bank is reportedly terminating transactions involving cryptocurrencies through the bank accounts of a local crypto exchange. This decision follows a similar move by another major Thai bank, Bangkok Bank, to terminate the same exchange’s bank accounts. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Second Bank Closes Account of Crypto Exchange A major Thai financial institution, the state-owned Krungthai Bank, has “shut down crypto trade accounts,” the Bangkok Post reported on Monday. The bank has become the second in Thailand “to terminate transactions […]

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Bitwala Launching Full-Fledged Crypto-Friendly Banking Service with Debit Card

Bitwala has announced that it is launching a new banking service with real debit cards. Its application with the Federal Financial Supervisory Authority of Germany (Bafin) is pending. Once approved, customers’ funds will be guaranteed up to €100,000. The move follows the suspension of the company’s prepaid Visa cards. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Bitwala’s New Banking Service Blockchain-based payment service provider Bitwala announced on Monday that it is building an online bank account service, “enabling a seamless transition between the crypto and fiat […]

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Chinese Entrepreneur Warns Against Mining and ICO Bans

Angel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency sector, in addition to arguing that many of the challenges faced by cryptocurrencies are indicative of the typical “development process” experienced by emerging monetary forms. Also Read: Cryptocurrency Exchange Poloniex Has Been Bought by Circle Meiti Founder Argues Mining Could Comprise […]

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PR: CryptoWorld LLC Announces Wall Street and the Internet of Money Conference.

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Over 30 of the world’s leading blockchain, cryptocurrency and investment experts to speak on a variety of important topics, including regulation, crypto based products, capital raising and valuation at the Intercontinental Hotel in Times Square on March 22nd 2018. New York NY. […]

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Apple Co-Founder Steve Wozniak’s Bitcoin Stolen

Last year, Apple’s co-founder Steve Wozniak (Woz) revealed he’d purchased bitcoin, likening it to being better than gold. And then, months later, Woz announced he’d sold it all. In the process of selling off his gains, it turns out he was defrauded out of a substantial sum. Also read: How To Regain Control From Nanny Zuck Steve Wozniak Defrauded Out of Bitcoin One of the men behind the world’s most profitable company, Apple, co-founder Steve Wozniak explained to India’s The Economic Times he was defrauded out of a […]

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Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange

The Supreme Court of Israel issued a temporary injunction order on Monday forbidding Bank Leumi from sweepingly halting the account activity of the Bits of Gold bitcoin exchange. This is seen as a major victory in the Israeli cryptocurrency industry that will set a precedent for other bitcoin businesses struggling to get banking services. Also Read: Israeli Bitcoin Company Sues Banks for Not Letting it Open Accounts Bits of Gold vs. Leumi Since its inception in 2014, Bits of Gold has, which is licensed as a currency […]

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Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust

Japanese cryptocurrency exchange Coincheck is reportedly considering a capital tie-up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost. As multiple victim groups are preparing to sue the exchange, the Tokyo police is also stepping up its investigations. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Possible Capital Tie-Up The Tokyo-based cryptocurrency exchange Coincheck is reportedly “considering a capital tie-up to strengthen its financial base and regain trust following a massive cryptocurrency […]

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Bitfract by Shapeshift Lets You Swap One Cryptocurrency for Many

Instant cryptocurrency exchange specialist Shapeshift has quietly launched a new service. Bitfract, which is still in beta, allows users to swap from one cryptocurrency for multiple cryptos in an instant. For example, you can swap from bitcoin to a brace of different altcoins without needing to make multiple transactions. The tool is free to use, save for Shapeshift’s standard commission, and supports a wide range of cryptocurrencies. Also read: Multi-Asset Edge Wallet Goes Live with Bitcoin Cash One Exchange, Many Cryptocurrencies Cryptocurrency exchange Shapeshift has become extremely popular […]

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ICOs and Exchange Sign-Ups Create Boom for Automated Compliance Industry

Many of the major cryptocurrency exchanges have announced that a massive influx of new traders in late 2017 caused them to be overwhelmed, leading to degraded services or forcing them to close their doors to new clients. Much of the problem was the need to ensure compliance with complex KYC/AML regulations, which the companies struggled to do at scale. This has led them to outsource the process for specialized automated compliance firms to handle. Also Read: Bitpay Bans Payments to Merchants of Explicit Content, Cloud-Mining and Gambling […]

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Sixth Grader Writes a 57-Page Book About Bitcoin

An 11-year old named Andrew Courey from Massachusetts just published a book on bitcoin so the younger generation can grasp this emerging technology that’s been sweeping the globe. The sixth-grader considers himself an expert on bitcoin, and his 57-page book describes cryptocurrencies in a way his peers can understand. Also read: People Who Don’t Understand Cryptocurrency Should Probably Stop Writing About It A 57-Page Book About Mastering Bitcoin Written By a Sixth Grader Andrew Courey is a middle school student from Massachusetts, and he hopes to earn $20Mn […]

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