Monthly Archives: January 2019

From the UK to Malaysia: How Countries Have Been Classifying Crypto Across the World

The U.K.’s financial watchdog has released a detailed consultation paper on regulation of crypto. On Jan. 23, the United Kingdom’s Financial Conduct Authority’s (FCA), the domestic financial regulator, released a 50-page-long consultation paper dubbed “Guidance on Cryptoassets.” As the U.K. seems to be moving closer toward rolling out a definitive regulatory framework, it is time to reassess how other crypto markets, specifically the major ones, are dealing with cryptocurrencies on the juridical level. “Guidance on Cryptoassets,” reviewed: How the U.K. is going to deal with virtual currencies […]

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Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion of a sovereign state being denied access to its own wealth is a concept that’s hard for bitcoiners to countenance. One thing is certain: the case for storing wealth in censorship-resistant cryptocurrency is becoming stronger. Also Read: Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’ How the Venezuelan Political Situation Escalated In order to understand […]

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Bitcoin Stays Over $3,600 as Most Top Cryptos See Slight Gains

The top 20 cryptocurrencies report discreet gains, with Bitcoin hovering over $3,600 again. Saturday, Jan. 26 — most of the top 20 cryptocurrencies are reporting slight gains on the day to press time. Bitcoin (BTC) is hovering over $3,600 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is seeing no significant price change on the day, trading at around $3,607, according to CoinMarketCap. Looking at its weekly chart, the current price is lower than $3,745, the price at which Bitcoin started the week. […]

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Crypto Critic Nouriel Roubini: Blockchain is ‘No Better Than an Excel Spreadsheet’

Nouriel Roubini, one of the most notorious cryptocurrency critics, has stated that blockchain is “no better than an Excel spreadsheet.” Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25. Roubini is also known for having predicted the 2008 financial crisis, earning him the moniker of Dr. Doom. Speaking during a panel at the Blockchain Economic Forum in Davos, Roubini defined blockchain as “the most overhyped technology ever,” while […]

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Double Down Your Bitcoin Security by Utilizing 2FA Services

After obtaining your first bitcoins on an exchange, you’ll want to keep them safe, even if the funds are only sitting there temporarily. One way to keep your crypto secure online is by using two-factor authentication (2FA). Security is of utmost importance when it comes to storing cryptocurrency in an online wallet and 2FA adds another layer of protection over and above a strong password. Also read: Regulations Have Ruined the Physical Bitcoin Industry 2FA Is Essential The cryptocurrency community is all about advocating proper security techniques, and two-factor […]

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Bitcoin History Part 9: Mt. Gox Is Born

“Hi everyone, I just put up a new bitcoin exchange. Please let me know what you think.” With those innocuous words, one of the most notorious sagas in Bitcoin’s early history began. The name of the exchange was Mt. Gox and it was to play a pivotal role in Bitcoin’s rise – for a while, at least. Also read: Bitcoin History Part 8: When 1,500 BTC Cost Less Than $1 Magic and Mayhem Jed McCaleb Mt. Gox wasn’t the first bitcoin exchange to launch, yet it actually […]

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Chinese Blockchain Rankings Released: EOS Still First, Ethereum Second, Bitcoin 15th

China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin in 15th, while EOS keeps its top spot. China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 15th, while EOS keeps its top spot. The rankings were released in a press release on Jan. 24. The crypto rankings by China’s Center for Information and Industry Development (CCID) were first announced in May last year. In this ninth edition of the index, EOS keeps its place as the top-ranked blockchain, which […]

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The Daily: Bakkt Shares BTC Futures Details, Kucoin Adds Grin Trading Pairs

In the first weekend edition of The Daily, crypto exchange Kucoin lists Mimblewimble coin Grin, giving it several trading pairs, and Bakkt releases product details about its upcoming futures contracts. Also, a Chinese investor sues a famous Israeli crypto entrepreneur for alleged fraud, while Malta issues a warning about a get-rich-quick “Bitcoin Revolution” scam. Also read: Market Cap Metric Attracts Flak, Trust Wallet Does Desktop Kucoin Lists Trading Pairs With Privacy-Centric Grin Cryptocurrency exchange Kucoin has announced the listing of grin, the recently launched, privacy-focused cryptocurrency which […]

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Life Changing Finance #38 – AVOID Cancerous People! – By Tai Zen

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SBI Crypto Subsidiary Supports Crypto Mobile Wallet in $15 Million Funding Round

Crypto mobile wallet BRD has raised $15 million in a Series B funding round, with the aim to facilitate international expansion. Cryptocurrency mobile wallet BRD has raised $15 million in a Series B financing round supported by SBI Crypto Investment, according to a press release shared with Cointelegraph on Jan. 25. SBI Crypto Investment, a subsidiary of the Tokyo-based SBI Holdings, contributed to the funding, which BRD states will help to accelerate international expansion and scale its technology platform. In the press release, BRD also announced the […]

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