South African Reserve Bank Proposes Overhaul of Payment System Laws
Dec09

South African Reserve Bank Proposes Overhaul of Payment System Laws

The South African Reserve Bank (SARB) has completed a review of the country’s National Payment System Act, and published its findings and recommendations this week, according to a report from Business Insider. The bank is proposing several changes that could eventually allow a digital rand or existing cryptocurrencies to be accepted as recognized payment options and reduce the banking industry’s stranglehold on payment services.

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Nearly 6,000 Crypto Money Laundering Cases Reported in Japan from Jan-Oct
Dec08

Nearly 6,000 Crypto Money Laundering Cases Reported in Japan from Jan-Oct

Officials from Japan’s National Policy Agency say that they received about 6,000 cryptocurrency-related money-laundering reports from January to October 2018, according to a December 7 report from Japan Today. The number represents a significant increase over last year’s reported cases:

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SEC Commissioner: Bitcoin ETF Could Take Years
Dec06

SEC Commissioner: Bitcoin ETF Could Take Years

A commissioner from the U.S Securities and Exchange Commission (SEC) has said that institutionalization of cryptocurrency will happen but ceded that crypto advocates shouldn’t hold their breath when it comes to waiting for the approval of cryptocurrency Exchange Traded Funds (ETF).

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South Korean Finance Minister Nominee Says Govt Will Tax Crypto
Dec03

South Korean Finance Minister Nominee Says Govt Will Tax Crypto

South Korean finance minister nominee Hong Nam-ki reportedly suggested that the government will draw up plans to tax digital currencies, according to reports from the Korea Times. The Times quoted recent written remarks Hong submitted as part of his confirmation process:

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NYSE Chairman Says Crypto Will Survive
Nov29

NYSE Chairman Says Crypto Will Survive

During remarks at this week’s Consensus: Invest conference, New York Stock Exchange chairman and Intercontinental Exchange (ICE) CEO Jeff Sprecher asserted that digital assets are not going anywhere, despite the current bearishness in the crypto markets. In response to a question about the lower prices, Sprecher chose to address the issue of whether digital assets can survive:

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VeChain, Tron, NEO, BAT & Cardano Balloon Amid 24hr Bitcoin Rise
Nov28

VeChain, Tron, NEO, BAT & Cardano Balloon Amid 24hr Bitcoin Rise

The last 24 hours has been a lot kinder to cryptocurrency markets than the fortnight prior that saw $90 billion wiped from the industry’s market capitalization.

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SEC’s Clayton: Changes Needed in Crypto Markets Before Bitcoin ETF Approval
Nov28

SEC’s Clayton: Changes Needed in Crypto Markets Before Bitcoin ETF Approval

Securities and Exchange Commission Chairman Jay Clayton wants to see some major changes in the cryptocurrency markets before he can be “comfortable” with the idea of approving a Bitcoin ETF, according to a report from CNBC. Speaking at the CoinDesk Consensus invest conference this week, Clayton said that improvements need to be made in areas like market surveillance and cryptocurrency custody.

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Overstock Shares Soar 26% On Blockchain Bet
Nov23

Overstock Shares Soar 26% On Blockchain Bet

Overstock shares have soared 26% on the news that the company plans to sell its retail business to make way for a forward-looking bet on blockchain.

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DNotesEDU Announces Release of Cryptocurrency Industry Insight Report
Nov23

DNotesEDU Announces Release of Cryptocurrency Industry Insight Report

DNotesEDU has announced the release of its Global Digital Currency Industry Insight Report, a 45-page examination of the cryptocurrency industry that covers a broad range of blockchain and crypto-related technologies, trends, and potential risks.

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How ICOs Contributed to The Crypto Crash
Nov21

How ICOs Contributed to The Crypto Crash

“What everyone got really excited about was, hey, I can publish a paper and people will send me money.” — J. R. Willet, the creator of the first ICO.

This is a fascinating and revolutionary concept: pitch your product idea to the community, and if they like it, they’ll send you money to get your private business or decentralized application off the ground.

But an idea itself is worth very little. How an idea works in practice is of much greater importance. Unfortunately, this evaluation paints a story of scams, incompetence, recklessness, and greed.

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Tom Lee Remains Bullish on Bitcoin, Stands by $15K Price Target
Nov21

Tom Lee Remains Bullish on Bitcoin, Stands by $15K Price Target

Bitcoin’s price may have plummeted in recent days, but that crash seems to have done little to quell Fundstrat Global Advisor co-founder Tom Lee’s bullish outlook on the world’s most popular cryptocurrency. During an appearance on CNBC’s Squawk Box on Tuesday, Lee predicted a price recovery and stood by his most recent forecast suggesting a year-end Bitcoin price as high as $15,000.

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FCA Reportedly Considering Task Force Recommendation to Ban Crypto Derivatives
Nov20

FCA Reportedly Considering Task Force Recommendation to Ban Crypto Derivatives

When the UK government’s cryptocurrency taskforce reported to the government in late October, one of its recommendations advised officials to consider a complete ban on crypto derivatives like CFDs, futures, and options. UK Financial Conduct Authority (FCA) Executive Director of Strategy and Competition Christopher Woolard has confirmed that regulators will consider such a ban, according to Finance Magnates.

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Bakkt Bitcoin Futures Product Delayed Until Early 2019
Nov20

Bakkt Bitcoin Futures Product Delayed Until Early 2019

The NYSE’s parent company, The International Exchange (ICE) has postponed the launch of its Bitcoin futures product on its upcoming Bakkt platform to Jan. 24, 2019, according to a public notice from the company.

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Swiss Fintech Firm’s Cryptocurrency Certified as Sharia-Compliant
Nov12

Swiss Fintech Firm’s Cryptocurrency Certified as Sharia-Compliant

A senior executive from Swiss fintech company X8 AG claims that Islamic scholars have certified the company’s digital currency as Sharia-compliant, according to a Monday report from Reuters.

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Tether Claims $1.8B Banking Relationship with Deltec Bank & Trust Ltd
Nov01

Tether Claims $1.8B Banking Relationship with Deltec Bank & Trust Ltd

Tether Ltd, the company responsible for issuing dollar-backed USDT tokens, confirmed on Thursday via the Tether blog that it had established a $1.8 Billion banking relationship with Bahamas-based Deltec Bank & Trust Ltd.

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Coinbase COO Asiff Hirji: IPO Not Current Priority
Nov01

Coinbase COO Asiff Hirji: IPO Not Current Priority

After Coinbase closed a $300m Series E funding round on Wednesday Oct. 29, COO Asiff Hirji told Bloomberg that the company has no immediate plans to go public, confirming that an IPO would happen, but was “not even close to the top of the list of things we’re worried about right now.”

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Coinbase Raises $300m To Accelerate Crypto Adoption; Company Now Worth $8B
Nov01

Coinbase Raises $300m To Accelerate Crypto Adoption; Company Now Worth $8B

Cryptocurrency exchange Coinbase is now worth over $8 billion after raising $300 million in Series E funding, according to an October 30 post on the company’s blog.

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Taiwan’s New ICO Rules Expected by June 2019
Oct28

Taiwan’s New ICO Rules Expected by June 2019

The Taipei Times reported this week that a draft proposal for new ICO standards in Taiwan is expected to be completed by June 2018. According to the Times, Financial Services Commission (FSC) Chairman Wellington Koo made the announcement in remarks to the Legislative Yuan’s Finance Committee earlier in the week.

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Bitcoin Now More Stable Than Tech Stocks
Oct28

Bitcoin Now More Stable Than Tech Stocks

According to data compiled by Bloomberg, tech stocks are now 45% more volatile than Bitcoin over a ten-day average, with FANG stocks (Facebook, Amazon, Netflix & Google — now Alphabet, Inc.) enduring sustained stock sell-offs on the heels of disappointing earnings results. Elsewhere, Bitcoin Magazine reported on Wednesday that the popular cryptocurrency has been less volatile than the NASDAQ, DOW, and S&P 500 over a thirty-day period ending October 14.

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Bitcoin Shows Stability During Week of Stock Market Chaos
Oct27

Bitcoin Shows Stability During Week of Stock Market Chaos

U.S. markets saw tremendous volatility this week, as the Dow Jones ended the week down nearly 3 percent. Meanwhile, Bitcoin markets seemed to find some measure of stability and spent the week trading within a relatively narrow range near $6,500. CNBC took note of that lack of cryptocurrency volatility and suggested that “Bitcoin’s insulation from the market wreckage is relatively new.”

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