Coincheck President Toshihiko Katsuya told reporters on Wednesday that the ongoing slump in Bitcoin’s price has negatively impacted the exchange’s ability to regain its footing since being hacked earlier this year, the Nikkei Asian Review reports.
The Netherlands is reportedly proposing a measure that would require cryptocurrency service providers to seek licensing approval to operate in the country, according to a December 11 report from De Telegraaf.
Cryptocurrency mining giant Bitmain will close Bitmaintech Israel and layoff its 23 employees, according to a report from Israeli news outlet Globes. The company has reportedly cited the ongoing cryptocurrency bear market for the decision:
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.
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:
Coinbase said via its company blog today that the digital asset exchange is working with local banks and regulators to explore the feasibility of adding a further 31 digital assets to its platform, including OmiseGo (OMG), Cardano (ADA), Stellar (XLM) and Neo (NEO).
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).
A bipartisan group of U.S. House Representatives is reportedly introducing two new bills dealing with cryptocurrency, CNBC reported Thursday. The bills instruct the Commodity Futures Trading Commission to offer recommendations that would improve customer protections, prevent fraud, and maintain U.S. competitiveness in the industry.
Enterprise blockchain development firm R3 has announced that Ripple’s rival XRP token will be the first supported cryptocurrency on its universal payment settlement platform, according to a Finextra report published Dec. 5.
Emergent cryptocurrency exchange ErisX has secured $27.5 million in Series B funding from investors including stock exchange NASDAQ and brokerage giant Fidelity investments, according to a Dec. 4 report by Reuters.
Congressman Warren Davidson (R-OH) has reportedly announced his intention to introduce legislation to enable more effective federal regulation of cryptocurrency and ICOs, according to Cleveland.com. Davidson made the announcement on Monday, during the Blockland Solutions conference.
DNotes and its Co-Founder Alan Yong Featured in Newly Released NLTV Blockchain SuperStars International Television Special
DNotes Global, Inc. today announced the release of NLTV Blockchain SuperStars video for general viewing https://youtu.be/Tm-nFIi-JpY
The Blockchain SuperStars program brings the Industry’s top experts and Hollywood’s brightest A-list superstars into the living rooms of every day Americans during a major Television Special Event Program that will be distributed nationally in all 220 major DMAs in the U.S. and to more than 50 countries around the globe.
Circle has announced that its cryptocurrency exchange Poloniex is now open to institutional clients in a Tuesday Dec. 4 blog post.
Thailand-based cryptocurrency exchange Satang Corp. has plans for a $9.9 million security token offering in early 2019, according to a report from the Nikkei Asian Review. The report notes that the country’s government has expressed support for the company’s plans, as officials continue to pursue blockchain adoption.
The director of Beijing Municipal Bureau of Local Financial Supervision, Huo Xuewen, has said that the agency sees Security Token Offerings as an illegal activity, according to a Dec. 1 report in local media outlet, Caijing.
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:
The heads of state who met at the recent G20 Leaders’ Summit in Buenos Aires concluded their gathering by issuing a joint declaration focused on “building consensus for fair and sustainable development.” The document addressed a variety of global concerns, including regulation of crypto-assets to prevent money laundering and terror financing.
Japan’s Financial Services Agency (FSA) has said it will soon move to regulate Initial Coin Offerings to protect investors, according to a December 1st report from local news site Jiji.
Texas regulators this week issued an emergency cease and desist order to My Crypto Mine operator Mark Steven Royer. In the order, Texas Securities Commissioner Travis J. Iles alleges that Royer’s company is “fraudulently offering investments in a cryptocurrency trading and mining program” that uses social media and “standalone websites” to target investors in Texas and other states.
The United States Treasury Department broke new ground this week as it included cryptocurrency addresses for two targets of U.S. sanctions related to an Iranian ransomware scheme. The sanctions were placed on two men who allegedly laundered millions in Bitcoin payments made as a result of the SamSam ransomware attack that reportedly affected more than 200 victims who were forced to pay more than $6 million in ransom.