The Perth Mint, Australia’s biggest precious metals refiner, is developing its own cryptocurrency backed by gold and other precious metals to lure investors to buy gold again. The mint produces nearly 700 tons of gold annually. The move comes as investors rushed after cryptocurrencies channeling investments away from precious metals. By creating new digital money, the agency … [Read more...] about Australia to develop cryptocurrency backed by gold
Davos participants believe in blockchain
With the World Economic Forum taking place in Davos, a number of participants have expressed enthusiasm about the blockchain technology, but remained sceptical about cryptocurrency. … [Read more...] about Davos participants believe in blockchain
Crypto news in brief (January 23, 2018): Nordea, bitFlyer, South Korea
Nordea forbids employees from investing in cryptocurrencies. Japanese bitcoin exchange bitFlyer comes to Europe. South Korea bans anonymous cryptocurrency trading. … [Read more...] about Crypto news in brief (January 23, 2018): Nordea, bitFlyer, South Korea
SEC stands in the way of cryptocurrency ETFs
The US Securities and Exchange Commission (SEC) has blocked the way to approving several exchange traded funds (ETFs) whose assets include bitcoin and other cryptocurrencies. The regulators believe such financial products do not conform to rules, aimed at protecting ordinary investors. … [Read more...] about SEC stands in the way of cryptocurrency ETFs
Crypto news in brief (January 18, 2017): Visa, Belarus, Mavericks
Visa CEO Alfred Kelly said he doesn't support bitcoin payments. Cryptocurrency legalization in Belarus will come into effect on March 28, 2018. NBA team Mavericks will sell tickets for bitcoin. … [Read more...] about Crypto news in brief (January 18, 2017): Visa, Belarus, Mavericks
Petition against South Korean government’s attempts to ban cryptocurrencies reaches 200,000+ signatures
A threat of crackdown on cryptocurrency trading has prompted thousands of South Korea citizens to sign a petition demanding the government to stop regulating cryptocurrencies, about the same time as South Korean officials discussed possible ban of cryptocurrency exchanges. … [Read more...] about Petition against South Korean government’s attempts to ban cryptocurrencies reaches 200,000+ signatures
Bank of China seeks to reinforce control of cryptocurrency trading
Chinese authorities will continue to toughen up control of cryptocurrency trading, said Pan Gongsheng, Vice-President of People’s Bank of China. According to Reuters, the words of the official are quoted in a memorandum of a government’s meeting. … [Read more...] about Bank of China seeks to reinforce control of cryptocurrency trading
Thailand’s SEC doesn’t prohibit bitcoin futures trading, but warns about risks of cryptocurrencies
The Securities and Exchange Commission (SEC) of Thailand stated that bitcoin futures trading service, offered by local brokerage firm Phillip Securities (Thailand) Plc, does not break rules. But SEC urged investors to exercise caution due to high risk of investments in cryptocurrency related instruments. … [Read more...] about Thailand’s SEC doesn’t prohibit bitcoin futures trading, but warns about risks of cryptocurrencies