Amid increased bitcoin volatility and companies charging against virtual currency we look at crypto regulation in different countries. While some introduce heavy regulatory burden on virtual money activity, others remain positive and crypto friendly. … [Read more...] about How is cryptocurrency regulated in different countries
A sigh of relief after US Senate hearing on cryptocurrency
Bitcoin recovered yesterday from its lowest since November amid the hearing in the US Senate on cryptocurrency market regulation, where Jay Clayton, chairman at the Securities and Exchange Commission (SEC) and Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), testified before the Senate Banking Committee. … [Read more...] about A sigh of relief after US Senate hearing on cryptocurrency
China will ban all cryptocurrency related websites
According to local media, China will block all websites related to cryptocurrency trading and initial coin offerings (ICOs). … [Read more...] about China will ban all cryptocurrency related websites
The Royal Mint creates cryptocurrency backed by gold
The Royal Mint, a government-owned mint that produces coins for the United Kingdom, has launched its own cryptocurrency Royal Mint Gold (RMG), a digital representation of fine gold secured in The Royal Mint’s vault. … [Read more...] about The Royal Mint creates cryptocurrency backed by gold
Crypto news in brief (January 31, 2018): LINE, Samsung, Bitfinex, Tether, South Korea
LINE, a messaging app, enters cryptocurrency market. Samsung to produce cryptocurrency mining hardware. US financial regulator subpoenas Bitfinex and Tether. South Korea doesn't intend to shut down cryptocurrency trading. … [Read more...] about Crypto news in brief (January 31, 2018): LINE, Samsung, Bitfinex, Tether, South Korea
Japan increases vigilance after a massive cryptocurrency theft
Japanese authorities have cast a severe look at cryptocurrency exchanges after last week’s theft of $530 million from Coincheck. Japan’s financial regulator has announced it will take steps to inspect business practices of trading platforms to make sure they comply with proper security measures. … [Read more...] about Japan increases vigilance after a massive cryptocurrency theft
Australia to develop cryptocurrency backed by gold
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