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Maerki Baumann Is the Latest Swiss Bank to Embrace Crypto
Maerki Baumann — a private bank based in Zurich, Switzerland — has announced it will manage its clients’ cryptocurrency assets. This makes it the second Swiss bank to make such an announcement following Hypothekarbank Lenzburg (Hypi), which stated in June that it would open business accounts for cryptocurrency companies. дальше »
2018-8-7 23:23 | |
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“Not a Great Precedent”: Commissioner Discusses the SEC’s Latest ETF Decision
When the SEC announced its rejection of the Winklevosses’ latest bitcoin ETF filing, the industry found itself reckoning with a problem on repeat: striving toward the goal of approval, another Exchange Traded Fund (ETF) proposal faced the SEC’s death knell. дальше »
2018-8-4 22:49 | |
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Iran to Fully Legalize Cryptocurrency in Near Future
The Iranian Financial Tribune reports today that it is likely that Iran will fully legalize cryptocurrency in the near future. In April of this year, the country’s central bank issued an outright ban on all cryptocurrency, followed by a censorship campaign launched against exchanges in July. дальше »
2018-8-2 09:23 | |
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China: Prominent Bank Issues $300,000 Loan Using Blockchain Technology
On July 31, 2018, the Agricultural Bank of China (ABC) revealed it had successfully completed a $300,000 loan using a private blockchain. Loan Issuance Via Blockchain As reported by Chinese outlet Financial News, ABC’s Guizhou bank branch was the facilitator of this development. дальше »
2018-8-2 06:00 | |
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Iran to Fully Legalize Cryptocurrency in Near Future
The Iranian Financial Tribune reports today that it is likely that Iran will fully legalize cryptocurrency in the near future. In April of this year, the country’s central bank issued an outright ban on all cryptocurrency, followed by a censorship campaign launched against exchanges in July. дальше »
2018-8-2 21:46 | |
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Bodhi Bets on the Decentralized Prediction Marketplace
As with brick-and-mortar industries that are slowly fading away to the globalism of the online world, so too will the traditional prediction market industry have to innovate to keep up with the sheer efficiency, reliability and security that the decentralized prediction markets promise to bring. дальше »
2018-7-31 15:58 | |
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Vitalik Buterin on Bitcoin ETF: Too Much Investment, Not Enough Usage
Ethereum co-founder Vitalik Buterin has taken to social media to decry the heavy emphasis placed on cryptocurrency exchange-traded funds in lieu of real-world crypto adoption, stating that while complex crypto financial products are beneficial for short-term gains, the ability to easily and quickly purchase cryptocurrencies is more important. дальше »
2018-7-31 11:00 | |
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Ripple and Raising Malawi Launch Campaign to Sponsor Children in Need
In emerging markets, it’s the people — many times children — who have the cards stacked against them, whether it’s being left behind by the current financial, education or healthcare systems. That’s why, today, we’re excited to kickstart a month-long campaign in partnership with non-profit Raising Malawi to raise funds for orphans and vulnerable children … Continued The post Ripple and Raising Malawi Launch Campaign to Sponsor Children in Need appeared first on Ripple. дальше »
2018-7-31 17:04 | |
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FINMA Launches Proceedings Against $100 Million ICO
Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has announced that it has launched proceedings against initial coin offering (ICO) issuer, Envion AG. Also Read: Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says FINMA Launches Proceeding Against $100 Million ICO A press release published by the Swiss Financial Market Supervisory […] The post FINMA Launches Proceedings Against $100 Million ICO appeared first on Bitcoin News. дальше »
2018-7-27 10:45 | |
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Winklevoss Cryptocurrency ETF Denied by SEC Due to Offshore Manipulation Concerns — Price Reacts
With much of the financial world fixated on the prospect of a bitcoin exchange-traded fund, the US Securities and Exchange Commission (SEC) has reportedly denied the proposal from Gemini founders Cameron and Tyler Winklevoss. дальше »
2018-7-27 00:30 | |
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Swiss Financial Regulator Launches Enforcement Proceedings Against envion AG
Although Switzerland has become a hotbed for initial coin offerings, the country’s financial regulator (FINMA) hasn’t taken kindly to violations of banking laws. Envion AG, which raised more than $100 million from investors, is the second major ICO that has stirred up controversy in Switzerland. дальше »
2018-7-27 23:20 | |
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Swiss FINMA Opens Investigation Against Envion AG’s Blockchain Startup ICO
New Investigation By Swiss FINMA Against Envion AG For Allegedly Breaking Financial Market Rules The Swiss Financial Market Supervisory Authority published a press release this month to let the public know about an investigation that is currently underway. дальше »
2018-7-27 23:15 | |
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Swiss Regulators Probe Crypto Mining Company Envion
The Swiss Financial Market Supervisory Authority (FINMA) has today announced enforcement proceedings against crypto mining firm Envion. The regulators believe that the German-Swiss start-up has been operating in breach of national banking laws. дальше »
2018-7-27 23:00 | |
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EU Parliament Report Reveals How Banks Could Beat Bitcoin
A recent report released by the Policy Department of the European Parliament explains how central bank-issued cryptocurrencies outcompete Bitcoin. EU Parliament Draws Up Battle Plans Against Bitcoin A recent report from the Policy Department of the European Parliament, titled Competition Issues in the Area of Financial Technology (FinTech), warns about some of the challenges Bitcoin will have to overcome. дальше »
2018-7-24 02:00 | |
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Why You Need To Check Out Megapawnshop
What is Megapawnshop? Megapawnshop is a microfinance company that will let you get a loan against Bitcoin without the hassle. Providing lending services for over six years, Megapawnshop is the leading financial institution for your crypto loans. дальше »
2018-7-23 13:15 | |
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India’s Supreme Court Upholds RBI Ban, Final Arguments To be Heard in September
Today was the proverbial D-Day for the cryptocurrency industry in India as the Supreme Court was scheduled to hear the case against the Reserve Bank of India (RBI) instituting a ban forbidding all commercial banks in the country from facilitating crypto related transactions. дальше »
2018-7-20 19:39 | |
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US Rep Brad Sherman Expresses Anti-Crypto Views, Wants Bitcoin Banned But Paid To Hate?
Rep Brad Sherman Wants Cryptos Banned US Representative Brad Sherman continues to oppose cryptocurrencies, claiming that they are nothing more than a means for scammers, terrorists, and criminals to get what they want. дальше »
2018-7-19 19:59 | |
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Russian Intelligence Officers Face Criminal Charges after Using Bitcoin to Infiltrate Hillary Clinton’s Election
On July 13, 2018, an 11-count federal indictment was filed against twelve Russian military intelligence officers allegedly infiltrating Hillary Clinton’s presidential campaign in 2016. The accused used cryptocurrencies to finance their operations and avoid the strict financial scrutiny that accompanies fiat operations. дальше »
2018-7-14 21:30 | |
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USD Tether alternative? EURS launched for European institutional investors
Last month was filled with allegations against Tether over their USD Tether stablecoin. Over numerous accusations of the coin not being backed up by USD in a 1:1 ratio, many alternatives have emerged. дальше »
2018-7-13 09:20 | |
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Donald Trump Establishes Executive Order For Consumer Protection From Bitcoin
President of the United States of America, Donald Trump, is alleged to have established an executive order with the US Department of Justice (DOJ) to ensure that cryptocurrency related crime falls as part of a special consumer protection entity within the DOJ. дальше »
2018-7-12 14:00 | |
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Philippines Embraces Cryptocurrency: Exchanges Issued Provisional Licenses
The Philippines Cagayan Economic Zone Authority (CEZA) announced it granted three cryptocurrency exchanges provisional license to operate. All three are foreign-based, including two from Hong Kong and one from Thailand. дальше »
2018-7-11 12:35 | |
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Regulations Will Be the Death of Bitcoin, Says Nobel Laureate Economist
Speaking with NBC’s Financial News on Monday, Columbia University professor and Nobel Prize-winning economist Joseph Stiglitz spoke disparagingly of Bitcoin and other cryptocurrencies. Among the interview’s biggest highlights are Stiglitz’s comments about the risks of Bitcoin’s anonymity and his assertion that regulatory agencies may possibly “use the hammer” to prevent cryptocurrencies’ further growth. дальше »
2018-7-11 01:10 | |
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Bank of Korea: Crypto Has Low Risk to Local Finance MArket
According to South Korean central bank the Bank of Korea (BOK), the outstanding balance of virtual currency accounts in domestic banks totalled $1. 79 billion as of Dec. 2017, local news outlet Yonhap reported Friday, July 5. дальше »
2018-7-9 01:49 | |
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India Feeling the Effect of the RBI’s Crypto Ban as Zebpay Halts Fiat Transactions
It’s been a gloomy week for the crypto community in India. After three months of waiting for the Supreme Court to make a ruling on the petitions against the RBI’s directive in April, it finally happened on July 3. дальше »
2018-7-7 00:00 | |
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John McAfee fires shots at RBI barring banks to deal with Bitcoin [BTC] and other VCs
John McAfee, on 6th July, posted an intriguing tweet against the Reserve Bank of India [RBI] urging financial institutions to dissociate themselves with the central bank. He also warned the institutions that he will ‘call for a boycott’ against those who deal with the RBI. дальше »
2018-7-6 20:57 | |
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New Super Group To Spearhead International Tax Enforcement Campaign
It is pretty rare to see countries come together to work on a new policy in a uniform manner. Unless of course their objectives are financial, then it seems everyone is happy to work with anyone in pursuit of financial gain. дальше »
2018-7-4 06:30 | |
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SEC Seeks Comments on Another Bitcoin ETF
The Securities and Exchange Commission (SEC) is seeking comments on another bitcoin-based exchange-traded fund (ETF). The proposal in question calls for the listing and trading of SolidX bitcoin shares, and stems from the VanEck SolidX Bitcoin Trust, which states it will invest in “bitcoin only. дальше »
2018-7-3 17:52 | |
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Withdrawals Delayed – Bitflyer Scanning for Yakuza Customers
Bitflyer has been delaying deposits and withdrawals of virtual currency in the midst of ongoing KYC verifications. The company received business improvement orders from the Japanese financial watchdog in June as a result of insufficient measures against money laundering. дальше »
2018-7-3 10:15 | |
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Beware of Crypto Risks: Bank of England Deputy Governor Issues Warning
The Bank of England has warned financial institutions in the country to limit their exposure to crypto assets. In a letter written by the bank’s deputy governor, the regulator cautioned firms against letting their guard down as the popularity of cryptos soars. дальше »
2018-6-30 20:00 | |
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Poland Bitcoin Community Files Complaint Against Bank Account ‘Denials’
Poland’s cryptocurrency industry lobby group the Polish Bitcoin Association (PBA) confirmed it has complained to regulators about banks’ denial of services to businesses June 27. Banks ‘Aim To Remove Virtual Currency’ In a statement sent to the Office of Competition and Consumer Protection (OCCP), the PBA cites financial institutions closing and denying bank accounts as proof they “clearly aim at removing virtual currency entities from the market. дальше »
2018-6-30 07:00 | |
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Bitcoin Magazine’s Week in Review: Charity Funds and Dark Web Run-Ins
This week, the U. S. Department of Justice and other law enforcement agencies banded together to bring down some bad actors on the dark web. EOS is undergoing some growing pains with the launch of its network, exposing the trials and tribulations of an all-too-centralized governance model. дальше »
2018-6-30 20:56 | |
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U.K. Banks Warned to Be Careful With Cryptocurrencies
The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks. дальше »
2018-6-29 18:17 | |
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3 Reasons to Incorporate Cryptocurrencies in Your Retirement Portfolio
For people planning their financial future, Bitcoin and other cryptocurrencies represent a hedge against the current financial system. Setting Money Aside for the Future Almost everyone has heard of the importance of actively saving money for retirement. дальше »
2018-6-29 11:45 | |
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3 Reasons to Include Cryptocurrencies in Your Retirement Portfolio
It is never too late to start planning for retirement. When doing so, most people shy away from risky (read: volatile) investments like Bitcoin, but that may be soon changing. For people planning their financial future, Bitcoin and other cryptocurrencies represent a hedge against the current financial system. дальше »
2018-6-29 09:00 | |
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Researchers say time for Central Banks to issue digital currencies, but Cryptos too ‘hot’ for this
In a new financial system research report, economists say the environment is ripe for central banks to issue digital currencies. However, they cautioned against cryptocurrencies, given the high volatility in their prices, which would not be conducive to a national financial system. дальше »
2018-6-28 19:19 | |
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The Central Banks Of Australia And New Zealand Against Cryptocurrencies
The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system. дальше »
2018-6-26 17:00 | |
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Bitcoin Price Watch: Is the Recent Drop Part of a Bigger Picture?
At press time, bitcoin is retaining its $6,100 price from yesterday. The currency fell to this position from $6,700 after Japan’s Financial Services Agency (FSA) sent notifications to more than five digital currency exchanges saying that they must heighten their security measures against money laundering after noticing weaknesses in their infrastructures. Bitcoin has continued to […] дальше »
2018-6-24 23:35 | |
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UK’s FCA Issues Yet Another Warning Against Crypto Brokers
The Financial Conduct Authority of the U. K. has warned traders against an unregulated firm called Cryptorobot365. The regulatory body blacklisted the firm for providing cryptocurrency investment services in the country without authorization from the agency. дальше »
2018-6-22 16:28 | |
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French Regulators Blacklist Four Unregistered Crypto-Related Businesses
Financial authorities all over the world are hard at work trying to eliminate criminals and scam cryptocurrency-based investment schemes. In the latest development, the French financial markets regulator has issued fresh warnings to citizens against unregistered firms offering digital assets investment vehicles in the region. дальше »
2018-6-22 13:09 | |
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Japan’s FSA Will Take Action Against bitFlyer and Other Registered Exchanges
It has become apparent that the Japanese Financial Services Agency is closely monitoring all domestic cryptocurrency exchanges. Any wrongdoings will be pointed out quickly and the issues will need to be addressed accordingly. дальше »
2018-6-22 02:00 | |
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Huobi’s Cryptocurrency Market Index Now On Bloomberg Terminal
Cryptocurrency exchange Huobi announced that financial data firm Bloomberg has added the HB10 crypto market index on its terminal for subscribers. Huobi launched HB10 index last month, which uses weighted samples to track a pool of top 10 crypto assets traded on its platform in real-time against tether (USDT), the dollar-pegged cryptocurrency, based on their liquidity дальше »
2018-6-21 11:33 | |
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LA Bitcoin Trader Faces 30 Months In Jail
Cryptocurrency has never been favoured or supported by the mainstream media, but this week’s news that an LA trader is facing jail time for their trading of Bitcoin, one of the biggest worldwide digital currencies, is bringing strange new attention to this new financial frontier. дальше »
2018-6-20 16:00 | |
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Japan’s Largest Crypto Exchanges to Face the Wrath of the FSA
Japan’s Financial Services Agency (FSA) will be taking administrative action against several registered cryptocurrency exchange operators in the country. These exchanges include Quoine, Bitbank, BITPoint Japan, BtcBox, and industry leader BitFlyer, who authorities claim don’t have proper internal management systems in place, including measures to prevent money laundering. дальше »
2018-6-20 23:10 | |
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EU’s European Blockchain Observatory and Forum to Host Blockchain AMA
The European Union (EU) has announced that it will host an online Ask Me Anything (AMA) session on June 18, 2018, at 6 p. m. CEST. The event, organized and hosted by the European Blockchain Observatory and Forum of the EU, will last for 90 minutes and cover blockchain technologies with in-depth explanations, interactive discussions with panelists and public questions answered live. дальше »
2018-6-13 20:42 | |
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