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Turkey’s Currency Instability Pushing People to Bitcoin

Remember when cryptos were deemed unusable because, unlike fiat, they were volatile? The tables are gradually turning and Turkey is the latest case. The country’s currency, the lira, has recently experienced a drastic drop in its value relative to the US dollar which has quickly drawn comparisons with Bitcoin. Faced with an economic crisis and […] дальше »

2018-8-14 18:00


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Saudi Arabia Officials Warn that Bitcoin Trading is Illegal

Despite the country’s proactive and seemingly positive approach towards blockchain-based technologies, cryptocurrency trading remains heavily outlawed, officials reiterate. Bitcoin and Other Cryptocurrencies Are Illegal A standing committee, headed by the Capital Market Authority in Saudi Arabia and including representatives of the Ministry of Trade and Investment, the Ministry of Information, and the Saudi Arabian Monetary Agency, issued a formal statement, reaffirming the illegality of trading with Bitcoin and other cryptocurrencies. дальше »

2018-8-14 04:00


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‘We Couldn’t Get Any Foreign Currency’ – Turkey’s Capital Controls Show Why Bitcoin Exists

Turkey introducing capital controls to stem the impact of its currency crisis means traders can “expect” higher Bitcoin prices on local exchanges, a well-known online commentator has suggested. ‘Expect Price Premium’ Tweeting August 13, BambouClub eyed spreads on P2P platform Localbitcoins, forecasting buy and sell asks to increasingly diverge as the country’s economic situation worsens. дальше »

2018-8-14 22:00


Bitcoin Shown to be Less Volatile Than Turkish Lira Amid Turkey’s Economic Crisis

Turkey is currently undergoing its second serious economic crisis since 2017, as the country’s national currency has lost approximately 30 percent of its value in the last month. The Turkish Lira has been subject to so much volatility in the last two weeks that it’s “making Bitcoin look tame by comparison,” reports Bloomberg. дальше »

2018-8-13 20:29


Brazilian Presidential Candidate Pledges To Legalize Bitcoin (BTC) If Elected

A presidential candidate in Brazil has pledged to legalized cryptocurrency in the country if elected. He revealed this through his Twitter handle on the 7th of August, as he affirmed the local currency of the nation remains the national currency of the country as a legal tender for transactions, but cryptocurrency will obtain the status […] дальше »

2018-8-12 06:40


British Cyber Crime Center Reports $2.5 Million Lost in Cryptocurrency Scams This Summer

A new report published by the British authorities warns citizens of a noticeable increase in cryptocurrency investment scams taking place within in the country over the summer. According to national fraud and cyber crime reporting center Action Fraud, 203 incidents of fraudsters cold calling victims using social media platforms to advertise ‘get rich quick’ investments involving… The post British Cyber Crime Center Reports $2. дальше »

2018-8-11 19:40


Huge Demand for ‘P2P’ Crypto Trading Seen in India After RBI Ban

Exchange-escrowed trading directly between cryptocurrency buyers and sellers is growing in popularity in India following the crypto banking ban imposed by the country’s central bank. One local exchange, in particular, is seeing “tremendous” response from Indian traders for this service as “tens of thousands of new users have signed up” in a month. дальше »

2018-8-10 23:25


Singapore Crypto Exchange AlphaBit to Open Malta Office on Blockchain Island

Singapore-based AlphaBit Cryptocurrency Exchange has announced that it will be opening up a new office in Malta, a move aimed at cementing its presence in Europe. Malta remains one of the most favorable destinations for blockchain and cryptocurrency companies owing to the many firms setting up their bases in the country. The move by AlphaBit […] дальше »

2018-8-10 23:23


Crypto Friendly Policies Rapidly Drawing Companies to Thailand

Soon after Thailand adopted its regulations for cryptocurrencies and initial coin offerings (ICOs), companies reportedly pile up to apply for licenses to operate in the country. According to the Thai Securities and Exchange Commission, about 50 ICO projects are seeking to launch, five portals plan to open for business and 20 crypto exchanges have applied […] The post Crypto Friendly Policies Rapidly Drawing Companies to Thailand appeared first on Bitcoin News. дальше »

2018-8-10 08:25


Japanese Regulator Set to Improve Cryptocurrency Regulations to Combat Speculative Investments

Japan’s Financial Services Agency is reportedly taking steps to update the country’s cryptocurrency regulations in a bid to combat the rise of speculative crypto investments in Japan. The Need for Improved Cryptocurrency Regulations The Japanese Financial Services Agency (FSA) is looking to improve its regulations on cryptocurrencies in the wake of speculative investments. дальше »

2018-8-10 22:27


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World Blockchain Roundup: Germany Continues To Drive Change

Recently, Crypto Briefing reported that Joseph Lubin of Ethereum referred to Berlin in Germany as one of the most important cities in the blockchain industry. German blockchain startups across the entire country are exploring the possibilities of blockchain tech to improve banking, real estate, and intellectual property and control over art. дальше »

2018-8-10 22:01


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Another Major Swiss Bank Begins Accepting Cryptocurrency Assets

Yet another major Swiss bank, Maerki Baumann Private Bank in Zurich, announced it will begin accepting cryptocurrency. Setting the Tone? In July 2017, Switzerland’s Falcon Private Bank announced that it will be storing and trading Bitcoin within its very own asset infrastructure, challenging the status quo as most banks in the country refuse to accept cryptocurrencies. дальше »

2018-8-7 02:00