Month: February 2018

Another Thai Bank Shuts Down Accounts of Local Crypto Exchange

Another major Thai bank is reportedly terminating transactions involving cryptocurrencies through the bank accounts of a local crypto exchange. This decision follows a similar move by another major Thai bank, Bangkok Bank, to terminate the same exchange’s bank accounts. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Second Bank Closes Account of Crypto …

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Chinese Entrepreneur Warns Against Mining and ICO Bans

Angel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency sector, in addition to arguing that many of …

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PR: CryptoWorld LLC Announces Wall Street and the Internet of Money Conference.

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Over 30 of the world’s leading blockchain, cryptocurrency and investment …

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Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange

The Supreme Court of Israel issued a temporary injunction order on Monday forbidding Bank Leumi from sweepingly halting the account activity of the Bits of Gold bitcoin exchange. This is seen as a major victory in the Israeli cryptocurrency industry that will set a precedent for other bitcoin businesses struggling to get banking services. Also …

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Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust

Japanese cryptocurrency exchange Coincheck is reportedly considering a capital tie-up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost. As multiple victim groups are preparing to sue the exchange, the Tokyo police is also stepping up its investigations. Also read: Indians Look to …

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Bitfract by Shapeshift Lets You Swap One Cryptocurrency for Many

Instant cryptocurrency exchange specialist Shapeshift has quietly launched a new service. Bitfract, which is still in beta, allows users to swap from one cryptocurrency for multiple cryptos in an instant. For example, you can swap from bitcoin to a brace of different altcoins without needing to make multiple transactions. The tool is free to use, …

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Goldman Sachs-Funded Circle Purchases Poloniex For $400 Million

Circle Acquires Poloniex Circle Internet Financial Ltd. recently announced that it has acquired Poloniex for the cool price of $400mln.  The Goldman Sachs-backed company made the buyout public in a Monday blog post. Rumors have swirled in recent weeks that Circle has been in talks to buy the cryptocurrency exchange @Poloniex. I can confirm here …

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ICOs and Exchange Sign-Ups Create Boom for Automated Compliance Industry

Many of the major cryptocurrency exchanges have announced that a massive influx of new traders in late 2017 caused them to be overwhelmed, leading to degraded services or forcing them to close their doors to new clients. Much of the problem was the need to ensure compliance with complex KYC/AML regulations, which the companies struggled …

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