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The complexities of 2018 crypto bear market markedly displayed significant marks of additional distress. As per the prominent cryptocurrency number and the founder Anthony Pompliano of Morgan Creek Digital, significant cost drawdowns in 2018 might be the reason for the cryptocurrency hedge funds shutting up the shop soon. AS per the report published in CCN […]
Recently, Bitcoin saw a 9 percent slump in equity markets. Fundstrat Global Advisors’ Bitcoin (BTC) analyst Tom Lee reacted on it while saying that he expected that “Bitcoin volatility should be much higher” based on “how small Bitcoin is in terms of market cap.” He also stated at an interview on CNBC’s Squawk Box that […]
In Brazil, two banks had to reopen its accounts to avoid paying fines. They took this action because of the preliminary decisions made by Brazil’s Federal District Court. The two banks were Santander, and Banco do Brasil, which eventually restored the accounts. Not complying the court’s decision would have cost Santander up to $1,350 and […]
As the entire crypto world seems quite uncertain and risky, the German government sees the need to regulate Initial Coin Offerings (ICOs) and cryptocurrencies. Germany’s financial regulator calls for international efforts to regulate ICO. With that, Felix Hufeld who is the chairman of Federal Financial Supervisory Authority (BaFin) expressed that German regulatory sources continue to […]
Shockingly, MapleChange declared before deleting its Twitter account, that they “[had] no more funds to pay anyone back.” On its Twitter page it elaborated, due to a bug,” an unknown group of individuals managed to withdraw funds. The firm states that it is conducting a “thorough investigation” and will be unable to make refunds.” Apparently, […]
Ajit Pai is the telecommunications director and also a first Indian American to become Chairman of the United States Federal Communications Commission. He is looking forward to developing innovations in blockchain to effectively regulate them. He said that his office would be looking into the emerging technologies for their possible benefits for the telecom sector, […]
It is reported by Bloomberg that Blockchain technology firm Bitfury is looking forward to a potential Initial Public Offering (IPO). Bitfury is established since 2011 and is famous as a huge non-Chinese company that develops Bitcoin (BTC) blockchain software and offers infrastructure for BTC mining. The company also built a better performing algorithm for routing […]
As the information given on the cryptocurrency data aggregation site CoinMarketCap(CMC) was falsely showing tether (USDT) trading volume, a cryptocurrency trading platform Bitfinex hits back at reports. Bitfinex responded on this by naming those allegations the latest “not-so-brilliant example of anti-Bitfinex/Tether FUD.” It was indicated on the CMC page that Bitfinex’s USDT/USD market has been […]
As the chairman of Taiwan’s Financial Supervisory Commission (FSC), Wellington Koo reveals that regulations for controlling ICOs are being outlined. The step of regulation will bring ease to the process for investors. Koo stated at a finance committee meeting of the country’s legislature that, the draft copy of the regulations will be prepared by mid […]
In an encouraging move, Binance, a huge cryptocurrency exchange has decided to put an end on money laundering on its platform. The most negative aspect of cryptocurrency is the criminal activities accomplished with the help of it. It is due to the lack of privacy and safety measures. Although, due to Know Your Customer (KYC) […]
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