Business News

Bitcoin Price Retreat Digs Into Bitcoin Miner Profits

12 hours ago admin2 0
Advertisement Get Trading Recommendations and Read Analysis on for just $39 per month. Bitcoin miners may be turning off their machines, at least until the bitcoin price rebounds. It’s no secret the BTC price has been in a rut, which has dampened investor sentiment but now it’s also interfering with the plans of ambitious Read More

SEC Official Says ‘Dozens’ of Crypto Investigations Underway

12 hours ago admin2 0
A top official at the U.S. Securities and Exchange Commission (SEC) has confirmed the existence of numerous investigations into initial coin offering (ICO) campaigns. On Thursday, Stephanie Avakian, co-director of the SEC’s Enforcement Division, said the agency had “dozens” of investigations that relate to cryptocurrency and ICOs, according to Bloomberg BNA, during an appearance at Read More

Philippines Senator Proposes Harsher Penalties for Cryptocurrency Crimes

1 day ago admin2 0
Advertisement Get Trading Recommendations and Read Analysis on for just $39 per month. A new bill filed by a Philippines lawmaker is seeking tougher consequences for citizens involved in cryptocurrency crimes. According to a new bill proposed by opposition senator Leila M. de Lima to the country’s Senate, the lawmaker is proposing a penalty Read More

Singapore Central Bank Eyes Blockchain Potential in Cross-Border Remittance

1 day ago admin2 0
The Monetary Authority of Singapore (MAS), the city-state’s de facto central bank, is looking to adopt blockchain technology in conducting cross-border remittances. During a speech on Thursday at a financial industry event, MAS managing director Ravi Menon doubled down on his belief that one of the “strongest” use cases for crypto tokens is to facilitate cross-border settlements. Read More

Abra Adds 18 New Cryptos for Mobile Investing

2 days ago admin2 0
Crypto wallet startup Abra is expanding the number of cryptocurrencies it supports to 20 from just two – bitcoin and ethereum – currently. Announced today, bitcoin cash, dash, dogecoin, ethereum classic, golem, litecoin, omisego, qtum, XRP, vertcoin and zcash will be immediately available on the app. Over the next few days, it will also roll Read More

STRATUS Mining – The New Kid on the Mining Block

2 days ago admin2 0
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service Read More

South Korea Raids 3 Crypto Exchanges in Embezzlement Probe

2 days ago admin2 0
South Korean prosecutors raided three cryptocurrency exchanges this week over suspicions that staff embezzled funds from customers’ accounts, according to local news reports. Exchange staff, including executives, are suspected of siphoning off money from customer accounts and using it to purchase cryptocurrencies at other exchanges, reported. The Seoul Southern District Prosecutors’ Office reportedly confiscated hard Read More

SEC Probes Cryptoasset Hedge Funds as Regulators Ramp up ICO Scrutiny

3 days ago admin2 0
Advertisement Get Trading Recommendations and Read Analysis on for just $39 per month. The US Securities and Exchange Commission (SEC) has reportedly begun probing cryptoasset hedge funds as part of its wider clampdown on initial coin offerings (ICO) that violate federal securities regulations. Citing three people familiar with the matter, Bloomberg reports that the Read More

Brazilian Officials Caught Using Bitcoin in $22 Million Scam

3 days ago admin2 0
Police officials in Rio de Janerio have uncovered a money laundering scheme in which state officials siphoned off money intended for prison supplies, using bitcoin to exchange some of the proceeds. The scam involved misstating the budget spent on food for state-run prisons, ultimately diverting funds worth $22.4 million – though only a small portion of the Read More

Binance Coin Jumps 25% On News Of Its Own Blockchain

4 days ago admin2 0
Advertisement Get Trading Recommendations and Read Analysis on for just $39 per month. Binance Coin was up more than 25% in the last 24 hours, hitting a high of $11.00, driven on news that it will launch its own “tailored blockchain” in an apparent first step toward building a decentralized exchange (DEX). The market Read More