Tag Archives: Cryptocurrencies

Report: South Korea to Decide Thursday on Crypto Exchange Regulation

South Korea will make a decision on Thursday over its stance on cryptocurrency exchange regulation, according to a report by Reuters. Responding to a parliament member at the national policy committee meeting today, Choi Jong-ku, head of South Korea’s Financial Services Commission, explained how such regulation may play out, reportedly saying: “(The government) (more…)

Crackdown on Bitcoin Hits Businesses in Bali

Regulation Having issued a stark warning to “all parties” against any use of “virtual currency”, Bank Indonesia has now joined forces with local police to prevent bitcoin transactions where they are most likely to take place – in Bali. The island, a popular holiday destination with tourists spending both fiat (more…)

Central Bank of Indonesia Warns Against All Cryptocurrency Use, Cites High Risk

Bank Indonesia issued a press release on Jan. 13, warning its citizens against the use of selling, buying or trading cryptocurrency and reiterating that virtual currency is not legitimate within Indonesia. This statement comes after the September reassertion that Bank Indonesia will not accept Bitcoin (BTC) as payment, leading to the voluntary (more…)

Ethereum Pioneer and Early Contributor Says ETH Could Triple in 2018

Ether, the cryptocurrency native to the Ethereum network, could triple in value in 2018 as businesses in various industries are beginning to recognize the potential of Ethereum. The surge in the number of projects being built on the platform, coupled with increasing public interest in the cryptocurrency market, could push (more…)

Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges

Regulation The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Some Exchanges Will be Legalized Alexei Moiseev. The Russian Deputy Finance Minister Alexei (more…)

Kodak Stock Jumps 125% on ‘KodakCoin’ Cryptocurrency, ICO News

Shares of Eastman Kodak Company jumped 125% following news that the former camera and film giant was venturing into the cryptocurrency and blockchain space. Kodak and strategic partner WENN Digital announced on Tuesday that they were developing a blockchain-based called KodakOne for image rights management and its cryptocurrency called KodakCoin. A (more…)

Visa Suspends WaveCrest Status, Stopping Some Crypto Credit Cards

A great many of Visa’s cryptocurrency debit cards have ceased working today as the company ended its relationship with a debit card provider called WaveCrest. Affected cards are those issued by WaveCrest, including products from CryptoPay, Bitwala, TenX, Wirex and others. The move, which first appeared to be cryptocurrency related, is in fact simply (more…)

Bitcoin Adoption in Africa Hinders EAC Plans for a Unified Currency

Economy & Regulation Due to a declining economy and eroding national currencies, the East African Community (EAC), an intergovernmental central bank organization composed of six countries in eastern Africa have plans to adopt a unified currency. However, the growing popularity of bitcoin and other digital currencies are hindering the East (more…)

South Korean Government Stressing Over “Irrationally Overheated” Bitcoin Market

Bitcoin’s tumultuous December continued this week as the South Korean government expressed concerns at the lack of regulatory control over cryptocurrency exchanges. The country has been at the forefront of massive cryptocurrency adoption this year and the government has struggled to keep up with developments and trading in the industry, where arbitrage (more…)