N-Economy

Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban Looms

3 days ago admin2 0
Vietnamese businesses and individuals have stopped importing bitcoin mining equipment into the country since the beginning of July, according to the Ho Chi Minh City Customs Department. This follows the government’s efforts to pass a law banning the import of bitcoin mining rigs into Vietnam. Mining Rig Imports Stop Business and individuals in Vietnam used Read More

Iran Steps Up Plan for National Crypto After US Sanctions

6 days ago admin2 0
Right after Washington’s move to impose sanctions that will restrict Iran’s access to US currency, reports came out that Tehran is speeding up the project to develop a national cryptocurrency. Officials in the Islamic Republic believe the state-issued coin could help circumvent the restrictions imposed by the Trump administration. Iran to Evade US Sanctions Using Read More

Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent

6 days ago admin2 0
A special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously. This finding contradicts the popular perception of the cryptocurrency’s primary use. New Data From DEA Agent A DEA special agent, Lilita Infante, has reportedly Read More

Canaan Unveils 7nm Chip Equipped Miner at Press Conference

1 week ago admin2 0
At a recent press conference, the world’s second largest manufacturer of bitcoin mining rigs, Canaan Creative, revealed four new products. In addition to the recently reported bitcoin mining television set, the company will launch a 7nm chip-equipped 30T Avalonminer A9, a Litecoin Avalonminer, and a household heater miner. Canaan Creative Celebrates Development of 7nm Chip Read More

Largest Movie Theater Chain in Thailand Going Crypto

2 weeks ago admin2 Comments Off on Largest Movie Theater Chain in Thailand Going Crypto
Thailand’s largest movie theater chain, Major Cineplex, is reportedly integrating crypto payments to allow customers to pay for its services and products with cryptocurrency, including movie tickets and popcorn. Thailand recently began regulating crypto businesses. This week, the Thai Securities and Exchange Commission started accepting license applications from crypto operators. Largest Cinema Chain in Thailand Read More

Exchanges Round-Up: CME Rejects Altcoins, Waves DEX Hacked on Launch

3 weeks ago admin2 Comments Off on Exchanges Round-Up: CME Rejects Altcoins, Waves DEX Hacked on Launch
Exchanges In recent news pertaining to cryptocurrency exchanges, the CEO of Chicago Mercantile Exchange (CME) has indicated that the company has no intentions of introducing derivative markets for alternative cryptocurrencies in the near futures; Waves’ decentralized exchange was hacked upon launch; and the founder Pakcoin has attributed Pakistan’s slow rate of cryptocurrency adoption to low Read More

More Than 6% of Securities Lawsuits Filed in 2018 Have Related to ICOs

3 weeks ago admin2 Comments Off on More Than 6% of Securities Lawsuits Filed in 2018 Have Related to ICOs
Finance Cornerstone Research, an economic and financial consulting company, has published a report finding that more than 6% of the securities class action filings made in 2018 have related to initial coin offerings (ICOs) and cryptocurrencies. Also Read: Markets Update: BTC Gains 30% in Two Weeks, Alts Lose Correlation 6% of Securities Filings in 2018 Have Read More

FINMA Seeks to Stem Exodus of Swiss Cryptocurrency Firms

3 weeks ago admin2 Comments Off on FINMA Seeks to Stem Exodus of Swiss Cryptocurrency Firms
Finance The Swiss Financial Market Supervisory Authority (FINMA) has met with representatives of the country’s banking sector in the hopes of stemming a nascent exodus among cryptocurrency companies from Switzerland. The companies’ departures have been attributed to two Swiss banks’ decisions to no longer provide financial services to businesses dealing with virtual currencies. Also Read: India Read More

Ukraine’s Financial Stability Council Supports Crypto Regulatory Concept

4 weeks ago admin2 Comments Off on Ukraine’s Financial Stability Council Supports Crypto Regulatory Concept
Economy & Regulation Ukraine has taken a positive step towards legalizing cryptocurrencies. A new regulatory concept, one that recognizes coins and tokens as financial instruments, has won support from the members of the country’s Financial Stability Council. The body includes representatives of the National Bank, the Finance Ministry and other government agencies. Also read: Minsk Read More