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Showing posts with the label March 02

Japan's FSA-Approved Cryptocurrency Exchanges To Form Self-Regulatory Body

The company's CEO, Shone Anstey, suggested that the laundered cryptocurrency might have been sent to Japan. According to a report in a publication run by the Japanese Communist Party, other stolen XEM (as NEM tokens are called) recently ended up on the Japanese virtual currency exchange Zaif ... from Google Alert - cryptocurrency http://ift.tt/2t8BG6S via IFTTT http://ift.tt/eA8V8J

Company To Link Gold Trade Payment Methods With Cryptocurrency Techniques

KaratBank is creating a new Blockchain-based cryptocurrency based on the ancient legacy of gold. Whilst not readily used in trading today, gold has traditionally been viewed as a safe and secure investment. Combining this historical method with the most modern, cryptocurrency , may not seem like a ... from Google Alert - cryptocurrency http://ift.tt/2HYiXOT via IFTTT http://ift.tt/eA8V8J

Can a central bank use cryptocurrency?

Due to the anonymity of cryptocurrency transactions and the heightened volatility around technology and regulation, cryptocurrencies, in their current state, generally do not function as money under economists' definition of money, which is: (i) a unit of account, (ii) a medium of exchange, or (iii) a store of ... from Google Alert - cryptocurrency http://ift.tt/2FQMyt3 via IFTTT http://ift.tt/eA8V8J

What UK Cryptocurrency Crackdown Could Mean for Bitcoin

On Friday, the Bank of England — the United Kingdom's central bank that acts independently of the government — joined other international financial institutions in proposing to enact cryptocurrency regulations. It's a move that could lead to more red tape for U.K. bitcoin owners and a general downswing ... from Google Alert - cryptocurrency http://ift.tt/2FfVg66 via IFTTT http://ift.tt/eA8V8J

Top economist calls for cryptocurrency regulation

Canadian economist and current Governor of the Bank of England, Mark Carney, brought up a number of issues about cryptocurrency during a speech at the Scottish Economics Conference held at Edinburgh University. These concerns included the current volatility of cryptocurrency values, the relation ... from Google Alert - cryptocurrency http://ift.tt/2H1jwGu via IFTTT http://ift.tt/eA8V8J

Japan's cryptocurrency exchanges plan self-regulating committee

Government-registered cryptocurrency exchanges in Japan are setting up a self-regulation body in the region. The move, Reuters reports, is an effort to legitimize and establish trust in the area following the $530 million Coincheck theft in January. There isn't a name for the body yet and similarly, there's ... from Google Alert - cryptocurrency http://ift.tt/2tdqWnJ via IFTTT http://ift.tt/eA8V8J

Wall Street trading giant Virtu is preparing to take legal action against a fake copycat cryptocurrency

Virtu Financial, the Wall Street trading giant, is preparing to take legal action against a fake cryptocurrency that's using its likeness and claiming a connection to the firm. Virt Coin, a fake cryptocurrency project, put out a press release Thursday outlining Virtu Financial's supposed plan to launch its own ... from Google Alert - cryptocurrency http://ift.tt/2oFZE4E via IFTTT http://ift.tt/eA8V8J

Blockchain Valley: Wyoming Is Poised To Become the Cryptocurrency Capital of America

Wyoming is a state of rugged individualists that seems to have a penchant for being “first” on matters of no small importance. Also dubbed the “Equality State,” Wyoming was the first state to grant women the right to vote and the first state to elect a female governor. As to business matters, it was the ... from Google Alert - cryptocurrency http://ift.tt/2tdqXIj via IFTTT http://ift.tt/eA8V8J

Cryptocurrency Crackdown: SEC Probe Heaps Regulatory Pressure on Multi-Billion-Dollar Market

The Securities and Exchange Commission (SEC) is involved in a probe into firms raising funds through initial coin offerings (ICO)—a process designed to sell tokens of a cryptocurrency ahead of its launch—according to separate reports from the Wall Street Journal and Coindesk. The SEC declined to ... from Google Alert - cryptocurrency http://ift.tt/2F8TyUT via IFTTT http://ift.tt/eA8V8J

Some of the cryptocurrency stolen in Coincheck heist has been traced to Canada

Some of the funds stolen from Coincheck Inc. in the US$500-million heist have been traced to a cryptocurrency exchange in Canada, according researcher BIG Blockchain Intelligence Group Inc. Some of the stolen NEM coins are being transferred to a Vancouver-based exchange, where they are being ... from Google Alert - cryptocurrency http://ift.tt/2GXEFB5 via IFTTT http://ift.tt/eA8V8J

Most Shoppers Would Use Amazon Cryptocurrency

would consider embracing a cryptocurrency created by the online retail giant to shop on its site, according to a recent survey by LendEDU. As the Seattle-based tech giant pushes into new markets outside of its core e-commerce platform, disrupting traditional industry players in segments such as grocery ... from Google Alert - cryptocurrency http://ift.tt/2F7pN2M via IFTTT http://ift.tt/eA8V8J

Cryptocurrency miners spent $776M on millions of GPUs last year

The rise of cryptocurrency mining led to GPU shortages that have impacted PC gaming, graphic designers, and even researchers looking for alien life. The shortage has caused secondhand prices to skyrocket, rising by hundreds of dollars in many cases. Interestingly enough, JPR noted, GPU shipments ... from Google Alert - cryptocurrency http://ift.tt/2FPKXDK via IFTTT http://ift.tt/eA8V8J

A Major Dutch Bank Is Considering a Cryptocurrency Wallet for Its Customers

Regardless of the eventual outcome of Rabobank's selection project, the very fact that the bank is considering issuing a cryptocurrency wallet is significant. It's also worth noting that Rabobank has previously expressed a negative position on bitcoin and cryptocurrencies. “Ownership and value transfer ... from Google Alert - cryptocurrency http://ift.tt/2teZvtE via IFTTT http://ift.tt/eA8V8J

Uber's Co-Founder Is Creating a Cryptocurrency -- And Plans to Give It Away for Free

Uber co-founder Garrett Camp plans to launch a brand-new cryptocurrency known as "Eco," designed as a global currency that can be used for payment transactions. While this may sound like bitcoin (BTC-USD) or other major cryptocurrencies, and in this respect it is quite similar, Eco intends to set itself ... from Google Alert - cryptocurrency http://ift.tt/2FOpQBq via IFTTT http://ift.tt/eA8V8J

Trading firm Virtu distances itself from phony cryptocurrency

The U.S. Securities and Exchange Commission has a number of active investigations into companies that claim to be in the cryptocurrency space, but which are really just trying to steal people's money, Steven Peikin, co-director of the agency's enforcement division, said in September. In January the ... from Google Alert - cryptocurrency http://ift.tt/2F6Hu2l via IFTTT http://ift.tt/eA8V8J

Bitcoin Rises as BOE Calls for Cryptocurrency Regulation

Investing.com - Bitcoin wavered near $11,000 on Friday, as Bank of England Governor Mark Carney warned cryptocurrencies were failing as a form of money and needed to be regulated. Bitcoin was trading at $10,872 up 0.45% as of 9:11 AM ET (14:11 GMT) on the Bitfinex exchange after hitting an ... from Google Alert - cryptocurrency http://ift.tt/2FLYgFd via IFTTT http://ift.tt/eA8V8J

Japanese Restaurant Accepts XEM Cryptocurrency

St.Arnould, a popular restaurant in Tokyo, Japan has begun accepting XEM cryptocurrency . XEM is the native cryptocurrency of the NEM blockchain platform. The restaurant is reportedly the first restaurant in the world to recognize the virtual currency as a means of payment. The XEM cryptocurrency is ... from Google Alert - cryptocurrency http://ift.tt/2F7QdBq via IFTTT http://ift.tt/eA8V8J

Cryptocurrency is terrible as money but “crypto-assets” are for real, says Bank of England's chief

The prospects that cryptocurrency will replace fiat money are “tenuous at best,” he said. Don't over-regulate: Cryptocurrencies are not “true currencies” and should instead be thought of as “crypto-assets,” Carney said, adding that they could have valuable future applications—for instance, as part of “more ... from Google Alert - cryptocurrency http://ift.tt/2oDWgrf via IFTTT http://ift.tt/eA8V8J

This Week in Cryptocurrency–March 2nd, 2018

Like a phoenix rising from its ashes, the cryptocurrency market is in the midst of a resurrection, but is there enough wind under its wings to make it take flight? Over the week, we had a bit of a scare as Bitcoin failed to break the $12k resistance and dropped back down to $9.4k. It's back up now, however, ... from Google Alert - cryptocurrency http://ift.tt/2F76G92 via IFTTT http://ift.tt/eA8V8J