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Category: Regulation News

November 8, 2018

Hackers Managed to Use 6,000 South Korean Computers for Crypto Mining

SEOUL – THURSDAY 8 NOVEMBER 2018 – The Korean National Police Agency Cyber Bureau announced that a group of five hackers led by 24-year-old Kim Amy Gae promoted a list of over 32,000 emails injected with crypto mining malware targeting 6,000 computers in South Korea. According to the official report, the hacking group managed to … Continue reading “Hackers Managed to Use 6,000 South Korean Computers for Crypto Mining”

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October 28, 2018

Plattsburgh City, New York, Demands Stricter Crypto Mining Regulations

Cryptocurrency mining companies are always looking for cities, regions, or countries with cheap electricity and relatively colder climate. All that to reduce the costs of the powerful mining rigs which consume vast amounts of electric power not only for the crypto mining processes but also for the equipment’s cooling systems. Now, the Plattsburgh City, New York, USA, … Continue reading “Plattsburgh City, New York, Demands Stricter Crypto Mining Regulations”

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September 11, 2018

South Korean Banks Are Limiting Services for Crypto Traders without Identity Verification

According to local news portals, South Korean banks are implementing new measures for crypto traders. Reportedly, they are going to limit the services offered to cryptocurrency traders and investors without identity verification. This measure comes after 40-50 percent of the crypto traders with accounts registered with the top fours cryptocurrency exchange platforms across South Korea … Continue reading “South Korean Banks Are Limiting Services for Crypto Traders without Identity Verification”

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August 30, 2018

The Reserve Bank Of India’s Annual Report Is Out – Migration Of Crypto Exchanges Raises Concerns

RBI released its annual report yesterday, August 29 and it highlights the need to keep track of trade in virtual currencies that are turning opaque. The crypto crackdown in India might backfire, or at least this is what RBI fears these days. The bank’s report says that“Developments on this front need to be monitored as some … Continue reading “The Reserve Bank Of India’s Annual Report Is Out – Migration Of Crypto Exchanges Raises Concerns”

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August 24, 2018

SEC Is Reportedly Reviewing The Nine Bitcoin-Backed ETF Denials & Bitcoin’s Price Surges As A Result 

The cryptosphere was recently hit with the sad news that the SEC rejected nine more ETC proposals. But now, new hope is born after the US Securities and Exchange Commission revealed that it would reconsider the proposals that have been denied yesterday. The SEC rejects more Bitcoin ETFs from ProShares, GraniteShares, And Direxion The nine … Continue reading “SEC Is Reportedly Reviewing The Nine Bitcoin-Backed ETF Denials & Bitcoin’s Price Surges As A Result “

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August 23, 2018

The SEC Rejects More Bitcoin ETFs From ProShares, GraniteShares, And Direxion

Another bad news for the Bitcoin ETFs: the US Securities and Exchange Commission rejected two more ETF proposals filed by ProShares. The company has around $30 billion in assets under management and filed with the SEC back in September. The exchange-traded funds would have tracked BTC futures traded on the Chicago Board of Options Exchange … Continue reading “The SEC Rejects More Bitcoin ETFs From ProShares, GraniteShares, And Direxion”

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August 21, 2018

Thomas Zeeb, Head Of Securities And Exchanges At SIX Swiss Exchange Believes That Cryptos Are “Here To Stay”

Thomas Zeeb is the head of Securities and Exchanges at SIX, the owner of a Swiss stock exchange. He recently stated that he believes “digital assets are here to stay,” in an interview with Business Insider. This comes right after the positive statements made by regulators all over the world. He also spoke about the … Continue reading “Thomas Zeeb, Head Of Securities And Exchanges At SIX Swiss Exchange Believes That Cryptos Are “Here To Stay””

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August 15, 2018

Coinbase Says It Was Signing Up 50,000 Users On A Daily Basis In 2017 – The Exchange Helped Customers Trade $150 Billion Worth Of Crypto

Coinbase is one of the world’s largest crypto exchanges, and it claims to have been signing up 50,000 new customers on a daily basis back in 2017. This is what Chief Executive Officer Brian Armstrong said at the Bloomberg Players Technology Summit in San Francisco. There are a lot of enthusiasts who are attracted to … Continue reading “Coinbase Says It Was Signing Up 50,000 Users On A Daily Basis In 2017 – The Exchange Helped Customers Trade $150 Billion Worth Of Crypto”

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August 10, 2018

Lax Cryptocurrency Regulations In Thailand Attract Crypto Companies

Thailand chose for more lax cryptocurrency regulations, including ICOs and now increasingly more crypto companies filed applications for licenses to operate across this Asian country. In this regard, the Thai Securities and Exchange Commission reported that more than 50 ICOs, five crypto portals, and about 20 cryptocurrency exchange platforms plan on launching in Thailand. Thailand adopted … Continue reading “Lax Cryptocurrency Regulations In Thailand Attract Crypto Companies”

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August 4, 2018

The ICE Announcement Will Reportedly Pave The Way For Bitcoin ETFs

It seems that the way towards the Bitcoin ETFs becomes smoother with each passing day. At least, according to expert opinions. Brian Kelly, hedge fund manager, was invited on CNBC’s Fast Money and called Intercontinental Exchange’s announcement about the upcoming Bakkt platform the biggest news of the year, also detailing his motivation. Intercontinental Exchange (ICE) … Continue reading “The ICE Announcement Will Reportedly Pave The Way For Bitcoin ETFs”

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