In a sign that mainstream financial institutions are attempting to push back against acceptance of cryptocurrencies, Coinbase has publicized changes that have been made by credit card companies to purchases of cryptocurrencies with credit cards. Rather than being able to process those transactions as credit card purchases, Coinbase and other exchanges are being required by […]
The past 24 hours have seen a flurry of pretty important pieces of news in the Bitcoin and cryptocurrency world, so it’s hard to focus just on one. Here are some of the top stories to think about today. Facebook Bans Ads for Bitcoin and ICOs Facebook has decided to ban ads that feature cryptocurrencies […]
Japanese cryptocurrency exchange Coincheck announced over the weekend that over $500 million worth of cryptocurrency had been stolen from its accounts. The stolen cryptocurrency consisted of NEM coins, the exchange’s own cryptocurrency, and they apparently were stolen by hackers. Coincheck also offers Bitcoin trading, providing about 6 percent of the market for yen-Bitcoin trading. Coincheck […]
Recently reported news coming from the People’s Bank of China (PBOC), the Chinese central bank, may indicate why the Chinese government has cracked down so harshly on cryptocurrency activity in recent months. It appears that the Chinese government may have plans to issue its own digital currency and is trying to make sure that it […]
While much of the recent focus on Bitcoin has been on its tremendous gain in value, less has been discussed recently about its use as a currency. That is, after all, why Bitcoin was created in the first place, to act as a currency that could be used easily by people around the world without […]
It appears that fears of a South Korean ban on cryptocurrency trading are no longer warranted. The South Korean government recently announced new rules to allow cryptocurrency trading within the country. Under the new system, cryptocurrency trading will continue to be allowed, and money can be deposited, withdrawn, or transferred between bank accounts and cryptocurrency […]
Some recent fraud cases should serve as a warning to investors that they need to be careful when investing in cryptocurrencies. More than ever, investors need to remember the principle of caveat emptor. Being complacent in doing due diligence about investment opportunities in Bitcoin and cryptocurrencies could cost them dearly. The Commodity Futures Trading Commission […]
Reports over the weekend indicated that the Chinese government is continuing its hard line against cryptocurrency trading. The People’s Bank of China (PBOC), the Chinese central bank, apparently ordered payment processors to audit their internal operations to determine whether their systems were being used to facilitate cryptocurrency trading. If so, those payment processors would be […]
US regulators from the Financial Stability Oversight Council (FSOC) have formed a working group to focus on cryptocurrencies. FSOC is comprised of some of the country’s major federal financial regulators, including the Chairman of the Federal Reserve System, the Comptroller of the Currency, the Chairman of the Securities and Exchange Commission (SEC), and the Chairman […]
Recent reports have indicated that there may be new pan-Asian cryptocurrency regulation in the works. Regulatory authorities from China, South Korea, and Japan have allegedly met to begin discussing a common framework to regulate the cryptocurrency industry. One of the main concerns of regulators in each of these countries is the amount of purely speculative, […]
