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More Exchanges Fall to Increased Japanese Regulations

Repercussions from the Coincheck hack continue as more Tokyo exchanges close due to regulatory action. However Japan still remains the hub of Asian cryptocurrency. Effect of Coincheck Hack Linger on Blowback from the late January 500 million dollar Coincheck hack continues on as the Japanese Financial Security Agency (FSA) tightens oversight on Tokyo’s booming cryptocurrency marketplace. According … Continue reading More Exchanges Fall to Increased Japanese Regulations

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Bitfinex Plans to Solidify Departments in Move to Switzerland

The worlds fifth largest cryptocurrency exchange Bitfinex wants to trade the sunny British Virgin Islands for the Alpine climate of Zug in Switzerland as its new business headquarters according to Swiss business publication Handelszietung. Bitfinex May be Heading for Zug Following some of its smaller competitors that have settled in Switzerland since the start of the … Continue reading Bitfinex Plans to Solidify Departments in Move to Switzerland

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New Taxes Could Spell End of Cryptocurrency Trading in Thailand

Thailands new Royal Decree on regulating the transactions of digital assets was passed on March 27, granting potential ICOs an additional 30 days to inform the SEC of their plans while raising the capital gains tax and adding 7% VAT to all digital trades. Thai Crypto Traders Face 22% Tax Penalty As was covered two … Continue reading New Taxes Could Spell End of Cryptocurrency Trading in Thailand

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US-based Crypto Bank Uphold adds Ripple’s XRP with zero fee transactions

Uphold, which describes itself as a “cloud-based financial services platform,” has added the option to buy XRP, the cryptocurrency of the global payment network Ripple. This addition brings the number of coins supported by the platform to eight, the others being Bitcoin, Litecoin, Bitcoin Cash, Bitcoin Gold, Ether, Basic Attention Token, and Dash — as well … Continue reading US-based Crypto Bank Uphold adds Ripple’s XRP with zero fee transactions

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Tech Sector a Bigger Bubble than Cryptocurrency

Most people have claimed cryptocurrency is in a bubble over the past year. Given the current market sentiment, these claims seem to make some sense. At the same time, the real financial bubble is present in different sectors. It seems the tech industry is still the biggest bubble people need to be scared of right … Continue reading Tech Sector a Bigger Bubble than Cryptocurrency

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Faceboook Faces Lawsuit Over Banning Cryptocurrency Ads as Collusion Rumors Swell

2018 has not been the year of Facebook so far. Nor is that situation improving by any means, as the company keeps making negative headlines. Their latest concern comes in the form of a new lawsuit regarding their ban on cryptocurrency ads. Not entirely surprising, although it remains to be seen how things play out. … Continue reading Faceboook Faces Lawsuit Over Banning Cryptocurrency Ads as Collusion Rumors Swell

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Could Vietnam be the Future Hub of Blockchain Innovation

Fintech advocates see Vietnam as a potential future hub of blockchain based technology despite messy government regulatory framework. Blockchain Provides Potential for Growth The Vietnamese economy has grown by leaps and bounds in the last three decades becoming what the world bank describes as resilient and looking at 6.7% growth in the coming year. Fintech advocates … Continue reading Could Vietnam be the Future Hub of Blockchain Innovation

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Another Class Action Suit in Coincheck Hack Aftermath

Coincheck is in the news again as another class action suit has been brought against the Japanese cryptocurrency exchange in the aftermath of the January NEM heist. Another Class Action Suit According to the Japanese media outlet Sankei an additional 132 investors have joined a class action suit to try and get full reimbursement of … Continue reading Another Class Action Suit in Coincheck Hack Aftermath

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Partnership Between Coingate and Prestashop Gives 80,000 Merchants the Ability to Accept Cryptocurrencies

In a promising move towards mainstream adoption, Coingate and Prestashop are teaming up to pave the way for 80,000 merchants in Europe to accept cryptocurrencies. The arrangement will permit consumers to pay for goods and services at any of the e-stores that use Prestashop’s e-commerce software solutions, using Bitcoin, Ether, Litecoin, Ripple, Dash, as well as … Continue reading Partnership Between Coingate and Prestashop Gives 80,000 Merchants the Ability to Accept Cryptocurrencies

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Demand For Bitcoin in Venezuela Still Surging Amidst Economic Turmoil

Venezuela has always been a peculiar country when it comes to cryptocurrency. The locals have shown a big interest in Bitcoin and other cryptocurrencies over the years. It seems that demand will only continue to grow. This is despite the country having its own national cryptocurrency, known as the Petro. Venezuela and Bitcoin Looking at … Continue reading Demand For Bitcoin in Venezuela Still Surging Amidst Economic Turmoil

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