South Korea’s Financial Services Commission (FSC) always puts the interests of investors first in its daily endeavors. It has today pronounced restructuring plans that will ensure desirable market changes take effect. From time to time, new financial technologies such cryptocurrencies arise, posing challenges in the markets. This commission is looking forward to succeed in dealing […]
Cryptocurrency
Cryptocurrency Company To Report Large Transactions To Israeli Tax Authorities
The Israeli Tax Authority (ITA) has entered a deal with the biggest Bitcoin exchange in the country. The crypto exchange which is based in Tel Aviv has agreed to report authorities which transfer over $50,000 of the digital currency. The Israeli Tax Authority entered into an agreement with Bits of Gold which is said to […]
Investigators Raid South Korea’s Biggest Cryptocurrency Exchange Upbit Over Suspicion Of Fraud
South Korea’s largest cryptocurrency exchange has brushed shoulders with the law having been accused of falsifying balance sheets to deceive investors. According to investigators who raided Upbit, the exchange transferred customers’ exchange funds to separate accounts prompting suspicion of fraud activities. The raid carried out by ten investigators from the Financial Supervisory Service (FSS) was […]
Money Moves into Ethereum, Trading Takes Over Bitcoin’s Share
There has been a curious trend with Ethereum (ETH) that indicate to a possible “flippening” and staging a strong challenge to Bitcoin as the leading cryptocurrency. For a number of months, Ethereum trading accounted for less the 10% of all trades. On the other hand Bitcoin has taken up 36% of all the trading. The rise […]
Washington Utility Beefs Up Security Amid Crypto Mining Moratorium
A Washington utility provider understands how severe a backlash from the cryto miners could turn out to be and that is the reason it has resorted to heightening security measures. A person well conversant with the matter but who wanted his identity kept anonymous said that there were several security cameras and bulletproof panels at PUD headquarters. Recent […]
South Korean Lawmakers Draft Bill To Legalize ICOs
A group of lawmakers in South Korea is drafting a bill to legalize the initial coin offerings (ICOs) under new conditions set by the government. The new bill emanated from the need to review the current situation in the country during the ICO and Blockchain Technology Forum held recently at the National Assembly. Last year, […]
Nasdaq Considering Launching Its Own Cryptocurrency Exchange But Must Consider Regulations
Nasdaq has been keeping a close eye on events in the digital currency industry. Nasdaq CEO Adena Friedman now says the company may consider running its own cryptocurrency in the future. The wave of digital currency has been sweeping around the world and has attracted the attention of financial regulators and governments alike. It may […]
Litecoin Gets Boost From Major Cryptocurrency Platforms Despite Disappointing Demise Of LitePay
Litecoin has received a great support from the major cryptocurrency platforms despite facing the disappointing demise of its product LitePay just recently. The peer-to-peer cryptocurrency has now teamed up with TenX, a well-known wallet platform as well as with Korbit, the second biggest exchange of South Korea. Litecoin Foundation was created in 2011 by Charlie […]
Yahoo Japan To Invest In 40% Tokyo-Based Cryptocurrency Exchange BitARG
Yahoo Japan is planning to buy 40% stake in the Tokyo-based cryptocurrency exchange BitARG. According to an undisclosed source, the deal could be approximately in between 2 billion-3 billion yen. The company released a statement saying that it will buy 40% stake in the crypto exchange and will line up its services sometime in the […]
The Team is Upbeat on Cryptocurrency Verge (XVG)
The valuations of Verge (XVG) were very low in the year 2017. Only a few investors took advantage of the cheaper cryptocurrency. Those invested in the currency were fortune to make handsome returns. People, who were looking to make quick returns, have missed the opportunity. Also, the developers and the passionate community took more time […]
