South Korea has detected hundreds of millions of dollars worth of illegal cryptocurrency trading, shortly after imposing new regulation. The country’s customs service says that around 637.5bn KRW ($598.6m, £423.2m) worth of foreign exchange crimes have been uncovered. It isn’t yet clear how the people involved in the rule breaches will be punished, but authorities…
Binance, one of the planet’s largest cryptocurrency exchanges has just launched a fundraiser to help those impacted by the destruction wrought by Hurricane Dorian. The last couple of days have seen Caribbean islands and now the south east coast of the US battered by winds, leaving hundreds of thousands of individuals in need of aid.…
The huge bitcoin price crash, which saw the cryptocurrency lose almost half of its value in a matter of days, appears to have stopped – at least for now. Bitcoin declined spectacularly at the beginning of February, falling from $10,000 to $6,000 in just four days. The price plunge has now stopped, and bitcoin appears…
The royal family of one of Europe’s smallest states is open to investing in cryptocurrencies to boost its wealth. Crown Prince Alois of Liechtenstein says digital tokens such as bitcoin were “something to look into more into the future”, but admitted the principality does not currently have the “internal expertise to do that [invest] directly”.…
The Malta Gaming Authority (MGA) has just launched the second phase of its Sandbox Framework initiative. The effort aims to explore how crypto assets might be used at licensed online casinos. The leading iGaming licensing authority will now accept applications to start using blockchain technology and cryptocurrencies within their platforms. It follows the successful completion…
The Bitcoin price has been on an absolute tear of the past year. Despite the cryptocurrency currently trading some 20% lower than its $14,000 year-to-date high, BTC is still up some 200-odd% since January 1st. With this move, many have been left wondering, “who the hell is behind the crypto market’s resurgence?” Related Reading: Major…
Bitcoin bulls are back — that’s right. In the past few hours, the cryptocurrency has been regaining its upward momentum once again, finally showing some bullish price action following the Friday close of the CME’s August BTC futures contracts. Related Reading: 1,000 Bitcoin Buy Wall May Bolster Bull’s Attempt to Push BTC to $10,000 This…
Despite the drawdown in the price of Bitcoin (BTC) — which some analysts say would result in a change of tides for altcoins — BTC dominance continues to tick higher. As of the time of writing this, the key market metric is approaching 70% for the first time in years, implying that once again, almost…
If you told economists twenty years ago about Bitcoin (BTC) and negative-yielding debt, they would be shocked. In the 1990s or even the 2000s, decentralized digital money and a bond that made your money disappear with time would have seemed abstract — quite abstract. Now, however, these two financial trends, which came to fruition mostly over the…
While selling pressure has undoubtedly dissipated, the Bitcoin (BTC) price is still struggling. As of the time of writing this article, the cryptocurrency is trading for $9,550, which is 6.5% lower than BTC was at one week earlier. Related Reading: Prominent Investor Says Bitcoin Has “Failed” As a Safe Haven: BTC Slips 5% But, bulls…