Educational Hoax ICO Site Launched by US Government
The US Securities and Exchange Commission (SEC) has produced a website advertising a scam initial coin offering (ICO), in an effort to educate the populace on how to identify such fraudulent websites. In a Wednesday press release, SEC Chairman Jay Clayton discussed the intent behind the initiative. While acknowledging the rapid growth in the number […]
New KYC Regulations in EU Validate Crypto Trading
In an effort to prevent financial transgressions, the European Union now requires cryptocurrency exchanges to apply know-your-customer (KYC) policies, similar to that required by traditional banks in a move beneficial to the legitimacy of cryptocurrency trading. Crypto crime prevention The anonymity surrounding cryptocurrency trading is viewed by many as an enabler of fraudulent activities, money laundering, and terrorist financing. As […]
Digital US Dollar Launched by Goldman Sachs-Backed Startup
A new cryptocurrency by fintech startup Circle, a company backed by Wall Street giant Goldman Sachs, is aiming to be a digital version of the US dollar, writes the Independent. Circle has announced that the new USD Coin will be free from volatility issues due to it being pegged to US dollar, offering it a […]
Clearer Ground Rules for Thai Crypto Space
Thailand has clarified its position and some new rules regarding the holding and purchasing of cryptocurrencies in a royal decree published on 13 May on a royal gazette, according to the Bangkok Post. The Royal Thai Government Gazette, frequently abbreviated Government Gazette (GG) or Royal Gazette, is the public journal and newspaper of record of Thailand. […]
Iran and Russia Join In Crypto Chess Against US Dollar as Sanctions Loom
Both Iran and Russia have similar views on bypassing using the US dollar in favor of cryptocurrency in light of sanctions, reports Trustnodes. This is based on comments made by Mohammad Reza Purebrakhimi, the head of the commission for economic affairs of the Assembly of the Islamic Council (Parliament) of Iran, as reported by Interfax. In a […]
French Finance Minister’s Gallic Crypto Passion
French finance minister Bruno Le Maire in a meeting with French entrepreneurs has declared that he plans to support the crypto space, according to Bitcoin.fr. The breakfast meeting included Blockchain Partner’s co-founder and president of Chaintech, Alex Stachtchenko, to whom Le Maire committed his “total and determined support” for the cryptocurrency industry. Stachtchenko reported the finance […]
Bitcoin Price Analysis, 16th May 2018: Bitcoin Markets Stagnant Above $8,000
Bitcoin markets appear to have a hard time finding sustainable support above USD 8,500 levels. Even after the bullish breakout experienced only a couple of days ago, markets are again experiencing a dip, this time reaching low levels of USD 8,100. The day’s signals Large sell0ffs crashed Bitcoin prices down from USD 8,500 levels where […]
