Buda Cryptocurrency Exchange Loses All of Its Colombian Bank Accounts

Buda Cryptocurrency Exchange Loses All of Its Colombian Bank Accounts

The Buda cryptocurrency exchange has lost all of its bank accounts in Colombia, effectively disabling its cryptocurrency operations in the South American nation. Bancolombia, BBVA, and Davivienda simultaneously closed Buda’s bank accounts on 7 June 2018. The Financial Supervisor of Colombia sent out a letter in February indicating that cryptocurrency exchanges in Colombia were under […]

Crypto Manga, a New Kind of Comic Cuts out the Crypto Babble

Crypto Manga, a New Kind of Comic Cuts out the Crypto Babble

A Japanese crypto comic book, thought to be the first of its kind, will go into circulation in order to inform readers of the various aspects of cryptocurrency, writes Bitcoin.com. Released as a series called Shonen Crypto, the Crypto Manga follows characters as they go through their crypto life. The first issue has six parts, […]

Thailand’s SEC Issues Cryptocurrency Rules

Thailand's SEC Issues Cryptocurrency Rules

The Securities and Exchange Commission (SEC) of Thailand announced new cryptocurrency laws on 8 June 2018. This can be viewed as a positive step to legalize cryptocurrencies in the Southeast Asian nation, in contrast to other countries such as nearby China which has banned cryptocurrency trading activity. These rules issued by the SEC come just […]

Connecticut Joins Growing Number of US Blockchain States as Interest Spreads

Connecticut Joins Growing Number of US Blockchain States as Interest Spreads

Governor Dannel Malloy of Connecticut has signed off on a law that will employ a blockchain working group, in order to further study the technology and how it can be utilized in state legislation. The new law, SB 443 is a result of a bill which passed through both legislative houses last week tasked with overseeing […]

Wall St “Crypto King” Bullish on New Market Jump Start, Needs Clarity

Wall St "Crypto King" Bullish on New Market Jump Start, Needs Clarity

Bart Smith, the head of digital assets at Susquehanna International Group, once crowned “Wall Streets Crypto King” claims that institutional investors will re-stimulate the cryptocurrency market once more regulatory clarity is provided, according to CCN. Smith, who launched a crypto desk which buys and sells millions of dollars in bitcoin and other cryptocurrencies, asserts that […]

Moscow’s Largest Exchange to Develop Platform for Companies to Conduct ICOs

Moscow's Largest Exchange to Develop Platform for Companies to Conduct ICOs

Moscow’s largest exchange, MOEX is planning on allowing companies to initiate initial coin offerings (ICO’s) sometime during this year, reports Reuters. The Moscow Exchange is the main liquidity and price discovery center for Russian financial instruments. It trades in equities, bonds, derivatives, currencies, money market instruments, and commodities, with a total trading volume of around $1.1 […]

US Regulators Subpoena Coinbase, Kraken and Bitstamp in Bitcoin Probe

US Regulators Subpoena Coinbase, Kraken and Bitstamp in Bitcoin Probe

The US Commodity Future Trading Commission (CFTC) has subpoenaed Coinbase, Kraken, Bitstamp, and ItBit in an ongoing Bitcoin manipulation probe started last month, reports Coingape. It is thought that the investigation has been initiated due to the distorted prices in the futures market. Coinbase is one of the world’s major cryptocurrency exchanges with Kraken in 24th position […]

Richest Bitcoin Wallets Hold Over 1 Billion USD Each

Richest Bitcoin Wallets Hold Over 1 Billion USD Each

The top two richest Bitcoin wallets have over 1 billion USD. As of this writing, the Bitfinex cold wallet holds 172,236 bitcoins worth 1.27 billion USD and Binance, about 158,779 bitcoins worth 1.17 billion USD. Binance is the most active cryptocurrency exchange in the world with well over 1 billion USD in volumes per day, […]

$15 Billion Shed in Two Hours in Bitcoin, Crypto Markets Overnight Flash Crash

$15 Billion Shed in Two Hours in Bitcoin, Crypto Markets Overnight Flash Crash

Over Saturday night on 10 June, Bitcoin and crypto markets dipped significantly, with Bitcoin shedding USD 300 in just over an hour, writes Inside Bitcoins. The sideways market which has endured for some weeks finally came to an end when the mini-crash wiped out USD 15 billion off cryptocurrencies in a couple of hours. The current […]

Not Yet for CBDC Says Italian Central Bank

Not Yet for CBDC Says Italian Central Bank

Italy has decided that at this present time it has no inclination to embark on a CBDC, according to the deputy governor Fabio Panetta of the Bank of Italy in a statement on Thursday, reported Coindesk. During a keynote address to the SUERF and BAFFI CAREFIN Centre Conference held at Bocconi University, he focussed his […]