Australian Seeks $6.2M Bet on Bitcoin Surpassing Berkshire Hathaway Shares By 2023
An anonymous Australian cryptocurrency expert is trying to place a bet of AUD 8.5 million (USD 6.28 million) that Bitcoin’s price will exceed the price for a share of Berkshire Hathaway’s stock by 2023, and if won, the bettor wants AUD 1.2 billion (USD 887 million). Tom Waterhouse, the CEO of major London-based gambling bookmaker […]
OKCoin Launches Fiat to Crypto Exchange in US
OKCoin has launched a fiat-to-crypto exchange in the United States called OKCoin USA Inc and is headquartered in Mountain View, California. OKCoin USA is registered as a money service business (MSB) with the Financial Crimes Enforcement Network (FinCEN). The registration with FinCEN dates back to November 2017, indicating OKCoin USA has been in the works for […]
South African Online Trading Platform Purple Group Opens up to Cryptocurrency
Purple Group Limited, a company listed on the Johannesburg Stock Exchange (JSE), has announced that it will add Bitcoin and Ethereum to its trading platform, writes Live Bitcoin News. Users will now be able to buy the two major cryptocurrencies or open short positions using South African rand. Commentators have suggested that the move was […]
South Korean Political Parties to Propose New Crypto Laws
Beginning today and lasting until 26 July 2018, South Korean lawmakers will be submitting draft bills in a race to clarify regulations on initial coin offerings (ICOs), cryptocurrencies and blockchain technology. Partisan blockchain supporters According to a report from local media outlet The Korea Times, the National Assembly is expected to see a flurry of […]
Binance Announces Plans to Create First Decentralized Tokenized Bank in Malta
Binance in Malta is backing plans to create a blockchain-based bank with tokenized ownership, according to Crowdfund Insider. The world’s second largest crypto exchange had already announced its move to Malta in March and has set up a bank account on the island, thus demonstrating that Malta is moving ahead with industry-friendly regulations to facilitate […]
Bank of Queensland Rules out Crypto Purchases Using Mortgage Equity
The Australian Financial Review has reported that the Bank of Queensland will prohibit its customers to use loan equity to purchase cryptocurrency. The Bank of Queensland, one of Australia’s largest banks, which is publicly traded on the country’s stock exchange, has made the move as it believes recent crypto price instability has made amendments to […]
New Power Rate Approved for Upstate New York Crypto Miners
Regulators in New York state have given approval to a new electricity rate scheme for cryptocurrency miners. In response to the permission given earlier by New York state to 36 municipal power authorities to charge higher rates to crypto miners, the Massena municipal utility has come up with its own plan. A new rate structure […]
North America: Crypto and Blockchain News Roundup, 5th to 12th July 2018
North America Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. USA Facebook creates blockchain director post: Facebook has joined in the blockchain bandwagon by creating a Blockchain Director position that will work on […]
Europe: Crypto and Blockchain News Roundup, 5th to 12th July 2018
Europe Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Germany TokenPay announces 9.9% WEG Bank stake for Litecoin Foundation: TokenPay, the company that purchased a significant stake in the German WEG bank, has […]
Which Countries Are Most Likely to Adopt Bitcoin First?
Bitcoin replacing a country’s government currency would be a huge achievement for cryptocurrency as well as a historical milestone. But which countries are most likely to adopt such a nascent currency? One of the biggest drivers for adopting a cryptocurrency would be necessity. Countries where citizens experience hyperinflation, political instability, or other factors that shake […]
