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CRYPTOCURRENCY

Danske Bank Advises Investors to Refrain From Crypto

Danske Bank Advises Investors to Refrain From Crypto

Danske Bank has released a statement on their website setting out its policy of “a negative position towards cryptocurrencies”. It is advising its customers to refrain from such investments. The global Nordic bank, which serves over five million customers in northern Europe, is the biggest bank in Denmark. It made headlines earlier this week by banning cryptocurrencies like Bitcoin across all …


Malta: The Next Place For Crypto Startups?

Malta: The Next Place For Crypto Startups?

Prime Minister of Malta Joseph Muscat has recently revealed plans to reestablish several cryptocurrency businesses in his country’s jurisdiction. Malta already has pro-blockchain legislation and existing regulations around cryptocurrency, making this announcement an outreach for more cryptocurrency companies to locate in the Mediterranean country. Muscat’s announcement came during a political rally in Mqabba last weekend, where he stated he was in ongoing discussions with potential …


NEM Hackers Are Successfully Moving Stolen $550 Million

NEM Hackers Are Successfully Moving Stolen $550 Million

A Tokyo cybersecurity firm has confirmed that nearly all of the USD 550 million worth of NEM cryptocurrency (XEM) stolen in a January 2018 heist has been moved on the dark web.  The funds were initially stolen through Japanese cryptocurrency exchange platform Coincheck, in the form of 500 million NEM tokens. The tokens were tracked by cybersecurity firm Takayuki Sugiura of L Plus. …


Ethereum Tokens Surge on Coinbase Announcement of ERC20 Token Support

Ethereum Tokens Surge on Coinbase Announcement of ERC20 Token Support

Cryptocurrency exchange Coinbase has announced that it will be adding support for ERC20 tokens “in the coming months”, prompting a slight price rise across the board for ERC20 assets in trading markets. The first step will involve its “Custody” team in a process to evaluate a set of ERC20 assets to support for withdrawal and deposits. Having identified them, it …


Weekly Crypto and Blockchain News Roundup: Africa, 19 to 26 March 2018

Weekly Crypto and Blockchain News Roundup: Africa, 19 to 26 March 2018

Africa 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. African Union Meets in Rwanda – African Union leader Ramaphosa has proposed Africa’s own cryptocurrency following Venezuela’s state coin. At a recent African Union meeting in Rwanda, where delegations …


Weekly Crypto and Blockchain News Roundup: Asia, 19 to 26 March 2018

Weekly Crypto and Blockchain News Roundup: Asia, 19 to 26 March 2018

Asia 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.   Japan Japanese government’s decision to increase regulations on Binance, a cryptocurrency exchange that was hacked a few weeks ago, is affecting the price of Bitcoin, forcing it below …


Weekly Crypto and Blockchain News Roundup: The Americas, 19 to 26 March 2018

Weekly Crypto and Blockchain News Roundup: The Americas, 19 to 26 March 2018

The Americas 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 Government – The American government has banned US citizens from trading in new Venezuelan cryptocurrency called Petro. Venezuelan president Nicolas Maduro announced this new initiative to help …


Weekly Crypto and Blockchain News Roundup: Europe, 19 to 26 March 2018

Weekly Crypto and Blockchain News Roundup: Europe, 19 to 26 March 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. European Union The European Union is going to rule on a new legislation called General Data Protection Regulation (GDPR) that allows citizens from across the EU to request for …


Nigeria Crack Down On Crypto

Nigeria Cracks Down on Crypto

Residents in Nigeria have been told to stop meddling with cryptocurrencies, as the Central Bank of Nigeria (CBN) has not approved the digital currency use. This might come as a surprise to Nigerians as little more over than 12 months ago, the Nigerian government offered to support blockchain development.  The Cryptography Development Initiative of Nigeria (CDIN) had invited the Nigerian …


French Finance Minister Calls For ICO Regulations To Attract Crypto Startups

French Finance Minister Calls For ICO Regulations To Attract Crypto Startups

In a recent op-ed for French news website Numerama, France’s finance minister Bruno Le Maire outlined his ambitions to create a legal framework that would regulate initial coin offerings (ICOs) founded in France. In his piece for Numerama, Le Maire emphasized his intent in establishing France as the first major financial center to provide ad hoc legislative framework for companies holding …


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