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Indonesia’s New Crypto Rules Tough on Futures Trading

Indonesia’s New Crypto Rules Tough on Futures Trading

Newly-released rules for Indonesia’s cryptocurrency sector have been met with concern by industry players, who accuse the government of limiting the industry’s effectiveness, as reported by the Jakarta Post. New government regulations, given the green light last week, require cryptocurrency traders to maintain a deposit of IDR 80 billion (Indonesian rupiah or approximately USD 5.7 million) in order to participate …


Samba School to Depict History of Money to Bitcoin in Rio Carnival

Samba School to Depict History of Money to Bitcoin in Rio Carnival

This year’s iconic Rio Carnival at Marquês de Sapucaí Sambódromo is to feature a performance depicting the history of money from the development of early 7th century coins to Bitcoin. “Give Me Some Money“, is the work of, no not Abba, but prominent Brazilian samba school Imperatriz Leopoldinense, who are currently working on their entry for this year’s Carnivale. The …


Bank Outages Show System Vulnerabilities Bitcoin Users Avoid

As the traditional banking system continues to incorporate electronic and digital payments, the latest Wells Fargo outage illustrates that all is not well in the light of similar events this year with other major card service suppliers. With the US’s fourth-largest bank by assets falling foul of an ATM glitch in its system last week, denying customers access to their …


Chinese Billionaire Claims Bitcoin Patience Will Reap Rewards

As the much-discussed intuitional investment, hailed as cryptocurrencies jumpstart to a new crypto era, still awaits, a Chinese Bitcoin billionaire calls for patience. Zhao Dong, one of the world’s largest over-the-counter traders of Bitcoin, made the plea to the industry suggesting that it could be well into the year before the market gets the boost it needs. The entrepreneur was …


Exchange Listing XRP Says Ripple “Not Crypto”

An exchange that has recently added Ripple to its trading platform is happy to proclaim that in its view, XRP is a “Centralized Virtual Currency“, not strictly a cryptocurrency. The Finnish-based Coinmotion exchange’s definition for users could find that many enthusiastic customers may not be happy to read it: “What one needs to know about XRP is that it is …


Israeli Civil Rights NGO Wants Coinbase to Close Hamas Account

An Israeli civil rights NGO has threated to take Coinbase to court over a Hamas cryptocurrency account. The official Telegram channel of Abu Obeida, a spokesman for Hamas’ Izz ad-Din al-Qassam Brigades, made the appeal for Bitcoin asking all the “supporters of our righteous cause to support the resistance financially using Bitcoin”. Shurat Hadin-Israel Law Center is suggesting that Hamas …


Bitcoin ETF a “Virtual Certainty”, Says Financial Expert

Bitcoin ETF a “Virtual Certainty”, Says Financial Expert (1)

Talks about a Bitcoin exchange-traded fund (ETF) have been in the works a while now, and some experts in mainstream finance still believe it’s only a matter of time before one is granted. Ric Edelman, co-founder of Edelman Financial Services, insisted in an interview with CNBC that a Bitcoin ETF was “virtually certain”. The derivative market for Bitcoin and altcoins are …


Blockchain Could Be Set for $462 Billion Finance Industry Stake by 2030

Blockchain Could Be Set for $462 Billion Finance Industry Stake by 2030

London-based global information provider IHS Markit have estimated that the finance industry blockchain market is set to reach USD 462 billion by 2030. The value of blockchain in the financial sector reached USD 1.9 billion in 2017, according to IHS Markit’s figures but this total is set to swell significantly given the expected launch of numerous projects over the next …


Fake Photo Scams Largely Ineffective but Illustrate Need for Cold Storage

Fake Photo Scams Largely Ineffective but Illustrate Need for Cold Storage

With reported instances of the latest ploy for hackers to access user funds, photo scamming is further proof that cryptocurrency cold storage is by far the safest way to keep digital assets secure. Doctored images are now for sale on dark web forums according to research by Hold Security and warnings from Bank Info Security, and can be purchased for …


UnionBank in Philippines Launches Crypto ATMs

UnionBank in Philippines Launches Crypto ATMs

Crypto adoption in the Philippines continues to take form with the Union Bank of the Philippines (UnionBank) launching a two-way cryptocurrency ATM under its sandbox program. In a statement to local media outlet The Philippine Star, the bank said: “The bank’s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the …


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