Cryptocurrency News


crypto-weekly-051818.jpg Bitcoin and its peers relatively had a lackluster week. After starting in red, they witnessed some recovery by Wednesday, that soon lost steam and cryptocurrencies were in the red Friday morning. Sentiment was damped by the lack of major news from the blockchain week that concluded mid-week in New York. The much awaited rally in cryptocurrencies following the event never happened.

colorado-crypto2-051818.jpg The western U.S. State of Colorado has proposed rules to allow political candidates to accept donations for campaigns in bitcoin and other cryptocurrencies. A working draft of proposed rules concerning the "Campaign and Political Finance" was put up for feedback until May 23 by the Office of the Colorado Secretary of State.

line-dump-051818.jpg Pump-and-dump is the fraudulent way of artificially inflating the price of cryptocurrency through different ways including shilling and selling the cryptocurrency when the price hits a high.

cryptocurrency-dailyroundup-051818.jpg Cryptocurrencies were trending lower Friday morning, after some modest recovery a day earlier. The weakness persisted despite some positive vibes from China, where the government released its first blockchain ranking index. Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

nasdaq-may18.jpg DX.Exchange, the first ever cryptocurrency exchange powered by Nasdaq, is set to launch in June. The Tallin, Estonia-based exchange operates on Nasdaq's market matching technology, which is used by over 70 marketplaces across the world. The exchange is regulated under by the Estonia Financial Supervision Authority, or EFSA.

rbi-suprem-court-0518180.jpg Indian Supreme Court has refused to stay the central bank's ban on the country's commercial banks from providing services to investors in digital currencies. In a writ petition challenging the ban, a group of lawyers pleaded with the apex court to allow banks to continue serving cryptocurrency clients as they had prior to the RBI ban. A three-judge bench headed by Supreme Court Chief Justice Deepa

jackdorseytwitterceo-may18.jpg Jack Dorsey, chief executive officer of both Twitter and Square, said the internet is set to have a native currency and the crypto community must help it happen. "I don't know if it will be Bitcoin, but I hope it will be," Dorsey said on stage at the Consensus 2018 blockchain conference that concluded on May 16 in New York.

canaan-ipo-051818.jpg China-based Canaan Creative, the world's second-largest Bitcoin mining hardware maker, has filed an application for an initial public offering in the Hong Kong stock exchange. The filing did not disclose the amount proposed to be raised but it reportedly aims for around $1 billion. The IPO, if successful, would be the first from a blockchain-related company in the Hong Kong market.

thailand-cryptoregulations-051718.jpg Thailand government has decided to waive the 7 percent value-added tax (VAT) for people trading in cryptocurrencies on exchange markets approved by the Securities and Exchange Commission (SEC). Saroch Thongpracum, the Revenue Department's director of legal affairs, announced this a day after a new law governing cryptocurrency transactions and initial coin offerings (ICOs) in Thailand came into fo

cryptolexicon-ico-051718.jpg ICO is short for initial coin offering. This is a public offering of a cryptocurrency or token to early investors, who can buy them with leading cryptos such as Bitcoin and Ethereum. An ICO is similar to the initial public offering of stocks, the only difference being that it is unregulated.

cryptocurrency-roundup-051418.jpg Cryptocurrencies were in the green Thursday morning, after a lackluster show a day earlier. Sentiment recovered following the news of more mainstream acceptance for cryptocurrency and the liberal stance that regulators signaled during the Consensus 2018 meet that concluded in New York on Wednesday.

centra-tech-ico-061618.jpg A Federal court in Manhattan has indicted the founders of a cryptocurrency-related start up company for defrauding investors in the name of unregistered securities. Florida residents Sohrab Sharma, 27, Raymond Trapani, 27, and Robert Farkas, 31, were arrested last month based on criminal complaints filed by the U.S. Attorney's Office in Southern District of New York. They were charged with comm

cryptocurrency-dailyroundup-051618.jpg Cryptocurrencies were trending lower Wednesday morning, extending a trend witnessed since late Tuesday. Market sentiment was likely dampened by regulatory moves in Asia. Meanwhile, a Goldman Sachs-backed crypto finance startup raised funding from a mining giant to develop a stablecoin. Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

etoro-us-051618.jpg Israeli social trading platform eToro is officially launching cryptocurrency offerings in the U.S. later in 2018. It will be rolling out a crypto wallet starting with selected users this weekend and will be launching a crypto exchange later this year.

stable-coin2-051618.jpg Stablecoins are cryptocurrencies whose values are pegged to some asset such as a US dollar or gold. Price stability and decentralized nature are the two main features of stablecoins.

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