Cryptocurrency News


dailycryptos-022118.jpg South Korea's relaxed stance on cryptocurrencies boosted the sentiment in the market and pushed prices higher. In Japan, there was another mishap at a cryptocurrency exchange that was under the scanner after the Coincheck hack. Venezuela kick-started the sale of its cryptocurrency. And Elon Musk's Tesla fell victim to a "cryptojacking" attack.

Zaif-crypto-Yen-022108.jpg A Japanese cryptocurrency exchange, which is being probed by regulators over security concerns, said it allowed trades for zero yen or free, due to a glitch in its price calculating system. Zaif, a cryptocurrency exchange run by the Osaka-based Tech Bureau Corp, is among the 16 registered exchanges with the Financial Services Authority.

southkorea-cryptos-022118.jpg South Korea apparently relaxed its stance on cryptocurrencies as the country's financial services watchdog said the government will support "normal transactions" in such currencies. The comment by Choe Heung-sik, governor of the Financial Supervisory Service, boosted the sentiment in the market, sending prices of cryptocurrencies such as Bitcoin higher.

NBP-Anti-Crypto-SocialMedia-022018.jpg The Polish central bank has been accused of secretly funding and running a "low down and dirty" smear campaign against the cryptocurrency market, according to a Business Insider Poland report. All this after Poland is said to have officially recognized both trading and mining of cryptocurrencies in February 2017.

southkorea-tradingrise-022018.jpg The commission-related sales of South Korean cryptocurrency exchanges have increased by about 88 times last year compared to the previous year, a report said. South Korea's Yonhap news agency published government data collected by Rep. Park Kwang-on. Total commission-related sales of around 30 cryptocurrency exchange operators in the country are estimated to have reached 700 billion won last year.

HelloGold-Amaniecertification-022018.jpg Malaysian fintech firm HelloGold Foundation announced Islamic certification for its gold-backed cryptocurrency GOLDX, which was launched on February 1. The company also plans to launch its online gold platform in Thailand later this year. GOLDX is Ethereum ERC20 token backed by 99.99% investment-grade gold independently vaulted in Singapore.

Crypto-SPGRatings-022018.jpg A possible collapse in the cryptocurrency market would hit the retail investors the most compared to institutional investors, according to a report published by the financial ratings agency Standard & Poor's. The report also says that a huge drop in digital currency value would not disrupt financial markets as of now. The agency also stressed the need for regulation in the crypto market.

Petro-Venezuela-022018.jpg Venezuela has officially launched the pre-sale of its new cryptocurrency Petro, which President Nicolas Maduro hopes would help ease the country's economic crisis, and circumvent U.S.-led sanctions. "Petro is born and we are going to have a total success for the welfare of Venezuela," State-sponsored Telesur television network quoted Maduro as saying Tuesday. Maduro said it will be a busy day.

crypto-dailyroundup-022018.jpg Bitcoin has staged a strong rebound from the $6,000 low it reached early this month and the sentiment in the cryptocurrency market remains bullish. More on regulation front, Switzerland, which hosts a "crypto-valley", has released new guidelines for initial coin offerings, while the UK central bank chief said Bitcoin failed as a currency.

bitcoin-priceup-022018.jpg The Bitcoin price has stabilized above $11,000 since Monday and is testing key support levels, boosting the sentiment in markets. As of 3.47 am ET on Tuesday, Bitcoin was up 6.02 percent at $11,365.01 on Coinbase. The top cryptocurrency steadily climbed after finding support around $11,400 level late Monday.

MarkCarney-Bitcoin-022018.jpg Bank of England Governor Mark Carney said bitcoin has pretty much failed as currency as its value is unstable and it cannot be a useful way to buy things. "It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange," he told students at Regent's University in London.

SEC-tradingsuspension-021918.jpg The Securities and Exchange Commission temporarily suspended trading in three companies after they made similar statements related to questionable acquisition of cryptocurrency and blockchain technology-related assets. The affected companies are Cherubim Interests, Inc. (CHIT), PDX Partners, Inc. (PDXP), and Victura Construction Group, Inc. (VICT).

FINMA-ICO-Guidelines-021918.jpg The Swiss financial market watchdog has released guidelines to regulate the launch of Initial Coin Offerings, or ICOs, which are the initial sale of cryptocurrency tokens or coins. The Swiss Financial Market Supervisory Authority, or FINMA, said the guidelines also define the information required to deal with such enquiries and the principles upon which it will base its responses.

Daily-Crypto-021918.jpg One of the leading figures from the cryptocurrency space has come out with a strong warning that prices could drop to near-zero at anytime, while credit card companies and payment processors are grappling with the problem of taxing cryptocurrency transactions. And a US watchdog has announced a bounty...

Boost-Bitcoin-021918.jpg Boost Juice, an Australian Juice chain, on Monday announced a promotional offer, in which four lucky domestic customers will win four bitcoins, the biggest cryptocurrency. In the 'Bitcoin boom or bust' offer, the company will give away one bitcoin a week, for four weeks, for those who guess its price correctly.

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