Cryptocurrency News


rttnewspaper-june22.jpg Bitcoin and its peers had a sluggish start to the week after sentiment was hurt by a bleak view on cryptocurrencies by the Basel-based central bank of central banks, but they recovered mid-week despite more negative news in the form of a hack of a major crypto exchange in South Korea. However, cryptocurrencies are likely set for a weak closing to the week as they were deep in the red Friday.

worlds-millionaires-062218.jpg The collective wealth of the world's millionaires went up to a record $70 trillion. And their interest in cryptocurrencies is growing, a survey released earlier this week found. The World Wealth Report 2018 (WWR), released by global consulting firm Capgemini, says the improving global economy spurred high net worth individual(HNWI) wealth to surpass the $70 trillion threshold for the first time.

cryptocrimesecond-june22.jpg An international conference in The Hague this week brought together the European Union law enforcement agency and stakeholders of cryptocurrency trade in Europe to assess ways to crack down on the use of digital assets for money laundering, as concern mounts over the criminal exploitation of the nascent technology. Claimed to be the largest ever European event on digital currencies and cyber crime

japancrypto-june22.jpg Japan's Financial Services Agency said on Friday that six registered cryptocurrency exchanges, including the leading ones, bitFlyer and Quoine, were asked to improve their screening measures, especially those concerning money laundering. The news caused a major slide in cryptocurrencies, including the top ones such as Bitcoin, Ethereum and Bitcoin Cash.

crypto-june22.jpg Cryptocurrencies sunk deeper into red Friday morning, after it emerged that the Japanese financial market watchdog orders six cryptocurrency exchanges, including some of the biggest, to improve their internal controls. Overall cryptocurrency market cap shrunk to $262.59 billion as of 9.31 am ET on Friday on CoinMarketCap.

icofraud-june22.jpg The U.S. Securities and Exchange Commission (SEC) obtained an additional emergency court order to freeze the assets of PlexCorps owner Dominic Lacroix related to running a fraudulent Initial Coin Offering (ICO) that promised investors more than a 13-fold profit in less than a month. The ICO raised $15 million from thousands of investors between August and November 2017.

ussupremecourt-june22.jpg Bitcoin, the leading cryptocurrency, just got its first mention in a US Supreme Court opinion as a new type of medium of exchange or money. The reference came from the notably conservative source appeared in J. Breyer's dissent in Wisconsin Central Ltd. v. United States case, which is dealing with whether employee stock options count as any form of money remuneration and taxable.

cryptos-june21.jpg Bitcoin and its peers are modestly in the red Thursday morning, following a rebound Wednesday evening from a crash caused by the news of a hack at a leading cryptocurrency exchange in South Korea. Overall cryptocurrency market capitalization was at $287.58 billion as of 9.44 am ET on Thursday on CoinMarketCap.

schiphol-bitcoin-atm-062118.jpg Amsterdam's Schiphol Airport has installed a cryptocurrency ATM that will help travelers exchange the leftover euros for cryptocurrencies such as Bitcoin and Ethereum. The Schiphol Airport claims itself to be the first European airport to install a Bitcoin ATM on a six-month trial to gauge the demand for such a service among passengers.

akon-june21.jpg Grammy-nominated singer Akon announced the launch of a new cryptocurrency, called Akoin, for use in his "Akon Crypto City," which is being developed in his homeland Senegal.

bitcoinpress-june20.jpg A nonprofit organization founded to promote free speech and freedom of the press has announced that it is accepting cryptocurrencies as donations to use for its activities and campaigns. The Freedom of the Press Foundation (FPF) said on its website that press freedom supporters and cryptocurrency enthusiasts can now make donations to the organization using Bitcoin, Bitcoin Cash, Ethereum, Litecoi

cryptos-june20.jpg Cryptocurrencies are deep in red Wednesday morning after market sentiment was hurt by the news that the South Korean crypto exchange Bithumb announced that over $30 million worth of coins were stolen in a hacking incident. Overall cryptocurrency market cap was $286.47 billion at around 9.34 am ET on CoinMarketCap.

dukascopy-june20.jpg Dukascopy Bank has become the second Swiss bank after Hypothekarbank, to welcome crypto brokers, crypto exchanges and crypto-related firms to open corporate accounts with the bank. This move is the second step in Dukascopy Bank's strategy towards becoming a crypto friendly Swiss bank. Earlier, in March, the bank had started offering CFD on Bitcoin.

goldmansachs-june20.jpg Lloyd Blankfein, chief executive officer of the investment banking giant Goldman Sachs, said he is not into cryptocurrencies and was at a loss to explain why they should be successful as an asset class. In an interview at the Economic Club of New York, Blankfein said, "But if it [cryptocurrency] did work, I will be able to explain in hindsight why it did."

bithumb-june20.jpg South Korean cryptocurrency exchange Bithumb lost coins worth around $30 million in hacking, following which it stopped all trading temporarily. While announcing the incident in Twitter posts, the world's sixth largest exchange by volume, urged customers not to make any deposits until further notification as it is changing wallet system.

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