The Chinese authorities may be moving toward a broad clampdown on Bitcoin, including peer-to-peer (P2P) exchanges and over-the-counter (OTC) trading platforms. Using the Great Firewall to block IP addresses, access to foreign bitcoin exchanges could be blocked and the Bitcoin transaction network could be disrupted within the country. Bitcoin miners are also worried that their
Wall Street Journal reports that all Bitcoin trading will be banned in China. It’s been a tumultuous couple of weeks in the Bitcoin community, as negative news spread throughout, driving prices lower. News of a China Exchange Ban, as well as negative rhetoric from the CEO of the world’s largest bank (JP Morgan Chase), knocked the
A professor at China’s Renmin University has offered his interpretation of why the regulators are shutting down Chinese bitcoin exchanges. He outlined seven key reasons. Also read: China’s Regulatory Crackdown Forces More Bitcoin Exchange Closures Professor Yang Dong is Deputy Dean of Renmin University’s Law School and Director of Renmin’s Centre for Fintech and Internet Security.
What explains the surge in the trading volume of the Japanese Bitcoin exchange market Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Analysts including BitFury Vice Chairman George Kikvadze attributed the surge in the trading volume of the Japanese Bitcoin exchange market
Digital Currency Exchanges Illegal Under Law, Says Bank of Namibia Namibia’s central bank, Bank of Namibia, has claimed that virtual currency exchanges have no place in the African country, under its decades-old law. The central bank also announced that merchants in the country may not accept cryptocurrencies, like Bitcoin, as payment for goods and services.
Unverified notice surfaced, detailing how China is going to block its Bitcoin exchanges. An unverified notice surfaced on the Internet about China moving to block access to all major cryptocurrency exchanges. Commenting on the move, Simon Dixon, investment Banker and author of 'Bank to the Future', wrote: “ They tried to copy it, fork it,
According to a new report from security research firm FireEye, North Korean hackers are targeting Bitcoin and Ethereum users in South Korea. According to a new report from security research firm FireEye, North Korean hackers are targeting Bitcoin and Ethereum users in South Korea. North Korea hacking South Korea for ETH… never thought I'd see
An investigation led by Australian Transaction Reports and Analysis Centre (AUSTRAC) to one of Australia’s major banks, Commonwealth Bank of Australia (CBA), has revealed the deficiencies of the country’s banks in terms of compliance with the know-your-customer (KYC) and anti-money laundering (AML) requirements of the law. An investigation led by Australian Transaction Reports and Analysis
Major Japanese customer-to-customer ticket exchange marketplace, Ticket Camp, has announced that it is already accepting the digital currency Bitcoin as a form of payment. Major Japanese customer-to-customer ticket exchange marketplace, Ticket Camp, has announced that it is already accepting the digital currency Bitcoin as a form of payment. The move is a major boost to
Legendary Bitcoin trader who called 2013 bubble and subsequent bear market believes that a wild ride is coming, as Bitcoin prices will soon reach five figures. Ask any oldtimer, and you’ll find that masterluc is something of a legend in the Bitcoin community. His main claim to fame is that he called the top of
Effective immediatly, Bitfinex will no longer verify U.S. customers or allow U.S. customers to trade ERC20 tokens. The exchange will be discontinuing all services to U.S. customers over the next 90 days. Bitfinex just announced that it is immediatly curtailing the services provided to U.S. customers and within 90 days will no longer serve the
Bitcoin Cash network is unstable and slow, price could crash once exchanges enable deposits Two days after the chain split that resulted in the launch of Bitcoin Cash, the fledgling coin is quite an unusual position. The Bitcoin Cash network is almost non-functional due to extremely slow block times, inherited as a result of Bitcoin’s
Back in April, Washington politicians finished piecing together and finalizing the regulations for bitcoin exchanges. Those guidelines and rules are now active. Lawmakers pushed Senate Bill 5031 through the House and Senate, and it was signed into existence by governor Jay Inslee. Also read: Fork Watch: Take Extra Precaution When Trying to Access Post-Fork Tokens Bill Requirements
It has become likely that Bitcoin Cash will be created by a group of miners led by ViaBTC on August 1. However, investors should not fear the creation of Bitcoin Cash. It has become likely that Bitcoin Cash will be created by a group of miners led by ViaBTC on August 1. However, investors should
The central bank of Albania issued a public announcement on Thursday, warning citizens of the risks related to the use of digital currencies such as bitcoin. It includes five of what the bank considers the “most important” risks associated with digital currencies for Albania. Also read: India’s Supreme Court Seeks Answers as Bitcoin Legalization Focus Turns