Trader Gets Six-Figure Loan to Buy Crypto, Holdings Drop by 85%

Trader Gets Six-Figure Loan to Buy Crypto, Holdings Drop by 85%An Abu Dhabi-based cryptocurrency investor has shared his story of having taken out a six-figure loan to finance virtual currency investments only to watch his portfolio lose 85 percent of its value. The investor has shared his story in the hope that it can serve as a lesson to others. Also Read:High-Profile Thai Crypto Case: […]

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ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAs

ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAsIn recent news pertaining to initial coin offerings (ICO) regulations, an EU report has advocated the regulation of ICOs according to crowdfunding legislation, the governor of Korea’s Jeju Island wants his jurisdiction to become a special economic zone regarding cryptocurrencies and blockchain, and the U.S. SEC has warned consumers regarding the risks of self-directed Individual […]

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Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEX

Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEXIn recent news pertaining to cryptocurrencies, a Chinese court has rejected an appeal from a trader disputing a previous decision that mandated he repay the value of 5 BTC accidentally credited to his Coinnice account, the CEO of Binance has demonstrated the company’s upcoming decentralized exchange (DEX), and Okex’s head of operations has discussed the […]

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Regulations Round-Up: Central Bank-Issued Digital Currencies, Regulatory Clarity

Regulations Round-Up: Central Bank-Issued Digital Currencies, Regulatory ClarityIn recent regulatory news, Spain’s Central bank has issued a report favoring the development of a central bank-issued digital currency (CBDC), the president of Taiwan’s central bank has advocated caution regarding CBDCs, the Blockchain Research Institute has published a summary of recent roundtable discussions calling for great regulatory clarity, and a Russian court has a […]

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Ecobank Report Finds Significant Presence of Crypto in 36 African Countries

Ecobank Report Finds Significant Presence of Crypto in 36 African CountriesA report published by the pan-African bank, Ecobank Transnational Inc., has found that despite cryptocurrencies exerting a notable presence in each of the 36 African countries in which the company operates, only South Africa and Swaziland have adopted a “generally favorable and permissive [regulatory] stance” pertaining to cryptocurrencies. Also Read: The ICO Market Has Hit the […]

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Canaan Unveils 7nm Chip Equipped Miner at Press Conference

Canaan Unveils 7nm Chip Equipped Miner at Press ConferenceAt a recent press conference, the world’s second largest manufacturer of bitcoin mining rigs, Canaan Creative, revealed four new products. In addition to the recently reported bitcoin mining television set, the company will launch a 7nm chip-equipped 30T Avalonminer A9, a Litecoin Avalonminer, and a household heater miner. Also Read: Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies […]

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Exchanges Round-Up: Goldman Considers Crypto Custody, SA Exchange Launches USDT

Exchanges Round-Up: Goldman Considers Crypto Custody, SA Exchange Launches USDTIn recent news pertaining to cryptocurrency exchanges, it has been reported that Goldman Sachs is considering exploring custody and other services pertaining to cryptocurrencies; a South African exchange has introduced Tether pairings in the hopes of driving down the local premium on crypto prices through offering arbitrage opportunities to foreign traders; and Blockex has announced […]

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Bob Goodlatte Becomes First Member of Congress to Disclose Crypto Holdings

Bob Goodlatte Becomes First Member of Congress to Disclose Crypto HoldingsBob Goodlatte, the chair of the House Committee on the Judiciary, has reported his private cryptocurrency holdings – making Mr. Goodlatte likely the first member of the United States Congress to disclose private investments in the form of virtual currencies. Also Read: Bank of Thailand Green-Lights Financial Companies for Crypto Activities Member of U.S. Congress Holds […]

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“People’s Money” Crypto to Outlast Fiat “Scam” – Rich Dad, Poor Dad Author

"People's Money" Crypto to 'Take Out' Fiat "Scam" - Rich Dad, Poor Dad AuthorThe author of the best-selling book ‘Rich Dad, Poor Dad’, Robert Kiyosaki, has spoken in favor of virtual currencies during a recent podcast. Mr. Kiyosaki described the United States Dollar (USD) as comprising a “scam” and predicted that precious metals and cryptocurrencies will outlast fiat currencies. Also Read: Many Swiss Bankers and Financial Regulators Quit to […]

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Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTC

Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTCIn recent news pertaining to virtual currency exchanges, Coinjar has launched Australia’s first cryptocurrency index fund; Square’s latest quarterly report has revealed that company is executing its crypto trades via the over-the-counter (OTC) markets rather than “public cryptocurrency exchanges;” and Poloniex has launched EOS pairings. Also Read: SEC Has No Jurisdiction to Look at Bitcoin for […]

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