Luno Exchange Bank Account Frozen by Malaysian Tax Officials

Over the past few weeks, regulators and financial institutions have been reacting to the worldwide popularity of bitcoin and other cryptocurrencies. In another regulatory-related matter, this week in Kuala Lumpur, Malaysia, the trading platform Luno had its bank account frozen by the country’s tax officials. Also read: Federal Reserve Chair: “Fed Doesn’t Really Play Any … Read more

Moscow Exchange Ready for “Fast and Easy” Crypto Derivatives Trading

With authorities in Moscow still trying to find their bearings on Bitcoin, the largest Russian exchange has announced its readiness to organize trading of cryptocurrency-based financial instruments. It would be faster and easier, MOEX said in comments to local media. Russia’s Central Bank, however, has rejected calls from the Finance Ministry to allow buying and … Read more

Moscow Exchange Ready for “Fast and Easy” Crypto Trading

With authorities in Moscow still trying to find their bearings on Bitcoin, the largest Russian exchange has announced its readiness to organize cryptocurrency trading. It would be faster and easier, MOEX said in comments to local media. Russia’s Central Bank, however, has rejected calls from the Finance Ministry to allow buying and selling crypto derivatives … Read more

The Mystery of the ”Lost” Bulgarian Bitcoins Sparks Questions Again

Missing, stolen, lost or buried…these are all adjectives attracting attention when attached to the noun “cash”, physical or digital. Comments and shares on social media have revived curiosity and sparked questions about one particular monetary mystery – what happened with the 200,000 bitcoins Bulgaria seized from gangsters? As with any urban legend, a mix of facts, claims … Read more

Vietnam Expedites Cryptocurrency Legal Framework – Ready End of January

The government of Vietnam has taken steps to accelerate the adoption of cryptocurrency regulation that will affect Bitcoin. The executive power in Hanoi has insisted that the framework should be ready by the end of January. Amendments to the tax code are expected to help tap into proceeds from “virtual property and digital money”. Also … Read more

French Entrepreneur’s Case to Overturn the Bitlicense Dismissed

This week the longstanding New York Supreme Court case involving the state’s Bitlicense was dismissed. The lone bitcoin entrepreneur, Theo Chino, who has been fighting in court for years, relentlessly trying to get the regulatory framework created by Ben Lawsky overturned, says he will appeal the decision. Also read: African Central Banks Should Ditch Dollar, … Read more

Korean Lawyers Take Government to Court over Crypto Regulation

A law firm from Seoul has decided to address arbitrary measures taken by authorities to regulate cryptocurrency trade. Korean lawyers have filed an appeal accusing their government of “unconstitutional” infringement on property rights. Newly imposed rules are devaluing virtual currencies, they say. Also read: Koreans Deposited 64 Times More Fiat Into Crypto Exchanges in 2017 … Read more

PR: LetBet Announces ICO to Revolutionize Online Gambling

LetBet will issue its cryptocurrency named LBT to enable a decentralized, trustless, and fast online gambling protocol powered by blockchain. Belize: Blockchain-based online gambling platform LetBet is releasing its own digital currency named LBT to disrupt the status quo of traditional online gambling systems – delays, unfair payout systems and the innate trust on a … Read more

2017: The Year of Altcoins, Forks, and Five Digit Bitcoin Prices

On December 30th, 2016 the price of bitcoin (BTC) was $960 USD, and since then the price had risen 1,941 percent 350 days later to an all-time high of $19,600 across global exchanges. Now the price rests at roughly $13-14K but a lot more has changed this year besides the significant price rises of bitcoin … Read more