• Despite the RBI ban, there are reports of more cryptocurrency exchange platforms springing up in India. The country’s apex bank issued a directive in April prohibiting banks from facilitating crypto transactions. New Local Exchange Platforms Beginning in July, India’s banks must comply with the RBI crypto ban. However, just two days after the proclamation, CoinDCX announced that it was beginning operations in the country. The platform will even provide trade tracking services for Indians in rupees.

    More Crypto Exchanges Set up Shop in India Despite RBI Ban

    | 2018/05/19 6:00 am
  • UK-based trading platform eToro has announced it will launch an international cryptocurrency exchange and mobile wallet, debuting in the US for the first time. $100M Series E Funds Put To Work As part of a keynote speech at the Consensus 2018 conference in New York which finished May 16, eToro CEO Yoni Assia confirmed the move, which will provide US traders with ten cryptocurrency pairs. “U.S. crypto holders have a strong appetite for diversified portfolios,”

    eToro’s 9M Users Set To Increase with US Exchange & Wallet Launch

    | 2018/05/18 8:00 pm
  • The price of BNB has rapidly increased following the announcement from Binance that the popular exchange will be doubling its referral commission rewards under certain conditions. Tell Your Friends The Malta-based exchange has announced that it will be doubling its referral commission rewards to 40 percent for qualified accounts. Accounts eligible to receive the increased commission rewards are those which hold 500 Binance Coins — approximately $7355 at the time of this writing. Writes the Binance Team

    Binance Doubles Referral Rewards: Binance Coin Pumps

    | 2018/05/18 9:00 am
  • After announcing its plans to start offering TrueUSD (TUSD) trading on Friday, May 18th, at 4:00 am (UTC), Binance has postponed the launch of the USD-pegged stablecoin.  Delayed on the Launchpad Binance will no longer be launching TrueUSD (TUSD) trading on Friday, May 18th, at 4:00 am (UTC), as was originally planned. Instead, the hugely popular cryptocurrency exchange will start offering TUSD trading on May 22nd, at 4:00 am (UTC). The change apparently comes after an evaluation

    Binance Delays TrueUSD Launch Due to ‘Popular Demand’ and Liquidity Concerns

    | 2018/05/17 6:00 pm
  • Cryptocurrency users are reacting after exchange Bitfinex has told traders they must confirm their tax status in order to use its services. Bitfinex: We Need Tax Info By May 24 In a message to account holders, Bitfinex, which is registered in the British Virgin Islands (BVI), said it was “required” to gain evidence of tax status, which users must provide themselves by May 24. “Pursuant to BVI law, we are required to obtain self-certifications from

    Users Call Revolt As Bitfinex Demands Tax Information

    | 2018/05/17 4:00 pm
  • Binance is set to open trading for select TrueUSD (TUSD) trading pairs on Friday, May 18th, at 4:00 am (UTC). The USD-pegged stablecoin will only be tradable against Bitcoin (BTC), Ethereum (ETH), and the exchange’s own Binance Coin (BNB). Like Tether, Only Regulatory Compliant TUSD is a stablecoin designed to match the US dollar at a one-to-one ratio, meaning one TUSD roughly equates to one USD, in terms of valuation. Unlike Tether (USDT), a sometimes

    Binance Set to List TrueUSD Stablecoin, A Regulatory-Compliant Alternative to Tether

    | 2018/05/16 11:00 pm
  • Bitcoin is set to find new legitimacy in the European Union as member states agreed to force cryptocurrency exchanges within its jurisdiction to collect identification data on their users in an effort to prevent money laundering.  Legitimizing Bitcoin and Cryptocurrency in the EU Both cryptocurrency exchanges and online wallets operating in the European Union’s jurisdiction are now required to carry out the exact same know-your-customer (KYC) checks as traditional banks. The regulatory move comes as the

    Bitcoin Legitimized in EU Following New KYC Regulations

    | 2018/05/16 7:00 pm
  • Arthur Hayes, the CEO of BitMEX, predicts that bitcoin will reach the $50,000 mark by the end of this year. Appearing on CNBC’s Fast Money, the former Citigroup and Deutsche Bank executive also spoke on volatility and the dominance of Asian retail traders in the crypto market. Bitcoin at $50,000 When asked to give a bitcoin price prediction, Hayes said it could reach $50,000 before the end of 2018. Bitcoin and the cryptocurrency market has

    Bitcoin Price Will See $50,000 By End of 2018, Says BitMEX CEO

    | 2018/05/15 10:30 am
  • DX.Exchange, a NASDAQ-powered cryptocurrency exchange platform is set to launch in June 2018. DX becomes the latest in a slew of crypto exchange services as the digital currency market continues to mature. The platform hopes to offer a robust ecosystem for OTC derivatives and crypto tokens. DX.Exchange Will Utilize NASDAQ’s Matching Engine DX is partnering with NASDAQ to use the latter’s matching engine to deliver a seamless P2P crypto exchange platform. According to Daniel Skowronski,

    NASDAQ-Powered Cryptocurrency Exchange Platform to Launch in June

    | 2018/05/15 5:00 am
  • South Korean authorities continue to send mixed signals as the Financial Services Commission broadens the scope of its probe into domestic cryptocurrency exchanges with Bithumb being the “primary target.” Auditing Exchanges As reported by The Korea Times, South Korea’s Financial Services Commission (FSC) is broadening the scope of its probe into domestic cryptocurrency exchange operators while requesting worldwide coordination in regards to cryptocurrency and digital asset regulation. Stated an official on Sunday: Following a request

    Bithumb a ‘Primary Target’ in South Korea’s Crypto Exchanges Probe

    | 2018/05/14 5:00 pm
  • The fourth annual Consensus conference, Bitcoin’s biggest event of the year, begins today, May 14, 2018. Will bitcoin price surge once again during the event as it has in previous three years? RELATIONSHIP BETWEEN BITCOIN PRICE AND CONSENSUS A look at the previous three Consensus Conferences shows significant crypto price movements during and immediately after. This trend has been maintained in all three conferences so far. Thus, it stands to reason that the pattern could continue

    Bitcoin Price Historically Surges With Consensus Conference, Data Shows

    | 2018/05/14 9:00 am
  • Law enforcement officials in Greece have reportedly prevented an assassination attempt on Alexander Vinnik. The Russian National, Vinnik was arrested while holidaying in Greece in 2017 on charges of crypto fraud and money laundering. Both the United States and Russia have laid claims against the suspected hacker. Details of the Assassination Attempt According to media reports, law enforcement agencies in the country received credible intelligence of a plot to eliminate Vinnik via poisoning. In response,

    Assassination Attempt Foiled: Greek Law Enforcement Thwart Plot to Kill Suspected Cryptocurrency Criminal, Alexander Vinnik

    | 2018/05/13 3:00 pm
  • The Indian Supreme Court has struck out an interim injunction against the crypto ban of the Reserve Bank of India (RBI). The RBI banned banks and other financial institutions from facilitating cryptocurrency trades in the country. In response, a coalition of petitioners, comprised of four crypto exchange platforms and other startups, have gone to court, challenging the RBI’s directive. Legal Battle Is Far from Over The decision by the Supreme Court is the not the

    Supreme Court of India Strikes Out Injunction Against RBI Crypto Ban

    | 2018/05/13 5:00 am
  • The financial services regulator for the southern African country of Zimbabwe – the Reserve Bank of Zimbabwe (RBZ) – has banned all financial services institutions in the country from all forms of cryptocurrency trading. The directive was shared in a circular on virtual currencies distributed to all institutions on Friday. Cryptocurrency Trading Banned Through Banking Services According to a news report, the circular which was signed by the RBZ registrar of banking institutions Norman Mataruka, the

    Reserve Bank of Zimbabwe Bans Cryptocurrency Trading, Financial Institutions Given 60 Days to Comply

    | 2018/05/12 8:00 pm
  • Robinhood continues to garner investment funds and user interest, thanks to its commission-free model, the addition of cryptocurrencies, and its ability to attract millennials away from traditional trading platforms. ‘Quite Remarkable’ The free trading app Robinhood is now valued at $5.6 billion, following the company’s announcement that it has successfully closed its Series D round of funding with $363 million. Some of the new investors forking over the bulk of those funds included Sequoia, Google’s Capital G

    Crypto-Friendly App Robinhood Now Has More Users Than E*Trade

    | 2018/05/12 7:00 am
  • Reports have emerged that the Mt. Gox bankruptcy trustee, Nobuaki Kobayashi is gearing up for another round of bitcoin selling. According to Blockchain.info, 8,200 BTC was moved from the fund’s cold wallet. In response, the price of bitcoin has dropped below $9,000 over fears the coins may be sold on the online exchange market and not on OTC platforms. Bitcoin Falls Below $9,000 in the Wake of Latest Mt. Gox Selloff Bitcoin has been on

    Tokyo Bitcoin Whale Strikes Again: Mt. Gox Bankruptcy Trustee to Blame for Latest Bitcoin Price Drop

    | 2018/05/11 12:00 pm
  • Interested in trading bitcoin, but you’ve never done it before? Worried that the process is too complicated? Well, fear not — trading bitcoin couldn’t be any easier. Here’s a step-by-step guide on how to make your first bitcoin trade using SimpleFX. Getting Registered First and foremost, you will need an account to start trading on SimpleFX — and creating one is a simple process. Simply head on over to SimpleFX.com and click the green “CREATE

    How to Trade Bitcoin with SimpleFX

    | 2018/05/10 11:00 pm
  • Paxful, the P2P finance platform, is powering the Blockchain & Cryptocurrency Conference 2018 in Lagos, Nigeria, to help spur local startups in the crypto ecosystem. Cryptocurrency and its underlying blockchain technology have made a major impact on the lives of people from all over the world. While those in Europe, Asia, and North America have enjoyed the benefits of decentralized cryptocurrencies, such as Bitcoin, it is places like Africa where the effects can be truly

    P2P Marketplace Paxful Powering the Blockchain & Cryptocurrency Conference 2018 in Lagos, Nigeria

    | 2018/05/09 7:00 am
  • Yoon Suk-heun, the newly appointed governor of the Financial Supervisory Service (FSS) of South Korea, has declared that there will be a review of the current crypto regulations in the country. The FSS chief announced this while speaking to reporters after his confirmation. Striking a Balance Between Regulations and Growth According to Yoon, the crypto market requires an adequate regulatory framework to grow. During his post-confirmation address, he reiterated the need for clear laws that

    South Korea: FSS Governor Talks Easing of Cryptocurrency Regulations

    | 2018/05/07 8:30 am
  • Major crypto brokers in Europe have joined the call for the establishment of clearly defined cryptocurrency regulations. These exchange platforms want the market to be legitimized, eliminating the idea that they are fronts for money laundering operations. Since 2017, countries around the world have begun to take more definitive steps in monitoring and controlling the multi-billion-dollar industry. Attracting Institutional Investors According to leading crypto brokers in Europe, such as eToro and Bitpanda, regulations will help to

    Crypto Brokers Clamor for More Robust Regulations to Legitimize the Market

    | 2018/05/07 4:30 am
  • The Financial Services Agency (FSA) of Japan is set to introduce stricter guidelines for cryptocurrency exchange platforms in the country. According to local media sources, the FSA is taking this course of action to prevent another high profile crypto hack. Creating a New Paradigm for Crypto Exchange Platform Regulations Japanese cryptocurrency exchange platform Coincheck was hacked in January 2018, resulting in the theft of more than $500 million worth of crypto. In the aftermath of

    Japan Introduces Five-Point Agenda for Cryptocurrency Exchange Regulations

    | 2018/05/06 3:00 pm
  • Huobi, the premier Asian-based exchange, has just announced plans for a blockchain industry fund, research institute, and an incubator.  Blockchain “accelerator” projects, or incubators as they are more well known, seem to be all the rage lately, with key players in the industry getting involved with their own projects. Just last month, Coinbase announced the creation of an early-stage venture fund which would help to promote and aid promising projects which Coinbase thinks would help

    Huobi Labs: An Upcoming $1 Billion Blockchain Incubator

    | 2018/05/06 8:00 am
  • Coinmarketcap (CMC) has released its first-ever mobile app. The cryptocurrency price and market capitalization website announced the release of the app on April 30. The launch of the app is part of CMC’s five-year anniversary celebration. The Coinmarketcap App for iPhones The new CMC mobile app is compatible with the iOS smartphone platform. It enables users to view crypto price, market cap and 24-hour price changes on the go. App users can select from a

    Coinmarketcap Launches iOS Mobile App

    | 2018/05/02 7:00 pm