• According to Peter Tchir, there is an ongoing manipulation of bitcoin price. What the macro and fixed income expert isn’t sure of is whether such price manipulations are against the law. The DOJ recently began investigating suspected trading malpractices in the cryptocurrency market. Whales and Miners Influence Bitcoin Prices Writing in an op-ed for Forbes, macroeconomist Pter Tchir states that he’d be surprised if there weren’t any shenanigans going on with the way Bitcoin prices

    Bitcoin Price is Being Manipulated, Says Forbes Macroeconomist

    | 2018/05/29 12:30 pm
  • On the latest episode of “John McAfee Says,” the tech activist and internet security expert declared that there is an ongoing war against cryptocurrencies.  ‘It is, in fact, a war’ He aired this revelation in a video posted on his Twitter on May 27. According to McAfee, powerful forces are trying to derail the progress of the cryptocurrency revolution. McAfee began by unequivocally stating the reality of the ongoing fight: Whether you know it as

    John McAfee Says There is a War on Cryptocurrencies

    | 2018/05/28 6:00 pm
  • A massive anti-money laundering action has been carried out by the cyber department of the State Attorney’s Office. It filed an indictment, alleging that Hilmi Git had managed to commit more than 20,000 fraudulent transactions using Israeli credit cards, laundering the money through the Bitcoin network. 1,071 BTC Seized by Israeli Police Halmi Git, a resident of Hebron, has been accused of multiple offenses of credit card fraud, providing means for committing a crime, carrying

    More than $8.5 Million in Bitcoin Seized by Israeli Police

    | 2018/05/27 2:00 am
  • Crypto traders are calling for more regulatory oversight on a market that has traditionally been sparsely impacted by regulation. According to these stakeholders, “bad actors” need to be eliminated from the industry. By so doing, they believe that cryptocurrencies will become legitimized, thus attracting significant interest from institutional investors. Regulations Will Sanitize the Market Ran Neu-Ner, the CEO of OnChain Capital, believes clearly defined crypto laws will sanitize the market. According to him, such a

    Crypto Traders Clamor for More Market Regulations

    | 2018/05/26 7:00 pm
  • The High Court of Zimbabwe has lifted a ban on cryptocurrencies in the Southern African country. This follows a lawsuit that was filed by a local cryptocurrency exchange which argued that the Reserve Bank of Zimbabwe did not have any authority to declare cryptocurrencies illegal.  Contested Jurisdiction On the 12th of May, Zimbabwe’s financial services regulator, the Reserve Bank of Zimbabwe (RBZ), issued a directive to all financial institutions to stop all forms of transactions

    High Court of Zimbabwe Lifts Cryptocurrency Ban

    | 2018/05/26 11:00 am
  • The South African Reserve Bank (SARB) has announced that disruptive cryptocurrencies cannot be seen as actual currency as they do not conform to the traditional definition of money. Even though digital currencies were first introduced to the world nearly a decade ago, interest and trade have only arguably increased significantly since last year. This has however left authorities struggling to develop regulations fast enough to keep up with the growing demand. One issue that seems

    South African Reserve Bank (SARB): Virtual Currencies Are ‘Cyber-tokens’

    | 2018/05/26 9:00 am
  • Bitcoin might be anathema to the majority of Wall Street banks, however, for small lenders in the U.S., the crypto market is a veritable money maker. Despite the uncertainty and lack of regulation in the industry, Main Street banks are jumping on the Bitcoin bandwagon and raking in huge revenues. Main Street Banks Catching the Bitcoin Bug The big banks on Wall Street have largely shunned the cryptocurrency market with only a few making tentative

    Small Banks in America Making Money with Bitcoin

    | 2018/05/24 1:00 pm
  • There are unconfirmed reports that the U.S. Department of Justice (DOJ) has set up a probe to investigate suspected Bitcoin price manipulation activities. According to Bloomberg, four unnamed sources revealed that federal prosecutors are worried that the market is overrun with misconduct. Fears of Rampant Spoofing and Wash Trading in Bitcoin The two major points of inquiry for the probe are spoofing and wash trading. Spoofing refers to flooding the market with fake orders, tricking

    U.S. Department of Justice Set to Probe Suspected Bitcoin Price Manipulation

    | 2018/05/24 11:00 am
  • India is considering applying a tax to cryptocurrency trading in a move which could mark a step towards its legitimacy in the country. Crypto Could Become ‘Intangible Goods’ According to Bloomberg quoting anonymous sources May 23rd, the government’s Central Board of Indirect Taxes and Customs is working on proposals to treat crypto transactions as an exchange of “intangible goods” – making them eligible for goods and services tax (GST) of 18 percent. According to the

    India Seeks 18% Tax On Cryptocurrency Sales In Potential Legitimacy Push

    | 2018/05/24 5:00 am
  • China has shockingly (not really) issued yet another warning about the so-called perils that come along with investing in the cryptocurrency industry. This time, it’s in the form of a news report run by its state TV channel. The Bubble Chant Continues According to China Banking News, the report, titled ‘Blockchain Cryptocurrency Bubble Accumulates’, is an alleged investigative piece on how dangerous crypto speculation can be. The seemingly in-depth report appears to focus on one

    China Blames Poor Investment Choices on Crypto Industry

    | 2018/05/23 3:00 am
  • A joint force, comprised of regulatory bodies from the U.S. and Canada, has announced that they will be facing cryptocurrency scams head-on and will investigate companies which do not practice the best principles. Coming Together to Form ‘Operation Cryptosweep’ The Texas State Securities Board has just announced that they have joined a joint American and Canadian force to help combat fraudulent cryptocurrency-related operations. The TSB will be one of the force’s 40 organizations, which originate from

    Operation Cryptosweep: Cryptocurrency Scammers Beware

    | 2018/05/22 10:00 am
  • It goes without saying that the Bitcoin price index has been on a rollercoaster ride, especially in Q4 2017 and Q1 2018. Why such extreme volatility? Here are four possible culprits contributing to the wild price swings. At this time last year, Bitcoin was trading at a price slightly higher than $2,000, according to CoinMarketCap. By the end of 2017, it had reached its all-time high (ATH) of around $20,000 and a market cap of

    4 Reasons for Bitcoin’s Price Volatility

    | 2018/05/22 8:00 am
  • Parity, the wallet and blockchain provider, is shutting down its PICOPS platform effective May 24, 2018, due to complications stemming from the new EU GDPR guidelines. The company announced the decision in a blog post on its website on May 18. PICOPS: The Latest Casualty of the New EU GDPR The General Data Protection Law (GDPR) of the EU is causing problems for blockchain and cryptocurrency. Part of the fundamental principle of the blockchain is

    Parity Forced to Shut Down ICO Passport Service (PICOPS) Due to GDPR

    | 2018/05/21 3:00 am
  • CoinCheck has plans to remove 3 privacy coins – Monero, Dash, and Zcash – from their platform along with an ERC-20 token which elicits gambling on a non-regulated platform. Cryptocurrency Privacy: Is It Under Attack? Coincheck has just announced that they will be ceasing the trading of 4 cryptocurrencies on their platform. These currencies being Monero, Dash, ZCash, and Augur, listed in order of market capitalization. Coincheck plans for the delisting of these projects to

    Monex Owned Coincheck Confirms Delisting of Privacy Coins

    | 2018/05/20 10:00 pm
  • Following new cryptocurrencies regulations that came into force Monday, Thailand is grappling with how to regulate and tax the burgeoning market as the public weighs in. Regulations on the Horizon The Thai government will waive the previously planned 7 percent value-added tax (VAT) for individual cryptocurrency investors and temporarily prohibit any new initial coin offerings (ICOs), national media reported Wednesday. “After the digital asset decree became effective on Monday, new ICOs cannot be launched until related regulations

    Thailand Temporarily Bans ICOs, Waives Cryptocurrency Tax

    | 2018/05/19 2:00 pm
  • 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
  • As the G20 works to create a set of “unified regulations” in regards to cryptocurrencies, the government of South Korea — the third largest cryptocurrency market in the world — reportedly plans on playing ball with whichever policies the international forum of governments and central bank governors put into place. ‘We Will Step up Efforts to Improve Things’ According to China Money Network, local media has also reported that Korean regulators have agreed to apply the Financial

    FUD No More: South Korea Set to Adopt G20’s Unified Cryptocurrency Regulations

    | 2018/05/19 12:00 am
  • Russia’s State Duma Committee on State Construction is to support the first reading of a regulatory proposition which is to incorporate the fundamental rules for the digital economy in the country’s Civil Code. At the same time, a leading Russian bank issues the first commercial bonds carried out via Blockchain-based technology. Russia is making serious efforts towards dominating the booming industry of blockchain technology, claiming that it will eventually belong to them. In April of

    Russia Moves to Regulate Crypto, Issues First Commercial Bonds via Blockchain

    | 2018/05/18 8:00 am
  • In a surprising turn of events, the US Securities and Exchange Commission has launched its own initial coin offering dubbed HoweyCoins. ‘A Hot Investment Opportunity’ Anyone looking for a hot new initial coin offering (ICO) should look no further than the US Securities and Exchange Commission’s brand new token sale for HoweyCoins. States the regulatory authority in an official press release: If you’ve ever been tempted to buy into a hot investment opportunity linked with

    US Securities and Exchange Commission Launches ‘HoweyCoins’ ICO

    | 2018/05/17 8:00 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
  • The French Finance Minister Bruno Le Maire admits he was wrong regarding blockchain and cryptocurrencies. Recently, the powerful minister had a change of heart and is now calling for making France the epicenter for blockchain and cryptocurrency technologies. French Finance Minister Now Passionate About Cryptocurrencies Le Maire has become passionate about Bitcoin technology and other cryptocurrencies. According to Alexandre Stachtchenko, President of Chaintech, and Co-founder of Blockchain Partner, Le Maire declared: I was a neophyte

    French Minister Urges France to Become Leader in Blockchain and Cryptocurrencies

    | 2018/05/17 5:00 am
  • The feds are contemplating the potential for regulations which would essentially erode one of the most popular aspects of cryptocurrency – its anonymity. During a panel discussion, three United States government officials expressed their sentiment on the potential for future regulations that could seriously affect the way Bitcoin, as well as other cryptocurrencies, are perceived and exploited. Hinting that the government is contemplating a regulatory hit towards the anonymity offered by some virtual currencies, Sujit

    Feds Eyeing Regulations to Hit Anonymity of Cryptocurrency

    | 2018/05/17 3:00 am
  • 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