Bitcoin climbed 11 percent into Friday to post its highest price since mid-December: one coin was worth $16,920, cross-exchange data shows.Exchanges tracked by Coinmarketcap recorded an average trade price maximum of just under $17,000 earlier Friday before a slight correction saw Bitcoin head back towards $16,000.The performance is...
South Korean cryptocurrency exchange Coinpia has announced it will suspend both trading and deposits after it was unable to implement a customer identification system in line with a recently enacted government mandate. According to an announcement released Tuesday through its homepage, the exchange had suspended Korean won deposits on Jan....
Noelle Acheson is a veteran of corporation evaluation and member of CoinDesk’s solution workforce. The adhering to post at first appeared in Institutional Crypto by CoinDesk, a publication for the institutional current market, with news and views on...
Bank Indonesia issued a press release on Jan. 13, warning its citizens against the use of selling, buying or trading cryptocurrency and reiterating that virtual currency is not legitimate within Indonesia.This statement comes after the September reassertion that Bank Indonesia will not accept Bitcoin (BTC) as payment, leading...
The Monetary Authority of Singapore (MAS), the city-state's de facto central bank, is proposing adjustments to existing regulations that would ease sector entry for blockchain-dependent and decentralized exchanges. According to a consultation paper published on Tuesday, MAS states that the current one-tier "recognized sector operators" (RMO) regulatory framework is not...
Shares of Longfin, a small publicly traded financial company, surged an astonishing 1,342 percent after news that the company would be purchasing a cryptocurrency company with no current value.The explosion in share price brings the market cap for the company from $220 mln to $3.1 bln, a number...
The U.K.’s Monetary Perform Authority (FCA) is contemplating a ban on some cryptocurrency-dependent derivatives, a senior govt has claimed. Speaking at an event in London masking the regulation of cryptocurrencies, Christopher Woolard, govt board member and director...
According to an exclusive report on Blockchain technology blog Modern Consensus, Circle, a multi-currency money-sending app, is reportedly in the works to acquire Poloniex, a major US-based cryptocurrency exchange.Modern Consensus cited two unnamed sources that had information about the potential deal.However, when asked about the reported acquisition of...
Cryptocurrencies can be novel from the point of view that they bring their own nomenclature into existence, which makes users who do not know about these terms nervous or filled with anxiety. Add to this, the confusion that media generates surrounding certain events like hard forks, which are...
Gibraltar's government furnished new particulars about its program to regulate original coin offerings in a new white paper released on Tuesday. Notably, the paper states that most tokens are not thought of securities less than possibly Gibraltar or EU legislation. The classification of tokens and ICOs has troubled regulators and...