Japan has also been a crypto-forward and friendly country, but it seems Japan’s top financial regulator is putting its foot down on cryptocurrency exchanges. Just this morning, the Financial Services Agency (FSA) issued six new business improvements to the list of 16 cryptocurrency exchanges it previously approved. The list of Japenese crypto exchanges receiving administrative punishment…
Binance Coin (BNB), currently an ERC-20 token, is the native token of the Binance exchange. The exchange, originally Chinese but now based in Malta, is the world’s most used crypto-exchange, despite offering no fiat on ramps. Its trading volumes and demand has risen exponentially since the inception of the platform due in no small part to its…
Following the attack, In a quickly deleted tweet on the official Bithumb twitter, it was announced that “cryptocurrencies valued about $30,000,000 was stolen” and “Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet.” The following tweet was then released, detailing an exchange lock-down and a ‘we’ll…
Robinhood stock trading app: A National Banking Charter is attractive to many financial tech companies but alas, it is very hard to get. That hasn’t stopped California-based stock trading app Robinhood from approaching regulators at the Office of Comptroller of the Currency (OCC) with an ambition to acquire the necessary licenses to allow them to receive a…
Robinhood stock trading app: A National Banking Charter is attractive to many financial tech companies but alas! it is very hard to get. That hasn’t stopped California-based stock trading app Robinhood from approaching regulators at the Office of Comptroller of the Currency (OCC), with an ambition to acquire necessary licenses allowing it to receive a national banking…
While the communities of Ripple (XRP) and Monero (XMR) are growing, fans of the currencies still face challenges when it comes to storage — with little support for user-controlled storing, sending or receiving of these currencies on many popular exchanges or wallets. Things got a little brighter today, however, as the Edge multi-asset wallet has…
It’s day 8 of the Crypto World Cup, and we have some of the biggest players facing off with one another. Charlie Lee will play against Vitalik Buterin in a nail-biting match. Plus, Charles Hoskinson, Apolo Ohno, Bill Barhydt, and Tiffany Hayden. You won’t want to miss it! If you don’t know them all yet,…
Blockchain in Switzerland: It seems that blockchain technology is expected to infiltrate Switzerland’s economy even more-so. Already, the Alpine nation has been known as quite the hot-spot for all things cryptocurrency. But this time it seems that the technology behind blockchain specifically, allows for a real push in technological advancement for the nation. Johann N.…
The IRS may be cracking down on crypto bought on foreign exchanges as part of a technicality involving overseas holdings. Americans who hold more than $10,000 abroad are required to file Foreign Bank and Financial Accounts (FBAR) reports each year with the U.S. Treasury Department. They are also required by the Foreign Account Tax Compliance…
Crypto energy consumption: Bitcoin took the world by storm. Some experts warned against trading it, touting it as fraudulent. But as time went by, the cryptocurrency remained strong, surprising everyone. These days a lot of people are trading Bitcoin and investing in it, in hopes of making a profit. There are still some skeptics, but…
