25-Cent Crypto Sold for $6M in Bitcoin on Binance, Prompting Suspension, Policy Changes
A single Syscoin, worth about USD 0.25, was inadvertently sold for BTC 96 (USD 6.3 million) on Binance on 3 July 2018. This unusual trading activity prompted a temporary suspension of the entire exchange. When trading resumed, new policies were announced by Binance, including a Secure Asset Fund for Users (SAFU) that will compensate customers in the event of extreme losses of cryptocurrency in the future.
Read the full article at https://bitcoinnews.com/25-cent-crypto-sold-for-6m-in-bitcoin-on-binance-prompting-suspension-policy-changes/
Video https://m.youtube.com/watch?v=WjGIDWdXVKQ&t=6s
Topic: BitcoinNews: #1 In Blockchain News - page 51. (Read 4502 times)
Crunch Time for Crypto in Kenya as Legal Status Deadline Looms
Kenya’s Treasury Secretary Henry Rotich reportedly has two weeks to make a decision regarding cryptocurrencies’ future as legal tender, according to Coingape.
Read the full article at https://bitcoinnews.com/crunch-time-for-crypto-in-kenya-as-legal-status-deadline-looms/
Video https://m.youtube.com/watch?v=SxOEUQjaWr0
Kenya’s Treasury Secretary Henry Rotich reportedly has two weeks to make a decision regarding cryptocurrencies’ future as legal tender, according to Coingape.
Read the full article at https://bitcoinnews.com/crunch-time-for-crypto-in-kenya-as-legal-status-deadline-looms/
Video https://m.youtube.com/watch?v=SxOEUQjaWr0
Bermuda Prioritizes Blockchain Startups in Revised Banking Act
Bermudian officials led by premier and finance minister David Burt have voted to amend banking laws in favor of blockchain and fintech companies. These changes to the Banking Act follow closely the Digital Asset Business Act and an initial coin offering (ICO) bill recently passed by the Bermudian government.
Read the full article at https://bitcoinnews.com/bermuda-prioritizes-blockchain-startups-in-revised-banking-act/
Video https://m.youtube.com/watch?v=2_IReelVgjg
Bermudian officials led by premier and finance minister David Burt have voted to amend banking laws in favor of blockchain and fintech companies. These changes to the Banking Act follow closely the Digital Asset Business Act and an initial coin offering (ICO) bill recently passed by the Bermudian government.
Read the full article at https://bitcoinnews.com/bermuda-prioritizes-blockchain-startups-in-revised-banking-act/
Video https://m.youtube.com/watch?v=2_IReelVgjg
Petro to Fund Housing for Venezuela’s 2 Million Homeless
The Venezuelan Housing Ministry is to initiate a fund to support the country’s homeless by constructing homes for them using the national cryptocurrency, the Petro, according to Cointelegraph.
Read the full article at https://bitcoinnews.com/petro-to-fund-housing-for-venezuelas-2-million-homeless/
Video https://m.youtube.com/watch?v=POHKhQ7ikLQ
The Venezuelan Housing Ministry is to initiate a fund to support the country’s homeless by constructing homes for them using the national cryptocurrency, the Petro, according to Cointelegraph.
Read the full article at https://bitcoinnews.com/petro-to-fund-housing-for-venezuelas-2-million-homeless/
Video https://m.youtube.com/watch?v=POHKhQ7ikLQ
Romania’s Crypto Development Calls for E-funds Issuance Draft Bill
The Romanian Finance Ministry has announced the release of what it refers to as an Emergency Ordinance, which targets the issuance of e-funds in the country, writes Cointelegraph.
Read the full article at https://bitcoinnews.com/romanias-crypto-development-calls-for-e-funds-issuance-draft-bill/
Video https://m.youtube.com/watch?v=apyJBF7YqZI
The Romanian Finance Ministry has announced the release of what it refers to as an Emergency Ordinance, which targets the issuance of e-funds in the country, writes Cointelegraph.
Read the full article at https://bitcoinnews.com/romanias-crypto-development-calls-for-e-funds-issuance-draft-bill/
Video https://m.youtube.com/watch?v=apyJBF7YqZI
Dutch Speed Trading Firm to Trade Crypto Despite Regulator Concerns
Amsterdam-based Flow Traders NV, Europe’s largest trader of exchange-traded funds is now going crypto, but it has turned out not to be a move recommended by the Dutch Authority for the Financial Markets (AFM), according to Cointelegraph.
Read the full article at https://bitcoinnews.com/dutch-speed-trading-firm-to-trade-crypto-despite-regulator-concerns/
Video https://m.youtube.com/watch?v=Hj8j-wM7qic
Amsterdam-based Flow Traders NV, Europe’s largest trader of exchange-traded funds is now going crypto, but it has turned out not to be a move recommended by the Dutch Authority for the Financial Markets (AFM), according to Cointelegraph.
Read the full article at https://bitcoinnews.com/dutch-speed-trading-firm-to-trade-crypto-despite-regulator-concerns/
Video https://m.youtube.com/watch?v=Hj8j-wM7qic
Switzerland’s Stock Exchange SIX Launches Crypto Platform
Cryptocurrency-friendly Switzerland has taken another step along that road with the country’s stock exchange, SIX, announcing that it will open its doors to digital currencies, according to the Financial Times.
Read the full article at https://bitcoinnews.com/switzerlands-stock-exchange-six-launches-crypto-platform/
Video https://m.youtube.com/watch?v=3wOVD1pBgtk
Cryptocurrency-friendly Switzerland has taken another step along that road with the country’s stock exchange, SIX, announcing that it will open its doors to digital currencies, according to the Financial Times.
Read the full article at https://bitcoinnews.com/switzerlands-stock-exchange-six-launches-crypto-platform/
Video https://m.youtube.com/watch?v=3wOVD1pBgtk
How Much Would Bitcoin’s Price Be If It Extinguished Fiat Currency?
An interesting thought experiment can be conducted in regards to what Bitcoin’s price would be if all fiat currency ceased to exist, and if all of that money were put into Bitcoin. This can be defined as Bitcoin’s extinguishing capacity.
Read the full article at https://bitcoinnews.com/how-much-would-bitcoins-price-be-if-it-extinguished-fiat-currency/
Video https://m.youtube.com/watch?v=TbYIzCFfZPQ
An interesting thought experiment can be conducted in regards to what Bitcoin’s price would be if all fiat currency ceased to exist, and if all of that money were put into Bitcoin. This can be defined as Bitcoin’s extinguishing capacity.
Read the full article at https://bitcoinnews.com/how-much-would-bitcoins-price-be-if-it-extinguished-fiat-currency/
Video https://m.youtube.com/watch?v=TbYIzCFfZPQ
Major Israeli Exchange to Pass on Client Crypto Details to Tax Office
A local Israeli cryptocurrency exchange has agreed to pass on client information to tax authorities as part of a government drive to tighten cryptocurrency regulations, according to local Israeli news source Calcalist.
Read the full article at https://bitcoinnews.com/major-israeli-exchange-to-pass-on-client-crypto-details-to-tax-office/
Video https://m.youtube.com/watch?v=nuvPHQ-6M0c
A local Israeli cryptocurrency exchange has agreed to pass on client information to tax authorities as part of a government drive to tighten cryptocurrency regulations, according to local Israeli news source Calcalist.
Read the full article at https://bitcoinnews.com/major-israeli-exchange-to-pass-on-client-crypto-details-to-tax-office/
Video https://m.youtube.com/watch?v=nuvPHQ-6M0c
Is Derivatives Trading Harming the Bitcoin Market?
BitMEX, short for Bitcoin Mercantile Exchange, consistently has the highest trading volume for any cryptocurrency exchange by far, such as USD 2.5 billion in volume versus Binance’s USD 1.3 billion on July 5, 2018. However, BitMEX is usually excluded from cryptocurrency exchange ranks because it primarily trades derivative contracts that represent a certain amount of bitcoin instead of spot trading actual bitcoins.
Read the full article at https://bitcoinnews.com/is-derivatives-trading-harming-the-bitcoin-market/
Video https://m.youtube.com/watch?v=6JSA4ztixcA&t=19s
BitMEX, short for Bitcoin Mercantile Exchange, consistently has the highest trading volume for any cryptocurrency exchange by far, such as USD 2.5 billion in volume versus Binance’s USD 1.3 billion on July 5, 2018. However, BitMEX is usually excluded from cryptocurrency exchange ranks because it primarily trades derivative contracts that represent a certain amount of bitcoin instead of spot trading actual bitcoins.
Read the full article at https://bitcoinnews.com/is-derivatives-trading-harming-the-bitcoin-market/
Video https://m.youtube.com/watch?v=6JSA4ztixcA&t=19s
Cryptocurrencies Are Helping Venezuela’s Poor as Conditions Worsen
A Venezuelan, using the alias “Hector” to protect his identity, has spoken out against the Madura regime illustrating how the country’s poor is increasingly relying on cryptocurrency for survival, writes Bitcoin magazine.
Read the full article at https://bitcoinnews.com/cryptocurrencies-are-helping-venezuelas-poor-as-conditions-worsen/
Video https://m.youtube.com/watch?v=x3hbApNeehM&t=3s
A Venezuelan, using the alias “Hector” to protect his identity, has spoken out against the Madura regime illustrating how the country’s poor is increasingly relying on cryptocurrency for survival, writes Bitcoin magazine.
Read the full article at https://bitcoinnews.com/cryptocurrencies-are-helping-venezuelas-poor-as-conditions-worsen/
Video https://m.youtube.com/watch?v=x3hbApNeehM&t=3s
Five Spanish Speaking Universities Offering Crypto-Courses Join Education Surge
Five universities across three Spanish-speaking countries, Spain, Argentina and Venezuela, are now offering crypto courses, reports one of the crypto-news outlets.
Read the full article at https://bitcoinnews.com/five-spanish-speaking-universities-offering-crypto-courses-join-education-surge/
Video https://m.youtube.com/watch?v=6FwEQ9Fo4aE
Five universities across three Spanish-speaking countries, Spain, Argentina and Venezuela, are now offering crypto courses, reports one of the crypto-news outlets.
Read the full article at https://bitcoinnews.com/five-spanish-speaking-universities-offering-crypto-courses-join-education-surge/
Video https://m.youtube.com/watch?v=6FwEQ9Fo4aE
Philippines CB Gives Two New Exchanges the Go-Ahead as Crypto on the Rise
The Philippines Central bank is reported to have authorized two of the country’s banks to process conversions between cryptocurrencies and the Philippine peso.
Read the full article at https://bitcoinnews.com/philippines-cb-gives-two-new-exchanges-the-go-ahead-as-crypto-on-the-rise/
Video https://m.youtube.com/watch?v=ofAMLbK3Rro
The Philippines Central bank is reported to have authorized two of the country’s banks to process conversions between cryptocurrencies and the Philippine peso.
Read the full article at https://bitcoinnews.com/philippines-cb-gives-two-new-exchanges-the-go-ahead-as-crypto-on-the-rise/
Video https://m.youtube.com/watch?v=ofAMLbK3Rro
Vitalik Buterin Has Harsh Words For Centralized Crypto Exchanges
Ethereum Co-Founder Vitalik Buterin had harsh words for centralized cryptocurrency exchanges at the TechCrunch Sessions: Blockchain 2018 conference in Zug, Switzerland. He said, “I definitely hope centralized exchanges go burn in hell as much as possible”. He thinks decentralized cryptocurrency exchanges are the way of the future.
Read the full article at https://bitcoinnews.com/vitalik-buterin-has-harsh-words-for-centralized-crypto-exchanges/
Video https://m.youtube.com/watch?v=ktD4VV3_DI0
Ethereum Co-Founder Vitalik Buterin had harsh words for centralized cryptocurrency exchanges at the TechCrunch Sessions: Blockchain 2018 conference in Zug, Switzerland. He said, “I definitely hope centralized exchanges go burn in hell as much as possible”. He thinks decentralized cryptocurrency exchanges are the way of the future.
Read the full article at https://bitcoinnews.com/vitalik-buterin-has-harsh-words-for-centralized-crypto-exchanges/
Video https://m.youtube.com/watch?v=ktD4VV3_DI0
South Korea Set To Adopt G20 Recommendations and Ease Crypto Regulations
The Korea Times has reported that South Korean regulators are about to ease cryptocurrency regulations in line with G20 recommendations.
Read the full article at https://bitcoinnews.com/south-korea-set-to-adopt-g20-recommendations-and-ease-crypto-regulations/
Video https://m.youtube.com/watch?v=XK5-gxmao2o
The Korea Times has reported that South Korean regulators are about to ease cryptocurrency regulations in line with G20 recommendations.
Read the full article at https://bitcoinnews.com/south-korea-set-to-adopt-g20-recommendations-and-ease-crypto-regulations/
Video https://m.youtube.com/watch?v=XK5-gxmao2o
Dip in South African Economy Sees Rand Down and Rise in Bitcoin Trading
The South African economy is struggling with the Rand at a six-month low, but bitcoin continues to gain popularity with investors, writes bitcoinist.com.
Read the full article at https://bitcoinnews.com/dip-in-south-african-economy-sees-rand-down-and-rise-in-bitcoin-trading/
Video https://m.youtube.com/watch?v=tfn2wAjqils&t=1s
The South African economy is struggling with the Rand at a six-month low, but bitcoin continues to gain popularity with investors, writes bitcoinist.com.
Read the full article at https://bitcoinnews.com/dip-in-south-african-economy-sees-rand-down-and-rise-in-bitcoin-trading/
Video https://m.youtube.com/watch?v=tfn2wAjqils&t=1s
English Premier League Football Team Signs Crypto Sponsorship Deal
The newly-promoted English Premier League football team Wolverhampton Wanderers has signed a deal with cryptocurrency exchange platform, CoinDeal, writes Business Insider.
Read the full article at https://bitcoinnews.com/english-premier-league-football-team-signs-crypto-sponsorship-deal/
Video https://m.youtube.com/watch?v=t2D62hAiPYU&t=47s
The newly-promoted English Premier League football team Wolverhampton Wanderers has signed a deal with cryptocurrency exchange platform, CoinDeal, writes Business Insider.
Read the full article at https://bitcoinnews.com/english-premier-league-football-team-signs-crypto-sponsorship-deal/
Video https://m.youtube.com/watch?v=t2D62hAiPYU&t=47s
Western Union Patenting Crypto Compatible Payment Technology
Western Union has filed a patent application with the United States Patent and Trademark Office titled ‘Recurring Transfer Notifications and Secure Transfers‘ that heavily mentions cryptocurrency integration.
Read the full article at https://bitcoinnews.com/western-union-patenting-crypto-compatible-payment-technology/
Video https://m.youtube.com/watch?v=6bsLqAzBM1g
Western Union has filed a patent application with the United States Patent and Trademark Office titled ‘Recurring Transfer Notifications and Secure Transfers‘ that heavily mentions cryptocurrency integration.
Read the full article at https://bitcoinnews.com/western-union-patenting-crypto-compatible-payment-technology/
Video https://m.youtube.com/watch?v=6bsLqAzBM1g
Nigeria’s Poor Turn to Crypto Bounty Hunting
Bounty hunting platforms are showing that cryptocurrencies are offering a way out of poverty for some, writes Coindesk.
Read the full article at https://bitcoinnews.com/nigerias-poor-turn-to-crypto-bounty-hunting/
Video https://m.youtube.com/watch?v=7hCEBjCy758
Bounty hunting platforms are showing that cryptocurrencies are offering a way out of poverty for some, writes Coindesk.
Read the full article at https://bitcoinnews.com/nigerias-poor-turn-to-crypto-bounty-hunting/
Video https://m.youtube.com/watch?v=7hCEBjCy758
South Korea Introduces New Crypto and Blockchain Classification Guidelines
The South Korean Financial Services Commission (FSC) has revealed new guidelines for cryptocurrency regulations, just as the nation’s central bank, the Bank of Korea (BOK), reported that total balance of Korean cryptocurrency investment as of December 2017 stood at almost USD 1.8 billion.
Read the full article at https://bitcoinnews.com/south-korea-introduces-new-crypto-and-blockchain-classification-guidelines/
Video https://m.youtube.com/watch?v=tdO_2LlJCtE
The South Korean Financial Services Commission (FSC) has revealed new guidelines for cryptocurrency regulations, just as the nation’s central bank, the Bank of Korea (BOK), reported that total balance of Korean cryptocurrency investment as of December 2017 stood at almost USD 1.8 billion.
Read the full article at https://bitcoinnews.com/south-korea-introduces-new-crypto-and-blockchain-classification-guidelines/
Video https://m.youtube.com/watch?v=tdO_2LlJCtE
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