Category : Altcoins

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Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies

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The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies. According to Japan’s Payment Services Act and the Fund Settlement Law,
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Bittrex Segregates US Traders With Launch Of International Exchange

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US-based cryptocurrency exchange Bittrex confirmed it was relaunching its Bittrex Malta platform as a new exchange for non-US traders. US Traders To Stay On Bittrex.com In a press release and blog post, executives confirmed its new Bittrex International would host all its non-US users when it launched following a “brief evaluation process.” US residents will use a segregated Bittrex.com platform,
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Have All ICOs Sold Out? A Look at The Survivors

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The initial coin offering frenzy took over a young and inexperienced crypto market in 2017. People were putting in a large amount of money in projects that had no legal, banking or regulatory approvals. Releasing a mere whitepaper and a website could ensure entrepreneurs easy access to capital. But whether they would release their product – or not – remained
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Crypto Markets Move Again With a 6 Billion Dollar Dump

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The bears have awoken; Altcoins are dumping, only Maker, Nxt and Waltonchain survive. We have been waiting for some movement on crypto markets and it has finally arrived. Unfortunately in the wrong direction, however, and another dump has seen $6 billion shaved off cryptocurrencies as they plummet back towards $200 billion total capitalization. Bitcoin finally broke down and could not
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Sapling on Zcash (ZEC) is Working, and it’s a Big Deal

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ZCash (ZEC) has just launched a long-awaited upgrade called Sapling — a project that was seen as a method of improving the usability of ZCash protocol. Success! We’re happy to announce that the #Zcash Sapling network upgrade activated today at block height 419200. #Sapling introduces new #shielded addresses with significantly improved performance. Learn more: https://t.co/IGoqNdlz3N pic.twitter.com/6VpKcMteCa — Zcash Company (@zcashco)
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‘We Have No More Funds’: Canadian Exchange MapleChange Exit Scams

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A Canadian cryptocurrency exchange has closed down, claiming that a hacker had withdrawn all the funds. But many are suggesting that this is nothing more than an exit scam. A Scam I Am? The exchange, MapleChange, opened in May and listed 62 tokens, including Bitcoin, Litecoin, and Ethereum. Volume was modest, peaking at $67k, but there were enough regular users
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Big Four Accountancy Firms Rush to Offer Services in Crypto Despite Lack of Consensus

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Prompted by the surge in demand for auditing services of crypto firms, traditional accountancy companies are being forced to hire blockchain specialists. The likes of EY, PwC, and KPMG now have several clients from either the blockchain or digital currency space that want their business practices approved by established names. Demand Grows for Digital Currency Business Audits The massive cryptocurrency
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eToro Partnership Sees Binance Coin Exchangeable For Fiat For First Time

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Cryptocurrency exchange Binance today saw its in-house token Binance Coin (BNB) become available to buy and sell with fiat currency for the first time. BNB Leaves The Crypto Realm In a partnership with UK-based trading platform eToro, the exchange will open up its token, which traders can use to pay fees, to direct exchange against the euro, British pound, US
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NXC Makes “Strategic, Long-Term Investment” in Crypto, Acquires Bitstamp

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Popular cryptocurrency exchange Bitstamp has been acquired by South Korean NXC Corporation for an undisclosed sum in what the company is calling a “strategic, long-term investment” into the cryptocurrency space. Bitstamp Acquired by Nexon Parent Company Luxembourg-based cryptocurrency exchange Bitstamp confirmed today that it has been acquired by Belgium-based investment firm NXMH in a deal that was signed into effect
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Bitcoin Falls to Bottom of Established Trading Range as Sell Volume Ramps Up

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Overnight, Bitcoin fell to the bottom of its long-established trading range, finding stability in the mid $6,300s. Bitcoin’s drop is not unexpected, and is far less severe than many analysts had foreshadowed, following a period of incredibly flat trading. Analysts have previously explained that the longer an asset, especially a cryptocurrency, trades flat, the larger the proceeding move will be.