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The Blockchain Technology Foundation, which is also referred to as the Commons Foundation, has been based in South Korea since its inception, but recently completed talks with the government of Paraguay regarding the establishment of something rather massive: the world’s largest bitcoin mining farm and crypto exchange. Many readers may be surprised to know that
The post Paraguay Backs Plan to Build World’s Largest Bitcoin Mining Farm appeared first on CCN
Christopher Woolard of the United Kingdom (UK) Financial Conduct Authority (FCA) has indicated that UK regulators are planning a “comprehensive response” to the illicit adoption of crypto assets amid increased adoption among local businesses and consumers. Despite announcing increased regulatory action regarding illegal use of crypto, Woolard stated he does not view crypto assets as a threat to financial stability.
Also Read: Venezuela Approves Law Granting Legal Effect to the Petro
Speaking at the Regulation of Cryptocurrencies event in London, Christopher Woolard, the executive director of strategy and competition at the FCA, stated that the regulator is planning to take significant action to crack down on the illicit use of cryptocurrencies.
Japan’s top financial regulator, the Financial Services Agency, has unveiled a plan to regulate cryptocurrency wallet services. The regulator has put forward a number of regulatory measures as well as proposing how to implement them.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
The Financial Services Agency (FSA) held its ninth cryptocurrency study group meeting on Monday. According to the agency’s published meeting materials, one of the main topics on the agenda was a plan to regulate crypto wallet services and their providers.
The Venezuelan government has recently launched a Petro savings plan that allows the country’s citizens to put their money into the oil-backed cryptocurrency and “save by means of a certificate.” Venezuela Launches Petro Savings Plan for 18 Million Citizens According to local news outlet Telesur, the savings plan is part of the “Comprehensive National Cryptoasset
The post Maduro Bankrupted Venezuela — Now He’s Launching a Petro Savings Plan appeared first on CCN
Dr. Hilda Cathy Heine, President of the Marshall Islands, is facing a political attack for her support of a planned national cryptocurrency. If the move is successful, it may dissuade other leaders from opening up to the new technology opposed by the IMF.
Also Read: Lawyer Invests $ 300 Million to Build Crypto City in the Nevada Desert
On Monday, eight Marshallese senators introduced a motion of no confidence against President Heine for her backing of a national digital coin. The Sovereign (SOV) was announced back in February of this year, promoted by the team behind Israeli remittances startup Neema.
Tech Bureau, operator of Japanese cryptocurrency exchange Zaif, is yet to reveal a compensation strategy for customers who suffered losses from an infamous $ 60 million theft three weeks ago. Osaka-based Tech Bureau has already halted new user registrations to focus on reimbursing customers who collectively lost ¥4.5 billion ($ 40 million) from the ¥6.7 billion ($ 60
The post Zaif Delays Customer Compensation Plan after $ 60 Million Crypto Theft appeared first on CCN
Just months after TRON (TRX), a blockchain platform building a decentralized internet, completed the acquisition of BitTorrent, a file-sharing communications protocol based on a peer-to-peer network, new plans have been revealed to bridge the technologies. Dubbed “Project Atlas,” the new project will connect BitTorrent’s peer-to-peer network and its 100 million monthly active users to the TRON blockchain. Included in […]
SludgeFeed
Recent surveys indicate that nearly one-third of the 9 million London residents, plan to invest in cryptocurrencies, which is more than double the national average of the United Kingdom. According to a recent report by Rathbone Investment Management, 30% of Londoners plan to invest in crypto, as compared to just 13% of citizens nationwide. Additionally, one […]
SludgeFeed
It’s hard to know which cryptocurrency exchange is ‘the biggest in the world’ but in reality, it doesn’t really matter does it? What matters, is how these exchanges plan on bringing cryptocurrency to the masses. We are still in the investment phase, people buy and sell crypto to make a profit and for the love of the industry. Once exchanges start to open up to institutional and mainstream use, cryptocurrency adoption will become a more realistic prospect, therefore we need to know now how cryptocurrency exchanges plan on bringing adoption to the fore.
The International Monetary Fund (IMF) has expressed misgivings about the plan to offer a national cryptocurrency by the Marshall Islands, saying that this would “increase macroeconomic and financial integrity risks, and elevate the risk of losing the last U.S. dollar correspondent banking relationship.” In February, CCN reported that the parliament of the Republic of Marshall
The post IMF Doesn’t Like Marshall Islands’ Plan for (Non-USD) ‘Sovereign’ Cryptocurrency appeared first on CCN
As Venezuelan President Nicolas Maduro starts rolling out major monetary changes, citizens have hit a snag with the new point-of-sale systems at gas pumps, according to a report from Reuters. Long lines gathered at gas stations where drivers were unable to use the payment systems to purchase gas, adding to the list of infrastructure problems caused
The post Venezuelans Queue Up at Gas Stations as Maduro’s Latest Fintech Plan Falters appeared first on CCN
A majority of accredited cryptocurrency investors and nearly three-fourths of retail investors plan to increase their cryptocurrency holdings in the next 12 months, a new survey suggests. That survey, conducted by securities trading platform SharesPost in July and eliciting responses from 2,490 retail investors and 528 accredited investors, found that current cryptocurrency owners remain highly-bullish
The post 72% of Cryptocurrency Investors Plan to Buy More this Year: Survey appeared first on CCN
Despite the flurry of bad news hitting cryptocurrencies, the latest SharePost’s survey reveals that consumers and investors remain optimistic. Indeed, they are considering more digital currency purchases within the next 12 months. Moreover, according to the survey, implementation of projects involving blockchain technology continues to grow.
A series of negative news stories continue to affect the crypto industry negatively. For example, the latest hit comes from a recent Goldman Sachs decision to reportedly drop its crypto trading plans due to an unclear regulatory environment. As a result, Bitcoin price 00 fell by over 5 percent on September 5.
Another attempt is being made at brokering a compromise before the Bitcoin Cash Civil War culminates in a permanent blockchain split, and it’s coming from what may initially seem like an unlikely source: Cobra, the pseudonymous co-owner of Bitcointalk and Bitcoin.org. Earlier this year, Cobra — originally a critic of Bitcoin Cash — came out
The post The Owner of Bitcoin.org Has a Plan to Avoid a Bitcoin Cash Civil War appeared first on CCN
Three Japanese public companies have individually made announcements regarding their cryptocurrency operations. Forside has grown its mining operation with a plan to sell 7nm bitcoin mining rigs. Farsteps is planning a Singapore exchange launch. Meanwhile, Line Corp, the operator of Japan’s most popular chat app, has added crypto price quotes to its Clova AI assistant and has launched a token fund. In addition, human consultants are now available to answer questions about bitcoin for free from within the Line chat app.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Crypto exchanges and blockchain startups in South Korea are protesting against a recent legislative proposal by the government to exclude the industry from recognized venture businesses. In a proposal outlined by South Korea’s Ministry of SMEs and Startups this week, the government body revealed its intention to exclude the blockchain industry, including cryptocurrency exchanges, from
The post Korea’s Crypto Industry Condemns Exclusion Plan from Venture Firms List appeared first on CCN
Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.
CoinDesk
Right after Washington’s move to impose sanctions that will restrict Iran’s access to US currency, reports came out that Tehran is speeding up the project to develop a national cryptocurrency. Officials in the Islamic Republic believe the state-issued coin could help circumvent the restrictions imposed by the Trump administration.
Also read: New Bill Proposes 5% Tax on Crypto Incomes in Ukraine
Creditors of Mt. Gox, the defunct bitcoin exchange, have announced an update to the civil rehabilitation plan agreed upon with the platform, according to a statement published on the group’s website.
The updated terms are said to be in line with the latest court position in the ongoing legal proceedings, including a confirmation that compensation must be paid to victims in bitcoin and bitcoin cash.
Viber wants to launch its own cryptocurrency in Russia for its new services platform in an effort to beat its biggest rival, WhatsApp.
The popular messaging app Viber is the daughter company of Rakuten, also known as the ‘Amazon’ of Japan. In fact, the electronic commerce and Internet giant is no stranger to cryptocurrencies — as it was one of the first companies in the world to accept Bitcoin in 2015.
