America’s leading cryptocurrency wallet provider and cryptocurrency exchange Coinbase is wooing Wall Street investors with the launch of its new suite of products. The exchange service announced this on its official blog on May 15.
Cryptocurrency News
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Thailand Implements Crypto Regulations
Last updated: May 24, 2018, 2:41 pm Cryptocurrency NewsThailand is now the second country after Japan to implement cryptocurrency regulations, essentially recognizing digital currencies as an asset. Thankfully, Thailand, like Japan, has taken a more progressive approach towards cryptocurrencies and Blockchain technology as a whole, believing regulation and structure is the key to managing the nascent industry, rather than banning it outright.
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Upbit’s Investigation Incorrectly Reported
Last updated: May 24, 2018, 3:14 pm Cryptocurrency NewsMultiple South Korean media outlets have reported that the country’s biggest cryptocurrency exchange Upbit is being investigated by the Financial Supervisory Service (FSS) for suspected fraud. According to the reports, there are anomalies with regard to the exchange’s liquidity as well as trading volume.
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Indian Supreme Court Refuses Injunction
Last updated: May 24, 2018, 3:14 pm Cryptocurrency NewsThe Indian Supreme Court refused to grant petitioners an interim injunction against the country’s central bank, Reserve Bank of India’s (RBI’s) announcement which banned banking services firms from dealing with and in cryptocurrencies. This news was posted on Twitter on May 11 by Crypto Kanoon, a team of lawyers in India who are engaged in the analysis of cryptocurrency regulations and creating legal awareness about the industry.
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Blockchain Innovation for KYC
Last updated: May 24, 2018, 3:14 pm Cryptocurrency NewsShark Tank South Africa star and entrepreneur Vinny Lingham founded his own startup called Civic in 2016, and this company is now launching a really innovative product to demonstrate how Blockchain technology can be harnessed for the KYC process. KYC, or, Know Your Customer, is a critical part of any customer verification or identification process.
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Bitcoin May Skyrocket in 2019
Last updated: May 24, 2018, 3:14 pm Cryptocurrency NewsAccording to a study released by Wall Street research and strategy company Fundstrat Global Advisors, the price of Bitcoin could go up to $36,000 towards the end of 2019. In fact, the firm gave a price range increase of $20,000 to as high as $64,000 by the end of next year.
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NYSE Parent Company Planning Crypto Exchange
Last updated: May 24, 2018, 3:14 pm Cryptocurrency NewsAccording to sources from within the company that wish to remain anonymous, the parent company of the New York Stock Exchange, Intercontinental Exchange (also known as ICE) has been working on creating an online cryptocurrency exchange that would let big investors purchase as well as hold Bitcoin.
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Why Investors Renewed Interest in EOS
Last updated: February 5, 2019, 9:59 am Cryptocurrency NewsThe price of the EOS token has been steadily rising in the last few months despite the fact that gains have actually be hard to come by in this time. This is caused renewed interest by investors in this cryptocurrency. Especially since Multicoin Capital, a crypto fund, announced that EOS is the next gen platform for smart contracts.
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New Head of FSS More Positive about Cryptos
Last updated: July 3, 2018, 7:32 am Cryptocurrency NewsAccording to the latest news reports, South Korea has a new governor of the country’s financial regulatory body, the Financial Supervisory Services (FSS). The new head of the watchdog agency, Yoon Suk-heun, will join office on May 8 – today.
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Wall Street Analyst Urges Caution in Bitcoin Trading
Last updated: May 24, 2018, 3:16 pm Cryptocurrency NewsA Wall Street analyst by the name of Nick Colas wants investors to avoid Bitcoin as much as possible. Colas, the co-founder of DataTrek Reseach, pointed out lacklustre fundamentals surrounding what he describes the “FANG stock of the crypto world.” FANG is basically Facebook, Amazon, Netflix, and Alphabet’s Google, and it is considered the highest flying – and even most widely held – tech stocks.