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Cryptocurrency News From Japan: March 22-28 in Review
28.3.2020
This week’s news from Japan included blockchain-based steel pipe tracking, added exchange features and more
‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu
28.3.2020
Bitmain cofounder Jihan Wu’s recent interview discusses some of his predictions concerning the future of bitcoin, mining, the bitcoin halving, and the cryptoconomy. Despite the coronavirus outbreak and its effect on the global economy, Wu is optimistic and he believes the modern central...
How Market Volatility Is Shining a Light on DeFi’s Structural Vulnerabilities
28.3.2020
How DeFi’s infrastructure development could help the crypto market in the times of crisis?
Tether Becomes Second Crypto to Launch on Blockchain Futures Platform
28.3.2020
KuCoin’s derivatives arm KuMEX to launch USDT-margined Bitcoin perpetual contracts on March 30
Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation
28.3.2020
Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on...
Singapore Allows Crypto Companies to Operate Without a License for 6 Months
28.3.2020
The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno...
Ripple CEO’s Public Statements About XRP Token Under Fire in Class-Action Lawsuit
28.3.2020
Plaintiffs in the class action lawsuit against Ripple Labs have filed another litigation complaint against Ripple CEO Brad Garlinghouse. The news follows the recent court judgment that denied Ripple Lab’s attempt to get the case dismissed. Also read: Market Update: Slew of Unknown Coins...
Splinter Cryptocurrency Hive Outperforms Justin Sun’s Steem After One Week Trading
27.3.2020
It's been a week since the Hive blockchain broke off from Steem in protest. So far, the market action has been on the side of the dissidents
Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them
27.3.2020
According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners...
Prestmit, A Platform For Nigerians To Buy & Sell Gift Cards And Bitcoins
27.3.2020
Due to the advancement of cryptocurrency and the widespread of gift cards in the Nigerian market, Prestmit, a Nigerian platform, now provides the absolute solution that gift cards and bitcoin enthusiasts within and outside the country have been looking forward to.
The post Prestmit, A Platform...
Market Update: Slew of Unknown Coins Has Seen Considerable Gains Since ‘Black Thursday’
27.3.2020
The top ten coins have done well but there’s a ton of unknown digital currencies moving up the ladder with great speed. In fact, a considerable number of cryptos have gained 50-1,520% in the last 30 days, since Black 'Thursday'
The post Market Update: Slew of Unknown Coins Has Seen Considerable...
Coronavirus Relief: Cryptocurrency Aid Programs Launched to Combat Covid-19 Outbreak
27.3.2020
Cryptocurrencies are being used to help fight the global coronavirus pandemic. Crypto companies are doing their part to provide coronavirus aid to countries, hospitals, and people suffering from covid-19. A coronavirus relief campaign, a Red Cross bitcoin fundraiser, and an investment fund are some...
Canada’s Tax Authority Demands Personal Data on 115,000 QuadrigaCX Users
27.3.2020
The Canada Revenue Service has requested 750,000 documents spanning the personal information and transaction histories of Quadriga’s 115,000 users
Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History
27.3.2020
Bitcoin’s hashrate has plummeted 45% since the record-breaking levels it saw on Feb. 29. The hashrate touched an all-time high of 136 exahash per second (EH/s) but has since dropped to 75 EH/s. Moreover, the crypto network has seen the second-largest difficulty drop since October 2011. Also...
Suspicions Grow During BitBay’s 18-Hour Outage
27.3.2020
Despite assurances that the exchange is working to normalize operations, many of the platform’s customers are growing increasingly concerned
Cryptocurrency is a Failure as a Currency Says Brazil's Banking Chief
27.3.2020
Bitcoin isn’t even much good as a store of value says the President of the Brazilian Banking Federation
‘Overwhelming Evidence’ – Prosecutors File Motion to Dismiss Alleged Onecoin Lawyer’s Appeal
27.3.2020
While Onecoin’s crypto queen Ruja Ignatova remains at large, U.S. resident Mark Scott is trying to get his verdict acquitted after being accused of helping Onecoin leaders, including Ignatova, launder money and commit fraud. Also read: ‘What Bitcoin Did’ – Scanning...
Cryptocurrency Accounting Firm Launches Library of Legal and Tax Advice
26.3.2020
Crypto accounting firm Lukka launches the ‘Lukka Library’ — a subscription-based repo of expert advice on crypto taxation and law
Printing Money from Thin Air – How the Fed Reduces Purchasing Power and Makes You Poorer
26.3.2020
Unless you have your head in the sand, you’ve probably realized that governments and central banks can print money out of thin air and in unlimited amounts. The United States and the Federal Reserve have been creating money from nothing for years because they had exhausted all their monetary...
Coinbase Wallet Integrates Support for DeFi Lending Apps
26.3.2020
iOS Coinbase Wallet users will be able to lend on Compound and dYdX this week, with Android support slated for the coming weeks