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PR: Matrix Exchange Receives Approval From Abu Dhabi Global Market
14.7.2019
Abu Dhabi-based crypto asset exchange, Matrix Exchange announced on July 12 that it has received an In-Principle Approval (IPA) from by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a crypto asset exchange and custodian in ADGM.
The post...
Hackers Stole $32 Million Worth of Crypto from BITPoint
14.7.2019
In yet another incident of massive crypto theft, BITPoint has reportedly been robbed of around $32 million worth of cryptocurrency. The investigators who are investigating this fraud have found that hackers got access to the BITPoint system for around 12 hours and in that period, this whole...
Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity
14.7.2019
Arley Lozano, founder of the cryptocurrency based startup Panda Group, recently explained how his firm is spreading cryptocurrency adoption throughout Colombia and Venezuela. Panda Group has deployed 10 hybrid cryptocurrency point-of-sale (PoS) terminals that also act as automated teller machines...
South African Payment Gateway Drops BTC Over Fees and Network Congestion
13.7.2019
On July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.”...
Thailand Endorses Four New Crypto Service Providers to Operate in Country Legally!
13.7.2019
Thai SEC (Securities and Exchange Commission) has authoritatively endorsed four new digital asset business service providers. Moreover, new conditions, rules, and methods have been presented for digital asset organizations. Under the nation’s present regulatory system for digital tokens...
Binance Adds Margin as Exchange Competition Heats Up
13.7.2019
This week, the world’s largest exchange by trading volume, Binance, launched margin trading. In doing so, it made the elite group of exchanges that offer crypto derivatives less exclusive than it once was. Binance, Kucoin, and Bitmax have all rolled out margin products this year, in a bid...
Binance Turns 2, And the Excitement doubles!
13.7.2019
CryptonewsZ Raises a Toast to the World’s Largest Crypto Exchange Legendary icons don’t need much of an introduction. And so is the case with the world’s leading crypto exchange- Binance. With 1.2 Billion average volume daily, more than 1,400,000 transactions every second, and the customer support...
Georgia Exempts Crypto Trading from VAT, Agrees that Crypto is Currency and Not Commodity
13.7.2019
It has been a long debate among regulators worldwide on whether cryptocurrencies should be regarded as commodities like Gold and Silver or as currencies like USD and GBP. The question is particularly important because it decides the future of crypto and crypto trading. Taking a stand on the matter...
One More Crypto Firm Wants to Provide Bitcoin Derivative Offerings in United States
13.7.2019
Investors in the US will soon be able to opt for Bitcoin derivatives from one more crypto company. trueDigital Holdings LLC, the global institutional platform based in New York for digital finance, has disclosed its plans of offering Bitcoin derivatives to the investors in the United States....
Retail is Still Steering the Crypto Price Rally, Says Binance CEO
13.7.2019
The industry of digital currency has been experiencing tremendous run in the ongoing year, especially since the past few months where prices have been at their best. There are a majority of industry experts who feel that the reason behind this rally is the demand created by the entry...
Can We Trust Crypto Exchanges With Each Other's Coins?
13.7.2019
Crypto-exchanges are getting big ideas. Barely satisfied with merely facilitating trades between investors, the biggest among them are branching out to launch their own blockchains, their own tokens, and their own ecosystems.
This, at least, is what Binance has been doing in recent months...
How to Avoid Ponzi Schemes in the Crypto Space: A Checklist
13.7.2019
If you have been in the crypto industry for a couple of years, you might have heard of two types of crimes. One, the cyber attacks, which like any other attack is an open threat, and the other, just a result of lack of awareness, are Ponzi schemes. Conmen have found a new playground in …
The...
Thailand Approves 4 New Cryptocurrency Service Providers
13.7.2019
The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules...
Crypto’s Travels: 20 Crypto Jokes
13.7.2019
Another week of crypto fun and unpredictability is almost behind us. Let’s check out a few things that happened, before moving on to the jokes of the week.
In Bitcoin news: we saw Bitcoin sneaking to USD 13K, with altcoins struggling to keep up, then finally hitting it for the third time this year...
Poloniex and KuCoin Extends Support to the Upcoming USDT-TRON Airdrop
13.7.2019
As per the latest reports, two of the world’s most renowned and widely used digital currency exchanges namely Poloniex Digital Asset Exchange and KuCoin have announced their support to the upcoming USDT incentive plan based on TRC20. That means users of both Poloniex and KuCoin exchange can take...
Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status
13.7.2019
Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation...
Crypto Prediction Market and Derivatives Platform Veil Is Closing
12.7.2019
Veil launched six months ago with an Auger protocol to make decentralized predictions on real world events
IRS Confirms It Trained Staff on Finding Crypto Wallets
12.7.2019
The IRS may subpoena tech firms like Apple, Google and Microsoft in search of taxpayers’ unreported crypto holdings.
TRON joins Exodus Online Wallet by making itself Accessible to Users who Prefer to do Trading Through their Mobile Phones!
12.7.2019
Exodus Mobile offers an application for Android and iOS, which are similar, enabling traders and financial specialists to deal with their cryptocurrencies when there is a need. Besides launching the mobile version of its wallet, Exodus presently allows its clients to connect with the desktop...
Big Guns of Crypto Fraternity React to Trump’s Tweets on Bitcoin and Other Cryptocurrencies
12.7.2019
Cryptocurrencies have been at a tussle with regulators and lawmakers globally for a long time, however, the fight took a notch higher when US President Donald Trump tweeted late night that he isn’t a fan of Bitcoin and other cryptocurrencies. He blasted Bitcoin accusing it of being used...