Tag Archives: cryptocurrency

Cryptocurrency market continues to slide as regulation claws tighten

Bitcoin and other cryptocurrencies were trading 10 to 23 percent lower on Monday, as news about tighter regulation continues to wreak havoc on the market. The biggest Nordic bank, Nordea, sent a memo to all its employees on Monday, warning that they are now prohibited to trade in bitcoin or other cryptocurrencies due to their “unregulated nature,” Bloomberg reports. Read ...

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New cryptocurrency backed by oil promises to end market volatility

The first legally compliant digital currency based on a physical asset, OilCoin, was announced last month. Each token will reportedly represent the value of one barrel of oil. Read more A team of banking and technology managers, and US regulatory commissioners who launched the digital currency claim it would provide users with a safe haven from cryptocurrency volatility. RT talked ...

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Bitcoin & ripple lead cryptocurrency rebound after sell-off wiped out third of market

A total of 49 of top 50 cryptocurrencies were growing on Thursday following a bloodbath on the digital money market in the past few days. The dollar-pegged centralized tether was the only loser. Read more Bitcoin gained over 16 percent on the day, and was trading above $ 12,000 at 12:35 GMT. This is still well below its $ 20,000 ...

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Cryptocurrency meltdown continues as overheated market cools down

Top cryptocurrencies slipped by 13 to 25 percent on Tuesday, as investors appeared to abandon digital assets. Leading cryptocurrency bitcoin has fallen to just under $ 12,000, representing a 40-percent drop from its record highs. Read more Bitcoin was trading at more than 13 percent down at $ 11,957 per token. Ethereum plunged 18 percent, ripple crashed 24 percent, while ...

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Private investors buying electric power stations in Russia to mine cryptocurrency

Two electric power stations in Russia have been sold for the purpose of cryptocurrency mining, the Kommersant newspaper reported, citing sources. It is the first such deal in the country. The two power stations are in Perm Region, on the western slopes of the Middle Ural Mountains, and in the neighboring Republic of Udmurtia. The facilities will be used to ...

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Maduro urges Latin American states to join oil & gold-backed cryptocurrency project

Venezuela’s leader Nicolas Maduro has invited members of the regional ALBA-TCP bloc to join him in launching a new cryptocurrency. Named petro, the cryptocurrency will be backed by the country’s oil, gas, gold and diamond riches. “I have a proposal for the economic teams of the ALBA: to assume jointly the creation of an oil-backed petro cryptocurrency, which will be ...

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No cryptocurrency ban in South Korea – Seoul

There will be no cryptocurrency trading ban in the short-term in South Korea, according to the Blue Office, the executive office and official residence of the country’s head of state. “All government ministries agree on the need for a government response to an overheating in cryptocurrency speculation and for a degree of regulation,” FInance Minister Kim Dong-yeon told reporters, as ...

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Goldman of crypto: Billionaire bitcoin buff to launch first cryptocurrency ‘merchant bank’

Billionaire Michael Novogratz has unveiled plans to launch a full-service merchant bank dedicated to cryptocurrencies and blockchain-based ventures, with the aim of getting listed on Canada’s TSX Venture Exchange. Read more The Wall Street trader is planning to raise $ 200 million if the initial public offering (IPO) of his company is successful. The firm, named Galaxy Digital, is building ...

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Virtual Currency Girls: World gets its first cryptocurrency pop group

Published time: 11 Jan, 2018 14:50 As digital currency fever spreads across the world, a new all-girl pop band from Japan, called Kasotsuka Shojo, is on a mission to educate the public about personal finance, bitcoin and other cryptocurrencies. Kasotsuka Shojo, which means Virtual Currency Girls, features eight singers, each representing a different virtual currency, including ethereum and ripple, that ...

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South Korea readies ban on cryptocurrency trading after police & tax authorities raid exchanges

Published time: 11 Jan, 2018 03:58 South Korea’s justice minister has announced legislation is in the works to ban cryptocurrency trading after police and tax authorities reportedly raided the country’s biggest exchanges in a tax evasion probe. “There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” Park ...

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