Tag: cryptocurrency news
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Binance: Official Launch of 2.0 Platform with Margin Trading
Binance, the world’s largest cryptocurrency exchange by daily trading volume, has launched its 2.0 margin trading platform to increase trading potentials in order to meet the traders’ needs. In their release statement, Binance asserted that margin trading (which is an effort to push the industry towards the freedom of money by letting traders borrow funds…
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Facebook Cancels Calibra Launch in India
It is no news that the Indian government frowns at cryptocurrency and anything related to digital assets, and that recently included Facebook’s crypto, Libra and its Calibra wallet, which have been surrounded by so many controversies recently. Days after Indian government officials publicly expressed discomfort with Facebook plans concerning its cryptocurrency Libra and were looking…
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LIQUIDITY LOSS CAUSES SUDDEN SHUT DOWN OF POLISH CRYPTO EXCHANGE -BITMARKET
“Dear Users, We regret to inform you that due to the loss of liquidity, since 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps.” This message, written in English and Polish, was what users of Poland’s second-largest crypto exchange (Bitmarket) received when they visited the site on the 8th day…
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Scam Alert: 5 arrested by Italian Authorities, 93 social media pages and 7 websites seized for promoting Onecoin
The controversial cryptocurrency Onecoin which is considered to be the most infamous cryptocurrency scam pulled off so far continue to suffer nemesis. The crypto scam was reported to have raised $4 billion before it was shut down. Officials of Special Antitrust Unit in Verona, Italy have managed to seize 93 social media pages and 7…
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Catalonia Considers Separate Digital Currency and E-Residency Program
Catalonia, which is fighting for independence from Spain, is considering an e-residency program similar to the one in Estonia. Catalonia is also considering adopting its own digital token or cryptocurrency. The Government of Catalonia, the Generalitat de Catalunya, has sent representatives to Estonia to learn about the e-residency program, which offers a government-issued digital identity card that…
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Vietnamese Central Bank Bans Cryptocurrencies
Vietnam’s central bank, State Bank of Vietnam has declared the use of digital currencies in the country as illegal. The central bank also announced that it will impose a fine on anyone caught utilizing the cryptocurrencies starting early 2018. Based on the new monetary law issued by the bank that is scheduled to go into effect during…
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TokoBitcoin, BitBayar Shut Down Operations After Bank of Indonesia’s Bitcoin Ban
Indonesia-based Bitcoin payment platforms TokoBitcoin and BitBayar have reportedly shut down their operations following the announcement by the country’s central bank, Bank of Indonesia, that it will not accept Bitcoin as a form of payment. The operation of Bitcoin exchanges in the country, however, was not affected by the pronouncement. BitBayar, which is the Indonesian counterpart of Bitpay, has…
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Singapore Will Not Regulate Cryptocurrencies, Singapore Official Says
Recently during an interview with Bloomberg, an official of Monetary Authority of Singapore (MAS), which serves as the central bank and financial regulator of Singapore, said that MAS has no plans of regulating cryptocurrencies. The central bank will keep “an open mind,” though the official also stated the necessity of establishing anti-money laundering control in the…
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Algerian Government Eyes Total Ban on Cryptocurrencies
The government of Algeria appears to be moving towards a total ban of Bitcoin and other digital currencies in the country. The government is reportedly considering the prohibition of the use, as well as possession of the virtual currencies and not just a ban on their acceptance as a form of payment. Based on a report by local paper Maghreb…
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India Goes Bitcoin: Zebpay Will Add 500k Users Monthly by 2018
Indian Bitcoin exchange Zebpay is adding 200,000 users a month and is eyeing half a mln by the end of 2017. In an interview with Forbes India, the exchange, which is one of the country’s ‘big names’ in Bitcoin along with Unocoin and Coinsecure, described recent market transformation as “crazy.” “It is crazy now. But when we started Zebpay we had no…