India Has Become More Optimistic in Crypto as Big Companies Challenge Court July 21, 2018

Crypto companies were heard in India today as they told the supreme court that the ban on banks interacting with cryptocurrencies is illegal. The global community has placed widespread pressure on the courts to stop the ban, as crypto exchanges have threatened to take their business elsewhere. Banking Ban Could be Lifted Imminently On July […]

The Daily: Coinbase Forms Political Action Committee, EY Acquires Crypto Patents July 21, 2018

The Daily In The Daily on Saturday, crypto exchange Coinbase has formed a political action committee to raise funds for US elections. Also, Ernst & Young has announced the acquisition of crypto technology and patents, and Indonesian crypto POS terminal maker Pundi X is looking to expand in South Korea with a new partnership. Also […]

China's Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad July 21, 2018

The chives growing in one crypto tycoon’s California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from China’s Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad. In April, Hongcai sold 500 bitcoin in the […]

Big-Name Insurers Stepping Up Their Crypto Game July 21, 2018

Finance A growing number of big-name insurers are getting into the crypto space. They are exploring new product options in this area and meeting with cryptocurrency custodians and trading platforms about coverage. However, exclusions can add up fast for crypto businesses and premiums can be more than five times that of a normal business. Also […]

Japanese Minister Denies Association with Cryptocurrency Firm Under Investigation July 21, 2018

Seiko Noda, Japan’s internal affairs minister, denied having an interest in a cryptocurrency company under investigation and interfering in that investigation, according to a report in Asahi Shimbun. As a Cabinet minister, Noda could be accused of trying to influence a government investigation. Noda acknowledged that one of her aides was present at a meeting on […]

PR: Cozystay Implements Blockchain Technology in the Vacation Rental Sharing Economy July 20, 2018

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Vancouver, BC, Canada – Cozystay Holdings Inc. (Cozystay™) is excited […]

The Daily: Minsk Mulls Rules for Exchanges, Qiwi Awards Employees with Tokens July 20, 2018

The Daily In today’s Bitcoin in Brief, Belarus, which legalized crypto activities this spring, is now turning its attention to adopting standards for companies operating crypto exchanges and issuing tokens. We’ve covered the decision of the Russian payment provider Qiwi to motivate its employees with tokens. The Daily also features crypto news from China and […]

Indian Supreme Court Heard Crypto Petitions Today but RBI Ban Stays July 20, 2018

Regulation India’s Supreme Court heard the petitions against the crypto banking ban by the Reserve Bank of India (RBI) today. After hearing some arguments from both sides, the court decided to set another hearing date, allowing some of the regulators involved to respond to the petitions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned July 20, 2018

Regulation According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that […]

Chaincode Devs, Google Alumni Create Industry Group to Help Bitcoin Scale July 20, 2018

Scaling has been a heated topic for the bitcoin community for some time. Further, even when a technology does become available, getting people to use it becomes the next big hurdle. Segregated Witness has not been fully adopted by all wallets and service providers, and not all exchanges batch transactions, to name two examples. Officially […]

GXChain Ranked Top 4 in Global Public Blockchain Technology Assessment Index (GPBTAI) July 20, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

Huobi Launches Service to Build Crypto Exchanges in the Cloud July 20, 2018

Huobi, the world’s third-largest cryptocurrency exchange platform by trade volume, is now offering a business arm to help customers build their own digital asset exchanges. Dubbed the Huobi Cloud, the service is set up to provide clients “a one-stop solution … [to enable] its partners to build secure and stable digital asset exchanges quickly,” according […]

Samsung Baltic Stores Now Accept Crypto via Blockchain Payments Platform CopPay July 20, 2018

South Korean electronics titan Samsung has announced that its Baltic stores now accept multiple cryptocurrencies as a means of payment via the blockchain-based CopPay platform, according to a July 20 Medium post. The platform allows merchants to receive cryptocurrency and either keep the payments in a cold wallet or immediately convert it to fiat. It […]

India: Supreme Court Decision on Central Bank Crypto Dealings Ban Moved to September July 20, 2018

The Supreme Court of India’s hearing on the central bank’s ban on crypto dealings, originally scheduled for July 20, has been moved to September, according to a July 19 Twitter post by a team of Indian lawyers involved in crypto regulatory analysis. The Reserve Bank of India’s (RBI) crypto banking ban was implemented in early […]

India's Supreme Court Pushes Crypto Banking Ban Hearing to September July 20, 2018

A Supreme Court decision on the Reserve Bank of India’s (RBI) efforts to bar cryptocurrency firms from receiving banking services will have to wait – for now. A final hearing on the ban’s merits has been deferred to September 11, local news outlet Inc42 reported Friday. The panel of judges overseeing the case want all arguments […]

Hong Kong: 100 ‘Mainstream Media’ Establish ‘Global Media Blockchain Alliance’ July 20, 2018

The Global Media Blockchain Alliance has been established in Hong Kong to create a “healthy public opinion environment” for the blockchain industry, Taiwanese newspaper China Times reports July 20. At the 2018 Global Media Blockchain Summit, held in Hong Kong July 19, the Global Media Blockchain Alliance released its “Hong Kong Initiative.” In it, they […]

What, if anything, can I do to recover bitcoin that was stolen from my MtGox acct in June, 2013? July 20, 2018

I understand the short answer is “nothing”, but I ask because I’ve had trouble explaining this to a coworker which made me realize I don’t really get it myself. What information can I glean from following the stolen bitcoin on a blockchain explorer? 1GvfmXt2CKP8QJfw93LNcnNV6KghD5ohVA How useful is the IP address the withdrawal was made from? […]

BitMEX CEO: Bitcoin Hasn’t Seen the Worst, $5,000 Imminent Before Big Rally July 20, 2018

On CNBC’s Fast Money, BitMEX CEO Arthur Hayes reaffirmed his stance on the price of bitcoin stabilizing in the $5,000 region before initiating the next rally. Is a 30% Drop Imminent? On July 1, Hayes appeared on CNBC’s Fast Money and discussed the price trend of bitcoin and the extreme volatility in the cryptocurrency amidst […]

Vietnam’s Central Bank Approves Call to Suspend Import of Cryptocurrency Miners July 20, 2018

Vietnam is closing in on a sweeping move to – temporarily – ban the import of ASIC cryptocurrency mining equipment after the central bank approved the proposed plan. The State Bank of Vietnam (SBV), the country’s central bank, is in agreement with a government ministry’s proposal to suspend imports of cryptocurrency miners, local publication Vietnam […]

Korea’s Financial Regulator Will Establish a Positive Cryptocurrency Policy Body July 20, 2018

South Korea’s primary financial regulator will establish a new policy-making body centered on nurturing Korea’s fintech industry with a specific focus on cryptocurrency and blockchain technology. The Financial Services Commission (FSC) is set to establish a new policymaking body dubbed the Financial Innovation Bureau to proactively help the fintech industry while formulating policies for the […]

Huobi Strategic Partner HBUS Launches API for Large-Scale US Traders July 20, 2018

HBUS, the U.S. “strategic partner” of Chinese cryptocurrency exchange Huobi, confirmed the release of its API for “experienced traders” in some U.S. states, according to a press release shared with Cointelegraph. HBUS highlighted that the API was geared to high-volume users who required live pricing data and other tools. In addition to price tracking, the […]

EOS Leads China’s Blockchain Rankings Again, Bitcoin Still Out of Top 15 July 20, 2018

The Chinese government has released its third round of public blockchain rankings, and EOS — the fifth-largest cryptocurrency by total market cap — once again reigned supreme. EOS Tops China’s Blockchain Rankings for Second-Straight Month Those rankings, published by the state-backed China Electronic Information Industry Development (CCID) and released this week, evaluated public blockchain networks […]

India’s Supreme Court Sets September Date for Final Cryptocurrency Petition Hearing July 20, 2018

India’s Supreme Court has upheld the central bank’s directive of prohibiting banks from offering services to the domestic cryptocurrency sector following a hearing today. On Friday, India’s Supreme Court held its latest hearing of the case against the Reserve Bank of India’s (RBI) circular forbidding all regulated financial institutions, including banks, to provide services to […]

Financial Exchange Patent Explores Tamper-Proof Blockchain Bidding July 20, 2018

A state-backed financial asset exchange in China’s Chongqing city is turning to blockchain to make online auctions tamper-proof and transparent. According to a patent application filed in December and revealed on Friday by the China State Intellectual Property Office, the Chongqing Financial Asset Exchange (CQFAE) is exploring how to create a system that allows multiple parties […]

World’s Number Four Telecoms Provider Files Blockchain Contract Storage Paten July 20, 2018

The world’s fourth-largest telecoms provider, Japan’s Nippon Telegraph and Telephone (NTT), has filed a patent for using blockchain tech for contract agreement, according to a U.S. Trademark and Patent Office (USPTO) release on July 19. NTT’s patent application writes that a problem with contracts on blockchain is that each transactions “contains only the electronic signature […]