A number of credit card companies have put the squeeze on cryptocurrencies by announcing that they will not allow their customers to use their cards on cryptocurrency exchanges. Customers are effectively being blocked from accessing digital assets such as Bitcoin due to a host of concerns from credit card providers. US Credit Card Ban More and…
The government of Venezuela has turned to the world of cryptocurrencies in order to try and revive its ailing economy and escape both crippling debts and U.S. sanctions. The resource-rich nation has turned into a something of a digital asset pioneer by issuing a cryptocurrency officially backed by the state. The Petro Solution Despite being a…
The former cryptocurrency lending platform BitConnect has been hit with a series of class action lawsuits by users who claim to have had their money stolen by the disgraced company. Litigation began at the end of last month, after a group of six BitConnect investors filed a suit with a U.S. district court in West Palm Beach, Florida.…
South Korea is working towards establishing more extensive cooperation with both China and Japan with regards to regulating their burgeoning cryptocurrency markets. South Korea's Financial Services Commission (FSC) is pressing for a joint effort between regulators in all three countries in order to prevent the sector becoming a facilitator of money laundering and a number…
The U.S. Securities and Exchange Commission (SEC) has moved to clarify its stance on both ICOs and the cryptocurrency market in general. Many in the cryptocurrency community view an SEC crackdown on activities within the sector as being something of an inevitability. However, judging by the Commission’s recent public statement, there may actually be little…
The CME Group, the world's largest derivatives exchange, has confirmed the completion of their self-certification with the Commodity Futures Trading Commission, which paves the way for the listing of Bitcoin futures contracts on December 18th. The CME is poised to add Bitcoin to its diverse range of futures and options that also include agricultural products, energy,…
Investing in cryptocurrencies has enabled people to experience significant financial gains in a short period of time. Due to the somewhat secretive nature surrounding blockchain currencies, most casual observers would suspect that cryptocurrency assets are easily hidden away from all prying eyes; whether they come from official or unofficial sources. However, the practice of blockchain…
Bitcoin continues to prove itself as a modern day success story and has just recently broken the $8000 mark. This sustained increase in value has attracted a lot of attention from traditional financiers, investors, and traders. It has also managed to catch the attention of some of the net’s more ingenious hackers. Crypto Trojan
Earlier this month,…