EXCHANGES

Finland Begins Regulating Cryptocurrency Service Providers

[ad_1] Finland’s president has approved a law to regulate cryptocurrency service providers including exchanges, custodian wallet providers, and issuers of cryptocurrencies. The law will enter into force next week. Crypto service providers will need to register with the country’s Financial Supervisory Authority and meet statutory requirements. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Finland Approves Crypto Law Finland’s Ministry of Finance announced Friday that the president
Business

Bitcoin Pushes Over $5,300 as Most Top Cryptos See Gains

[ad_1] Saturday, April 27 — most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day to press time. Bitcoin (BTC) has pushed just over the $5,300 mark.Bitcoin is up just under 1% on the day, trading at $5,306 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin has seen almost no change, down just under 1%.Bitcoin 7-day price chart. Source: CoinMarketCapEther (ETH)
Business

What We Know About the Bitfinex/Tether Scandal

[ad_1] In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with reserves meant for backing the stablecoin. Both companies share the same owner.Now, the crypto exchange and the stablecoin have found themselves in hot water. At least $90 million worth
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How Legit Are Bitcoin Lotteries, Really?

[ad_1] Some websites have begun offering Bitcoin lotteries. If you’re thinking about trying your luck with them, here are some things to know first. The Legality Varies Based on Where You Live Bitcoin is still largely unregulated. However, many countries started setting rules to regulate Bitcoin gambling, including lotteries. It’s smart to see what the laws in your country are before getting started. Look for Bitcoin Lotteries Offered By Regulated
Business

The Burst of the Bitcoin Bubble: An Autopsy

[ad_1] Marcello Minenna is the director of the quantitative analysis and financial innovation unit in Consob (Italian Companies and Exchange Commission), —Italian government’s authority responsible for regulating the Italian securities market — as well as an adjunct professor of stochastic finance at the London Graduate School of Mathematical Finance and at Luigi Bocconi University of Milan. He is an economic and financial columnist featured on leading Italian and international publications.Sixteen
EXCHANGES

More Cashshuffle Compatible Wallets Are Coming to Bitcoin Cash

[ad_1] On April 27, Electron Cash founder Jonald Fyookball revealed a new milestone for the Cashshuffle protocol when he announced the release of the Cashshuffle JS library. According to Fyookball, the software is a “major step” toward Cashshuffle being implemented into other light wallets. Also read: BCH Developer Builds Onchain Token Auction Console — SLP Agora Cashshuffle Milestone Unlocked News.Bitcoin.com recently reported on the Cashshuffle application getting a lot of
Business

NYAG Accusations ‘Filled With Inaccuracies,’ Says Bitfinex Letter to Users

[ad_1] Cryptocurrency exchange Bitfinex stated that the recent allegations by the New York Attorney General (NYAG) about the exchange’s insolvency are “filled with inaccuracies and false assertions.” The exchange made the claim in a letter seen by Cointelegraph, emailed to Bitfinex users today, April 27.The letter was signed by the exchange’s CEO, Jean Louis van der Velde. The letter specifies that the materials brought against the exchange do not constitute
BLOCKCHAIN

Samsung Joins Corporate Giants Reportedly Eyeing Bespoke Crypto

[ad_1] Samsung is another big-name company to consider issuing its own cryptocurrency. Similar stories have already emanated from the likes of Facebook and JPMorgan Chase, with analysts speculating on various use cases for these cryptocurrency tokens.While not yet confirmed officially, a “Samsung Coin” could find application as a payment means on the company’s app store and traded on cryptocurrency exchanges. The company has revealed that its flagship Galaxy S10 smartphone
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Bitcoin Trading Volume Surges 250% in Thailand After ‘Seasteading’ Fiasco

[ad_1] An illegal ‘seasteading’ home belonging to a Bitcoin-rich couple was towed by the Thai navy. Meanwhile, the publicity of the event has caused Bitcoin volumes to soar in Thailand.  A Bitcoin-rich couples home was seized by the Thai navy. Authorities in Thailand have reportedly revoked the visa of Chad Elwartowski and Supranee Thepdet for “violating Thai sovereignty.” The couple was apparently both heavily invested in the bitcoin industry, with
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CNBC Host Ran Neuner Welcomes Move by NY Attorney General against Bitfinex, Says It Will Weed out Bad Actors

[ad_1] The host of CNBC’s Crypto Trader Show, and founder of crypto investment firm Onchain Capital, Ran NeuNer, has welcomed the move by New York Attorney General Letitia James to take legal action against Bitfinex over alleged fraud. NeuNer said on a Twitter post that the news is positive because it will weed out the cryptocurrency industry’s bad actors. In his views, this could ultimately clear the ground for legit