Author: Kevin Helms

A New Bitcoin World

Everyone in This Village Now Owns Cryptocurrency

Everyone in This Village Now Owns CryptocurrencyIn a small village in Ukraine, all residents are now owners of cryptocurrency, thanks to an initiative by the head of the village council. Cryptocurrencies, such as bitcoin and ether, can also be used in the village to purchase items such as eggs, lard, meat, and milk. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]

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May 5, 2018 0

Cryptocurrency Exchange Kraken Withdraws from Japanese Market

Cryptocurrency Exchange Kraken Withdraws from Japanese MarketCryptocurrency exchange Kraken is suspending all of its services to Japanese residents. The exchange has been allowed to operate in Japan while its application with the country’s financial regulator is being reviewed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Kraken Pulling Out of Japan Kraken announced on Tuesday the suspension of its services […]

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April 17, 2018 0

Coincheck to Start Compensating Hack Victims and Resume Operations Next Week

Coincheck to Start Compensating Hack Victims and Resume Operations Next WeekHacked Japanese exchange Coincheck is getting ready to start compensating its customers next week as it plans to resume operations. The exchange has been slapped with two business improvement orders so far by Japan’s financial regulator and may stop trading some cryptocurrencies for safety reasons. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 […]

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March 9, 2018 0

Venezuela Orders Government Services to Accept Any Cryptocurrency

Venezuela Orders Government Services to Accept Any CryptocurrencyVenezuela’s president Nicolas Maduro has ordered the country’s consular services, as well as several other services and gas stations, to accept any cryptocurrency including the nation’s own petro. In addition, he has announced the launch of another cryptocurrency, this time backed with gold. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Maduro’s Orders […]

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February 22, 2018 0

Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised $735 Million

Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Now AvailableVenezuela has announced that the pre-sale of its oil-backed cryptocurrency, the petro, has attracted $735 million on the first day. The government has also published a buyer’s manual and confirmed that buyers can use “hard currencies and cryptocurrencies, but not bolivars.” Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Petro Pre-Sale Starts The private […]

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February 21, 2018 0

Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies

Major British Credit Card Issuers Ban Customers From Buying CryptocurrenciesBritain’s largest banking group is banning its credit card customers from buying cryptocurrencies including bitcoin. Credit card issuers that are banning crypto transactions include the UK’s largest retail bank, Lloyds Bank, Bank of Scotland, Halifax, and MBNA. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Largest British Banking Group Banning Crypto Britain’s […]

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February 6, 2018 0

Venezuela Announces Whitepaper and Pre-Sale of Its Oil-Backed Cryptocurrency Petro

Venezuela Announces Whitepaper and Pre-Sale of Its Oil-Backed Cryptocurrency PetroVenezuela’s president Nicolás Maduro has announced the pre-sale of his country’s national oil-backed cryptocurrency, the petro. In addition, he has presented and signed the official petro’s whitepaper and unveiled the Petro Container for mining the new currency. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Pre-Sale of Petro During the meeting of […]

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January 31, 2018 0

South Korea Ends Anonymous Cryptocurrency Trading Today

South Korea Ends Anonymous Cryptocurrency Trading TodayThe new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies. Traders must open real-name accounts at the same banks as their exchanges in order to deposit money to trade cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies […]

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January 30, 2018 0

South Korean Regulator: In Reality Impossible to Close Cryptocurrency Exchanges

South Korean Regulator: It Is Impossible in Reality to Close Cryptocurrency ExchangesThe South Korean Fair Trade Commission (KFTC) does not have the authority to close cryptocurrency exchanges. “It is impossible in reality,” said the KFTC chairman. The agency is currently investigating 13 major exchanges operating in the country for alleged violations of the e-commerce law. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto […]

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January 18, 2018 0

Despite Regulations, One South Korean Crypto Exchange Rises to the Global Top

Despite Regulations, One South Korean Crypto Exchange Rises to the TopAmid regulatory uncertainty, South Korean cryptocurrency exchange Upbit has grown rapidly, offering 121 cryptocurrencies and over 200 trading pairs. Backed by Kakao Corp, the platform is now the largest crypto exchange by volume globally. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Upbit Tops the Chart South Korean […]

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January 17, 2018 0