Latest news tagged: N-ECONOMY

October 12, 2018


Kevin Helms: Largest South Korean Exchange Launches Crypto Market Indices

The largest crypto exchange in South Korea by trading volume, Bithumb, has launched two cryptocurrency market indices. One tracks all coins listed on the exchange while the other tracks only altcoins. Meanwhile, Upbit, the country’s largest crypto exchange by the number of coins listed, has...

From: Kevin Helms

October 11, 2018


Samuel Haig: FSB: Crypto-Assets Not a Threat to Global Financial Order

Cryptocurrencies do not pose a threat to global financial stability, but the diverse range of national regulatory regimes throughout the world continues to complicate efforts to establish an international legislative framework overseeing their use, the Financial Stability Board says in a new...

From: Samuel Haig

October 04, 2018


Kevin Helms: Venezuela Makes Petro Crypto a National Currency, Publishes New Whitepaper

Venezuela’s president Nicolas Maduro has made several claims regarding his country’s digital currency this week. He announced the launch of the petro as a national currency on Monday, reportedly claiming that it is already “present in the world’s six topmost international...

From: Kevin Helms

October 03, 2018


Jeffrey Gogo: South African Startup Centbee Launches Bitcoin Cash Payments App

Centbee of South Africa has announced the launch of its bitcoin cash wallet app in beta, as adoption continues to grow in Africa and elsewhere around the world. Some shops in Kenya already accept bitcoin cash for purchases. Also read: BCH Roundup: Merchant Adoption, Wallet Services And...

From: Jeffrey Gogo

Kevin Helms: CFTC Chair Explains Why US Has Regulated Bitcoin Futures but Not Bitcoin ETFs

The chairman of the U.S. Commodity Futures Trading Commission (CFTC) has explained why bitcoin futures have been approved in the U.S. but bitcoin ETFs have not. He also shared his thoughts on the future of cryptocurrencies and how they can potentially solve currency-related problems in as much...

From: Kevin Helms

Samuel Haig: Exchanges Roundup: Tether, Bitfinex Drop Noble Bank, Bitmex Hires COO

In recent news pertaining to cryptocurrency exchanges, Noble Bank is looking to sell after reportedly losing Bitfinex and Tether as clients, Bitmex has announced the former compliance head of Hong Kong Exchanges and Clearing Limited as its new chief operating officer, and Huobi’s director of...

From: Samuel Haig

Samuel Haig: Lamassu Launches New Line of Cryptocurrency ATMs

Lamassu, a Portuguese Bitcoin ATM manufacturer, has unveiled three new machines comprising its “next generation” of cryptocurrency ATMs. Also Read: Japan Roundup: Bitflyer Restructures, Zaif Suspends New Member Registrations Lamassu Launches New Cryptocurrency ATMs Lamassu has launched its...

From: Samuel Haig

Kevin Helms: Japan Roundup: Bitflyer Restructures, Zaif Suspends New Member Registrations

The largest crypto exchange in Japan, Bitflyer, has announced a major organizational overhaul. A new representative director has been appointed to oversee the exchange’s day-to-day operations. Meanwhile, hacked crypto exchange Zaif has stopped accepting new customers as regulators ramp up...

From: Kevin Helms

October 01, 2018


Lubomir Tassev: Study Finds Growing Number of BATMs in Belgium and the Netherlands

The number of cryptocurrency ATMs in Belgium and the Netherlands is growing, according to newly released data. Amsterdam is leading among major cities in the Benelux region, with 12 machines supporting digital coin transactions. Luxembourg, which is a global center of traditional finances, is...

From: Lubomir Tassev

Samuel Haig: Regulations Roundup: Industry Leaders Want Clarity, Alliance Capitals Earns FINMA Warning

In recent news pertaining to cryptocurrency regulations, industry leaders have urged U.S. lawmakers to provide regulatory clarity or risk a crypto firm exodus, a Greek representative to the European Parliament has advocated for a lightweight cryptocurrency apparatus to avoid stifling innovation...

From: Samuel Haig

Kevin Helms: North Dakota Issues Orders Against Bitconnect, Magma, Pension Rewards

The securities department of the US state of North Dakota has issued orders against three companies promoting initial coin offerings in the state. They are Bitconnect, Magma Foundation, and Pension Rewards. The investigations are part of Operation Cryptosweep which involves over 40 US and...

From: Kevin Helms

September 30, 2018


Kevin Helms: Proposed Crypto Mining Moratorium Rejected by County in Montana

Montana’s second most populous county, Missoula County, has rejected the proposal for a moratorium on cryptocurrency operations. The proposal was first presented at a public hearing in June but was postponed for three months. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market,...

From: Kevin Helms

September 29, 2018


Jeffrey Gogo: New POS Terminal by Pundix Allows Nigerians to Make Purchases in Bitcoin

Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria, allowing people in the West African country to make purchases using cryptocurrency, including bitcoin. The move is seen as key to scaling up cryptocurrency adoption and development...

From: Jeffrey Gogo

Kevin Helms: SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1Broker

Three U.S. agencies have taken action against international bitcoin-funded securities dealer 1pool Ltd., aka 1Broker. The Securities and Exchange Commission (SEC) says 1Broker violated federal securities laws. The Commodity Futures Trading Commission (CFTC) says it violated the Commodity...

From: Kevin Helms

Lubomir Tassev: New Stablecoins: From Cryptopound and Metal-Backed Swiss Coin to Mongolian ‘Candy’

Following some notable premiers in the genre recently, the next batch of stablecoins is on the way. A British startup is partnering with a bank to launch a GBP-pegged crypto, a Swiss commodities trader wants to mint a coin backed by metals, and a Mongolian telecom has been licensed to issue the...

From: Lubomir Tassev

Jeffrey Gogo: Payments Platform Wirex Launches Iban for Spanish and French Users, Doubles Account Limits

Wirex on Friday announced it had introduced International Bank Account Numbers (Iban) on its Euro accounts for customers in Spain and France. The bitcoin and cryptocurrency wallet firm also doubled account thresholds for users within the 31-member European Economic Area (EEA) to between $18,560...

From: Jeffrey Gogo

Lubomir Tassev: European Regulator Renews Restrictions on Crypto-Based Derivatives

Europe’s securities watchdog, ESMA, has decided to extend the restrictions applied to a number of financial derivatives, including contracts-for-differences (CFDs) based on cryptocurrencies. The limits that were introduced in August of this year will now remain in place until the end of...

From: Lubomir Tassev

September 28, 2018


Kevin Helms: US Federal Judge Rules My Big Coin a Commodity, CFTC Can Pursue Charges

A U.S. federal judge has ruled that My Big Coin is a virtual currency meeting the definition of a commodity, which falls within the jurisdiction of the Commodity Futures Trading Commission (CFTC). This allows the regulator to pursue fraud charges involving the cryptocurrency. Also read: 160...

From: Kevin Helms

Kevin Helms: India’s Zebpay Shuts Down Exchange Activities

One of the largest cryptocurrency exchanges in India, Zebpay, is shutting down its exchange activities due to the crypto banking ban imposed by the country’s central bank. “At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business,” Zebpay...

From: Kevin Helms

September 27, 2018


Kevin Helms: RBI Denies Creating Crypto, Blockchain and AI Research Unit

India’s central bank has reportedly denied setting up a unit to research cryptocurrency, blockchain and artificial intelligence as the media reported last month. This unit was supposed to research, draft rules, and supervise new emerging technologies. Also read: 160 Crypto Exchanges Seek to...

From: Kevin Helms

Jeffrey Gogo: Debit Card Issuer Bitnovo Announces Bitcoin Cash Support, as Acceptance Continues to Grow

Bitnovo has launched support for bitcoin cash (BCH). Starting September 27, users of Bitcard and N26 account, both bank-free product offerings from the Spanish cryptocurrency trading platform, will be able to replenish their cards or accounts with BCH. Payments will be supported also. Also...

From: Jeffrey Gogo

Jeffrey Gogo: Debit Card Issuer Bitnovo Announces Bitcoin Cash Support

Bitnovo has launched support for bitcoin cash (BCH). Starting September 27, users of Bitcard and N26 account, both bank-free product offerings from the Spanish cryptocurrency trading platform, will be able to replenish their cards or accounts with BCH. Payments will be supported also. Also...

From: Jeffrey Gogo

Kevin Helms: Popular Thai Foreign Exchange Chain Superrich to Add Cryptocurrencies

Superrich International Exchange, a popular foreign currency exchange chain in Thailand, has reportedly revealed a plan to begin offering travelers cryptocurrency exchange service in addition to 32 fiat currencies. The company has 49 locations in Thailand, one in Cambodia, one in Britain, and is...

From: Kevin Helms

Lubomir Tassev: French Regulator Blacklists More Fraudulent Crypto Businesses

AMF, France’s financial regulator, has expanded its list of entities involved in fraudulent activities often related to cryptocurrency investments. The agency has added 21 new websites most of which have been luring French investors with offers to participate in token sales and digital assets...

From: Lubomir Tassev

September 26, 2018


Jeffrey Gogo: Pesamill Africa Launches as Kenya’s Latest Exchange Offering P2P And Centralized Trading

Pesamill Africa started trading today in one of Africa’s most active bitcoin markets. The exchange will compete with the likes of Bitpesa, and market itself to more than 48 million Kenyans, promising to help them buy and sell cryptocurrency peer-to-peer or through a centralized exchange...

From: Jeffrey Gogo

Kevin Helms: Google Bringing Back Crypto Ads in US and Japan

Google has announced that regulated cryptocurrency exchanges will be allowed to advertise on its platforms in the United States and Japan starting in October. This removes some of the restrictions the company placed on crypto ads in June. Also read: 160 Crypto Exchanges Seek to Enter Japanese...

From: Kevin Helms

Samuel Haig: Regulations Roundup: U.S. Govt. Pays $5.7 Million for Blockchain Analysis, Amit Bhardwaj’s Assets Seized

In recent regulatory news, a report published by Diar has found that U.S. government agencies have paid approximately $5.7 million USD to blockchain analysis contractors, India’s Enforcement Directorate has seized $5.9 Million worth of assets linked to the case of Amit Bhardwaj, and the Bank...

From: Samuel Haig

September 25, 2018


Jeffrey Gogo: Pushing the Boundaries of Economic Change: Bitcoin as a Medium of Exchange in Africa

Bitcoin is pushing the boundaries of economic change in Africa. In East Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, cosmetics and electrical gadgets. In Nigeria, Sure Remit is helping make cash...

From: Jeffrey Gogo

Kevin Helms: Japanese Exchange Zaif Hit With Third Improvement Order, Revises Hack Estimate

Japan’s top financial regulator has issued hacked crypto exchange Zaif a third business improvement order. The exchange has revised its theft estimate, after discovering that 42,327 BCH were also stolen in addition to 5,966 BTC. Zaif has also signed agreements with two companies for their help...

From: Kevin Helms

September 24, 2018


Jeffrey Gogo: US Dollar Losing Dominance as a Means for Settling Transactions in Africa

The dominance of the United States dollar as a settlement currency in Africa is being challenged by emerging payment methods in financial technology and by native African fiat currencies. In the four years to 2017, fewer people in the continent of 1.2 billion transacted via the US dollar than...

From: Jeffrey Gogo
*This articles should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
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