Research: Markus and Willy, bots at Mt Gox, multiplied the BTC price by 10 back in 2013
Bitcoin’s current immaturity is nothing like it immaturity during the first years of its existence. Looks like the scale of Mt Gox frauds is still being assessed. To find out how Mt Gox is connected to frauds this time, read the news below
16 January 2018 21:00, UTC
Jean-Pierre Landau, former BOF Deputy Governor, now responsible for crypto regulations in France
The former Deputy Governor of Bank of France Jean-Pierre Landau is going to lead the cryptocurrency regulation team established by Bruno Le Maire, who himself leads the country’s Ministry of Economy. See if Landau is a Bitcoin advocate or a Bitcoin skeptic
16 January 2018 21:00, UTC
Herman Gref: cryptocurrencies “should not be banned under any circumstances”
During the Gaidar Forum, the head of Sberbank has demonstrated his long-standing support for fintech and once again warned that under no circumstances should the laws which can “bury what we have right now” be implemented. Meanwhile, the traditional media notes: Bitcoin has plunged by 25% and even reached the values around 11,000 USD
16 January 2018 21:00, UTC
AUSTRAC reminds crypto exchanges about illicit finance tracking obligations
The regulator responsible for prevention of money laundering and terrorism finance tells the cryptocurrency exchanges to identify customers, report any suspicious activities and keep records of transactions
16 January 2018 21:00, UTC
BitConnect closes its exchange platform after regulators’ warnings
Due to the number of reasons, the cryptocurrency exchange platform of BitConnect is closing, and DDoS attacks together with discontent of the notable market figures might have contributed to the sad fate of this organization as well
16 January 2018 21:00, UTC
Brazilian funds prohibited to invest in cryptocurrency
Yet another prohibitive initiative by the government, now the Brazilian one. The local securities and exchange commission is the one prohibiting
15 January 2018 21:00, UTC
People’s Bank of China wants to put an end to centralized cryptocurrency trade
The governmental paper acquired by the journalists of one of the major media outlets tells that at the recent meetings, regulators and the Vice Governor of the People’s Bank of China were not exactly disagreeing over the issue of banning centralized cryptocurrency trades and services
15 January 2018 21:00, UTC
Russian Prime Minister: cryptocurrencies can disappear like companies created in the advent of the Web
Dmitry Medvedev, Russian Prime Minister, compared cryptocurrencies to companies which made a fortune during the dotcom era then abruptly disappeared, telling the similar scenario is not excluded with digital currencies too
15 January 2018 21:00, UTC
Bundesbank, Germany: cryptocurrency should be regulated at the international level
The central bank of Germany has recognized the powerfulness of cryptocurrencies and due to this fact, the board member suggests to regulate them jointly at the international level rather than at the regional level
15 January 2018 21:00, UTC
BlackWallet has been hacked, $400,000 in Stellar Lumens stolen
The wallet service which can store Stellar Lumens becomes hacked after a domain name system becomes hijacked by the anonymous hacker. According to the reports by the cyber security experts, if one had over 20 Lumens, the hacker transferred them to a different account
15 January 2018 21:00, UTC
US Treasury Secretary Mnuchin: Bitcoin is not a Swiss bank account
The head of the United States Ministry of Finance called Treasury (just like the local Ministry of Foreign Affairs is called the State Department) warns against complete trust in Bitcoin as an asset, tells investors might get hurt and tells there is no risk Russia will avoid sanctions through “virtual” currencies
14 January 2018 21:00, UTC
UK banks do not want to provide mortgages for Bitcoin investors
The banks of the United Kingdom are suspicious towards the origin of money coming out of Bitcoin and do not want to give mortgages for cryptocurrency investors to get homes
14 January 2018 21:00, UTC
South Korea to fee anonymous crypto exchange users, abandons full trade prohibition
Under the pressure of the local cryptocurrency community, the government explains itself in the official statement regarding the alleged future ban of cryptocurrency organizations - which, in fact, is not happening anytime soon. Simultaneously, it tells about charges for anonymous trades
14 January 2018 21:00, UTC
Indian state of Karnataka to hold blockchain hackathon for government tech upgrade
Although the government of India cannot be called good-hearted towards Bitcoin, the hackathon held in Karnataka is yet another example of how a technology that underlies cryptocurrency attracts governments - as long as no digital currencies are being made
14 January 2018 21:00, UTC
South Korea is not banning crypto trading, government notes huge community reaction
The initial messages on South Korea banning crypto trading have proven to be false, and exactly as Bitnewstoday suspected, officials’ opinions do not equal full-fledged laws. The local channels cite the government which is shocked by huge number of requests to sack the Justice Minister
11 January 2018 21:00, UTC
Chinese miners start to consider moving to other countries
The government of China is not thrilled with digital financial technologies to such extent that it starts to pressure Bitcoin miners, and in response to this business threat, they start to consider moving operations to Canada and Switzerland
11 January 2018 21:00, UTC
Bitcoin and Ethereum fall amidst the words of South Korean justice minister
The regulative actions and statements in one of the biggest cryptocurrency markets affect the world price and community of Bitcoin: some, however, believe Bitcoin simply needed a reason to fall, and this is only a justification of what was about to happen anyway
10 January 2018 21:00, UTC
Russia to develop amendments which prevent tax evasion through crypto
A set of amendments to existing laws is planned to develop during this year so that citizens did not evade taxes through cryptocurrency — efficiency of such amendments is in question, as nobody has seen them yet. Read more recent news from Russia below
10 January 2018 21:00, UTC
Putin: cryptocurrency is backed by nothing
Vladimir Putin commented on the possible emergence of cryptocurrency legislation in Russia. The head of state also said that digital money carries a high risk
10 January 2018 21:00, UTC
This website glitch opened crypto fraud possibilities for a short period of time
A typo in the internal structure of Overstock allowed to buy products for Bitcoin Cash while the system was designed for Bitcoin, which opened a possibility to buy a 70-dollar purchase with only 12 USD. The bug has already been fixed, so trying anything similar is not going to work anymore
10 January 2018 21:00, UTC