After initial reports that the CFTC had begun to investigate BitMex under customer protection rules, the latest data from TokenAnalyst suggests that this has been sufficient to scare users into removing their bitcoin (BTC) from the platform, July 20, 2019. Many competitors to BitMex such as Deribit and FTX are expected to benefit from this.
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Bank of Thailand (BOT) Governor, Veerathai Santiprabhob, has given his take on Facebook’s Project Libra, making it clear that the merits and risks of the digital asset still need to be studied extensively, reports local news source, Bangkok Post on July 19, 2019. BoT to Closely Monitor Libra Per sources close to the matter, BoT
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In the past months, there have been rumours about an imminent bitcoin ban in India. However, a government official recently stated that there were no plans to ban bitcoin or any cryptocurrency in the country as revealed in a July 16, 2019, Q&A with the nations Minister of Finance & Corporate Affairs, Anurag Thakur. Ban
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According to a post published on July 18, 2019, KT (formerly Korea Telecom), South Korea’s largest telephone company, and Nongshim Data System (NDS) an IT affiliate of the food and beverage company, signed an agreement to develop a blockchain-based food safety record system, once again expanding their blockchain services. Blockchain for food transparency South Korean
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Steve Wozniak, the co-founder of Apple has launched EFFORCE, a Malta-based startup that’s looking to use distributed ledger technology (DLT) to improve energy use and lower consumption, reports Independent on July 18, 2019. “Woz” Launches EFFORCE in Malta Per sources close to the matter, Steve “Woz” Wozniak, the renowned American electrical engineer and computer programmer
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Cryptocurrencies, unlike stocks and currencies, are quite difficult to trade and keep a track of simply because the market is always open. According to a detailed analysis by LongHash, using data from July 2017 to July 2019, Bitcoin shows the most volatility between 12 A.M and 1 A.M UTC, July 17, 2019. Time Zone Analytics
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The first case regarding Bitcoin as a commodity in China led to the Hangzhou Internet Court pronouncing it as virtual property. The court said Bitcoin has value, scarcity, and can be disposed, giving it the necessary attributes of a digital currency with inherent utility. China has been vocally critical of cryptocurrencies and the verdict here
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After the tangle in Taipei between Arthur Hayes and Nouriel Roubini, Bloomberg journalist Tim Culpan claims that securities regulators in the United States – most likely the CFTC – are looking into the matter. Roubini recently launched a second attack on Hayes and BitMex which may have prompted regulators to delve deeper into the issue,
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Binance, the world’s leading bitcoin trading venue is set to add support for Stellar (XML) staking starting from July 20, 2019. Holders of Stellar (XLM), the 10th largest cryptoasset in the world, in their Binance wallet will partake in the 9,500,000 XLM airdrop, according to a press release on July 18, 2019. Binance XLM Staking
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Japan’s government is working on the creation of a new international network for payments based on cryptocurrencies in order to fight money laundering inside the region, according to an article posted July 18, 2019 by Reuters. The network would be an alternative to the SWIFT Network used commonly by financial institutions. Crypto Alternative to SWIFT
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