Zero yen: Japanese cryptocurrency exchange briefly trips up trade

Zero yen: Japanese cryptocurrency exchange briefly trips up trade

TOKYO (Reuters) – A Japanese cryptocurrency exchange undergoing checks by regulators has said a system failure let investors briefly trade a digital currency for zero yen, highlighting security concerns about such assets after last month’s cyber heist at Coincheck Inc. Zaif, an exchange run by Osaka-based Tech Bureau Corp, said on Tuesday a problem in […]

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South Korea Regulator Seeks Cryptocurrency ‘Normalization’ in Dramatic U-Turn

South Korea Regulator Seeks Cryptocurrency ‘Normalization’ in Dramatic U-Turn

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. In a complete turnaround, South Korea’s financial regulator and watchdog has bullishly called for the development and ‘normalization’ of cryptocurrencies in the country. A month after widespread whispers of a possible ban on cryptocurrency trading in South Korea, local adopters, investors and […]

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Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Now Available

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

Featured Venezuela 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 […]

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Asian Altcoin Trading Roundup: Top Cryptocurrency is OmiseGO

Asian Altcoin Trading Roundup: Top Cryptocurrency is OmiseGO

After a few days in the green crypto markets are correcting today and red is dominating the coin charts. A small selloff has started as traders take profits during the Asian session. Bitcoin has retracted by around 2% to $11,300 and most of the altcoins have followed it down. Only one or two are still […]

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Wyoming Bill Would Exempt Cryptocurrency From State Tax

Ethereum – Wyoming Bill Would Exempt Cryptocurrency From State Tax

Ethereum news – February 20, 2018 11:30 PM The Cowboy State is staking yet another cryptocurrency claim in its state legislature, its third since last December. Wyoming’s Senate has passed Senate File Number 0111 Property taxation-digital currencies (SF0111), stating that “virtual currencies … shall be exempt from property taxation.” It now goes on to the […]

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South Korean Regulator Supports

South Korean Regulator Supports ‘Normal’ Cryptocurrency Transactions

Regulation The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Supporting ‘Normal’ Crypto Transactions The director […]

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Tesla: Elon Musk’s Cloud Hacked to Mine Cryptocurrency

Tesla: Elon Musk’s Cloud Hacked to Mine Cryptocurrency

According to security research firm RedLock’s Cloud Security Intelligence (CSI) team, electric car manufacturer Tesla’s cloud account was hacked and used to mine cryptocurrency. The report, released Monday, comes as crypto-related cybercrime is on the rise and users and exchanges are struggling to keep up with hackers and the constantly evolving methods they employ to steal money and information. […]

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South Korean Cryptocurrency Official Dead At 52

Ethereum – South Korean Cryptocurrency Official Dead At 52

Ethereum news – February 20, 2018 8:25 PM On Sunday, Jung Ki-joon, a South Korean official who was responsible for designing legislation intended to curb cryptocurrency speculation, was found dead. On February 18, 2018, Jung Ki-joon, the head of economic policy at the South Korean Office for Government Policy Coordination, was found dead at his […]

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Venezuela launches the 'petro,' its cryptocurrency

Venezuela launches the ‘petro,’ its cryptocurrency

A woman walks by banners of Venezuelan bolivar notes displayed at the Venezuelan Central Bank building in Caracas, Venezuela, on Jan. 31, 2018. (Marco Bello/Reuters) CARACAS, Venezuela — Crisis-ridden Venezuela is launching an oil-backed cryptocurrency Tuesday that it hopes will help circumvent U.S. financial sanctions and resurrect the country’s moribund economy. The pre-sale of the “petro,” […]

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South Korea’s Cryptocurrency Regulator Found Dead at Home

South Korea’s Cryptocurrency Regulator Found Dead at Home

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Fifty-two-year-old Jung Ki-joon led the regulatory effort to implement tighter controls on cryptocurrency trading. He was found deceased at home on Sunday, according to a South Korean government spokesperson cited in The Wall Street Journal. Jung Ki-joon, who led economic policy for the Office […]

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South Korea Investigating Cryptocurrency Regulator's Sudden Death

South Korea Investigating Cryptocurrency Regulator’s Sudden Death

Dieter Holger · February 20, 2018 · 1:00 am A South Korean cryptocurrency regulator in charge of “devising measures against cryptocurrency speculation” was found dead in his home from an apparent heart attack on Monday, semiofficial government news agency Yonhap News reports. A government spokesperson told The Wall Street Journal they weren’t “sure about the cause of […]

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South Korea Govt Eyes its Own ‘BitLicense’ for Cryptocurrency Exchanges

South Korea Govt Will Support Cryptocurrency Transactions: Financial Regulator

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The head of South Korea’s financial regulator and watchdog has now confirmed the government will support cryptocurrency trading while encouraging banks to facilitate transactions with exchanges, effectively killing any fears of a rumored ban. In noteworthy remarks made today, South Korea’s Financial […]

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South Korean Cryptocurrency Regulator Found Dead at Home

South Korean Cryptocurrency Regulator Found Dead at Home

Updated Feb. 19, 2018 11:58 p.m. ET A South Korean official who guided Seoul’s regulatory clampdown on cryptocurrencies was found dead on Sunday, according to a government spokesman. Jung Ki-joon, 52, was head of economic policy at the Office for Government Policy Coordination. He helped coordinate efforts to create new legislation aimed at suppressing cryptocurrency […]

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Cryptocurrency Regulator Found Dead at His Home in South Korea

Cryptocurrency Regulator Found Dead at His Home in South Korea

Regulation South Korea has been a leading market for bitcoin over the last year or so in terms of adoption, trading volumes, and regulatory response. Now one of the top figures in the government associated with regulating cryptocurrency has passed away, with stress suspected to be a contributing cause. Also Read: Polish Financial Authorities Paid […]

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If You’ve Been Scammed Out of Cryptocurrency It’s Probably Your Fault

If You’ve Been Scammed Out of Cryptocurrency It’s Probably Your Fault

Op-Ed Scammers are a dastardly, low down bunch. Preying on the gullible, extorting the vulnerable, and hoodwinking the hoodwinkable with their promise of free bitcoin if you send a little first and daily interest on your Bitconnect loan. It’s an indisputable fact that if the cryptocurrency space were cleansed of scammers, the web would be […]

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Congress sets sights on federal cryptocurrency rules

Congress sets sights on federal cryptocurrency rules

WASHINGTON (Reuters) – Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in the Senate and House of Representatives for action to address the risks […]

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Liberland: A Newly Formed “Nation” Running On Cryptocurrency

Liberland: A Newly Formed “Nation” Running On Cryptocurrency

Economist Vit Jedlicka has created a virtual state, called Liberland, that runs on cryptocurrency donations and will launch its own token in the coming months. Half a million people have applied for citizenship to the “nation” – which sits on a sandbank stretching 7km next to the Danube River (between Croatia and Serbia), 10km south of the […]

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