In spite of a very unstable situation on the crypto market, the world’s largest virtual currency exchange expects $1 billion of profit this year.
Another crypto exchange has hired an institutional trading executive. Former NYSE chief information officer soon will join cryptocurrency exchange Gemini.
The FSC revised its rules to apply strengthened policies in order to prevent or detect money laundering and illegal activities because they aren’t opposed to cryptocurrencies.
The initiative comes despite a decline in the prices of cryptocurrencies and overall trading volumes since the beginning of the year.
From now on the cryptocurrency exchanges of South Korea form a new industry named “Cryptocurrency Exchange and Brokerage” able to operate at a large capacity with full government support.
3 transactions per second – that is the current capacity of Bitcoin. The price of the cryptocurrency is closely tied to its ability to process at least as many transactions as the traditional financial services. The Lightning Network may be the solution, but the mass adoption of this technology is likely to face some problems.
Having successfully closed a Series B round funding, the China-based cryptocurrency industry giant Bitmain is valued $12 billion.
Huobi Australia (HuobiAU) is a joint venture between Huobi and Blockchain Global. The new exchange now supports Bitcoin (BTC), Ethereum (ETH), Bitcoin cash (BCH), Ethereum Classic (ETC), and other cryptocurrencies.
Thomas Lee has updated his Bitcoin price forecast for this year. Now he predicts that it will reach $22,000 in 2018 instead of $25,000.
The Dutch Flow Traders is expanding its trading products to exchange-traded notes (ETNs) based on Bitcoin and Ethereum.
The opposition party has accused the ruling Bharatiya Janta Party of being involved in money laundering activities using Bitcoin.
The services of the cryptocurrency exchange will be initially focused only on the EU market with a plan to extend them to other qualified regions on the globe, ahead in the future.
As a part of new regulations, ICO issuers will have to undergo a thorough screening by the SEC before being launched and open to retail investors.
Ripple has probably the best chance for recovery across all major cryptos. On Thu, July 5, Ripple is trading at $0.4900 and going down slightly.
Thanks to amendments that the government plans to make to the Banking Act, Bermuda is to become a new destination for fintech innovation.