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Reports: People’s Bank of China forbids local companies engagement with cryptocurrency News

The Chinese central bank has never been a fan of cryptocurrencies and has a stable policy, which means only one thing: the crypto market in China will die unless they suddenly change their mind. Recent reports tell about yet another prohibitive measure Chinese outlets tell about a new document or order issued by the central bank of this country called People’s Bank of China. This official decree orders companies within the state borders to stop working with cryptocurrency payments. This has been...

EOS to announce its second VC partner tomorrow News

The big project established by a team of experienced developers (which many current fintech-related projects often lack) is going to announce its second partner tomorrow, 23 January 2018. Opinions on who that might be vary EOS, a very prospective open-source platform for decentralized applications (also known as Dapps), is going to announce its second partner tomorrow, 23 January 2018. The announcement regarding this matter appeared on the official Twitter of this enterprise. This project has...

Choi Heung-sik, South Korean FSS: the regulator employees were indeed involved in insider trading News

The local South Korean news message tells that the head the Financial Supervisory Service openly admitted that staff in the service indeed made profits on insider trading, no confirmation from American media yet Amidst the recent news from South Korea regarding possible tightening of cryptocurrency regulations, the leader of the South Korean FSS (Financial Supervisory Service) openly admits: some employees of the service, knowing that the price of cryptocoins is going to change due to the announcement...

Metropolitan: media did not interpret our statement correctly News

Read this news to find out where Bitnewstoday went wrong along with other financial outlets, including those read by big investors and Wall Street asset managers and how to separate fake news from real news The big bank called Metropolitan tells that the media outlets on finance and cryptocurrency mistook the reminder about the company not accepting wire transfers in cryptocurrency from non-US actors for a completely new bank policy, thus interpreting the statement incorrectly. Actually, tells...

Crypto markets falling down News

Major cryptocurrencies fell by 10 or more percents in 24 hours for reasons currently unknown. Might be a natural correction or the aftermath of the recent events in South Korea. Nobody knows how long this fall is going to last Biggest cryptocurrencies are now falling down, as witnessed on Coinmarketcap . For instance, Bitcoin has fallen by 11% in 24 hours, and Cardano - by 20%. The whole top hundred of most capitalized cryptocurrencies is in decline, with a notable exception - for some reason...

US Treasury Secretary Mnuchin: Bitcoin is not a Swiss bank account News

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 In his latest interview to one of the most respected financial media outlets, Steven Mnuchin, United States Treasury Secretary, tells that Bitcoin is not exactly as secure as a Swiss bank...

Telegram’s TON technology description posted online News

The Telegram Open Network detailed description circulates across the messenger it is going to improve with blockchain solutions - Telegram. No confirmation from the alleged author of the document, mathematician Nikolai Durov, PhD, has been received by anyone yet Rumors on the Telegram’s team planning to introduce its own blockchain and, possibly, cryptocurrency as well, are circulating on the Internet since the advent of this year. In addition to the white paper already described by various media...

South Korea is not banning crypto trading, government notes huge community reaction News

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 The government of South Korea is not planning to prohibit cryptocurrency trading in the near future, as the press found out. According to the local television reports cited by Joseph Young , cryptocurrency observer...

Over 80% of those who bought Bitcoin via credit card jeopardize their credit history - latest poll News

Looks like experts from the traditional market are at least partly right about Bitcoin investors and their risky attitude that is going to get their finances in a poor state. The latest poll by LendEDU directly confirms this Firstly, it’s better to clarify the difference between debit and credit cards. Credit cards are used for borrowing money from the bank and debit cards are not. The fact that when operating with the former type of cards one actually uses the money one has to repay later (and...

SegWit2x launched, nothing disastrous happened yet News

The hard fork scheduled at the moment when block 501451 mined in the blockchain of Bitcoin has happened — but only at the first stage, as the team promises to launch main features only around 15 January 2018. The whole project seems strange, journalists tell. See why SegWit2x, or, rather, its second incarnation, has been launched, tells the official Twitter of the team. But those who remember the New York Agreement and heated debates of this autumn resulting in the cancellation of the protocol...


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