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Bahrain’s Central Bank Issues Draft Crypto Regulations

December 15th, 2018

The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf.   Also read: New Bitcoin…

SEC Chair ‘Optimistic’ DLT and Crypto Will Drive Investment Opportunities

December 14th, 2018

Speaking as part of a testimony to the United States Senate Committee on Banking, Housing, and Urban Development, the chairman of the U.S. Securities and Exchange Commission Jay Clayton expressed optimism that the distributed ledger technology (DLT) sector will “facilitate capital formation.” Clayton also discussed the enforcement actions taken by the SEC in regulating initial…

U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

December 14th, 2018

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients. Also read: Former Mt. Gox CEO Could Face 10 Years in…

Markets Update: Bears Continue to Drag Cryptocurrency Prices Down

December 14th, 2018

Digital asset prices have been dipping in value again after a few days of price consolidation. At the moment, the entire cryptocurrency economy is awfully close to dropping under the psychological $100 billion market valuation. Furthermore, since our last markets update cryptocurrency global trade volumes are weaker than usual, with only $11.5 billion worth of…

These Two Analogies Will Help You Explain Bitcoin to Anyone

December 14th, 2018

Explaining Bitcoin to someone who knows nothing about Bitcoin isn’t easy. In fact, it’s fiendishly tricky. Describing concepts such as blockchain, decentralized networks, and permissionless ledgers to beginners are as tough as describing the color orange to a blind person or the taste of an orange to someone who’s never peeled one. Two new Bitcoin…

New Bitcoin ATM Tracker Site Launches in Russia

December 14th, 2018

A new website showing a map of cryptocurrency teller machines and other points of sale has been launched in Russia. The platform currently provides information about bitcoin ATM locations in the city of Moscow but its developers plan to expand its coverage globally. Also read: French Lawmakers Propose Lower Electricity Rates for Cryptocurrency Miners Cryptocoinmap…

The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited

December 14th, 2018

In Friday’s installment of The Daily, we update a story we first reported on yesterday – the closure of stablecoin project Basis. Its team have now given the official reason for its cessation. We’ll begin, though, by covering a slice of crypto crime concerning “bitcoin bandit” Nicholas Truglia. Also read: Digital Currency Platform Revolut Receives…

Chatter Report: Voorhees Questions ‘Smart Money’, Sechet Explains ‘Miners Don’t Vote’ Declaration

December 14th, 2018

In today’s Chatter Report, Erik Voorhees criticizes cryptocurrency-focused venture capital firms for reneging on their signed term sheet deals. Also, Steve Patterson calls out Amaury Sechet over Chris Pacia’s comment that miners don’t vote. Lastly, imaginary_username contemplates on the different roles of miners and users in Bitcoin. Also read: BCH Devs Discuss Securing Instant Transactions…

Japan’s Monex Group Launching Crypto Exchange in the US

December 14th, 2018

Monex Group, a major Japanese financial services company and the parent company of cryptocurrency exchange Coincheck, has unveiled its plan to launch a crypto exchange in the U.S. next quarter. The company has also shared its expansion plans for Coincheck in Japan. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations U.S….

Tipping App Gitcash Returns With Plans to ‘Make It Rain’ BCH on Github

December 14th, 2018

The Gitcash project has re-launched this week after taking a brief hiatus following the Bitcoin Cash hard fork. After returning, the Github tipping application has released a new splitting application for pre-fork bitcoin cash and this past ‘Tipping Tuesday’ the Gitcash crew “made it rain” BCH on unsuspecting Github projects. Also Read: Digital Currency Platform Revolut…