Category: Cryptocurrency News

Professional traders-focused Liechtenstein Cryptoassets Exchange (LCX) has recently acquired a “business license” in Liechtenstein, according to a press release shared with Cointelegraph Nov. 27. The new license granted by the Liechtenstein Ministry of Economic Affairs is reportedly a milestone for LCX in developing a “fully regulated blockchain ecosystem,” targeting institutional and professional investors. Following the recent licensing, the LCX is also planning to apply for a Financial Market Authority (FMA) license, as well as other regulators’ approvals to trade security Read more …

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Half of Sweden’s retailers predict that the country will stop accepting cash by the end of 2025, the New York Times reported. Sveriges Riksbank, the central bank of the country, is already testing a digital currency called the e-krona. Could the declining usage of cash in Sweden lead to a potent market for crypto? Preparing For Read more …

An unconfirmed report released today, November 27, 2018, claims that NASDAQ has plans to launch bitcoin-based futures contracts, and that these plans are continuing to go forward despite the recent crypto crash. Bloomberg published an article today describing NASDAQ’s history with these futures contracts, claiming that they have “been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts.” NASDAQ has allegedly been laying the groundwork for these new futures Read more …

Mining Paraguay’s vice president has declared support for the “Golden Goose” project, which will see South Korea’s Blockchain Technology Foundation build five mining centers on state land. The foundation also plans to conduct what it describes as an “initial exchange offering” to facilitate investor participation in the project. Also Read: Sweden Expects to Attract Norwegian Bitcoin Miners After Brutal Tax Hike  South Korean Group to Build Mining Centers The Blockchain Technology Foundation, also known as the Commons Foundation, has entered into an Read more …

Ten financial and tech firms have established an Association for Digital Asset Markets (ADAM) to create a “code of conduct” for the cryptocurrency sector. The launch was announced in a press release published Nov. 27. Among ADAM’s founding members are Mike Novogratz’s crypto merchant bank Galaxy Digital, global financial services firm BTIG, fintech firm Paxos – of recently-launched stablecoin PAX – and crypto liquidity solutions provider GSR. According to the press release, ADAM will focus on working with regulators to Read more …

A Pakistani-American woman is facing up to 20 years in prison after she admitted to sending Bitcoin to a terrorist organization to fund their deadly criminal operation and activities. 27-Year-Old New York Woman Funds ISIS with Bitcoin Zoobia Shahnaz, a 27-year old New York hospital technician, has admitted to a Federal Court Judge that she took out a fraudulent $22,500 loan and a number of fraudulent credit cards in order to raise a grand total of $62,000. The raised funds Read more …

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Tech billionaire Tim Draper is unfazed by the recent bitcoin crash, and insists that the global economy will soon transition to crypto. In fact, Draper boldly predicts that crypto will eventually overtake fiat money to make up two-thirds of the world’s total currency value. The Silicon Valley venture capitalist said the shift will be inevitable once Read more …

Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation. Called the AirdropVenezuela.org, the campaign seeks to raise $1 million in cryptocurrency donations for residents of Venezuela. Once completed, the startup will airdrop the donations to over 100,000 verified Venezuelans who use the AirTM platform. AirTM, founded in 2015, is a registered money service business (MSB) under the U.S. Treasury Department Financial Crimes Enforcement Network (FinCEN) which Read more …

Major Hong Kong-based cryptocurrency exchange OKEx announced it was delisting a second swathe of trading pairs due to “weak liquidity” in a blog post Nov. 27. OKEx, which announced its intention to begin delisting certain pairs and tokens in October and removed the first batch Oct. 31, will now remove a further 49 trading pairs from its order book. This, the announcement says, is in order to “create a robust trading environment and offer the best trading experience” for traders. Read more …

Bitcoin has not fallen for four consecutive months and closed November in the red since 2014. As the world’s largest digital currency continues its downward spiral new records are being made, and they are not ones to revere in. It is on track to repeat a record not seen for four years. Bitcoin Patterns Back to 2014 This milestone has been noted by Marketwatch which made the comparison in a report citing Dow Jones Market data. The four in a Read more …

Wallets A developer has injected a piece of malicious code into the software used by the popular Copay and Bitpay wallets. The safety of the Bitcoin.com wallet was not compromised and the Bitpay app was not vulnerable to the attack, but Copay users need to take precautionary actions. Also Read: Chinese Startup Gets Crypto Custodial Services License in Hong Kong Someone Might Have Been Able to Steal Private Keys The Bitpay team has announced that a third-party NodeJS (the open-source Read more …