Tag Archives: crypto

South Korea Clarifies Position on Crypto Regulation Amidst Confusion in Mainstream Media

South Korea Clarifies Position on Crypto Regulation Amidst Confusion in Mainstream Media

Stricter regulations for South Korea’s cryptocurrency trading industry were announced Sunday, Jan. 14, amidst continued confusion in mainstream media about a proposed ban on cryptocurrency trading by the country’s Justice Minister last week. Reports in local news agency Yonhap claimed Sunday, Jan. 14, that requirements for Korean traders to use their real names for cryptocurrency trading accounts, a potential regulation reported earlier in […]

World’s Largest Crypto Exchange Sees Exponential Growth Despite Market Lows

World’s Largest Crypto Exchange Sees Exponential Growth Despite Market Lows

The largest cryptocurrency exchange in the world by trading volume, Binance, continues to see explosive growth in spite of price reductions across the market earlier this week. The company added 240,000 users in just one hour on Wednesday Jan. 10, surpassing all previous growth records. Binance’s record growth this week is taking place in spite of drops across the markets, and negative comments from […]

Coinbase CEO Backs Crypto Derivatives Exchange DydX

Coinbase CEO Backs Crypto Derivatives Exchange DydX

DYdX, an in-development decentralized exchange for cryptocurrency derivatives, has raised an undisclosed amount in a seed funding round. In a Medium post, the startup said that the funding is a notable step in its vision to create the “first ever” decentralized derivatives exchange. Led by Chris Dixon at Andreessen Horowitz (A16z) and Olaf Carlson-Wee at Polychain Capital, the […]

Nasdaq and Cantor Fitzgerald have bitcoin plans in place for 2018

Nasdaq and Cantor Fitzgerald have bitcoin plans in place for 2018

Nasdaq Inc. and broker Cantor Fitzgerald are both eyeing cryptocurrency as a key part of their respective businesses, come 2018. As the price of bitcoin surged past $11,000 on Wednesday, details emerged about how each company looked to cash in on the crypto craze. Nasdaq (NASDAQ: NDAQ) aims to launch bitcoin futures, according to The Wall Street […]

The Basics on FACTS: A New Model for Compliant ICOs

The Basics on FACTS: A New Model for Compliant ICOs

A few blockchain companies have recently been touting a “legal” or “compliant” ICO. After digging into the details, however, I am realizing that these ICO teams have very little understanding of SEC requirements, and that their token sales are not compliant.  This isn’t surprising. Most entrepreneurs are (rightly) more focused on building a business than […]

Crypto venture firm Blockchain Capital is raising $150 million for two funds

Crypto venture firm Blockchain Capital is raising $150 million for two funds

According to SEC filings this week, the firm has raised about $85 million combined for the two funds. One of the funds — Blockchain Capital Parallel Fund IV — only accepts contributions in cryptocurrencies, according to a source familiar with the firm. Blockchain Capital has invested in 42 companies in the past three years, according […]

Popularity of Crypto Debit Cards Will Encourage Mainstream Adoption

Popularity of Crypto Debit Cards Will Encourage Mainstream Adoption

World boxing champion Floyd Mayweather, popular for his uncommon attitude towards money, has taken his relationship with cryptocurrency a step further by partnering with Centra Card to spend his cryptocurrency in mainstream commerce. With posts under some of his social media handles earlier this year, Mayweather’s interest on cryptocurrencies attracted a lot of attention. While […]

Australia Takes Aim at Cryptocurrencies With New Money Laundering Bill

Australia Takes Aim at Cryptocurrencies With New Money Laundering Bill

Australia is moving to introduce a new bill that would extend the country’s anti-money laundering (AML) rules to cover domestic cryptocurrency exchanges. In a statement this morning, the Ministry of Justice announced that the legislation would seek to bring exchanges within the jurisdiction of the Transaction Reports and Analysis Centre (AUSTRAC), the country’s chief financial intelligence office. The effort dates back to mid-2016, […]