Please share if you find this article interesting. South Korea Finance Minister Confirms ‘No Ban’ On Cryptocurrency South Korea Finance Minister Kim Dong-yeon has reaffirmed that the government will not ban or otherwise “suppress” cryptocurrency in the country, according to a statement reported by Reuters today, Jan. 31. In the latest update to the country’s ongoing regulatory overhaul of cryptocurrency exchange, Kim firmly distanced Seoul from previous comments about a potential outright ban, which had caused public outrage earlier this month. “There is no intention to ban or suppress cryptocurrency (market),” he said in the statement. Kim and Justice Minister Park Sang-ki caused an uproar earlier this month after the latter said in a press conference that a ban on cryptocurrenc
Please share if you find this article interesting. Venezuela Says Crypto Mining Now ‘Perfectly Legal,’ Announces Petro Presale Venezuela’s government has said cryptocurrency mining is now “completely legal” as it plans the presale of its Petro coin for next month. In comments during a TV address quoted by local news outlet TeleSur, the country’s newly-dubbed ‘cryptocurrency superintendent’ Carlos Vargas confirmed that citizens mining Bitcoin and other cryptocurrencies were not breaking the law. Last year, Venezuela made headlines on several occasions after reports emerged that police were cracking down on mining operations, accusing those involved of sapping power from the national grid. “It is an activity that is now perfectly legal,” Vargas announced in a dramatic U-turn. He co
Please share if you find this article interesting. Over 1 Mln People Sign Up For Early Access To Robinhood’s Zero-Fees Trading Service One of the biggest gripes in the current crypto space, especially with the most popular Bitcoin being at the helm, is the expensive fees that are part and parcel of trading. Robinhood, however, took the whole scaling issue and flipped it on its head simply by offering zero-fees. It is a bold move by the mobile trading app, and the one that immediately challenges the hegemony of the major exchanges that currently rule the crypto space, such as Coinbase. Coinbase and other major exchanges are not fully decentralized, and they are using their power to hold a monopoly over the space. So, when a company like Robinhood comes in, using equally centralize
Please share if you find this article interesting. Davos Elites Still Don't Get Blockchain Michael J. Casey is chairman of CoinDesk's advisory board and a senior advisor of blockchain research at MIT's Digital Currency Initiative. Every year at the World Economic Forum, a handful of timely, hot-button issues overshadow the myriad other topics consuming the chatter of the attending businessmen, government officials, development professionals, celebrities, journalists and multiple other breeds of wannabe "Davos men." This year, as with last, a guy called Trump was on everyone's mind. But that was hardly unexpected. What was truly remarkable, at least for anyone who has been interested in blockchain technology since its relative obscurity only a few years ago, was the degree to w
Please share if you find this article interesting. Bitfury Launches New Software To Fight Bitcoin Crime Blockchain tech group Bitfury, founded in 2011 as a Bitcoin mining company, has launched a software stack called Crystal that is designed to help fight crimes involving Bitcoin, according to a press release issued Tuesday, Jan. 30. Crystal will allow users to detect and examine criminal activity that takes place on the Bitcoin Blockchain and avoid interacting with coins that are associated with illegal transactions. Crystal’s free demo version is available for individuals starting Jan. 30, while a full version for corporate clients will begin shipping in March 2018. According to Bitfury, it took about two years to develop Crystal. The company set out in 2015 with the idea to pr
Please share if you find this article interesting. Blockchain Platform to Offer Effective Identity Management and Enhance KYC Procedures Blockchain technology has enabled the possibility of data control and proper identity management by their real owners. It is this technology that Persona, a start-up, has employed in order to ensure that users achieve hassle-free identity management, signing-on for all websites through its single channel. Hosting individual data using the Persona platform could offer individual owners the ability to have total control of their data in a granulated manner. This implies that unlike what is currently obtained, identity owners will be able to determine the level of information that they share per time with any given network. Conquering existing limi...
Please share if you find this article interesting. Turkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First Turkish football team Harunustaspor announced Tuesday, Jan. 30, that it will pay a player partially in Bitcoin (BTC), local news outlet CNN Turk reports. As chairman of the amateur club Haldun Şehit told CNN Turk, the move was completed to hire 22-year-old Omar Faruk for 2000 lira ($528) in BTC and 2500 lira ($661) in cash. OFFICIAL: Turkish amateur side Harunustaspor have signed 22-year-old Omar Faruk in return for Bitcoin. 😅👏🇹🇷 pic.twitter.com/zAt4LJrIVB — SPORF (@Sporf) January 30, 2018 The move is likely a first in semi-professional sporting circles for player hiring. It follows a bigger move in December in which Bitcoin Suisse opted to pay Denmark clu
Please share if you find this article interesting. Bitcoin Back Above $10K But Gains Could Be Short-Lived Bitcoin is back above $10,000, but the gains could be short-lived, the price charts indicate. Having breached key support yesterday, prices on CoinDesk's Bitcoin Price Index (BPI) fell to a two-week low of $9,627.89 at 01:14 UTC today. In the last few hours, bitcoin (BTC) has managed to regain some poise and moved back above $10,000. At time of writing, bitcoin was around the $10,300 mark. The 15 percent drop from the weekend high of $11,942.25 signals a continuation of the series of lower highs on the price chart, suggesting the bears remain in control. That said, the quick rebound from $9,627.89 to $10,000 adds credence to the argument that the cryptocurrency could be formi...
Please share if you find this article interesting. Major Japanese Chat App LINE To Open Crypto Exchange For Its 200 Mln Monthly Users Major Japanese social messaging app LINE has announced today, Jan. 31, that it is launching its own crypto exchange and in-app trading space for its 200 million active monthly users. According to LINE’s official statement today, their application to operate a new cryptocurrency exchange is currently sitting before Japanese regulators. Japan began operating a licensing scheme for cryptocurrency exchanges in 2017. The government has seen approved over twenty exchanges joining what become a popular industry, involving several major corporations. In its official statement LINE said it was establishing a new company, LINE Financial Corporation, to serve
Please share if you find this article interesting. Multiple ‘Charlie Lee’ Imposter Twitter Accounts Promise Fake LTC Giveaway Twitter has seen an influx of “Charlie Lee” this week, with not just one, but multiple imposters posing as the Litecoin (LTC) creator and promoting a fake LTC giveaway. I am donating 180 Litecoin to the LTC community. First 60 transactions with 0.3 LTC sent to the address below will each receive 3 LTC to the address the 0.3 LTC came fromLKGMCZZxp4hSCkwDQCuefBiwh93diTKt2zDon't miss out. Claim your LTC now! — Charlie Lee [LTC] (@SatoshiLitez) January 29, 2018 Most of the imposters are using Twitter accounts with names very similar to the real Charlie Lee, @SatoshiLite, such as @SatoshiLitez and @SatoshiLitee_, whose Twitter profiles exactly match those on t