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Cryptocurrency Exchange CoinCola Partners With Dash as It Launches in Venezuela

blokt | 10-16-2018

Hong Kong based cryptocurrency exchange CoinCola is taking its global expansion campaign seriously and as a result, has partnered with Dash to enter the Venezuelan crypto market through multiple promotional deals running from Oct. 1 to Dec. 31. The cryptocurrency exchange partnered with Dash because of the cryptocurrency’s large footprint in the Venezuelan crypto market. A […]Cryptocurrency Exchange CoinCola Partners With Dash as It Launches in Venezuela was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: DASH|Exchange|Market|BTC|Asia
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Japan: Messaging Giant LINE Launches Trading of Its LINK Token on Native Exchange

cointelegraph | 10-16-2018

Officials at Japanese messaging giant LINE confirm native LINK token trading is now live

Categories: Asia|ICO|Trading|Exchange|Blockchain
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The US Is Behind the Curve on Cryptocurrency Adoption, Says WEF Blockchain Head

livebitcoinnews | 10-16-2018

Sheila Warren believes the United States is behind the curve on cryptocurrency payment adoption. The head of the World Economic Forum’s blockchain policy unit says the maturity of the e-commerce arena in Asia has the U.S. playing second fiddle. Asia Leads the World in Cryptocurrency Payment Technology In an op-ed published on CNN Business on...The post The US Is Behind the Curve on Cryptocurrency Adoption, Says WEF Blockchain Head appeared first on Live Bitcoin News.

Categories: Blockchain|Asia|BTC|Technology|Business
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Hong Kong Explores Different Ways of Regulating Cryptocurrency Exchange Platforms

blokt | 10-16-2018

The Hong Kong Securities and Futures Commission (SFC) is keen on exploring different ways to regulate cryptocurrency exchange platforms operating in Hong Kong to protect retail investors. According to a South China Morning Post (SCMP) article published on Oct. 15, the Hong Kong watchdog believes that a total ban is not effective and it is […]Hong Kong Explores Different Ways of Regulating Cryptocurrency Exchange Platforms was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: Asia|Exchange|BTC|Blockchain|Business
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Report: Baidu-TRON ‘Partnership’ Involves Cloud Computing Provision, Not Blockchain

cointelegraph | 10-16-2018

Report: unconfirmed “partnership” between TRON and Chinese search giant Baidu will center on cloud computing, not blockchain

Categories: Blockchain|Asia
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Will XRP Be Trump’s Answer to China?

financemagnates | 10-16-2018

Ripple strategist says that Washington is doing its homework on XRP, concerned about foreign control.

Categories: XRP|Asia|BTC|ETH
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Hong Kong Crypto Trading Should Be Regulated: Claims SFC Chairman (Bitmex effect?)

cryptopotato | 10-16-2018

TL;DR • Hong Kong SFC chairman, Carlson Tong Ka-Shing claims that regulating cryptocurrency exchanges is better than banning trading. • Cryptocurrency trading ban would be ineffective since it would only push investors towards overseas markets. • Hong Kong-based exchanges are required to comply with regulations to ensure investors’ protection. A new statement was recently given by […]The post Hong Kong Crypto Trading Should Be Regulated: Claims SFC Chairman (Bitmex effect?) appeared first on CryptoPotato.

Categories: Asia|Trading|Market|Business
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Donald Trump’s trade barriers set to hit cryptocurrency company hard

cryptonewsreview | 10-16-2018

Bitmain finds itself under pressure, as US tariffs begin to hit its business… The ongoing trade battle between China and the United States has seen tariffs imposed by US President Donald Trump, in what’s threatening to be a tit-for-tat game of each side charging the other more. Caught in the middle of the brinkmanship and […]The post Donald Trump’s trade barriers set to hit cryptocurrency company hard appeared first on CryptoNewsReview.

Categories: Asia|Regulation
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Manny Pacquiao’s Cryptocurrency Could Finally Launch by the End of 2018

cryptoglobe | 10-16-2018

Manny Pacquiao's cryptocurrency is expected to launch by the end of 2018 or early next year in a report by a Singapore online news outlet that will see the new Pac Token available to the general public.

Categories: Asia|ICO
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PBoC is Seeking Cryptocurrency Recruits to Create Digital Coin

livebitcoinnews | 10-16-2018

China’s central bank is reportedly recruiting crypto experts to create its own cryptocurrency despite its less than favorable stance to the market. Exploring the Market The People’s Bank of China (PBoC) appears interested in developing its own cryptocurrency. This is according to job posts by the Digital Currency Research Institute of the PBoC, reports the...The post PBoC is Seeking Cryptocurrency Recruits to Create Digital Coin appeared first on Live Bitcoin News.

Categories: Market|Asia|Fiat|BTC
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Hong Kong to Propose Regulation for Cryptocurrency Trading

newsbtc | 10-15-2018

Hong Kong’s financial watchdog is looking to tighten investor protection by regulating cryptocurrency trading platforms. The Securities and Futures Commission (SFC), however, is limited by its legal regulatory reach of securities only, according to Carlson Tong Ka-shing, the outgoing chairman. Outgoing SFC Chairman Says Ban on Cryptocurrency Trading “Will Not Work in Today’s Internet World” In...The post Hong Kong to Propose Regulation for Cryptocurrency Trading appeared first on NewsBTC.

Categories: Regulation|Trading|Asia|Business
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Product Designers and OEMs Heavily Depend on Manufacturing in China, SophiaTX Blockchain Provides Desired Trust and Transparency

livebitcoinnews | 10-15-2018

Chengdu, 15 October 2018 – SophiaTX establishes presence in Chengdu, one of the fastest-growing cities in China. China has a dominant place in global manufacturing and trade with many well-known products and entire brands being produced in the country. Such a significant role comes with issues around transparency and trust within the supply chain along with...The post Product Designers and OEMs Heavily Depend on Manufacturing in China, SophiaTX Blockchain Provides Desired Trust and Transparency appeared first on Live Bitcoin News.

Categories: Asia|Blockchain|BTC|Sponsored
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Crypto Trading Ban Won’t Work, Says Hong Kong’s Top Financial Regulator

bitcoinist | 10-15-2018

Carlson Tong Ka-shing believes Hong Kong needs a more robust regulatory framework for cryptocurrency trading. The soon-to-be former head of the Hong Kong Securities and Futures Commission (SFC) has called for greater emphasis on investor protection in the volatile virtual currency trading arena. Blanket Cryptocurrency Trading Ban isn’t the Right Approach Speaking to South China Morning Post, Tong declared that it would be futile to issue a blanket ban on cryptocurrency trading given the globalRead MoreThe post Crypto Trading Ban Won’t Work, Says Hong Kong’s Top Financial Regulator appeared first on Bitcoinist.com.

Categories: Trading|Asia|Business
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Crypto Exchange OKEx Lists 4 New Stablecoins

coindesk | 10-15-2018

Hong Kong-based cryptocurrency exchange OKEx has announced that it is listing four U.S. dollar-pegged cryptocurrencies for trading.

Categories: Exchange|USDT|Market|Asia|Trading
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Hong Kong Authorities Work with BitMEX to Develop Regulations

livebitcoinnews | 10-15-2018

The Hong Kong Securities and Futures Commission (SFC) will be working with BitMEX to create clearer regulations for crypto exchanges in the country. While becoming increasingly common, cryptocurrency regulations can be tricky. How far can authorities actually push the process? Tokens that are deemed as securities can be regulated by certain authorities like the SEC but...The post Hong Kong Authorities Work with BitMEX to Develop Regulations appeared first on Live Bitcoin News.

Categories: Asia|BTC|ICO|Regulation
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Crypto Fund AG Granted First Crypto Asset Management License in Switzerland, Plans to Expand to Asia

blokt | 10-15-2018

With its authorities supportive of its crypto sector, Switzerland is inching closer to its goal of becoming a major cryptocurrency hub. Recently, the nation’s financial regulator just granted its first crypto asset management license to a Zug-based start-up, which allows it to offer blockchain-based assets even to institutional investors. FINMA Upgrades Crypto Fund’s License Crypto […]Crypto Fund AG Granted First Crypto Asset Management License in Switzerland, Plans to Expand to Asia was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: Asia|BTC|Blockchain|Business
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Hong Kong SFC Considering New Crypto Exchange Regulations

cryptoglobe | 10-15-2018

The Hong Kong Securities and Exchange Commission (SFC) is looking to tighten thier crypto exchange regulations to protect investors and to keep control over the market.

Categories: Exchange|Asia|Market|Business
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Korean Government to declare its stance on ICO in November.

coinnounce | 10-15-2018

Published on CoinnounceThe South Korean government is relied upon to report its situation on initial coin offerings in November, as per a high-positioning official. The choice will pursue the result of the survey which the nation’s Financial Supervisory Service as of late conveyed to domestic blockchain companies.   ICO Stance Announcement Expected in November Korean Government Anticipated […]The post Korean Government to declare its stance on ICO in November. appeared first on Coinnounce.

Categories: ICO|Blockchain|BTC|Asia|Regulation
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Sony Develops Blockchain Solution for Rights Management with Internal Partnerships

cointelegraph | 10-15-2018

Sony’s internal partnership with Sony Music Entertainment Japan and Sony Global Education will work on solving rights management falsification through blockchain

Categories: Blockchain|Asia
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Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator

ccn | 10-15-2018

The outgoing chairman of Hong Kong’s securities regulator has – unlike China – ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission (SFC) is drawing plans in reaction to the growing appetite for cryptocurrencies like bitcoin among retail investors and traders – by regulating theThe post Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator appeared first on CCN

Categories: Asia|BTC|Regulation|Business
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PBoC's Digital Currency Chief Departs to Lead Securities Clearing House

coindesk | 10-15-2018

The former chief of China's central bank digital currency initiative has left the role to lead the country's central securities clearing house.

Categories: Asia|Fiat
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Hong Kong’s Security Watchdog to Propose Crypto Regulation, Chairman Says

cointelegraph | 10-15-2018

The chairman of Hong Kong’s securities watchdog — who is about to retire — announces possible regulation for crypto exchanges

Categories: Asia|Regulation
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Epoch Partners Limited Launches First Crypto IPO

financemagnates | 10-15-2018

Subscriptions for the fund will be capped at 100 billion Yen, which translates to around $900 million.

Categories: Asia|Fiat
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Major South Korean cryptocurrency exchange sells nearly 40% of its shares

cryptonewsreview | 10-15-2018

Bithumb looks to bounce back from a tricky year, by raising some $350m through selling a large stake in itself… A sizeable deal has been put together in South Korea, centring on the cryptocurrency exchange Bithumb. Bithumb is one of the area’s most prominent exchanges, and it’s been revealed that at the end of last […]The post Major South Korean cryptocurrency exchange sells nearly 40% of its shares appeared first on CryptoNewsReview.

Categories: Exchange|Asia|Blockchain
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Cryptocurreny Market Update: Only Hardcore Hodlers Still in The Game

newsbtc | 10-15-2018

FOMO Moments Monday markets are looking red; XRP and Dash sliding, Tron and Tezos holding ground. Monday morning in Asia is a red one in crypto land as markets slide further back. There have been no more major selloffs, however, and losses are marginal. Total market capitalization is still in the $200 billion range. Bitcoin...The post Cryptocurreny Market Update: Only Hardcore Hodlers Still in The Game appeared first on NewsBTC.

Categories: Market|Altcoin|XRP|DASH|Asia
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Korean Government Expected to Announce ICO Stance in November, Official Says

bitcoin.com | 10-15-2018

The South Korean government is expected to announce its position on initial coin offerings in November, according to a high-ranking official. The decision will follow the outcome of the survey which the country’s Financial Supervisory Service recently sent out to domestic blockchain companies. Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision […]The post Korean Government Expected to Announce ICO Stance in November, Official Says appeared first on Bitcoin News.

Categories: BTC|ICO|Blockchain|Asia|Regulation
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Bitmain Adds 5 New Billionaires to China’s Wealthiest List

bitcoinist | 10-14-2018

China’s latest rich list for 2018 sees five billionaires joining China’s wealthiest for the first time thanks to Bitmain’s market lead on cryptocurrency mining. The Hurun Research Institute 2018 Hurun Rich List now includes Bitmain’s founders, CEO and Vice President. The five have a combined wealth equalling nearly $9 billion USD. Bitmain Billionaires Though Jihan Wu is the name most associated with Bitcoin, co-founder Ketuan Zhan is the largest shareholder of Bitmain. Wu owns 20.25Read MoreThe post Bitmain Adds 5 New Billionaires to China’s Wealthiest List appeared first on Bitcoinist.com.

Categories: Mining|BTC|Market|Asia|Regulation
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Exclusive Interview with Caspian CTO Gerrit van Wingerden

cryptoglobe | 10-14-2018

Gerrit van Wingerden, the co-founder and chief technical officer (CTO) of Caspian, a comprehensive digital asset management solution provider, shared some valuable insights with CryptoGlobe at the Consensus: Singapore 2018 Conference.

Categories: Asia|Trading
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China Threatens Overseas Tax Havens, Will Investors Flock to Crypto?

ccn | 10-14-2018

Since early 2018, the government of China has tightened policies targeting millionaire investors in the country holding their wealth overseas to avoid large taxes, and it may lead local investors to alternative assets like crypto. Chinese investors rely on the Swiss offshore banking industry, Hong Kong real estate market, and foreign stock markets to hoardThe post China Threatens Overseas Tax Havens, Will Investors Flock to Crypto? appeared first on CCN

Categories: Business|Asia|Regulation|Market|BTC
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Exposed: Bitcoin Scam Used New Zealand’s Prime Minister as an Endorsement

ccn | 10-14-2018

New Zealand’s Prime Minister, Jacinda Ardern, is the latest high-profile individual to be used in perpetuating a cryptocurrency scam. According to the Prime Minister’s office, various ads bearing her image have appeared on social media network Facebook with the intention of persuading citizens of the Asia Pacific country to invest in a cryptocurrency startup. ToThe post Exposed: Bitcoin Scam Used New Zealand’s Prime Minister as an Endorsement appeared first on CCN

Categories: BTC|Asia
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Study Argues Chinese Mining Centralization Poses Threat to Bitcoin Network

bitcoin.com | 10-14-2018

A joint study conducted by Princeton University and Florida International University has found three-quarters of Bitcoin mining is based in China and warned of the potential risks that could result from the significant geographical centralization of the mining network. Also Read: Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders  Researchers Argue China is the “Most […]The post Study Argues Chinese Mining Centralization Poses Threat to Bitcoin Network appeared first on Bitcoin News.

Categories: Mining|BTC|Asia
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Boxing Legend Manny Pacquiao’s Cryptocurrency Could Launch This Year

ccn | 10-14-2018

Manny Pacquiao’s long-awaited cryptocurrency could launch by the end of the year. According to a StraitsTimes report, Singapore based Global Crypto Offering Exchange (GCOX) is in charge of the launch of the Pac Tokens, the cryptocurrency that leverages on the popularity of the Philippine boxing legend. The news outlet quoted GCOX chief communications officer Evan Ngow whoThe post Boxing Legend Manny Pacquiao’s Cryptocurrency Could Launch This Year appeared first on CCN

Categories: ICO|Exchange|Asia
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Coinbase Welcomes Stricter Cryptocurrency Laws in Japan

livebitcoinnews | 10-14-2018

Coinbase says it isn’t worried by Japanese regulators working to strengthen the country’s cryptocurrency regulatory framework. The virtual currency exchange platform also believes that it would soon obtain approval from Japan’s Financial Services Authority (FSA). Robust Cryptocurrency Laws are Good for Business In a recent interview with the Nikkei Asia Review, Coinbase chief policy officer,...The post Coinbase Welcomes Stricter Cryptocurrency Laws in Japan appeared first on Live Bitcoin News.

Categories: Asia|BTC|Exchange|Business
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Christie’s to Test Blockchain Technology in Upcoming Auction

livebitcoinnews | 10-14-2018

Disruptive technology comes to the art industry once again as British auction house, Christie’s, partners with blockchain-based Artory for an upcoming sale. Blockchain’s ability to store immutable and permanent data makes it a great tool for record keeping. Major retailers are using the technology and so is the art world. In fact, Live Bitcoin News...The post Christie’s to Test Blockchain Technology in Upcoming Auction appeared first on Live Bitcoin News.

Categories: Technology|BTC|Blockchain|Asia
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Bitfinex Banking Scares Continue, Bitcoin Premium Skyrockets, Tether Dumps

newsbtc | 10-13-2018

Since the establishment of the first crypto-to-fiat platform, exchanges have been subject to intense scrutiny from banks, regulators, and most importantly, the consumers and investors themselves. Despite its veteran status in this nascent industry, Bitfinex isn’t exempt from this scrutiny, as a few too many controversies have rocked the Hong Kong-based startup over its near-six-year history. Reports...The post Bitfinex Banking Scares Continue, Bitcoin Premium Skyrockets, Tether Dumps appeared first on NewsBTC.

Categories: BTC|Exchange|USDT|Asia|Business
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Top Mining Pool ViaBTC Raises $30 Million in Little Over 2 Hours Through ICO

cryptoglobe | 10-13-2018

Recently, one of the biggest cryptocurrency mining pools in China, ViaBTC finished its first high-value initial coin offering (ICO), using the Wormhole protocol and the bitcoin cash (BCH) blockchain.

Categories: Mining|ICO|Blockchain|BTC|Asia
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Cryptocurrencies Take a Beating as Stocks Slump With Rising US–China Tensions

blokt | 10-13-2018

The stock markets are going through carnage on both sides of the Atlantic. Tensions between the US and China and concerns over a full-blown trade war between them are making central banks take precautionary measures. Now equities do not have a stimulus to keep pushing prices higher. The impact is a slump in global stock […]Cryptocurrencies Take a Beating as Stocks Slump With Rising US–China Tensions was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: Market|Asia|Business|BTC|Blockchain
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South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium

bitcoin.com | 10-13-2018

The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb. Also read: 160 Crypto Exchanges Seek to Enter […]The post South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium appeared first on Bitcoin News.

Categories: BTC|Exchange|Asia|Trading
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Japanese Exchange Takeover: Zaif Transfers All Crypto Services to Fisco

bitcoin.com | 10-12-2018

Japanese crypto exchange Zaif has concluded a business transfer agreement with another regulated crypto exchange in Japan. Fisco Cryptocurrency Exchange will take over all of Zaif’s services and will be responsible for repaying users who lost their coins when Zaif was hacked last month. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals […]The post Japanese Exchange Takeover: Zaif Transfers All Crypto Services to Fisco appeared first on Bitcoin News.

Categories: Exchange|BTC|Asia|Market|Business
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Singapore-based Blockchain Consortium Buys Majority Share in Bithumb

bitcoinmagazine | 10-12-2018

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet.BK Global Consortium is a blockchain investment firm under BK Global, a Singapore plastic surgery medical group owned by Kim Byung-Gun. The Consortium had held a minority position in Bithumb for a while and was the exchange's fifth largest shareholder until today's announcement.The new deal will see the consortium acquire a “50 percent plus one share” of the holdings of Bithumb's largest investors, BTC Holdings Company. The move, once finalized, would give the Consortium a controlling stake and make Kim the largest shareholder of Bithumb.Bithumb is presently the largest digital asset platform in South Korea by trading volume. South Korea emerged as one of the hottest spots of the crypto market last year. Investors were so crypto-hungry that they had to pay a premium on every digital currency they purchased compared to investors in other parts of the world.The Consortium, under the leadership of Kim, has plans to create a stablecoin for the exchange in the near future, according to the news outlet. There are also plans to launch a global decentralized crypto exchange (DEX) in partnership with blockchain firm One Root Network and a blockchain e-commerce payment system with the aim of redu...

Categories: Blockchain|Exchange|Asia|Business|BTC
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South Korea Stands Firm: Won’t Legalize ICOs For Now

bitcoinist | 10-12-2018

South Korea stood its ground on the matter of legalizing initial coin offerings (ICOs), reaffirming the ban that the country instituted last fall. ICO Ban Stands The Financial Services Commission (FSC) – South Korea’s top financial regulator — reaffirmed October 11 that the country will maintain its position on initial coin offerings and keep them outlawed. South Korea banned ICOs last September. Speaking to a Parliamentary audit meeting, the Commission’s Chairman Choi Jong-ku said that theRead MoreThe post South Korea Stands Firm: Won’t Legalize ICOs For Now appeared first on Bitcoinist.com.

Categories: ICO|Asia|Blockchain
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Two Yen-Backed Stablecoins in the Works, Hong Kong and Australian Dollar-Backed Coins Could Happen Next

blokt | 10-12-2018

With the volatility of the crypto market, it’s hardly surprising that people are using cryptocurrencies backed by fiat currencies, also known as stablecoins. One of the most popular among these new breeds of tokens is Tether, a stablecoin where every token is backed by one US dollar. But some crypto firms are now thinking that […]Two Yen-Backed Stablecoins in the Works, Hong Kong and Australian Dollar-Backed Coins Could Happen Next was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: Asia|ICO|Fiat|BTC|USDT
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China Influences Cryptos, Like It or Not!

blokt | 10-12-2018

Researchers from Princeton University and Florida International University are showing a new picture of Bitcoin’s misty world. Ben Kaiser, Mireya Jurado, and Alex Ledger teamed up to analyze the Chinese influence on cryptocurrency’s poster child — Bitcoin. The Asian socialist regime, which extensively monitors its Internet and has remained relatively negative on the scope of […]China Influences Cryptos, Like It or Not! was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: BTC|Asia|Blockchain|Wallet
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Bitmain and Binance heads feature among list of richest Chinese citizens

cryptonewsreview | 10-12-2018

The 20th annual incarnation of the Hurun Research rich-list sees some of the biggest names in Blockchain take a place among the ranking of the wealthiest Chinese citizens This year, blockchain is being trumpeted as the fastest-growing industry sector on the list, which has seen the biggest drop ever in the number of individuals features. […]The post Bitmain and Binance heads feature among list of richest Chinese citizens appeared first on CryptoNewsReview.

Categories: Exchange|Blockchain|Asia
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China’s richest list now includes 13 crypto entrepreneurs

coinnounce | 10-12-2018

Published on CoinnounceThirteen crypto marketers have made it to China’s richest listing, with Micree Zhan Ketuan, Bitmain’s co-founder, making it to top one hundred at a net well worth of 29.five billion yuan or $4.28 billion. Jihan Wu, the Bitmain co-founder, ranks 204th richest man in China at a net well worth of sixteen.four billion yuan ($2.39 billion). Zhao Changpeng, Binance CEO, who has a net really worth of 15 billion yuan ($2.18 billion) makes him the 230th richest character in China. […]The post China’s richest list now includes 13 crypto entrepreneurs appeared first on Coinnounce.

Categories: Asia|BTC|Exchange|Altcoin
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South Korean Plastic Surgeon Has Just Bought World’s Third Largest Crypto Exchange

cryptopotato | 10-12-2018

TL;DR • Bithumb, the largest cryptocurrency exchange in South Korea, was just sold to a new owner. • The exchange’s new owner is BK Global Consortium, led by a known plastic surgeon from Singapore, Dr. Kim Byung-gun, who has acquired Bithumb for W400 billion. • Due to this move, BK Global Consortium is now Bithumb’s […]The post South Korean Plastic Surgeon Has Just Bought World’s Third Largest Crypto Exchange appeared first on CryptoPotato.

Categories: Exchange|Asia
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South Korean Plastic Surgeon Acquires Bithumb Cryptocurrency Exchange for $353 Million

livebitcoinnews | 10-12-2018

News coming out of the local media in South Korea indicate the sale of Bithumb to BK Global Consortium. Bithumb is one of the largest cryptocurrency exchange platforms in the market, while BK Global is a Singapore-based firm. Details of the Sale According to Yonhap News Agency, BK Global has acquired Bithumb – the largest...The post South Korean Plastic Surgeon Acquires Bithumb Cryptocurrency Exchange for $353 Million appeared first on Live Bitcoin News.

Categories: Exchange|BTC|Market|Asia|Trading
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$350 Million: Singapore Consortium Gains Majority Stake in Korea’s Biggest Bitcoin Exchange

ccn | 10-12-2018

South Korea’s largest cryptocurrency exchange by trading volume, Bithumb, has seen a  Singapore-based blockchain consortium become its majority owner in a $350 million deal. BTC Holdings Company, which was Bithumb’s biggest stakeholder until Thursday with a 75.99% stake finalized an agreement to sell 50 percent plus one stake for 400 billion won (approx. $352 million)The post $350 Million: Singapore Consortium Gains Majority Stake in Korea’s Biggest Bitcoin Exchange appeared first on CCN

Categories: BTC|Exchange|Asia|Blockchain|Trading
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Crypto Roundup - 12 October 2018

cryptoglobe | 10-12-2018

Five coins from the top 10 coins by 24-hour volume posted positive changes, ranging from 0.39% to 7.02%. Crypto.iq responds to Genesis vision’s restriction of US users. Singapore to help local cryptocurrency startups get banking services.

Categories: Asia