Category: news

Iran Central Bank Bans Domestic Banks from Cryptocurrency Dealings

Citing money laundering concerns, the Central Bank of Iran (CBI) has banned the country’s banks from offering services to crypto firms or dealing in cryptocurrencies. The CBI’s supreme committee, also in charge of curbing money laundering and fighting capital flight in Iran, has issued a circular prohibiting banks and financial institutions from transactions that enable

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IOTA Cofounder is Optimistic for the Cryptocurrency’s Future Amid Global Expansion

With bitcoin, ethereum and other big name digital currencies regularly making the news for their role in controversies and developments, it is often easy to overlook the rest of the cryptocurrency market, even those rising in prominence like as IOTA. With a market cap of around $5 billion, it is currently the eleventh most valuable

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South Korea: 20 Year Olds “Most Active” in Cryptocurrency Investment

South Korean news agency, Yonhap, has reported that according to a recent survey, people in their 20s are the front-runners in cryptocurrency investment. The results are not surprising – younger generations from all around the world prefer investing in this new industry rather than stocks and bonds. Korea Financial Investors Protection Foundation surveyed 2,530 people, between

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Venezuelan President Claims Petro Pre-Sale Raked in $5 Billion

Venezuelan President Nicolás Maduro claimed the pre-sale of the country’s oil-backed cryptocurrency, the Petro (PTR), has raised $5 billion and recorded over 186,000 certified purchases, according to local news source TeleSUR. The announcement came during a meeting with members of the United Socialist Party of Venezuela (PSUV), in Caracas. During the meeting, Maduro explained that

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Cryptocurrency Market Rebounds by $40 Billion, But Bitcoin and Ethereum Remain Volatile

The cryptocurrency market rebounded after dropping below $344 billion, losing over $100 billion within the past week. Although major cryptocurrencies like Ethereum have recorded gains over the past 24 hours, most cryptocurrencies have started to fall again. Bitcoin’s Volatility On March 10, bitcoin, Ethereum, and other major cryptocurrencies recorded over 10 percent in daily gains,

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South Korea’s Kakao to Integrate Cryptocurrency For 12,000 Merchants & Millions Users

Asia Business, an influential finance-focused media outlet in South Korea, has reported that Kakao, one of the two largest internet companies that operate KakaoTalk, KakaoPay, KakaoStory, KakaoTaxi, and a subsidiary company which runs major cryptocurrency exchange UpBit, will integrate cryptocurrency within 2018. Importance of Kakao An exclusive coverage released by Asia Business revealed that Kakao’s

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Bitcoin Exchange Prasos Falling out of Favor with Finnish Banks

Banks in Finland are turning down business with a large Nordic cryptocurrency exchange. Prasos, based in Finland, has now had four bank accounts closed and is now dependent on just one account. The platform exchanges cryptocurrencies for euros and relies upon banks for its service, but they’re becoming increasingly wary due to uncertainty regarding the

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Report Alleges Egyptian Government is Secretly Mining Cryptocurrencies on Citizens’ Devices

An investigation by The Citizen lab has found evidence that Egyptian authorities are mining cryptocurrencies on citizen’s computers and laptops. Using Internet scanning the researchers found deep packet inspection middleboxes on Telecom Egypt connections. Unencrypted traffic, (that uses http, not https) was redirected to browser cryptocurrency mining scripts. The researchers suggest this was done in order

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