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South Korean Banks Drop Crypto Accounts as Government Plans a Ban

News South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies, prompting major banks in the country to declare they will no longer issue accounts required for crypto trading. South Korea’s top bitcoin exchanges are all effected, including Bithumb, Coinone, and Korbit. Banks that have made announcements i

Greek Supreme Court Rejects Extradition Appeal by BTC-e’s Alexander Vinnik

Regulation The Greek supreme court in Athens has rejected today the appeal by the suspected BTC-e operator Alexander Vinnik regarding his extradition to the United States. The way is now clear for the Greek justice minister to give the final verdict whether to extradite the Russian national to American authorities or not.Also Read: Tax Investiga

Starbucks Customer Has His Laptop Hijacked for Cryptocurrency Mining

News A Starbucks customer in Buenos Aires walked in for a coffee and wound up with more than he’d bargained. After connecting to the store’s free wifi, the man discovered that his laptop had been hijacked for cryptocurrency mining. Starbucks apologized for the failing, but not before malicious code had been installed on the customer’s computer.

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Digital Currencies vs. Cryptocurrencies, Explained

What are digital currencies?Digital currencies are money used on the Internet.Digital money exists only in the digital form. It doesn’t have any physical equivalent in the real world. Nevertheless, it has all the characteristics of traditional money. Just as classic fiat money, you can obtain, transfer or exchange it for another currency. You can use it to pay for the goods and services, such as

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That Business Is Absolutely on Fire, Nick Cowan Gives Thoughts on Crypto

Cointelegraph continues publishing interviews with prominent guests of BlockShow Asia 2017, that took place in Singapore in November 2017.This time we talked with Nick Cowan, managing director and founder of GSX, Gibraltar’s first regulated stock exchange. With his 30-years’ experience in the investment business and knowledge about the culture of business across the Eurasian continents, he is

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App Stores of Future Will Be Based on Blockchain, Promote Transparency

In 2017, app stores saw record revenues and downloads. Across both iOS and Android platforms, downloads grew by 15 percent year-over-year to reach nearly 50 billion worldwide, taking total revenue to $15 billion.Google Play and the Apple App Store are the most widely used mobile marketplaces across the globe. It’s because of this duopoly that they are able to impose a 30% cut on all purchases, a

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India: Officials “Survey” Nine Crypto Exchanges

Just a month after the Indian Supreme Court issued a warning to the financial interests of the nation, “surveys” have begun on nine of the country’s cryptocurrency exchanges. An undisclosed source explained to local news outlet DNA:“We are collecting the name of investors and their transaction details. The survey under Section 133A of the Income Tax Act, is being conducted for ga

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CFTC Chairman: Cryptocurrencies Are 'Unlike Any Commodity' We’ve Seen

Сryptocurrencies are one of the most challenging asset classes for the Commodity Futures Trading Commission (CFTC), according to a statement by Chairman J. Christopher Giancarlo. He also warned potential investors about the risks associated with cryptocurrencies and Initial Coin Offerings (ICOs).Notable partnershipThe chairman of the CFTC highly commended his Securities and Exchange Commission (S

How BitherCash Coin Is Revolutionizing P2P Cryptocurrency Transfers

Cryptocurrencies are slowly changing the world. Already, they have had a great impact on the financial sector. Due to the relative success of many established cryptocurrencies, like Bitcoin, Ethereum, Ripple, and Tether, more people are aware of cryptocurrencies and the benefits they offer. The community needs to capitalize on this enthusiasm to make cryptocurrencies more mainstream.  This ca

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Reserve Bank of Australia Will not Issue its own Digital Currency

Cryptocurrency markets are still a problem for most regulators and governments. It is evident this new form of money becomes a very real threat to any financial institution on the market. Reserve Bank of Australia governor Philip Lowe is concerned over this speculative mania surrounding Bitcoin and other cryptocurrencies. Such comments often fall on deaf ears, though, as everyone wants to strike i

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