Monday, 24 January 2022

Tag Archives: cryptocurrency

South Korean cryptocurrency regulator found dead in his home

BUSAN: One of the officials who helped South Korea’s regulatory changes on cryptocurrency, Jung Ki-joon, has been found dead in his home. Ki-joon was the head of economic policy at the Office for Government Policy Coordination, where he helped the efforts to mold a new legislation that would slow and ...

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Italian cryptocurrency exchange BitGrail loses $170 million

NEW YORK: One of the biggest problems with cryptocurrency exchanges is that they’re a juicy, enticing target for high-tech criminals. Case in point, Italian exchange BitGrail, which lost $170 million worth of Nano tokens, a little-known digital coin previously called RaiBlocks. BitGrail is the second exchange that lost of massive ...

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Lloyds has banned Bitcoin buys

LONDON: Lloyds bank has stopped credit card customers from buying bitcoin, amid concerns of a credit risk surrounding the cryptocurrency’s rapidly falling value. Coming into effect today, the ban applies to Lloyds Bank, Bank of Scotland, Halifax and MBNA. The currency has grown exponentially in the last year, peaking at ...

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Facebook bans cryptocurrency adverts

LONDON: Facebook has banned adverts for Bitcoin and other cryptocurrencies on its sites after recent criticism from users about scams and hoaxes being promoted in their newsfeed. The world’s biggest social network said such digital currencies are “frequently associated” with “deceptive promotional practices”. “Two of our core advertising principles outline ...

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Cryptocurrencies fall after hack hits Japan’s Coincheck

TOKYO: Cryptocurrencies fell Friday after Japan-based digital exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin, saying it had been hacked. Coincheck said it was investigating “unauthorised access” of the exchange that appeared to result in a loss worth half a billion US dollars of NEM, the ...

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China Escalates Crackdown on Cryptocurrency Trading

LONDON: China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned cryptocurrency exchanges last year, they’ve recently noted an uptick in activity on alternative venues. The government plans to block domestic access ...

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South Korea Plans Cryptocurrency Trading Ban

SEOUL: The end is here for bitcoin in South Korea, it seems, Government of the Asian nation has officially decided to ban cryptocurrency trading. Police and tax authorities have reportedly been raiding local exchanges on alleged tax evasion charges. The news dropped the price of bitcoin overnight, as South Korea ...

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Criminal underworld is dropping bitcoin for other cryptocurrency

JOHANNESBURG: Bitcoin is losing its lustre with some of its earliest and most avid fans – criminals – giving rise to a new breed of virtual currency. The value of certain privacy-focused digital currency like monero, designed to avoid tracking, have climbed faster over the past two months as law ...

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Israel Could Issue World’s First State-Backed Cryptocurrency

WEST BANK: The Bank of Israel and the country’s Finance Ministry are rumored to be weighing the possibility of issuing a state-backed cryptocurrency, according to an anonymous source with the ministry. While the central bank has been considering the plan for several months, the Knesset, Israel’s single-chamber parliament, would have ...

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