After China, South Korea bans ICOs
The Financial Services Commission (FSC) of South Korea has released a statement in which they announced that all Initial Coin Offerings (ICOs) will be banned in the country. According to Reuters, South Korea’s FSC said on Friday that “it will ban raising money through all forms of virtual currencies.”
Ex Google and Facebook employees start a cryptocurrency index fund
Due to the lack of a proper investment platform for virtual currencies, Hunter Horsley, a senior project manager from Facebook, and Hong Kim, a Google veteran, decided to build a cryptocurrency asset management company.
Chinese bitcoin exchange hacked for $3 million
OKEx, a sister site of OKCoin, is a major bitcoin trading platform in China with customers from all over the world. Recently, a customer of OKEx reported that their account was accessed from a German IP when BTC-ETC trading was carried through it.
Chinese investors dominate bitcoin, companies gunning for blockchain
Quartz recently released a reported on how the bitcoin market in China has grown from a small-scale experiment to a billion-dollar market. The author reported that the Chinese government regulates the market so tightly that there is little room for speculation.
South Korean crypto community announce to act against ICO ban
A week ago, South Korean regulators announced that they will be banning all Initial Coin Offerings (ICOs). The ban has yet to be implemented and many startups have decided to take action against the call of regulators to ban ICOs.
China may legalize BTC exchanges but no funds for illegal activities
After the recent crackdown on ICOs, China’s official press agency released another statement in which it condemned the use of virtual currency in illegal activities.
BlackRock CEO considers cryptocurrency an opportunity
While talking to Bloomberg TV, Larry Fink, the CEO of BlackRock, says that he is a big believer in cryptocurrency.
R3 launches Corda – Distributed Ledger 1.0
Roars of celebration could be heard around the office floor of R3 as the chief architect, Richard Gendal Brown, announced the release of their newest Corda distributed ledger platform.
JP Morgan executive compares bitcoin to air miles
Despite bitcoin’s massive success, prominent JP Morgan executive still remains critical. John Normand, head of FX and commodities at JP Morgan, recently explained his negative view of bitcoin on national television.
Bitcoin users warned to brace for future volatility
While bitcoin prices are predicted to soar up to $6,000 per BTC by the end of the year, experts have cautioned users to expect extreme volatility.
