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Ripple’s Huge New Partner In Japan
The cryptocurrency world is finally starting to look beyond Bitcoin. This is definitely the case in Japan, where a consortium of domestic banks have announced a new mobile app that will allow customers to make payments using the cryptocurrency ripple. In this article, we’ll take a look at what this move could mean for the value of ripple and the acceptance of cryptocurrencies as a means of exchange. What does major bank backing mean for crypto currency value? Put simply, the backing of major financial institutions will increase demand for any cryptocurrency which should, in theory, increase the value of that currency since...
Japanese Cryptocurrency Exchanges to Establish New Self-Regulating Body
Japan’s two major cryptocurrency organizations will merge and form a new self-regulating body, the Japan Cryptocurrency Business Association (JCBA) and Japan Blockchain Association (JBA) said on March 2. The move comes amid deepening discussions about stronger regulations, and was triggered by Japanese cryptocurrency exchange Coincheck Inc.’s loss of massive amounts of NEM coins in late January. The agreement on forming the new body was made by 16 cryptocurrency exchanges that have completed registration with the Financial Services Agency (FSA). However, the new body will not include exchanges such as Coincheck, whose applications are pending. Currently, details are unclear regarding the...
New Bitcoin Embassy Opens in the United States
A mooted Bitcoin Embassy is the first of its kind, since an early attempt in New York City, for a bitcoin gathering place. It was American Institute for Economic Research (AIER) Editorial Director Jeffrey Tucker who had a revelation of sorts to establish a Bitcoin Embassy in the United States. The idea is to bring cryptocurrency enthusiasts together. Promising a welcoming environment staffed by people who can help with wallet recovery, other folks who’re curious about a new technology, seminars, and even a place for Dilly Dilly and wine, this could be the start of something big. Sponsored Bitcoin...
Bitcoin rises above US$10,000, strategist sees new high by July
Bitcoin rose above US$10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit around mid-December. NEW YORK: Bitcoin rose above US$10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December. Bitcoin has been buffeted this year by a series of negative headlines centering around increased scrutiny by global regulators. There has also been the incidence of hacks on exchanges, the...
A Prosperous Future Awaits New Verge (XVG) Investors
Verge (XVG) is the only coin that went 800% high in the shortest time span. The prices went up after John McAfee tweeted to clear ongoing rumors. It is a decentralized digital currency. In the latest headlines, the firm has been mobilizing its fans to vote on twitter polls to help it be listed on sites. Through their official Twitter page, they said that people were not only voting for the Verge but their cryptocurrency future. For this reason, you will find how the twitter polls went. Besides, if you have been looking for the latest XVG news, then you...
Bitcoin Sees Bull Reversal Ahead of Chinese New Year Holiday
Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up to the event. Boosting such fears this year is bitcoin's (BTC) recent inability to move above $9,000 in a convincing manner. Since Feb. 10, the cryptocurrency has been restricted to a narrow range of $8,000 to $9,000, shows CoinDesk's Bitcoin Price Index (BPI). Still, historical data indicates...
New Crypto Exchanges Launch in South Korea Despite Lack of Fiat Deposits
A number of new cryptocurrency exchanges are launching in South Korea despite being unable to provide full service due to regulatory challenges. Since the Korean government enforced the real-name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country’s four largest crypto exchanges. Exchanges Undeterred by Regulations South Korean regulator talking about the real-name system. A number of new cryptocurrency exchanges are opening in South Korea despite regulatory uncertainty and the inability to accept fiat deposits. The challenge comes from the new system, enforced on January 30, which requires cryptocurrency traders to use real-name accounts to deposit money...
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