Huobi enters $93 million partnership with China-South Korea Blockchain Fund

World’s third largest cryptocurrency exchange platform in terms of trade volumes Huobi has entered into a $93 million China-South Korea investment fund for blockchain companies. According to China Money Network, Huobi, alongside Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom Securities Co., Ltd., will use the $93 million fund to invest in blockchain startups. It […]

Golix to raise $32million across Africa in GLX token sale

Zimbabwe’s biggest cryptocurrency exchange platform, Golix, is not relenting on its planned ICO sale to raise $32 million. The crypto platform isn’t exclusively focusing on Zimbabwe, rather expanding its token sale to other African countries like Kenya and Uganda sales of which is expected to take off this month. It’d be recalled that Golix’s Initial […]

Crypto trading giant Huobi launches Exchange-Traded Fund (ETF)

Multi Cryptocurrency trading platform Huobi Pro has just launched the first world cryptocurrency Exchange Traded Fund (ETF) aimed at giving crypto retail investors sense of belonging. Houbi made the announcement of its new product of Friday with the name HB10, which will allow investors to purchase shares in a basket of cryptocurrencies based on the […]

Bitconnect fraud: Indian Police to investigate stolen 2,000 bitcoin

Indian security authorities have launched a powerful investigation into the circumstances surrounding 2,0000BTC, which has been described as “BitConnect fraud” involving a bitconnect investor and the promoters of the now rested bitcoin investment platform. India’s Crime Investigation Department (CID) confirmed that the bitconnect investor Shailesh Bhatt allegedly defrauded BCC promoters as a way of paying them […]

GMO launches “CryptoChips” to enable users earn bitcoin

GMO Internet Group has launched a new mobile app “CryptoChips” on Apple Store and Google Play Store which enables users of the game to earn bitcoin simply by playing games. The Japanese technology firm said May 31, 2018 that the new app CryptoChips would initially be integrated with a real-time territorial battle game “Whimsical War” which was […]

Bithumb bans Cryptocurrency trading in North Korea, 10 others

Largest cryptocurrency exchange in South Korea Bithumb has banned trading of crypto coins in North Korea and 10 other countries. Bithumb cited money laundering concerns as reason for taking the ban action against residents of the affected countries. Apart from North Korea, other countries that won’t be able to use the cryptocurrency trading include Iran, Iraq, […]

Will Cryptocurrency Adverts appear in Russia 2018 Stadiums?

One question I’ve asked myself severally is: will the organising committee of the 2018 FIFA World Cup allow cryptocurrency adverts  show at all the Russian Stadiums that will be playing host to the largest soccer tournament? Over the last couple of months crypto enthusiasts have had to battle with different cryptocurreny  advertisements. While some of the […]

Fake ICO promoters arrested in China for alleged $47 Million fraud

Promoters of Pu’er Coin have been arrested by the Chinese law enforcement agency for cryptocurrency fraud, where they’ve raised millions of US Dollars from the market. They have been accused of defrauding 3,000 Chinese investors amounting to $47 million by selling Pu’er Coin, which they claimed was backed by a commodity, Guangdong Daily reports. The six suspects formed […]

Kenya to create special unit for Cryptocurrency related issues

Kenya’s Capital Markets Authority (CMA) is proposing the creation of a special unit to handle ICOs and cryptocurrency related issues. CMA Chief Executive Paul Muthaura said the unit would include all relevant regulators in the financial market in the country. This is found in Capital Market Soundness Report, “Staying the course in a Turbulent World of Increasing […]

Cryptocurrencies are real, JPMorgan Co-President Pinto says

Co-President of JPMorgan Chase Jerry Pinto knows that ‘cryptocurrencies are real, but he wants them really evolve to become a viable financial products. “Cryptocurrencies are real but not in the current form,” Pinto was quoted as saying by CoinTelegraph. The financial institution has been finding hard to ignore the digital sector since bitcoin boom and […]

Ripple launches Xpring to support businesses using XRP tech

#Cryptocurrency Ripple has launched an initiative called Xpring (pronounced as spring) that will provide investments and grants to entrepreneurs using the XRP token and the XRP ledger. “Ripple formed Xpring because it recognizes the vast, still untapped potential of the ledger and the asset for uses cases beyond the company’s focus: removing friction from global […]

Facebook resumes Cryptocurrency Ads

Facebook has resumed cryptocurrency-related Ads after four months of ban. It initially banned crypto ads amid fears of fraudulent activities allegedly being perpetrated via such promotions. Infobase.com.ng reported how the largest social media platform took the bold move at the end of January, 2018 banning all ads that promote cryptocurrencies, including bitcoin, and Initial Coin […]

Cryptocurrency trading in Korea to get more boost under new FSS boss

#Cryptocurrency | #SouthKorea | #Bitcoin Cryptocurrency may begin to enjoy trading atmosphere in South Korea just as the Financial Supervisory Service (FSS), the country’s primary financial regulator, is softening pedal on regulations. The new governor of FSS Yoon Suk-heun spoke shortly after his appointment was approved by President Moon Jae-in that he’d look at revising some regulations applied […]

Telegram cancels ICO after raising $1.7 Billion in presale

#ICO | #Telegram One of the World’s largest and secured messaging app Telegram has cancelled its intial plan of launching its public initial coin offering (ICO) after raising $1.7 billion. Telegram’s planned ICO was aimed to fund the development of its “third-generation blockchain.” The Wall Street Journal reports that Telegram determined that it is pleased […]

IMF Report: Cryptocurrency doesn’t pose financial risk

The latest report by the International Monetary Fund (IMF) says cryptocurrencies do not pose any financial stability risk. IMF expressed limited concerns about leveraged trading of cryptos, the integration of crypto-assets into mainstream products, and the cross-border character of the digital assets. IMF says: “It is impossible to know the extent to which crypto assets may […]