Exclusive Articles - Cryptonews (Page 197)

Bitmain Raises USD 400 Million in Pre-IPO – Report

Chinese mining rig manufacturing giant Bitmain has reportedly already raised USD 400 million in their pre-IPO, which would have brought the company’s valuation at USD 12 billion, according to Chinese local media citing insiders.The report, according to regional media outlet China Money...

, by Sead Fadilpašić

It’s Getting Hot in Kenyan Blockchain and Crypto Scene

A flurry of blockchain technology and cryptocurrency-related developments are taking place in Kenya, with the country this month welcoming its first Bitcoin ATM.The machine has been installed in Nairobi, and becomes one the first such devices to operate in East Africa. Investors can use the device...

, by Tim Alper

Robinhood May Be Coming for Coinbase

The California broker known for pioneering free stock-trading Robinhood is stepping even further into the cryptoverse. Coinbase, one of the largest crypto exchanges, should be worried the most, according to the industry experts. According to a job advertisement, Robinhood is looking for developers...

, by Sead Fadilpašić

Mitsubishi UFJG’s Investment Arm Hints at Possible Crypto Business

The President of Mitsubishi UFJ Securities, the securities and investment banking arm of Japanese financial giant Mitsubishi UFJ Group, has suggested that his company could begin offering cryptocurrency-related products.The president, Saburo Araki, told media outlet Sankei Biz that there is a...

, by Tim Alper

Poland’s Heavy Crypto Tax Policy “Temporarily Abandoned”

Imposing the Polish “Civil Law Transactions Tax” (PCC) on all cryptocurrency transactions is not as viable as their government officials used to believe. Deputy Finance Minister Paweł Gruza said that the Ministry of Finance accepts the “irrational effect” of the PCC on...

, by Sead Fadilpašić

Kenyan Think Tank Proposes Crypto Solution for Small Businesses

A Kenyan government think tank has opened the door for possible crowdfunding and cryptocurrency use by its small and medium sized enterprises (SMEs) sector – and says it has spoken to the country’s central bank about the issue.Per a report in Kenyan newspaper the Daily Nation, a...

, by Tim Alper

Huobi Steps up South Korea Expansion with University Deal

Huobi – once the biggest cryptocurrency exchange platform in China and the world – is continuing its relentless expansion into South Korea. Huobi Korea, which began trading in May, says it has struck a deal with the Blockchain Security Research Center at Korea University’s...

, by Tim Alper

SEC Sees No End to Complains About Coinbase

Coinbase, US-based cryptocurrency exchange, may sound like a trustworthy name in the cryptoverse, but recent allegations against it show it in a more sinister light: a series of complaints filed with the U.S. Securities and Exchange Commission (SEC) show multiple users claiming to have had issues...

, by Sead Fadilpašić

USD 1 Billion Under ICO Red Flag

Having reviewed documents produced for 1,450 initial coin offerings (ICOs), The Wall Street Journal reports finding 271 project with some sort of red flag, ranging from plagiarizations to fake teams. The red-flagged offerings have raised more than USD 1 billion total, while investors have so far...

, by Sead Fadilpašić

Thai Crypto Companies Hope to Change ‘Improper Tax Measures’

Thailand’s leading blockchain and cryptocurrency-related companies are set to meet finance ministry officials to discuss the government’s tax laws, amid fears high levels of taxation will force businesses abroad.Earlier this month, the government rubberstamped a new decree requiring...

, by Tim Alper

BitBay Forced to Move to Malta Because of Polish Banks

BitBay, the largest cryptocurrency exchange in Poland, has decided to suspend its activities in the country - simultaneously starting business in the jurisdiction of the Republic of Malta, due to banks no longer cooperating with the exchange. The move was announced May 29th, and up to the end of...

, by Sead Fadilpašić

Japanese Regulator Rejects Exchange Application in Show of Force

Japan’s financial regulator, the Financial Services Agency (FSA), has flexed its muscles, throwing out an application for an operating license from long-running cryptocurrency exchange FSHO – the first time it has ever done so.The Yokohama-based exchange is one of the original 16...

, by Tim Alper

First Steps For Crypto Payments in Kenya

A Nairobi-based electronic goods retailer claims it has become the first vendor in Kenya to accept cryptocurrencies as a form of payment.Kenyan news outlet Business Daily reports that the 5-year-old company, Boxlight Electronics, has one shop and and an online store and distributes imported Chinese...

, by Tim Alper

Crypto Bikes May Hit The Road This Autumn

A range of cryptocurrency generating electric bikes from the UK bike specialist 50cycles is supposed to hit the market this Autumn, the company announced. It promises that riding on their bikes from the TOBA series will earn cyclists LoyalCoins in the amount of GBP 20 (USD 26) for every thousand...

, by Sumejja Muratagić-Tadić

Bithumb Hack: Chinese Hackers Blamed, S Korean Police Stumped

South Korean cyber police are still searching for clues – and are yet to make any significant breakthroughs – in the hunt for the perpetrators of last week’s USD 32 million hack on South Korean exchange Bithumb.Rumors have been circulating among South Korean crypto-communities,...

, by Tim Alper

Russian Parliament Approves First Readings of 3 New Crypto-laws

Russia’s parliament, the Duma, has overwhelmingly voted in favor of the draft cryptocurrency-themed On Digital Financial Assets bill, with 410 MPs voting in favor, and only one voting against, per media outlet Novaya Gazeta.According to the Duma’s official website, the Russian...

, by Tim Alper

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