Regulation

ETH/USD Pair Analysis In recent times, the ETH/USD pair began a modest upsurge from the $150 support zone. The pair surged higher over the barriers at $155 and $160. A look at the pair’s hourly chart shows the formation of two major declining trend lines with barrier close to $161 and $165. The pair was able to form a swing high close to $163 and the pair fell heavily. The latest fall led to a break of the $150 support…

New Zealand financial watchdog has cautioned the public over a suspect Bitcoin investment scheme. In its statement issued on April 6, the Financial Markets Authority(FMA) raised a red flag on the "Profit Bitcoin" project. The FMA labeled the venture a get-rich-quick scam. Allegedly, the scheme dupes the public that it offers software having a 99.4% success rate in winning Bitcoin trades. False Narrative According to the FMA, the project's website has telltale signs of a con job. To begin with,…

Recently, the adoption of Russia’s major crypto law known as “On Digital Financial Assets” got finalized. Nevertheless, according to reports, Anatoly Askakov, the chairman of the Russian State Duma Committee on financial markets, said that the bill wouldn’t get adopted before the end of spring of 2020 due to the Covid-19 pandemic. Askakov claimed that the previous delays in the bill’s adoption occurred because of the disagreement on the new asset type between local authorities. He highlighted that the central…

Recently, Binance Academy announced the development of a blockchain research institute in China. Binance Academy is the educational arm of Binance crypto exchange. The blockchain research institute is known as Lingang Blockchain Technology and Industry Research Institute, which will serve as the hub for blockchain talent. Lingang Blockchain Research institute will shape breakthroughs in blockchain technology and speed up the application of blockchain technology. It will happen through integrations with artificial intelligence (AI), big data, Internet of Things (IoT), and…

The Russian government could soon create regulatory sandboxes for companies working on cutting-edge technologies like artificial intelligence and distributed ledgers. A Russian Federal Ministry has initiated legislation that would legalize crypto and its underlying blockchain technology within a particular regulatory jurisdiction. Local news reports say that the Ministry of Economic Development has assembled a draft law that will allow the testing of crypto and blockchain development within unique 'regulatory sandboxes.' A few days ago, the draft was introduced to the…

The coronavirus pandemic continues to ravage the global economy. Therefore, countries such as China and South Korea have instituted cash quarantines as strategic measures to mitigate its spread. This decision follows the World Health Organization (WHO) revelation that cash is a key medium for the virus'  transfer. Following The Trend Hungary is the most recent country to follow the trend. Local reports indicate that the country's central bank announced that it would be withdrawing billions of banknotes from circulation daily.…

Over €110,000 worth of confiscated bitcoin and other Crypto sa are to be auctioned by the Belgian Government. An announcement issued on Friday set this auction's date as the 24th of March 2020 at noon GMT. The duration of the auction shall be 24 hours, being online to enable this. About the Bitcoin Auction For the auction, crypto lots shall range from 0.25 bitcoin to 1 bitcoin. Bitcoin Cash and Bitcoin Gold are the other cryptocurrencies that will also be…

OKCoin is currently leading in digital asset exchange, and it operates in about 184 countries. OKCoin, on March 6th, announced the appointment of Tim Byun as OKGroup's GGRO (Global Government Relations Officer).  In similar changes, Hong Fang, OKGroup's current company chairman, was announced as the CEO, changes that will take effect on March 31st, 2020.  Mr. Byun's role in the creation of OKCoin, especially in the US, was excellent, with him propelling the company to launch its first US office.…

On the 24th of February 2020, Eric Demuth, Bitpanda’s CEO, referred to Bitcoin as Gold 2.0, the better version of gold. He spoke during the Blockchain Economy 2020 conference in Istanbul, Turkey. Demuth also spoke about Turkey as its first expansion hub outside the European Union. It is due to its high demand and other factors such as its geographical size, proximity, and cultural infinity. Comparing Digital Currencies with Precious Metals The Bitpanda Exchange trades Bitcoin and other precious metals,…