Japan’s top securities regulator will warn cryptocurrency exchange Binance that it must cease operating in the country without a license or face enforcement action. Citing a person familiar with the matter, Nikkei reports that Japan’s Financial Services Agency (FSA) will issue a formal warning to Binance, which has allegedly begun expanding operations into Japan without permission from the regulatory agency. Continue reading Cryptocurrency Exchange Binance Faces Regulatory Pressure in Japan
Wildly-popular Ethereum application CryptoKitties has raised $12 million in a funding round led by venture capital firms Andreessen Horowitz and Union Square Ventures (USV). Continue reading CryptoKitties Raises $12 Million in Series A Funding
For the first time in history, the Chinese government and its central bank, the People’s Bank of China (PBoC), has opened its $27 trillion payment market to the world. Foreign firms are now allowed to apply for licenses to operate within China, competing against local service providers. Continue reading China Opens Doors to $27 Trillion Payments Market
Looks like the recent urge put forward by the head of the International Monetary Fund (IMF), to round the globe regulators, asking to crack down on cryptocurrencies, as they hold the potential to be a “major new vehicle for money laundering and the financing of terrorism,” actually worked. Continue reading What led to the fall of Bitcoin?
BITCOIN prices took a sensation following the shudder news of Facebook and Google will ban all cryptocurrency and initial coin offering (ICO) ads on its platform. Continue reading Bitcoin takes nosedive after Facebook and Google Policy