Search Results for: digital currency
Japanese Financial Institution Set to Launch a Digital Currency Exchange
October 31st, 2016
Japanese financial services group SBI is set to launch a platform that enables the trading and exchange of virtual currencies, citing increasing interest in virtual currencies like bitcoin which is proving popular among everyday investors. An announcement reveals the new company to be ...
Korean Government to Commercialize Bitcoin, Digital Currency
October 25th, 2016
Financial authorities decided to institutionalize digital currencies such as Bitcoin. In addition, they are planning to ramp up the size of average annual policy finance to one trillion won from 500 billion won for the development of fintech. “We ...
MUFG is Using Digital Currency to Reward its Employees
October 20th, 2016
Mitsubishi UFJ Financial Group (MUFG), the parent company of the Bank of Tokyo-Mitsubishi UFJ, has embarked on a new digital currency trial through one of its subsidiaries. MUFG is conducting the test through a subsidiary called Kabu.com Securities Co, at which ...
Over 50 lawyers have formed the Digital Currency coalition
October 4th, 2016
Over 50 lawyers that focus on the legal issues facing digital currency users have formed a coalition to connect their users with pro bono legal resources. Organizations like the ACLU, the Institute for Justice, and the EFF have long ...
FCA UK issued a warning for trading with OneCoin digital currency
September 27th, 2016
FCA has issued a warning to inform that consumers should be wary of dealing with OneCoin, which claims to offer the chance to make money through the trading and ‘mining’ of virtual currencies. According to FCA, OneCoin markets itself ...
Innovator Launches New Digital Currency eQuid with a Focus on the Money System Side of the Coin
September 6th, 2016
eQuid will launch on select cryptocurrency exchanges in late fall 2016 after running a crowdfunding campaign to build support. When the currency is active on those exchanges, anyone with an account can purchase eQuid. Garth Wells, the founder of ...
Baidu’s Ban on Bitcoin Advertisement Will Affect Digital Currency Industry
September 1st, 2016
Bitcoin industry experts have predicted a drop in the growth of the online currency following Baidu’s decision to stop all bitcoin advertisements on its search engine platform. Last week, Baidu decided to take down not only bitcoin ads but ...
New digital currency Monero spikes after giving criminals more secrecy
August 30th, 2016
Forget Bitcoin. There’s a new digital currency that is surging as online drug-dealers begin adopting it to conduct business with more anonymity. The two-year-old currency Monero has more than quadrupled this month after gaining support from prominent websites that ...
UK Gambling Regulator Clarifies Digital Currency Rules
August 10th, 2016
The UK’s gambling regulator has clarified its rules for digital currencies. In an update to its codes of practice issued this July, the UK Gambling Commission (UKGC) outlined how licensees can implement appropriate policies for so-called cash equivalents, a ...
Digital currency Steem soars 1,000% in value in two weeks
July 13th, 2016
Currency behind social media website Steemit, in which users are rewarded or paid based number of ‘thumbs up’, has rocketed to more than $150m in value Steem, the digital currency behind the new social media website Steemit, soared more ...
