Malta registered Huulk allows the trade of commodities, stocks and sharia compliant products. It aims to partner with several European exchanges in the coming weeks. On Monday, as per Ibrahim Mohammed, the Chief Executive of Huulk, a new digital exchange has been launched aimed at listings financial technology firms which are sharia compliant. The development…
Backed by financial firms and wealthy individuals, venture capital funds have already partially replaced the role played by retail investors, thus cementing the role played by blockchain technology and cryptocurrencies in the coming future. On Friday, Singapore-based Golden Gate Ventures, a venture capital firm, stated it will launch a $10 million fund, called LuneX Ventures,…
Of the 250 banks that earlier allowed companies to transact in cryptocurrencies, only two are active. While much of the business has gone to Liechtenstein, Swiss authorities are bent on taking back the crown. Regulators in Switzerland are stepping up their efforts to halt the exodus of cryptocurrency projects from the country. Currently only two…
Hackers stole $31.5 million from Bithumb, the 6th busiest cryptocurrency exchange in the world. According to a notice put up by Bithumb on its website on Wednesday, it has stopped all of its trading activities after it ascertained that “some cryptocurrencies worth about [$31.5 million] 35 billion won has been seized between late yesterday and…
The hack occurred over the weekend. Coinrail has temporarily suspended trading in the virtual currency exchange. On Monday, with Coinrail, a South Korean cryptocurrency exchange, disclosing that it was hacked during the weekend, there followed an extended sell-off of bitcoin which saw it touch its 2-month low. In recent given the number of hacks involved…
As a first step, cryptocurrency providers in Australia will have to register themselves with AUSTRAC and comply with KYC norms. On Wednesday, in a move aimed minimizing the risks surrounding cryptocurrencies, Australia has brought the country’s cryptocurrency providers under the purview of its financial intelligence unit, so as to monitor and take necessary action against…
Coincheck’s heist earlier this year saw Japan becoming the first country in the world to regulate the cryptocurrency industry. The potential acquisition of Coincheck by the Monex Group would bring it in the leagues of larger players such as Money Partners Group and the GMO Internet Inc.
This policy will be effective from July 1, 2018. On Wednesday, Alphabet Inc’s Google stated starting from June it will ban advertisements for cryptocurrencies and related content including binary options, and financial services that aid betting. In a separate blog post, Google said in 2017 it had taken down 3.2 billion ads, up by nearly…
The ruling will enable the U.S. Commodity Futures Trading Commission (CFTC) to regulate cryptocurrencies and make make fraudsters more accountable for their actions. In a landmark ruling, U.S. federal judge Jack Weinstein ruled that virtual currencies, including bitcoins, can be regulated as commodities by the U.S. Commodity Futures Trading Commission (CFTC). The ruling allows the…
Singapore aims to be the top Asian hub for cryptocurrencies and ICOs. On Thursday, an official from Singapore’s central bank stated that it is in the process of assessing whether additional regulations will be required in order to protect cryptocurrency investors. Singapore is aiming to be the top hub for financial technology and ICO offerings…
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