Posted Date: August 15, 2018
Kingdom of Saudi Arabia (المملكة العربية السعودية) regulators issued a statement this week through its monetary authority. Cryptocurrencies such as bitcoin are illegal in the country. Citing “negative consequences” and “high risk,” the government believes it must protect subjects from themselves.   Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots Saudi Arabian Monetary Authority […] The post Bitcoin Illegal: Saudi Arabia Monetary Authority appeared first on Bitcoin News.

Posted Date: August 15, 2018
The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which […] The post SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token appeared first on Bitcoin News.

Posted Date: August 15, 2018
Playboy is reportedly suing a Canadian cryptocurrency firm for allegedly failing to integrate a “wallet that would support a range of cryptocurrencies across the company’s online media, digital and casual gaming businesses.” Playboy.tv was supposed to be the first of the company’s platforms to feature the new crypto wallet and payment options. Also read: Yahoo! Japan […] The post Playboy Sues Wallet Developer for Failing to Integrate Crypto Across Its Platforms appeared first on Bitcoin News.

Posted Date: August 15, 2018
In today’s edition of Bitcoin in Brief we cover stories about the stoners’ magazine High Times which dropped cryptocurrencies from its IPO, Binance launching its own academy, an institutional investors program by Kucoin and the Cash App expanding its crypto buying service across America. Also Read: An ICO Venture Is Trying to Take Over a […] The post The Daily: Stoners Drop Crypto From IPO, Binance Launches Academy appeared first on Bitcoin News.

Posted Date: August 15, 2018
An Abu Dhabi-based cryptocurrency investor has shared his story of having taken out a six-figure loan to finance virtual currency investments only to watch his portfolio lose 85 percent of its value. The investor has shared his story in the hope that it can serve as a lesson to others. Also Read:High-Profile Thai Crypto Case: […] The post Trader Gets Six-Figure Loan to Buy Crypto, Holdings Drop by 85% appeared first on Bitcoin News.

Posted Date: August 15, 2018
A new competitor is advancing on plans to enter the mining hardware market by the end of the year. Canadian company Squire Mining has raised almost $20 million to finance the design, development, and testing of a new ASIC chip and bitcoin mining rig. Squire also wants to set up its own crypto mining facilities. […] The post New Player to Offer Next Generation ASIC Chips This Year appeared first on Bitcoin News.

Posted Date: August 15, 2018
Many people lust for control. They need to control objects, animals, and people. This need for domination leads some to use violence to sate their urges. Their blind obedience to control unlocks a pathology that destroys their thinking faculties. It turns them into animals, driven by a fetish for control. In some ways, this need […] The post Curing the Disease of Control with Taoism and Crypto-Anarchy appeared first on Bitcoin News.

Posted Date: August 15, 2018
A high-profile crypto case involving a well-known actor and model has come to public attention in Thailand following the enforcement of the country’s crypto regulations. Over 5,564 BTC were reportedly stolen from a bitcoin millionaire. The alleged ringleader has fled to the U.S. Thailand’s main crypto regulator is cooperating with the police on the case. […] The post High-Profile Thai Crypto Case: Bitcoiner Lost Over 5,500 BTC – Ringleader Fled to US appeared first on Bitcoin News.

Posted Date: August 15, 2018
Could we soon see a token-backed project listed on one of the biggest equity venues in the world? An Asian ICO venture is reportedly trying to take over a Tokyo Stock Exchange listed firm, which would effectively make it a public company. Also Read: Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China […] The post An ICO Venture Is Trying to Take Over a Tokyo Stock Exchange Listed Company appeared first on Bitcoin News.

Posted Date: August 15, 2018
A growing number of governments and central banks around the world are looking to the possibility of issuing their own digital coins these days. The latest financial institution to join this trend is the Caribbean central bank of Curaçao and Sint Maarten. Also Read: Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China […] The post Caribbean Central Bank Explores Issuing Its Own Digital Coin appeared first on Bitcoin News.