Posted Date: September 19, 2018
Kenya’s central bank has penalized five major commercial banks for handling stolen state funds in the corruption scandal involving the country’s National Youth Service and Ministry of Devolution and Planning. In addition, the banks’ CEOs and employees could face arrest, fines, and jail time. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals […] The post Five Major Banks Penalized in State Funds Theft Case in Kenya appeared first on Bitcoin News.

Posted Date: September 19, 2018
If the huge amount of BTC locked in the wallets of long-term investors is anything to by, bitcoin’s nascent adopters are in no hurry to cash out. Many of the coins accrued and stored in the cryptocurrency’s earliest days have yet to move. Also read: BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for […] The post 55% of All BTC Is Parked in Whale-Sized Wallets appeared first on Bitcoin News.

Posted Date: September 18, 2018
BUDAPEST (SEPTEMBER 18, 2018) -- INLOCK, a crypto lending platform where licensed lenders can compete for borrowers who want to use their cryptocurrency as collateral for loans, announced today that it has signed a Memorandum of Understanding (MoU) with an institutional lending provider and entered a partnership with one of the Central and Eastern European Countries (CEE) region’s biggest crypto ATM manufacturers to test its Minimum Viable Product (MVP). The company launched the ICO for its ILK token on September 15, the anniversary of the Lehman Brothers collapse. The post PR: INLOCK Signs MoU with Institutional Lending Provider – Partners with Major CEE Crypto ATM Manufacturer to Test Its Platform appeared first on Bitcoin News.

Posted Date: September 18, 2018
Journalist Logan Kane of Seeking Alpha conducted a deep dive on the practices of popular stock and cryptocurrency trading smartphone application Robinhood. According to Mr. Kane, “it seems that today’s Robinhood takes from the millennial and gives to the high-frequency trader. Not only does Robinhood accept payment for order flow, but on a back-of-the-envelope calculation, […] The post Robinhood Accused of Taking from Younger Investors to Benefit Wall Street Traders appeared first on Bitcoin News.

Posted Date: September 18, 2018
The bitcoin security specialists Wizsec has recently explained to the public that the wallet that held more than 111,000 BTC did not derive from the Silk Road marketplace, and it’s also not one of the Mt Gox wallets. Further Wizsec detailed today that a recent article had quoted the organization by cherry-picking quotes which in […] The post Security Specialist Wizsec Gives Insight on the Billion Dollar BTC Wallet appeared first on Bitcoin News.

Posted Date: September 18, 2018
Two major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals […] The post Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders appeared first on Bitcoin News.

Posted Date: September 18, 2018
When societies discuss cryptocurrencies, the argument that the decentralized and unregulated nature of the crypto space leaves the door open to abuse, like money laundering and financial fraud, is often put forward by officials and authorities. However, a string of cases involving precisely these sins, and many, many banks, show that regulations are largely ineffective […] The post More Banks Sanctioned for AML, Fraud-Related Violations appeared first on Bitcoin News.

Posted Date: September 18, 2018
If you’re planning to swap between cryptocurrencies, there is no shortage of options. Many people will use a centralized exchange such as Binance, but there are also non-custodial solutions such as Flyp.me. There are pros and cons to both models in terms of privacy, speed, and value for the money. The following review will focus […] The post Custodial vs Non-Custodial Crypto Swap: Which Offers the Best Exchange Rate? appeared first on Bitcoin News.

Posted Date: September 18, 2018
This week Bitcoin Cash (BCH) fans were pleased to hear another well-known merchant is now supporting BCH for payments. The South Korea-based food dispatch platform called Shuttle Delivery now accepts BCH for door-to-door meal deliveries throughout the Seoul region. Also read: Gemini Dollar Code Review Reveals the Stablecoin’s Accounts Can Be Frozen Food Service Shuttle Delivery in […] The post Seoul-Based Food Delivery Service Now Accepts Bitcoin Cash appeared first on Bitcoin News.

Posted Date: September 17, 2018
The northern part of the Australian state, Queensland, is bustling with cryptocurrency energ. The region is extremely passionate towards one specific decentralized peer-to-peer electronic currency — bitcoin cash (BCH).  Also Read: Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering North Queensland Bitcoin Cash Merchant Adoption Expanded 52% Last Month Over the last few months, […] The post North Queensland is Becoming a Hub of BCH Accepting Businesses appeared first on Bitcoin News.