Posted Date: March 2, 2018
This week the institutional over-the-counter (OTC) digital currency service, Genesis Global Trading, announced it’s creating a lending subsidiary called Genesis Capital that will offer cryptocurrency loans for a fixed period of time. Also Read: More Infrastructure Support Joins the Bitcoin Cash Ecosystem Market Maker Lending Services Genesis Capital will be a new lending firm for institutional […] The post Genesis Launches Whale Sized Crypto-Loan Service appeared first on Bitcoin News.

Posted Date: March 2, 2018
Charts can reveal a lot about crypto assets. Past performance and future indicators can be gleaned at a glance, but there’s also a lot more that can be ascertained. A study of several of the most popular blockchains, including bitcoin and ethereum, has shown transaction velocity to have reached its lowest in years. Cryptocurrency is […] The post Transaction Data Suggests a Crypto Recession Is Brewing appeared first on Bitcoin News.

Posted Date: March 2, 2018
This week the popular cryptocurrency service Coinbase revealed a slew of announcements concerning certain aspects of the business. The exchange details its Segregated Witness (Segwit) rollout, plans to disable Paypal, new tax tools, and the hiring of 500 customer support agents. Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Segwit and […] The post Coinbase Reveals ‘Overhauled’ Changes and Tax Tools appeared first on Bitcoin News.

Posted Date: March 2, 2018
A Dutch multinational financial provider, Rabobank has announced the possible introduction of a ‘cryptocurrency wallet’ tethered to the company’s banking services. The news follows the bank’s recent ‘high risk’ profiling of account holders that participated in bitcoin trading.  Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Rabobank Investigates the Idea of […] The post Dutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet appeared first on Bitcoin News.

Posted Date: March 2, 2018
The Venezuelan government has made some new claims about the pre-sale of the country’s oil-backed cryptocurrency, the petro. After one week, President Nicolas Maduro said that the petro had raised $3 billion from 171,015 certified purchases, from investors in 127 countries. The majority of the orders were in dollars, followed by bitcoin and ether, according […] The post Venezuela Claims Petro Cryptocurrency Has Raised $3bn from Investors in 127 Countries appeared first on Bitcoin News.

Posted Date: March 2, 2018
Since coin claiming began at 09:00 GMT on 12 January 2018, the number of people registered at the Bitcoin Parallel website has skyrocketed. In order to maintain the Bitcoin Parallel Ecosystem, the Bitcoin Parallel Foundation has formulated a declining distribution rule. Bitcoin holders at block height of 507,000 receive BCP and BCPC at BTC: BCP = 1: 1, BTC: BCPC = 1: 1,000. But since 09:00 GMT on 13 February 2018, the distribution rate decreased by 2% every 24 hours. After being decreased to 50%, the distribution rate would then enter into a second phase, decreasing by 1% every week—until it becomes zero. The post PR: Bitcoin Exchanges: Please Help Your Users Claim BCP and BCPC as Soon as Possible appeared first on Bitcoin News.

Posted Date: March 2, 2018
The Thai government is concerned with the growing number of companies in Thailand racing to launch their initial coin offerings ahead of regulations. This has prompted the country’s regulators to hurry with the regulatory framework for token sales, ahead of cryptocurrency regulations. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten ICOs Growing in Popularity […] The post Thai Regulators in Race With Growing Popularity of Token Sales appeared first on Bitcoin News.

Posted Date: March 2, 2018
The State Financial Monitoring Service of Ukraine has published its official position on crypto matters. While offering some borrowed definitions of terms like virtual currency and mining, the agency notes that changes to the legal status of cryptocurrencies in the country are expected. Also read: Uzbekistan to Legalize Bitcoin and Support Developers Due Diligence In […] The post Ukraine’s Financial Watchdog Clarifies Stance on Cryptos appeared first on Bitcoin News.

Posted Date: March 2, 2018
There are over 100 companies reportedly waiting for the Japanese Financial Services Agency to approve their registrations to operate cryptocurrency exchanges. While only 16 exchanges are fully licensed in Japan, the agency has allowed another 16 to operate without a license for the time being. However, going forward, only those with sufficient safety and customer […] The post Over 100 Firms Seek Licenses to Operate Cryptocurrency Exchanges in Japan appeared first on Bitcoin News.

Posted Date: March 1, 2018
It appears that the allure of free electricity and computer systems, courtesy of the tax payers, might be too hard for some government workers all over the world to resist. After it was recently revealed that Russian nuclear scientists were arrested for mining bitcoin on the job, now it is reported that American IT staff […] The post Louisiana Attorney General Fires IT Staff for Allegedly Mining Bitcoin appeared first on Bitcoin News.