TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Hong Kong police arrests 3 persons for stealing HK$226,000 from Bitcoin ATMs
Three men were able to withdraw cash from crypto ATMs by exploiting 'loopholes.'
· Technology
- Cryptocurrency derivatives exchange BitMEX implements KYC program
BitMEX will require all of the platform's users to go through its User Verification Programme.
· Business
- South Korea’s top banks plan to offer cryptocurrency custodial services
Four of Korea's five largest banks will soon be offering crypto custodial services.
· Business
- Institutional investors could push Bitcoin past $12K as Crypto Fear and Greed Index indicator points to ‘Extreme Greed’
Bullish sentiment could push Bitcoin past $12,000.
· Insights & Views
- Australian court sentenced hacker who stole $300K of XRP cryptocurrency
A hacker who stole 100,000 XRP was sentenced to jail for a maximum of two years and three months.
· Regulation
- Cryptocurrency investment firm Grayscale buys $100B of Bitcoin in a week
Grayscale's Bitcoin Trust went on a buying spree last week adding 9,702 BTC to its portfolio.
· Investing
- Cryptocurrency usage substantially increased in Peru, India, Indonesia and Nigeria
Peru India, Indonesia and Nigeria lead the pack in terms of highest increase of cryptocurrency usage.
· Business
- Nasdaq-listed firm owns $250M Bitcoin (BTC) as part of its treasury reserve
Microstrategy Inc. believes that Bitcoin is better than cash in terms of appreciation potential.
· Business
- UK-based cryptocurrency and payments platform expands services in the U.S.
Wirex, the payments and cryptocurrency platform based in the U.K., is getting ready to expand its business to the U.S.
· Business
- BAND cryptocurrency gains 300% in seven days
The BAND token more than tripled its value in just one week.
· Investing
- Germany impounds Bitcoin ATMs operating without BaFin's authorization
More than a dozen cryptocurrency ATMs were shutdown by Germany.
· Regulation
- Bitcoin scams on social media can be solved with facial recognition technology
Facial recognition is one possible solution against Bitcoin scams spreading on social media.
· Technology
- South Korea’s largest lender plans to offer cryptocurrency custodial services
Kookmin Bank will soon offer cryptocurrency custody services to its clients.
· Business
- South Korea tourists can use cryptocurrency as payment fr services on some Busan beaches
Some beaches in Busan will soon accept cryptocurrencies as payment.
· Business
- Goldman Sachs plans to issue its own cryptocurrency
Goldman Sacks expects the financial system to move to the blockchain within ten years.
· Business
- Square’s Bitcoin revenue soars to $875M in Q2
Square's Cash App Bitcoin gross profit rose by 711 percent.
· Business
- New cryptocurrency for influencers launched to tap into the growing influencer marketing sector
Rally launched a cryptocurrency called Creator Coin aimed at helping content creators and influencers make real money.
· Business
- SEC scouting for a company that could develop a blockchain smart contracts analysis tool
The SEC wants a blockchain tool that can help it analyze smart contracts as well as cryptocurrency transactions.
· Regulation
- Teenager accused of the July 15 Twitter hack owns $3.3M Bitcoin
Seventeen-year-old Graham Clark, who is accused of the Twitter hack on July 15, owns 300 BTC.
· Regulation
- Switzerland’s BKB plans to offer cryptocurrency trading and custodial services via subsidiary
It will be the first government-owned bank in Switzerland to offer cryptocurrency services.
· Business
- 109 suspects linked to PlusToken cryptocurrency Ponzi scheme arrested by Chinese authorities
While Chinese authorities have already arrested the leaders and core members of the cryptocurrency scam, the stolen funds have not yet been recovered.
· Regulation
- CoinDesk warns that cryptocurrency scammers are using its name to send phishing emails
CoinDesk warns users to be wary of emails with suspicious-looking links.
· Technology
- Bitcoin plunges $1.4K in minutes but investor believes BTC could still rally past $20K
Bitcoin suffered a $1,400 decline during Sunday's trading.
· Investing
- Russian President Vladimir Putin signs cryptocurrency bill into law
Russia's new cryptocurrency law will take into effect starting January 1, 2021.
· Regulation
- Dubai launches nationwide blockchain-based KYC data platform
Dubai launched a blockchain-based national data system that will be used by financial institutions for their KYC.
· Technology
- Philippines’ Central Bank announces plans of issuing its own cryptocurrency
The Bangko Sentral ng Pilipinas formed a committee to study the possibility of issuing its CBDC.
· Regulation
- Meconcash partners with cryptocurrency intel firm CipherTrace to comply with FATF guidelines
Meconcash aims to become the first FATF compliant blockchain firm in South Korea with its partnership with crypto intelligence firm CipherTrace.
· Regulation
- More Institutional Investors entering into the cryptocurrency market says Coinbase
The coronavirus-induced crash earlier this year has not dampened investor interest in cryptocurrencies.
· Investing
- Israel's stock exchange to launch blockchain-based securities trading platform by November 2020
The Tel Aviv Stock Exchange (TASE) will soon launch a blockchain-based platform touted as a one-stop-shop for all securities lending activities.
· Technology
- Binance Australia brings platform’s full range of cryptocurrency services to Australian clients
Binance launched Binance Australia to bring its cryptocurrency services to the market.
· Business
- Philippines pioneers blockchain-based app to distribute government-issued bonds
The Philippines recently launched Bonds.PH, a blockchain-based app for distributing government-issued bonds.
· Investing
- Bitcoin (BTC) briefly breaches $11K, sets new 2020 high
Bitcoin rallied by 13 percent on Monday's trading setting a new high for 2020.
· Investing
- PayBito plans to add altcoins by next quarter
The cryptocurrency platform will offer more trading options for its users with the planned addition of altcoins.
· Business
- Twitch offers 10% discount for those who pay in cryptocurrency
Twitch is the first major merchant in the gaming industry to offer cryptocurrency-based discount promotion.
· Business
- Ex-Nissan CEO paid $500K in Bitcoin to escape from Japan
Prosecutors say Carlos Ghosn's son paid $500k in Bitcoin to help his father escape from Japan.
· People
- South Korean government announces proposal of a 20% cryptocurrency tax
The South Korean Parliament will decide on the 20 percent crypto tax proposed by the government.
· Regulation
- Crypto exchange PayBito launches white-label cryptocurrency solution in India
Cryptocurrency exchange PayBito expands its business in India by offering a white-label product.
· Business
- New Monero-mining cryptojacking botnet discovered
A new botnet that secretly mines Monero (XMR) cryptocurrency has been infecting systems since March this year.
· Technology
- US regulator allows banks cryptocurrency custody service for its clients
The Office of the Comptroller of the Currency is allowing banks to open accounts for crypto-related businesses and offer cryptocurrency custodial services to its clients.
· Regulation
- UK government plans to place cryptocurrency promotions under FCA’s oversight
The U.K. government wants increased oversight on cryptocurrency promotions and proposed to have the FCA handle the matter.
· Regulation