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Mongolia has taken a significant step forward toward bolstering its fintech sector, with the East Asian country’s central bank authorizing a local telecom operator to issue a digital currency under the country’s recently-passed national payment system bill.
Tom Lee: Bitcoin Price Starting to Reverse, 2 Catalysts Will Drive it Higher in 2018.
Throughout 2018, Bitcoin has continued to record lower highs, testing major resistance levels at $10,000, $8,000 and $7,000. According to Fundstrat’s Tom Lee, the stability of Bitcoin at $6,000 regardless of its lower highs is optimistic
Mt. Gox Users, Mizuho Bank Seek Delay in Lawsuit to Await Compensation Outcome
BlackBerry to Launch Blockchain for Medical Data Sharing:
BlackBerry Limited has now come up with a blockchain solution for secure data sharing among healthcare providers in order to improve patient outcomes.
The company is using its network operation center (NOC) to power a blockchain digital ledger that aims to create a secure global system for storing and sharing patient medical data, a release states. The blockchain is provided by Onebio, a peer-to-peer marketplace for biodata.
Tech Bureau, operator of Japanese cryptocurrency exchange Zaif, is yet to reveal a compensation strategy for customers who suffered losses from an infamous $60 million theft three weeks ago.
Osaka-based Tech Bureau has already halted new user registrations to focus on reimbursing customers who collectively lost ¥4.5 billion ($40 million) from the ¥6.7 billion ($60 million) theft of bitcoin, bitcoin cash and monacoin from Zaif’s custody. After initially suggesting it would reveal its framework to repay victims by September’s end, the operator stressed it required more time to finalize its compensation plan, as reported by the Nikkei Asian Review.
London Cryptocurrency Exchange Coinfloor Announces Layoffs amid Prolonged Bear Market
Crypto Exchange OKEx Delists Over 30 Trading Pairs for Weak Volume
Crypto Exchanges are Raking in Billions in Revenue Despite Market Struggles
Coinbase, the largest fiat-to-crypto exchange in the global market, is set to bring in over $1.3 billion in yearly revenue by the end of 2018.
Brazil’s Tax Regulator Wants to Snoop on Cryptocurrency Businesses
Brazil’s Department of Federal Revenue (RFB) has recently revealed it’s looking to monitor the activities of businesses dealing with cryptocurrency, a move it claims will help it prevent tax evasion and money laundering.
Bitcoin Cash Continues to Skyrocket 15% to $535, Volume Quintuples
Crypto project Dash has announced the launch of Dash Text, an SMS-based cryptocurrency transaction service for Venezuelan users, as it builds on its already strong presence in the crypto dependent country. In an announcement released this week, the company said that Dash Text eliminates the need for Venezuelan users to possess smartphones and internet access to carry out crypto transactions, which has historically been a significant barrier to adoption in the impoverished country suffering from hyperinflation.
Cryptojacking Attack Forces Canadian University to Shut Down Entire Network
Billionaire Eric Schmidt, the former chairman of Google, is a budding bitcoin and blockchain enthusiast who said Ethereum could be a “powerful platform” whose untapped potential is off-the-charts.
Ethereum Token BAT Crashes Nearly 20% after Coinbase.com Listing
Bitcoin Accepted Here: Major US Museum Now Takes Crypto Payments
Nearly 1% of the Total Ethereum Supply is Locked in the MakerDAO Smart Contract
Crypto Exchange OKCoin Expands to Latin America & Opens Fiat Market
Crypto Startups More Valuable Than Blockchains — Can the Trend Change?
Fortnite V-Bucks & Crypto are Replacing Gift Cards on Christmas Wish Lists