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Bithumb a ‘Primary Target’ in South Korea’s Crypto Exchanges Probe

South Korean authorities continue to send mixed signals as the Financial Services Commission broadens the scope of its probe into domestic cryptocurrency exchanges with Bithumb being the “primary target.” Auditing Exchanges As reported by The Korea Times, South Korea’s Financial Services Commission (FSC) is broadening…

CME Group Paves Way for Regulated Ethereum Futures with New Pricing Index

CME Group, one of the world’s largest derivatives exchange operators, is taking steps that will prepare it to eventually list an ethereum futures product. The Chicago-based exchange announced on Monday that it has partnered with a group of large cryptocurrency exchanges to create an Ether…

Bitcoin Price Historically Surges With Consensus Conference, Data Shows

The fourth annual Consensus conference, Bitcoin’s biggest event of the year, begins today, May 14, 2018. Will bitcoin price surge once again during the event as it has in previous three years? RELATIONSHIP BETWEEN BITCOIN PRICE AND CONSENSUS A look at the previous three Consensus Conferences…

Zimbabwe Bans Banks from All Bitcoin Dealings

The Reserve Bank of Zimbabwe has banned financial institutions in the country from processing cryptocurrency transactions for cryptocurrency traders and investors despite growing interest in digital monetary assets in the country. “In order to safeguard the integrity, safety and soundness of the country’s financial system,…

Cryptocurrency Exchanges Pivot to Decentralization to Avoid Overseeing User Funds

Earlier this week, Bloomberg columnists and editors Benjamin Robertson, Matthew Leising, and Andrea Tan spoke with various experts from decentralized exchange projects, research firms, and cryptocurrency exchanges to explore the motivation behind the focus of blockchain projects on decentralized exchanges. The Necessity of Decentralized Exchanges…

Supreme Court of India Strikes Out Injunction Against RBI Crypto Ban

The Indian Supreme Court has struck out an interim injunction against the crypto ban of the Reserve Bank of India (RBI). The RBI banned banks and other financial institutions from facilitating cryptocurrency trades in the country. In response, a coalition of petitioners, comprised of four…