Blockchain Gaming Company Launches Free Fantasy World Cup Tournament with $135K Prize Pool

A blockchain-based gaming company which offers its own cryptocurrency for in-game purchases has announced it is collaborating with a fantasy sports giant and offering free tournaments to mark the World Cup. GameCredits is teaming up with FanDuel, a large daily fantasy sports company, and says the competitions will run throughout the major sporting event. As well as $35,000… Read More »

Square’s Cash App Receives BitLicense for NY State Allowing Users to Trade in Cryptocurrencies

Jack Dorsey, CEO of Square Inc. tweeted that the company has received “BitLicense” for the New York State much to the joy of its shareholder as they saw the shares rally on NYSE early in trade. The Cash app of the company will now allow peer to peer bitcoin transactions in the New York State.      Buy and… Read More »

Japan’s SBI Crypto Exchange Adds Two Major Cryptocurrencies

Japan’s SBI Virtual Currencies has added support for two major cryptocurrencies in addition to the one trading pair that its crypto exchange service, Vctrade, launched with. Users who pre-registered prior to the launch can now trade BTC, BCH, and XRP against the Japanese yen. BTC and BCH Trading Now Supported SBI Virtual Currencies, the cryptocurrency exchange subsidiary of… Read More »

Cryptocurrencies Perform Worse as They Grow More Popular, BIS Report Claims

There are plenty of different opinions on cryptocurrencies. It is difficult to find the true metric to determine their success. According to the Bank of International Settlements (BIS), there isn’t any real growth. In fact, BIS claims the performance of cryptocurrencies worsens as the currencies grow more popular. BIS Has Strong Opinions It is a well-known fact how… Read More »

US Ethics Office: Government Officials Must Disclose Crypto Holdings

Those working for the executive branch of the U.S. government must disclose their cryptocurrency holdings, ethics officials said Monday. In a legal advisory released Monday, the U.S. Office of Government Ethics (OGE) clarified that digital currency is “property held … for investment or the production of income” instead of a “real” currency or legal tender. As a result, the… Read More »

Japan’s Self-Regulatory Crypto Exchange Body to Release Voluntary Rules, Report Says

Japan’s Virtual Currency Exchange Association (JVCEA) will reportedly be releasing new voluntary rules next week, Cointelegraph Japan reports today, June 18. The official announcement of the regulatory guidelines, set for June 27th, will reportedly include a ban on insider trading, penalizing cryptocurrency exchange employees if they engage in “inappropriate” trading due to their firsthand knowledge. In order to… Read More »

Jack Dorsey’s Square Obtains NY BitLicense

The online payment processing company Square has been issued a license by the New York State Department of Financial Services, becoming the seventh company to obtain a BitLicense. The New York Department of Financial Services (DFS) announced Monday that it has issued a BitLicense to Square, the online credit card payment processing company. While Square began supporting buying… Read More »

George Friedman: Blockchain Will Be “Obsolete”

George Friedman, a respected geopolitical analyst, famous for being the author of “The Next 100 Years: A Forecast for the 21st Century”, mentioned that blockchain technologies will eventually become obsolete. According to the well-known researcher, despite constant innovations, eventually, attacks on the Bitcoin network will be so easy to realize that it will cease to be a secure… Read More »

Plans For ‘Crypto Beach,’ South Korea’s Latest Blockchain Hub Announced

Busan could be South Korea’s answer to Switzerland’s Crypto Valley. Things are looking up for cryptocurrency and blockchain in South Korea. The Bank of Korea is in the early stages of studying a possible central bank-issued digital currency, the Korea Customs Service revealed plans in late May to combat smuggling through blockchain technology, and the government also has… Read More »

Ukraine Arrests Suspects Tied to Fraudulent Crypto Exchanges

Ukrainian authorities have arrested four individuals suspected of running fake cryptocurrency exchanges, the nation’s federal police force announced Saturday. The National Police of Ukraine claimed in a press release that the suspects were arrested for operating as many as six fraudulent cryptocurrency exchange platforms. Cybercrime officials are still looking at the sites to establish how much money was… Read More »