UPbit is the biggest cryptocurrency exchange in South Korea. Recently, in the third quarter of 2018, it was able to generate a profit of $ 100 million. This is a significant amount considering the fact that the cryptocurrency market is in a downturn. Due to this very reason, many of the...
Soon after the Chinese government made an announcement about blockages regarding cryptocurrencies, popular payment platforms WeChat and Alipay have stopped allowing users to make crypto transactions on their platforms. The payment platforms have decided to work in collaboration with government regulators and hence the decision to shun any crypto related...
Apple Co-founder and famed computer engineer, Steve Wozniak has shown immense interest in the crypto industry. To him, the world of cryptocurrency can be equated to an age when the internet was in infancy. Recently, in a Chainxchange blockchain convention Wozniak(Woz) mentioned the importance of cryptocurrency in today’s...
There is already speculation that the Indian government will ban cryptocurrencies. This after the government informally asked the banking regulator to withdraw the banking facilities of the cryptocurrency exchanges. However, it seems like the Indian government is finally realizing the potential of Cryptocurrency tokens. Cryptocurrency tokens and cryptocurrency coins are...
Intuit an Auditing company has been granted a patent for making Bitcoin payments through text message. This patent was reportedly filed on June 13, 2014, to US Patent Office. The following statement from patent outlines on how the Bitcoin transactions are achieved by text messages. “The method includes receiving, by...
It is a well-known fact in the cryptocurrency world that the Financial Services Agency of Japan is pretty proactive in enacting the cryptocurrency based regulations. Recently, the financial regulator of Japan completed the on-site inspection of 23 different cryptocurrency exchanges. Even though the agency found quite a few problems at...
