Tag: cryptocurrency investment

Cryptocurrency Has Potential to Threaten Fiat: South Korea’s Finance Minister

Kim Yong-jin, South Korea’s Deputy Minister of Strategy and Finance, stated at a financial conference held at InterContinental Seoul that the cryptocurrency market is growing exponentially and gaining stability. Minister Kim surprised local investors and cryptocurrency researchers by stating that alternative means of payment such as cryptocurrencies could threaten the foundation of the traditional fiat system. “Cryptocurrencies like Bitcoin and Ethereum, which led an investment and speculative bubble earlier this year, have …
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Cboe Has Asked the US Government to Allow Bitcoin ETFs, Optimistic for Long-Term Growth

The Chicago Board Options Exchange (Cboe), the largest options exchange in the global market that currently operates a bitcoin futures market, has asked the US government to allow bitcoin exchange-traded funds (ETFs) that would provide investors within the public market with access to bitcoin. A public letter sent to the US Securities and Exchange Commission (SEC) read: Cboe encourages the Commission to approach Cryptocurrency ETPs holistically and from the …
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Nikkei Claims Criminal Charges Can Be Filed Against Binance, CEO Clears up FUD

Japanese mainstream media outlet Nikkei reported earlier this week that criminal charges could be filed against Binance if it failed to halt its Japan operations. Binance CEO Changpeng Zhao swiftly responded to the report, stating that it was “irresponsible journalism.” On March 22, Nikkei reported that the Japanese Financial Services Agency (FSA) had warned Binance about its operations in Japan and asked the cryptocurrency exchange to stop providing its service to investors based …
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Binance Cryptocurrency Exchange Expected to Remain Offline for 12 Hours

Binance, one of the world’s largest cryptocurrency exchanges which is said to be the fastest growing startup in history, has been offline for several hours. UPDATE 10PM PST: Binance’s CEO released another statement on twitter stating that there will be another delay (about 10 hours) before the exchange comes back online. In the meantime there will be a 30 minute window to withdraw any funds. Still waiting on data copy, …
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