Author: Editorial Team

Cryptocurrency Exchange Bitfinex Plans Move to Switzerland

Bitfinex, the fifth-largest cryptocurrency exchange by 24-hour trading volume, is looking to hoist itself out of Hong Kong and settle in Switzerland, as first reported by Handelszeitung. As confirmed by sources close to Bitfinex, the exchange is already in talks with Swiss authorities. Jean-Louis van der Velde, CEO at Bitfinex, told Handelszeitung, “We are looking for a new home for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over several locations.” Van der Velde said that Bitfinex, now based in Hong Kong, was also considering London as a potential new location, but...

Read More

Bitfinex Rejects All Present and Future Venezuelan Cryptocurrencies

Bitfinex has announced that it will not list or transact Venezuela’s new “oil-backed cryptocurrency” or any other tokens that the country may issue in the future, citing U.S. sanctions. Meanwhile, the Venezuelan government has reportedly set the minimum investment amount for the petro initial coin offering.  Bitfinex’s Restrictions on the Petro Cryptocurrency exchange Bitfinex announced on Tuesday its stance regarding Venezuela’s new digital currency, the petro (PTR). “We see the PTR as having limited utility,” the exchange wrote, adding that “it could be construed as an attempt to circumvent legitimate sanctions” against the Venezuelan government. Starting on March 19, the...

Read More

Minds Wants to Offer a Blockchain-Based Alternative to Facebook

The decentralized social media platform Minds is making moves to implement the Ethereum blockchain into its core features. After launching in 2015, Minds.com has quickly grown to one million registered accounts and over 73 million unique page views. Now, the project is taking decentralization even further with the launch of the Minds Crypto Social Network. This evolution of the platform will make it a fully functioning dApp running on the Ethereum blockchain for both mobile and web devices, replete with a white paper to outline this direction and the specifications of the project’s next step. “This is the biggest...

Read More

Crypto Regulator CFTC Chairman Takes Funding Cuts “Incredibly Personally”

The United States’ Commodity Futures Trading Commission (CFTC) has received a $1 million USD budget cut. The announcement has come following the CFTC Chairman, Christopher Giancarlo requested an increase in the regulator’s budget of 12 percent. CFTC Request For Funding Increase Answered With Budget Cut It has been reported that the Commodity Futures Trading Commission has received a $1 million dollar cut to its approximately $250 million budget. The agency appears to have taken significant offense to the funding cut – as the CFTC had originally requested a 12 percent increase to its funding, in which it hoped to...

Read More

Bank of Korea Poll: 40% of Young Adults Enthusiastic About Cryptocurrency

The Korean central bank has released the results of its nationwide poll which includes information about cryptocurrency acceptance. Among 25,011 poll participants, 40% of young adults are eager to possess cryptocurrencies, according to local media. Korean Central Bank’s Crypto Poll The Bank of Korea (BOK) announced the results of its poll on the means of payment on Tuesday. It was conducted on 25,011 adults aged 19 and older nationwide from September to November of last year, Yonhap reported. “40% of young adults [are] eager to possess cryptocurrencies,” the Korea Times conveyed the poll results. “South Koreans who are in...

Read More