Pakistan Regulates Cryptocurrency to Prevent ‘Terrorism Financing’

Pakistan has announced plans to regulate cryptocurrencies in accordance with recommendations of the Financial Action Task Force (FATF). The regulations will be introduced immediately. Pakistan embraces digital currencies reluctantly Pakistan had previously taken a hard stance against cryptocurrencies, with the country’s central bank warning banks and other financial services providers against offering services that supported …

Russian Facebook VK Wants to Turn its 100 Million Users into Crypto Fans

VKontakte (also known as “VK”), which is Russia’s version of Facebook, is planning to issue its own cryptocurrency. The project is currently under development, but a final decision has not yet been made. The social media firm wants to create a cryptocurrency that all its users can implement, according to Russian news website RNS. VKontakte …

Facebook Bitcoin Scammers Target Aussie Celebs to Con Investors

Fraudsters and Facebook are profiting from scam ads featuring photos of popular Australian TV hosts that convince unwary Aussies to part with their cash and invest in bitcoin. You might expect this scam on an obscure internet chat room, maybe on the darknet, but nope, con-artists are using the world’s most popular social media platform …

This Bitcoin Price Rally is Masking a Serious Problem

By CCN.com: This week is looking to end on a positive note for bitcoin, as the cryptocurrency clawed its way above $4,100, adding $1 billion to its market cap in the process. Bitcoin Price Cracks $4,100 as Bullish Sentiment Grows The bitcoin-to-dollar rate established an intraday high at $4,103, up 2.24-percent since Friday’s opening price. …

Is Bitcoin Fundamentally Incapable of Mass Adoption? The Economist Thinks So

An article out today in the Economist lists several reasons why Bitcoin may never have a “long-lasting” recovery. The unnamed author writes, in part: “The bust has been correspondingly brutal. Those who bought near the top were left with one of the world’s worst-performing assets. Cryptocurrency startups fired employees; banks shelved their products. On March …

North Korean Hackers Don’t Give a $#%! about Crypto Winter

The cryptocurrency sector may still be in a bearish phase, but the state-sponsored North Korean hacking group Lazarus remains absurdly bullish on the bitcoin industry – at least if its continued focus on the sector is anything to go by. For Lazarus, Crypto Exchanges are the Geese that lay Golden Eggs Per cybersecurity firm Kaspersky …

EOS Price Leaps 11.68% in a Day to Hit Market Value of $3.7 Billion

EOS is surging ahead of other top cryptocurrencies this Wednesday. The EOS protocol’s native token established a fresh session high at $4.11, up 11.68-percent from today’s open. In contrast, Bitcoin, Ethereum, XRP, and other top coins managed gains between 2- and 7-percent, barring Cardano’s ADA, which surged up to 10-percent. As of 1000 UTC, the …

Bitcoin Futures Kingpin Reveals Why Regulators Hate Crypto

Bitcoin might have taken the financial world by surprise. But regulatory squeamishness ensures that it is still far away from gaining mainstream adoption on Wall Street, according to Terry Duffy. CME’s Terry Duffy: Regulators Detest Bitcoin’s Finite Supply The CME Group chairman and CEO told Business Insider that the biggest thing that is keeping governments …

Western Union Makes Key Partnership To Deliver Money To Mobile Wallets

Western Union is pushing further into the crypto world, teaming up with a cross-border payments network so its customers can take advantage of mobile wallets. The network is Thunes, and through it, Western Union customers can send funds directly into a recipient’s mobile wallet. All they need to do is go online or visit one …