In December 2017, dozens of cryptocurrencies launched to the moon, hitting astronomical valuations. That trend continued into the new year for at least a few days. Momentum soon swung downward as the market took a tumble. Within days, $800 billion in market cap dwindled down at a rapid pace. Bitcoin…
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99Crypto
Polish Government Seizes €400 Million from Cryptocurrency Exchange
There is emerging news that the Polish government had seized €400 million from an account at Cooperative Bank in Poland associated with Bitfinex, a cryptocurrency exchange. It was reported earlier that the investigation and seizure were connected to Columbian cartels, a claim that has been neither confirmed or denied by…
Coincheck hacked for $500 million and Japan takes action.
The hacking of a major Japanese cryptocurrency exchange is also helping to bring traditional financial services providers into the crypto market. On January 26, 2018, over $500 million was hacked from Coincheck, a cryptocurrency exchange; however, the exchange has since been sold to Monex Group, a large financial conglomerate. In…
Thinking about investing in cryptocurrencies? Now might be the time
In 2017, cryptocurrencies and block chain technology were hot. In 2018, their not. This is bad news for people already holding them, but potentially good news for investing new money. A good plan is to wait until they hit bottom and then get in on some good deals. BTC/USD…
Arizona House Bill 2603 and Cryptocurrency Regulation: What You Need to Know
Arizona House Bill 2603 passed the Arizona House of Representatives with a strong 56 in favor, 3 not in favor, and 1 abstention. From there, the bill passed unanimously in the senate and was officially signed into law on April the 3rd by Arizona governor Doug Ducey. This bill will…
Financial Conduct Authority (FCA) Considers How To Regulate Cryptocurrencies
A leading change in the European cryptocurrency market is occurring as the UK’s Financial Conduct Authority (FCA) is not regulating derivatives. With the European Union's MiFID 2 regulation introduced this year, UK authorities have concluded that it falls under this type of regulation. This likely sets a precedent that…