There were unconfirmed reports today that major exchange OKCoin was packing up its Beijing, China headquarters. Video posted online supposedly showed empty rooms at the office location -- however the company may simply be moving to a new location. Also read: BitPay Adds Bitcoin Cash to Its Insight Block Explorer A short video supposedly showing OKCoin's now-empty office … [Read more...] about OKCoin Office Move Sparks More Chinese Rumors
China's 2017 moves against Bitcoin use may go further than some in the community anticipated. A leaked document describes plans to block access to blockchain syncing for exchanges and even miners and mining pools. Some rumors also claim exchange executives are being told to remain in the country. Also read: Indian Government Considers Creating ‘Lakshmi’ Blockchain … [Read more...] about Will the Chinese Banhammer Hit Bitcoin Miners Next?
India's government it the latest to consider issuing its own cryptocurrency, according to local reports. This one even has a name -- "Lakshmi", after the Hindu goddess of wealth. Also read: Bitcoin $25K in Five Years, ‘Makes Perfect Sense’ to Under 30s, Says Wall St Strategist A Blockchain Currency Like 'Lakshmi' Would Be Useful: Officials Indian media reported a panel of … [Read more...] about Indian Government Considers Creating ‘Lakshmi’ Blockchain Currency
After recent statements by the People's Bank regarding the future of bitcoin exchanges in China, mainland Chinese exchanges BTCChina and ViaBTC announced they would suspend their trading platforms at the end of September. Also read: LakeBanker Delays Decentralized Banking Token Sale Predictions are now that other exchanges could follow, shutting down what was once the … [Read more...] about Chinese Exchanges Shut Down: BTCChina, ViaBTC to Suspend Trading
Police investigations have revealed Australian crime gangs launder up to $5 million AUD ($4 million USD) per day through major banks. The accusations, which stem from weaknesses in the banks' anti-money laundering policies, are eroding public trust in the financial system. Also read: Innovate Blockchain Without Tokens, Says People’s Bank of China The latest claims involve … [Read more...] about Gangs Launder $4 Million a Day Through Aussie Banks: Police