Maldives’ Central Bank Denies Issuing Permits for Crypto Transactions

The central bank of the Maldives has warned citizens to be wary of advertisements appearing on social media platforms relating to the trading of cryptocurrencies. In a press release, the Maldives Monetary Authority (MMA) cautioned members of the public against transacting in cryptocurrencies pointing out that it was the only agency responsible for licensing money …

Crypto ETF Rejection Sends Bitcoin Price Below $8,000

Within hours that the SEC announced that it has rejected a proposed bitcoin ETF submitted by the Winklevoss Twins, the bitcoin price dipped below the $8,000 mark and is now currently teetering back and forth across that psychologically-significant level. CCN reported on the breaking ETF announcement earlier today. About the ETF The announcement comes after the …

CFTC Does Not Regulate Retail Crypto Markets: Chairman Chris Giancarlo

The United States Commodity Futures Trading Commission (CFTC) Commissioner J. Christopher Giancarlo has stated that the agency’s primary remit is not to exercise regulatory jurisdiction over cryptocurrency trading markets and other cash markets, but to deal with fraud and compliance in large futures markets. He made this comment while responding to a question from Rep. …

Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’

“Even if one is quite skeptical of whether bitcoin will have a significant role in the economy in the future, I think it is hard to avoid some admiration for its design,” Reserve Bank of Australia official Tony Richards thus addressed bitcoin and cryptocurrencies in general in a speech to the Australian Business Economists in …

Colombian Banks Shutter Accounts of Domestic Cryptocurrency Exchange

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Colombian banks have closed Buda.com’s accounts, Alejandro Beltran, CEO of the cryptocurrency exchange, announced. Banks Bancolombia, BBVA and Davivenda have all closed Buda.com’s accounts, according to infobae.com. The country’s Financial Supervisor previously sent a notice warning financial institutions about using …

DOJ’s Bitcoin Price Manipulation Probe a ‘Good Thing’: Mike Novogratz

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Billionaire investor and former hedge fund manager Mike Novogratz said that he is optimistic that the US Department of Justice’s (DOJ) recently-launched probe into allegations of bitcoin price manipulation will contribute to the long-term health of the cryptocurrency market. Speaking in an …

CFTC Issues New Guidance on Cryptocurrency Derivatives

Join our community of 10 000 traders on Hacked.com for just $39 per month. The top US markets regulator has issued new guidance to exchanges and other trading platforms that are interested in listing bitcoin futures and other cryptocurrency derivatives products. The Commodity Futures Trading Commission (CFTC) released this new guidance on Monday, providing exchanges …

Bullish ETF Provider Liquidates Bitcoin Holdings, Citing Regulatory And Tax Issues

Join our community of 10 000 traders on Hacked.com for just $39 per month. The ARK Innovation ETF (ARKK), one of the first exchange-traded funds to invest in bitcoin, has divested much of its bitcoin holdings, citing regulatory and tax concerns, according to CNBC. Last year, ARKK won ETF.com’s “ETF Of The Year” award for …

Crypto Exchange Coinbase May Apply for a Banking License: Report

Join our community of 10 000 traders on Hacked.com for just $39 per month. Cryptocurrency brokerage firm Coinbase has met with US regulators to discuss applying for a banking license, according to an anonymous source familiar with the matter. The Wall Street Journal reports that the firm, one of the largest in the cryptocurrency industry, …

Dubai Bitcoin Exchange Halts Fiat Withdrawals Due to Bank ‘Issue’

Join our community of 10 000 traders on Hacked.com for just $39 per month. Dubai-based exchange BitOasis has suspended UAE Dirham/BTC trading, citing issues with the bank servicing the exchange itself. A communication was sent to BitOasis users yesterday that starting Tuesday, no more dirham can be withdrawn from the exchange, leaving users with today …