Chinese Exchange to Launch Platform Based Outside of the Country
Chinese cryptocurrency exchange ViaBTC has announced its intention to launch a trading platform based outside of China. The decision to establish an overseas-based platform follows announcements that the exchange will shut down operations in mainland China on September 30th.
ViaBTC has revealed plans to launch a cryptocurrency exchange platform outside of mainland China. The company estimates that one-third of its customers are based outside of China. ViaBTC’s chief executive, Yang Haipo, has expressed the company’s belief that expectation that “overseas users will continue to use the ViaBTC platform.”
Last week, ViaBTC issued an official statement revealing that the company would be “clos[ing]… for exchange business in mainland China on September 30th”. ViaBTC is a cryptocurrency technology company that launched in 2016. Initially, the company ran a mining pool and provided cloud mining services, before launching its exchange platform during May this year after having raised 20 million CNY ($2.9 million USD approximately) from Bitmain Technologies. ViaBTC previously stated its intention to first target China’s domestic cryptocurrency trading market before seeking to expand to target overseas customers.
Full story at http://bit.ly/2ymyJgQ
Source: Bitcoin News
Cryptocurrency Trading Volume To Surpass Apple Soon: CNBC
According to one analyst interviewed on CNBC, the trading volume of Bitcoin, Ethereum and other cryptocurrencies could surpass that of Apple in the near future. The analyst, Jens Nordvig, founder and CEO of Exante Data, said that the cryptocurrency market is exploding, and global trading will soon surpass that of the tech giant.
The surge in Bitcoin and Ethereum prices has led to a massive influx of traders and investors, seeking to participate in the financial boom. In fact, the growth has increased more than eight times this year alone. Nordvig said:
Full story at http://bit.ly/2ymtRZ3
Source: CoinTelegraph
India’s Government Agencies Still Have ‘Concerns’ About Bitcoin
According to an Indian publication, The Economic Times, government agencies in the country have concerns about illegal activities that could be tied to bitcoin. An unnamed source explained that the SIT taskforce is currently drafting a report about these concerns, and the final draft should be completed in a month.
“There are concerns on the way [bitcoin] operates — Some unaccounted money could be flowing into [cryptocurrencies],” explained the source familiar with the matter.
Following this statement, the news outlet reported that India’s income tax agency is also concerned with money laundering and illegal transmissions. “There are issues with large investments flowing into this currency,” said a senior tax department official. Moreover, an Indian central bank official told the press on September 13 that the institution still feels uneasy about bitcoin. “In regard to non-fiat cryptocurrencies, I think we are not comfortable,” explained Sudarshan Sen, Executive Director at the Reserve Bank of India (RBI).
Full story at http://bit.ly/2ylHIPf
Source: Bitcoin News
Bitindia: A cryptocurrency Exchange and Wallet for the Streets of India Backed by John McAfee
Bitindia: A cryptocurrency exchange and Wallet for the streets of India backed by John McAfee
BitIndia will be bringing an open source platform which empowers the users to have secure transactions and hold the private keys of the cryptocurrencies on the blockchain nodes. The BitIndia wallet will transform the current structure and concept of crypto wallets. While BitIndia wallets aims to make blockchain mainstream in India, the BitIndia exchange will let any layman to buy, sell and understand cryptocurrencies in the easiest and fastest scam free platform ever designed.
The BitIndia wallet aspire to become an essential part of daily routine activities such as buying groceries, paying bills or dining at a restaurant; while using cryptocurrencies as a medium of exchange. BitIndia exchange will let its users to trade on essential cryptocurrencies with the Indian currency. This will not only promote various cryptocurrencies in India but also promote blockchain technology globally.
John McAfee, a renowned computer programmer and business, who founded the software company McAfee Associates in 1987, has also put his faith in BitIndia and has collaborated for partnership and as an advisor to BitIndia.
Full story at http://bit.ly/2ylm9yk
Source: CoinTelegraph
Last month, news of Estonia’s experiment with its own government-backed cryptocurrency, the "estcoin", spread like wildfire around the world in outlets including CNBC, Business Insider Poland and several payments industry publications.
The premise was that early investors willing to enter an estcoin Initial Coin Offering (ICO) would help Estonia become a cutting-edge digital nation.
There were reports that advisors to the project included Vitalik Buterin, the founder of the hyped cryptocurrency ethereum.
But the news turned out to be “fake” - or at the least, grossly misunderstood.
Full story at http://read.bi/2ymyJ0k
Source: Business Insider Nordic
Russian Prosecutor’s Office Summons Burger King for Issuing Cryptocurrency
Less than one month after the fast food giant launched its blockchain token called Whoppercoin in Russia, the company was reportedly summoned by the Izmailovo inter-district prosecutor’s office regarding its cryptocurrency.
A Burger King representative told RNS that the company had received two notifications from the prosecutor’s office; one on September 13 and the other on September 19 “with an invitation to the Izmaylovskoy prosecutor’s office on behalf of the prosecutor’s office in Moscow.” He added:
Full story at http://bit.ly/2ymhbBo
Source: Bitcoin News
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