UK Financial Regulator Launches 24 Cryptocurrency Investigations

The United Kingdom’s Financial Conduct Authority, the country’s markets watchdog and financial regulator, has confirmed that there are 24 investigations pending of cryptocurrency businesses, according to Citywire. The FCA, in response to a Freedom of Information query, acknowledged that seven whistleblower reports were pending with regard to cryptocurrency operations thus …

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Italy’s Economic Pain Is the Bitcoin Price’s Gain

Perhaps it took an economic crisis of another kind to lift the cryptocurrency markets. Italy’s economy is reeling amid a political crisis that has placed a spotlight on the cracks in the EU’s economic foundation. Bitcoin Price Trends up as Italy’s Economy Falters Italian bonds are going bust, and the …

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Average ICO Investor Makes 82 Percent Profit: Boston College Researchers

Much has been made about the prevalence of scams within the initial coin offering (ICO) industry. However, a new report published by researchers at the Boston College Carroll School of Management suggests that the average ICO investor is still raking in a significant profit. The 54-page report, titled “Digital Tulips? …

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Cryptocurrency Trading Halted in Zimbabwe Despite High Court Ruling

Restoration of cryptocurrency trading on Zimbabwe bitcoin exchange Golix will take longer than expected as the company says it is still working on having its bank accounts reopened while also awaiting finalization of regulatory issues regarding virtual currencies in the country. Golix is one of two major cryptocurrency exchange platforms …

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Crypto World ’Definitely in a Bubble’: Wikipedia Creator Jimmy Wales

The co-founder of the world’s largest online encyclopedia said that he believes the current state of the cryptocurrency market bears many of the characteristics of an asset bubble. Wikipedia creator Jimmy Wales made this claim on Tuesday at cryptocurrency conference Blockshow, which is being hosted in Berlin. “Right now, we …

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IOTA Price Rallies after Trinity Wallet Receives Beta Release

The IOTA price posted a double-digit percentage rally on Tuesday following the beta release of a new wallet client for the cryptocurrency. IOTA Price Leads Large-Cap Index IOTA had entered the day on a slight downslope, eventually declining as far as $1.33 during intraday trading. However, the IOTA price turned …

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