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OKEx Is Fighting back Against Amber AI’s BCH Settlement Allegations

In their public response on Monday, OKEx outlined several issues with the Amber AI complaints, expressing that “These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation.” The cryptocurrency exchange laid out their arguments, focusing...

Global: Bitcoin Falls Below $6,000. But Crypto Trader Says It's 'Not Dead'

CNBC
Bitcoin fell below $6,000 on Friday, but bitcoin bull Brian Kelly told CNBC that the popular cryptocurrency is "not dead." "This is not the funeral for bitcoin whatsoever," Brian Kelly, founder and CEO of BKCM LLC, an investment firm focused on digital currencies,...

Thailand: SEC Reveals Framework for ICO Portals and Tokens

The Securities and Exchange Commission (SEC) of Thailand has released a regulatory framework for issuing and selling digital tokens through initial coin offerings (ICOs) along with announcing the ICO portal process, effective from July 16. Since the digital asset decree stipulates that ICO...

India:Cryptocurrency Exchange WazirX Introduces P2P Crypto Transfers

Even as the Supreme Court has reportedly agreed to hear the crypto petition on July 3 this year, the RBI’s deadline to stop all banking services being availed by cryptocurrency entities is just two days away. In view of this,most leading cryptocurrency exchanges...

Global:Coinbase Index Fund is Open For Investment

Coinbase Index Fund is now open for investments of $250,000 to $20M. We’ve seen overwhelming interest from investors since we announced the fund earlier this year. At this stage, we have opened the fund to those who wish to invest $250,000 to...

China: FCoin Accused of Crippling Ethereum Network for Cheap Publicity

A little-known Chinese crypto exchange is allegedly responsible for the unusually high Ethereum network congestion and gas fees recorded over the past few days. FCoin, founded by Zhang Jian, formerly of Huobi, is accused of deliberately encouraging a rash...

Global: Wasabi: Privacy Focused Bitcoin Wallet for Desktop

Medium
A few days ago I gave a talk at the Building on Bitcoin conference, where I unveiled Wasabi Wallet that will bring Bitcoin Privacy to a new level. If you are already familiar with my work, Wasabi is HiddenWallet rebranded...

South Korea: Nonghyup Bank Established Anti-money Laundering Center to Prevent Cryptocurrency Laundering

Nonghyup(NH) bank has established anti-money laundering department to prevent cryptocurrency laundering. Lee Dae-hoon, the head of the NH Bank, said that government and banks should work on avoiding cryptocurrencies becoming a money laundering tool. (Korean) image via flickr

China: Huobi, NewMargin Capital, Kiwoom Targets $93M China-South Korea Fund To Invest In Blockchain

Cryptocurrency exchange Huobi, Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom Securities Co., Ltd. have jointly launched a China-South Korea investment fund to invest in blockchain companies in the two countries. image via flickr

Philippines:Economic Zone Creating Crypto Regulations, Licensing 25 Exchanges

The authority of the Filipino government-owned economic zone is drafting regulations for cryptocurrencies and planning to limit the number of licenses it issues to 25. Other rules include the requirement for each crypto exchange to invest at least US$1...

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OKEx Is Fighting back Against Amber AI’s BCH Settlement Allegations

In their public response on Monday, OKEx outlined several issues with the Amber AI complaints, expressing that “These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation.” The cryptocurrency exchange laid out their arguments, focusing on 3 main points that present that not only did the cryptocurrency exchange act in the best interest of their customers, but that Amber AI has no right to a lawsuit in the first place. 1 – Amber AI is not a customer. According to OKEx, “We do not have an institutional client profile named Amber AI, while Amber AI claim themselves as a Hong Kong-based company. We do NOT serve any customer in Hong Kong, in respect of the local laws and regulations. The OKEx account that Amber AI claimed managing is an individual account, which is not a Hong Kong resident or entity on the report of the KYC information” 2...

Chandler Guo, China’s Top Bitcoin Tycoon, Continues to Build The Crypto Empire in The United States

Chandler Guo, one of China’s top Bitcoin tycoons, shared with BlockPulse 360 his thoughts on the cryptocurrency industry in China. Chandler was one of China’s first Bitcoin miners and has become one of the country’s most well-known cryptocurrency ambassadors. His success has brought him overseas to the United States to continue building his crypto empire. BlockPulse 360: Did your move to the United States have anything to do with the fact that the US is more ICO and blockchain friendly than China? Chandler Guo: Obviously, I am a big fan of Bitcoin and ICO. Just like everybody else in the crypto community, I understand the potential of digital currency and the magnitude of what it means for the economy. Today, ICO has made many people very rich, but in the future, cryptocurrency is likely to become the only currency in circulation. However, most governments, even the American government, are not the biggest...

An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

Several Influential Cryptocurrency Media Outlets in China Have Been Blocked

Wechat, an important application in China is used daily to share news, information, chat and even make an order at a restaurant. Wechat communicates with the Chinese government in order to monitor the public’s opinions on the Wechat platform to comply with the local law. Media surrounding blockchain technology has increased with the price of Bitcoin in 2017. At the beginning of 2018, the media increase continued and new outlets started up in China. During March of this year, more than 10 new blockchain media outlets finished financing campaigns. However, this increase in media development has created some controversy. Many cryptocurrency investors criticized the increase as being a proxy and working with the dealer to “cut the leek”, a vivid way to describe the pump and dump by the dealers or the project launchers to make the profits. On August 21, 2018 Chinese Cryptocurrency Media including Jinses Finance, Deepchain Finance, Huobi information...