Crypto market daily report – November 12, 2018
The cryptocurrency markets continued to look rather subdued on Monday morning with most of the major currencies experiencing a downward trend.
Latest Business News
Germany’s financial regulator forces closure of UK crypto firm
Finatex Ltd. has been order to close parts of its activities by Germany’s Federal Financial Supervisory Authority (BaFin), according to an announcement on the BaFin website.
Bitcoin BCH Stress Test preview shows positive results for Bitcoin SV
Bitcoin BCH mining operation reports a number of blocks measuring 32MB were mined during recent stress test, demonstrating network's capacity to handle massive amounts of simultaneous transactions.
Canadian miner posts $17.7M Q3 revenue
: Hut 8 Mining Corp. reported a cryptocurrency mining profit of $6.7 million, and revenue of $13.4 million in the third quarter.
‘Not recommended’: Bank of Israel publishes report on central bank crypto
After devoting a team of researchers to establishing whether the bank should move towards a digital currency of its own, the findings have come back negative.
EtherDelta founder faces raps over unregistered securities exchange
The U.S. Securities and Exchange Commission (SEC) has charged the founder of crypto trading platform EtherDelta with running an unregistered securities exchange, in the latest example of the regulator taking direct enforcement action against those who flout securities law.
Crypto in Africa: Bithub uses solar energy for crypto mining
The Africa blockchain ecosystem continues to grow in the last days, with some areas finding new ways to apply blockchain technologies, while others are looking for ways to regulate the ecosystem.
Thai siblings linked to $24M crypto scam plead not guilty
The three siblings arrested in Thailand on allegations of fraudulently tricking a Finnish investor into shelling out over $24 million in cryptocurrency have pleaded not guilty to money laundering charges.
Mauritius launches new crypto custodian license
Authorities in Mauritius have set out plans for a new cryptocurrency custodian license, as part of new laws aimed at the emerging blockchain and cryptocurrency sectors.
Insurance study finds Kraken, Bittrex, Coinbase Pro among safest exchanges
A study by Group-IB and CryptoIns has classified cryptocurrency exchanges by insurance risk, finding Kraken to be the most secure.
French lawmakers pushing for lower crypto tax
The Finance commission of France’s lower house of Parliament is endorsing a proposal to lower taxes on sales from cryptocurrencies by 6%.
Crypto-friendly politicians win in US
A few states have elected governors and other legislators that have built their platforms on the promise of expanding cryptocurrency adoption.
Tether’s new banking partner already in hot water
According to media outlet, Brazil’s Deltec Bank & Trust may have been involved in a large money-laundering scheme that involves a Brazilian government official.
Texas regulator halts crypto mining operations
The Texas State Securities Board (TSSB) recently issued cease-and-desist orders to two separate cryptocurrency mining companies operating in the state.
Bitfury secures $80M private placement with Korelya Capital
Cryptocurrency miner company Bitfury has announced a private placement of $80 million, the latest high growth blockchain company to draw significant support from global institutional investors.
Crypto Bulls launches first UAE-registered crypto exchange
Crypto firm Crypto Bulls has teamed up with Al Zarooni Group and Gulf Coin Gold to launch the Crypto Bulls exchange, an exchange which will focus on the Dubai market.
BTCC to shut down mining pool
After four years, BTCC is shutting down its cryptocurrency mining pool indicated that the current market is not conducive to continue operations.
Switzerland clamps down on banks trading in crypto: report
The situation in Switzerland got a whole lot more difficult for cryptocurrency and banking in general, as the Swiss Financial Market Supervisory Authority (FINMA) is getting tough on those banks who want to trade in crypto assets.
Japanese cybersecurity experts track down Zaif exchange hackers
Cybersecurity experts in Japan claimed that they have found incriminating evidence against suspected hackers of Japanese cryptocurrency exchange, Zaif.
Bitstamp partners with Cinnober to speed up transactions
Cryptocurrency exchange Bitstamp has tapped Cinnober to replace its in-house matching system, which will make for speedier completion of trades.