Latest Business News

UK mulls ban on crypto derivatives
Business 30 October 2018

UK mulls ban on crypto derivatives

The UK’s Financial Conduct Authority (FCA) will be holding consultations on a “potential prohibition” of cryptocurrency-based derivatives.

The Coincheck crypto exchange has lost $5 million this quarter
Business 30 October 2018

Coincheck crypto exchange loses $5 million in Q3

Between July and September, Monex Group’s cryptocurrency business, which is entirely comprised of the Coincheck exchange, took in around $2.8 million. This is a 66% decline over what it reported for the previous quarter, which was approximately $8.4 million.

UK gov’t shelves plans for Royal Mint Gold token
Business 26 October 2018

UK gov’t shelves plans for Royal Mint Gold token

The UK government has pulled the plug on plans that would have seen the Royal Mint launching its own cryptocurrency, amid fears over the unregulated nature of cryptocurrency markets.

‘Dubious’ crypto platform claims to be holding Malta license
Business 26 October 2018

‘Dubious’ crypto platform claims to be holding Malta license

The platform, called Primetradingbot, claimed to offer high-yield BTC investments, and appeared to be targeting unsophisticated investors who still believe the BTC coin has a future, according to the Malta Financial Services Authority.

South Korea's FSC warns against investing in crypto funds
Business 26 October 2018

South Korea’s FSC warns against investing in crypto funds

The Financial Services Commission warned that cryptocurrency funds and mutual funds have similar structures, which may result in investors into assuming that such funds are legal investments under the South Korea’s Capital Markets Act.