US State Takes Action Against Crypto Operation Imitating a Bank
Nov23

US State Takes Action Against Crypto Operation Imitating a Bank

The U.S. state of North Dakota has issued a cease and desist order against a cryptocurrency operation imitating a fully licensed bank in Liechtenstein. This operation goes by the same name as the token announced by the bank. Its website mirrors the bank’s website and its crypto announcement was identical to the bank’s, including a plan to issue a Swiss franc-backed stablecoin. Also read: Yahoo! Japan Confirms Entrance...

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Cryptocurrency Exchange Bitex Launches in the UAE
Nov23

Cryptocurrency Exchange Bitex Launches in the UAE

Bitex has officially launched as the United Arab Emirates’ (UAE) newest digital asset exchange. The Dubai-based trading platform will initially support bitcoin core, bitcoin cash, ethereum and litecoin. Bitex also announced the launch of a cryptocurrency wallet that offers an additional cash deposit service, according to media reports. Also read: Market Slump Puts Crypto Derivatives in The Spotlight Changes in Regulation...

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BTC-e Successor Wex Loses .nz Domain
Nov23

BTC-e Successor Wex Loses .nz Domain

Wex, the digital asset trading platform that inherited the now-defunct BTC-e exchange, has lost its wex.nz domain. According to New Zealand’s Domain Name Commission (DNC), the internet address was registered with fake contact details. Wex users have complained that they are unable to withdraw their funds from the platform.   Also read: Crypto Detectives Project Rates and Investigates Suspicious ICOs Domain Registry Takes...

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Bitcoin Mining News: Norway Revokes Subsidies, Bitmain Opens Washington Facility
Nov23

Bitcoin Mining News: Norway Revokes Subsidies, Bitmain Opens Washington Facility

In mining news, Norway will revoke electricity subsidies currently available to cryptocurrency miners at the start of next year. Also, Bitmain has opened a 12 megawatt data center in East Wenatchee, Washington, and Bitfury has announced new additions to its advisory board and board of directors. Also Read: Markets Update: Dump Drives Record BTC Volume on Binance, XRP Extends Lead Over ETH Norway to Revoke Electricity Subsidies to...

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Rosenstein Targets ICOs, FEC May Permit Political Donations Through Crypto Mining
Nov23

Rosenstein Targets ICOs, FEC May Permit Political Donations Through Crypto Mining

In recent regulatory news, the U.S. deputy attorney general has called for international cooperation on cryptocurrency regulation. Separately, the U.S. Federal Election Commission (FEC) has prepared a draft advisory that could allow political donations in the form of mining power, while the Alabama Securities Commission has estimated that the state has brought forward 20 percent of all active cease-and-desist orders against crypto...

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