Using cryptocurrencies when depositing or withdrawing money from online casinos is a very popular activity these days. It’s a no-brainer. It’s simple, fast, cheap, and safe. Follow these Bitcoinx steps for deposits & withdrawals with BTC. 1. Open a BTC wallet A BTC wallet is a place where your BTC cryptos are stored. There are…
Not so long ago, the Japanese exchange Bitpoint announced the hack. More than $32 million had been stolen from its customers’ accounts. Digital currencies trading security is coming to the fore. In order to choose an exchange where you’ll be able to buy Bitcoin securely, you need to decide what security means to you. How…
Peer-to-peer payments startup Circle announced yesterday that it has acquired Boston-based cryptocurrency exchange Poloniex. According to multiple reports, Circle is paying around $400 million for the exchange, which has been in operation since 2014. The sale also brings Goldman Sachs one step closer to becoming a major player in the cryptocurrency world, as the financial…
Late last week, Bank of America and JPMorgan Chase announced that they would no longer allow customers to purchase bitcoin (and other cryptocurrencies) through their credit cards. The banks cited the collapsing price of bitcoin, and the growing credit risk associated with such purchases, in their decision. Over the weekend, Citigroup, Capital One and Discover…
Representatives of the Philippines’ Securities and Exchange Commission confirmed yesterday that the agency was moving swiftly towards the completion of a new regulatory framework for cryptocurrency trading and ICOs. The new rules are expected to finalized later this year, and may well be enacted before the end of 2018. The move comes in response to…
In a stunning announcement made earlier today, Tokyo-based cryptocurrency exchange Coincheck revealed that the company was the victim of the largest cryptocurrency heist in history. According to a report published by Japanese newspaper Asahi Shimbun (and translated by Coindesk), the hackers made off with over 500 million NEM (XEM) tokens, worth roughly $535 million (58…
Last week, rumors began to surface that South Korean financial regulators were on the verge of announcing major changes in the country’s current policies on cryptocurrencies. Given the skeptical tone taken by many South Korean leaders — only a few weeks ago, Prime Minister Lee Nak-yeon suggested that bitcoin and related projects might “corrupt the…
Thanks to China’s increasingly cold stance on cryptocurrency trading, South Korea has emerged in recent years as a hub for digital currency investment and innovation. The country is already home to dozens of major startups in the crypto space, many of which have aims to expand into other southeast Asian markets. The current boom in…
Only a week after exiting beta testing for its new bitcoin-to-dollar exchange platform, China’s OKCoin has skyrocketed past Western exchanges in terms of volume. As CoinDesk reports, the USD/BTC trading pair on the site had a volume of 16,342 BTC yesterday, handily beating Bitfinex’s 15,552 BTC volume, as well as Bitstamp’s 14,463 and BTC-e’s 6,556….
One of the biggest concerns about PayPal’s rapidly approaching integration with bitcoin-based payments has been liquidity. The eBay-owned payment processing giant handled around $180 billion in transactions last year, roughly 30 times bitcoin’s total market cap. If PayPal aims to bring bitcoin payments to the masses, even a relative giant in the space, like Coinbase,…