South Korea Cryptocurreny Crackdown: Finance Minister Says Government Will Not Ban Trading

Investing, News, Regulation | January 31, 2018 By:

In the first positive remarks in weeks, South Korea’s finance minister said the government has no plans to shut down cryptocurrency trading. The news comes as strongly increased regulation in the country led to fears that a China-style ban was in the works.

Kim Dong-Yeon put an end to the sometimes murky and conflicting comments emerging from various official and banking authorities.  


Samsung Enters The Bitcoin Mining Hardware Biz, Will Challenge Bitmain

Announcements, Innovation, News | January 31, 2018 By:

Samsung Electronics, the world’s second largest chip manufacturer, has confirmed it has a contract to supply an undisclosed Chinese bitcoin mining hardware manufacturer with semiconductors. The move continues the electronics giant’s move into the sector, following its recent agreement with Russian-based bitcoin mining hardware company Baikal.


BitConnect Faces Another Lawsuit Over Ponzi Allegations

Crime, News | January 31, 2018 By:

Crypto investment platform BitConnect has been hit with another class action lawsuit.

The lawsuit, filed by investor Brian Paige in Kentucky federal court, names BitConnect International, BitConnect LTD, Bitcoinnect Trading LTD, and Ryan Maasen as defendants. The plaintiff alleges that BitConnect’s investment platform is actually a Ponzi scheme,