Philippine Central Bank ‘Reviewing’ 12 Bitcoin Exchange Applications

The Philippine central bank is reportedly reviewing 12 applications for bitcoin exchange registrations.

Alleged Bitcoin Launderer and BTC-E Admin Likely to Stand Trial in U.S.

Alleged bitcoin launderer and BTC-e administrator Alexander Vinnik is likely to stand trial in the U.

Mt Gox Creditors File Petition to Demand Recovery Payments in BItcoin

Mt Gox creditors have filed a petition in Tokyo to begin a civil rehabilitation process to collect payments in bitcoin.
OKEx Becomes First Cryptocurrency Exchange to Create a Bitcoin Cash Market

OKEx Becomes First Cryptocurrency Exchange to Create a Bitcoin Cash Market

Cryptocurrency exchange OKEx created the first bitcoin cash market, enabling users to trade tokens directly against BCH without using BTC or ETH as an intermediary.

Australia’s Financial Watchdog Will Monitor Bitcoin Exchanges

AUSTRAC, Australia’s financial intelligence and watchdog, will now monitor bitcoin exchanges following newly passed legislation.

Zimbabwean Exchange Adds Ethereum, Re-Enables Bitcoin Buying

Zimbabwe’s only crypto-currency exchange platform, Golix.
Bitcoin Price Hits $26,000 in Zimbabwe as Country’s Sole Exchange Suffers ‘Technical Fault’

Bitcoin Price Hits $26,000 in Zimbabwe as Country’s Sole Exchange Suffers ‘Technical Fault’

Bitcoin traders in Zimbabwe have suffered a setback owing to a technical glitch suffered by trading platform Golix, which is failing to process or cancel orders.
Bitfinex’ed: World’s Largest Bitcoin Exchange Bitfinex Vows to Sue Critics

Bitfinex’ed: World’s Largest Bitcoin Exchange Bitfinex Vows to Sue Critics

Bitfinex, the world’s largest bitcoin exchange with a $657 million daily trading volume, has vowed to pursue legal action against critics.

We’re Guarding Consumers Over Bitcoin: New York Regulator

Maria Vullo, the superintendent of New York Department of Financial Services, told Bloomberg’s David Westin in a TV interview that the department keeps on top of bitcoin.

LocalBitcoins Traders Charged with Fraud for Selling Bitcoin to Thief in Kenya

Three Kenyan peer-to-peer bitcoin brokers have been charged with banking fraud in connection with trades they made through the LocalBitcoins trading platform. The case could set a troubling precedent for bitcoin traders in Kenya. As reported by regional media outlet Kenyan Wall Street, 10.

Japan’s Cryptocurrency Exchanges Report 170 Money-Laundering Cases Since April

Following new cryptocurrency regulations in April, Japanese police have pointed to 170 cases of money laundering via cryptocurrencies reported by exchange operators in six months between April and October. Japan’s National Police Agency (NPA) has compiled its first report on cryptocurrency laundering cases following revised laws in April that mandated cryptocurrency exchange operators to flag and report transactions suspected of money laundering. The regulations kicked in alongside new legislation that now sees bitcoin recognized as a legal method of payment in Japan.
Bitcoin Exchange Coinbase Suffers Outage During Trading Frenzy and Record Highs

Bitcoin Exchange Coinbase Suffers Outage During Trading Frenzy and Record Highs

Major bitcoin exchange Coinbase is currently seeing a service outage due to ‘maintenance’ at a time when bitcoin prices are soaring to new all-time highs. The soaring interest and demand for bitcoin has seemingly crippled prominent bitcoin exchange Coinbase yet again (and again). San Francisco-based Coinbase, one of the world’s largest and most prominent bitcoin trading platforms with operations in over 30 countries, is presumably feeling the stress of heightened traffic and/or trading, forcing the operator to suspend operations temporarily to undergo maintenance.

Japan’s BitFlyer Opens Bitcoin Exchange in the United States

Tokyo-based bitcoin exchange bitFlyer has announced its official expansion into the United States and has also been granted a BitLicense to operate in New York. Announced today, the official launch of bitflyer USA follows a closed beta where 2,000 select traders bought and sold bitcoin through the newly launched platform. bitFlyer, Japan’s largest bitcoin exchange by trading volume, established an office in San Francisco in August and notably revealed it had already obtained regulatory approval to operate in 34 states, at the time.

Japan’s BitFlyer Opens Bitcoin Exchange in the United States

Tokyo-based bitcoin exchange bitFlyer has announced its official expansion into the United States and has also been granted a BitLicense to operate in New York. Announced today, the official launch of bitflyer USA follows a closed beta where 2,000 select traders bought and sold bitcoin through the newly launched platform. bitFlyer, Japan’s largest bitcoin exchange by trading volume, established an office in San Francisco in August and notably revealed it had already obtained regulatory approval to operate in 34 states, at the time.
$10,000 Bitcoin Price is “Cheap, Highly Undervalued”, Says Gatecoin Executive

$10,000 Bitcoin Price is “Cheap, Highly Undervalued”, Says Gatecoin Executive

Hong KoKong-based cryptocurrency exchange Gatecoin’s marketing chief has stated that bitcoin price, despite these boom times, is “undervalued.” In a televised interview with Bloomberg today, Gatecoin’s marketing chief and head of business development for Asia Pacific Thomas Glucksmann was led onto the subject of bitcoin’s “fair value”, at a time when prices are nearing $10,000 – a remarkable 10x gain since the turn of the year.
Coinbase Becomes #1 Trending Apple App Amid Record-Setting Bitcoin Price Rally

Coinbase Becomes #1 Trending Apple App Amid Record-Setting Bitcoin Price Rally

In the latest sign that bitcoin is becoming a mainstream financial asset, the iOS app for bitcoin exchange Coinbase is now the top trending search in the App Store. Last week, friends and families across the U.S. gathered together to celebrate Thanksgiving. As in previous years, the subject of bitcoin was likely broached around many tables. However, unlike in previous years, the subject was not necessarily introduced by the resident bitcoin investor, and — perhaps for the first time — the other people at the table truly listened when he or she explained what has fueled the bitcoin price’s dramatic year-to-date increase.
Bitcoin Gold Price Soars Past $400 After Bithumb and Bitfinex Add BTG Trading Pairs

Bitcoin Gold Price Soars Past $400 After Bithumb and Bitfinex Add BTG Trading Pairs

The bitcoin gold price has been surging this week, in part due to the addition of BTG trading pairs to cryptocurrency exchange giants Bithumb and Bitfinex. As CCN reported, bitcoin gold got off to a rocky start after forking away from the main bitcoin blockchain in early November. Beset by DDoS attacks, a third-party wallet scam, and questions about its developer premine, the bitcoin gold price languished below $200 for most of November.

Bitstamp to Launch Bitcoin Cash Trading Pairs in December

Bitcoin exchange Bitstamp has announced that it will launch bitcoin cash trading pairs during the first week of December. When bitcoin cash forked away from the main bitcoin blockchain at the beginning of August, many people were skeptical that it could garner enough support to remain viable. Consequently, quite a few cryptocurrency exchanges and services — including Bitstamp — took a wait-and-see approach to the fork.

Malaysia’s Central Bank to Deem Cryptocurrency Exchanges as ‘Reporting Institutions’

The head of Malaysia’s central bank has revealed further details about the institution’s upcoming regulatory framework governing cryptocurrency usage in the country. Speaking in Kuala Lumpur at a counter-terrorism financing summit on Wednesday, Bank Negara Malaysia (BNM) governor Muhammad bin Ibrahim expanded on the upcoming “clear guidelines” for participants in the cryptocurrency sector. With a focus on combating money-laundering and terrorism financing, Ibrahim revealed that beginning next year, those converting cryptocurrencies into fiat currency will be designated as “reporting institutions” compliant with certain mandatory rules.

$31 Million Tether Hack Linked to 27,000 BTC in Previous Bitcoin Exchange Thefts

A wallet associated with this week’s $31 million Tether hack has been linked to previous bitcoin exchange thefts numbering in the tens of thousands of bitcoins. As CCN reported, the Tether development team revealed yesterday that its hot wallet had been hacked for $31 million in USDT, an Omni-based token that is pegged to the U.S. dollar at a one-to-one ratio.

Hong Kong Bitcoin Exchange Gatecoin Finds Banking Lifeline, Adds Litecoin

Hong Kong cryptocurrency exchange Gatecoin has confirmed plans to resume HKD and USD bank transfers through new partners after suffering a banking blackout in September. It has been two months since Gatecoin suspended HKD and USD transfers due to “abrupt” bank account freezes in Hong Kong. “It was a major disruption to our business”, Gatecoin marketing chief Thomas Gluksmann said recently, particularly after the exchange had “tripled” its customer base in a 2-3-month period prior to the banking freeze, due to this year’s bitcoin price rally.

Tether Claims $31 Million Theft of USD Token by Hacker, Flags it ‘Non-Redeemable’

The Tether Treasury wallet has been hacked, leading to the loss of $31 million in USDT, a crypto-token which pegs its value to the US dollar through an inflationary monetary policy. In an official announcement, the development team of Tether stated: “Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker.

Hong Kong Banks Shun Bitcoin, Driving Startups to Seek Foreign Banks

Hong Kong banks have frozen and closed accounts of bitcoin businesses, forcing the companies to open foreign accounts, according to the South China Morning Post. A representative of Hang Seng Bank advised the Gatecoin exchange on Sept.

Karpeles Looks to Revive MtGox, Seeks $245 Million

Does anyone have $245 million to revive MtGox? Mark Karpeles, who has pleaded not guilty to charges of money laundering and embezzlement, claims reviving MtGox offers a way to allow creditors to get something from the bankruptcy. Otherwise, the complexity of the bankruptcy will make it hard for creditors to recover losses any time soon, Karpeles claimed in a recent blog.

Alleged BTC-E Admin’s Extradition Hearing Postponed until December

As CCN previously reported, 38-year-old Russian national Alexander Vinnik was arrested in July while vacationing in Greece, in connection with alleged financial crimes committed while operating the now defunct bitcoin exchange BTC-e. Back in October, a three-judge panel approved a request to extradite him to the U.