Executives at Korean Crypto Exchange UPbit Indicted for Fraud

Three executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors.

Ethereum Studio Consensys’ Wild Ideas and Squandered Funds Led to Major Layoffs

Ethereum incubator Consensys is to cut 50 to 60 percent of its employees. The blockchain software company has already laid off 13 percent of its workforce in order to survive the bear market. According to one source, lack of product, wild ideas and an inability to sell technologies has made Consensys’ position...

This Price Chart Indicates Bitcoin’s Bulls Are Back in Business

Bitcoin is looking increasingly bullish on a key technical chart following its strong move above $4,000.

Coinbase Opens its Doors to Customers in 6 New European Markets

Starting December 20th 2018, residents of six new European countries will now have access to the cryptocurrency exchange of Coinbase. The six new countries are as follows: Andorra Gibraltar Guernsey Iceland Isle of Man Lithuania Since its launch in 2012, the exchange strives towards creating an open financial system...

Miner Maker Ebang Reports ‘Significant’ Profit Drop in New IPO Filing

Crypto miner maker Ebang has refiled its draft IPO prospectus in Hong Kong, indicating a downturn in business in Q3.

Facebook is Developing a Stablecoin to Power Remittances on Whatsapp

News reaching Ethereum World News indicate that facebook is developing a stablecoin to let users transfer money on its WhatsApp messaging App (Whatsapp was acquired by facebook back in 2014). The team at facebook will first focus on the market in India with this new concept and service. Sources...

Cryptocurrency Regulation: FCA Set to Receive Expanded Mandate from UK Government

The United Kingdom government plans to give the country’s regulatory body power to oversee cryptocurrency regulation. UK Cryptocurrency Regulation Imminent According to The Guardian, the government of the UK government announced its readiness to authorize the Financial Conduct Authority (FCA) to regulate all virtual currency assets. This decision comes after MPs sounded a warning...

Thai SEC Plans to Relax ICO Regulations

The Thai Securities and Exchange Commission (SEC) is reportedly planning to ease the country’s regulation for initial coin offerings. The regulator is conducting a public hearing to relax rules on pre-sales and private token sales. The commission has also unveiled plans to prevent the exploitation of token sales. Also...

Despite Bear Crypto Markets, SyncFab Development Continues

Last week, the first manufacturing blockchain for industrial OEM SyncFab rolled out the official wallet for its MFG token. The MFG digital wallet is equipped with features that bring SyncFab closer to actualizing its goal of making manufacturing supply chains more efficient and transparent. SyncFab is a decentralized, blockchain-based...

Vitalik Buterin Donates 300k USD to Crypto Startups Focused on Scaling Ethereum

Vitalik Buterin surprised the crypto community after a seemingly sudden decision to make several $100K worth of ETH donations to various projects focused on the development of software solutions for the Ethereum network. A Small Debate Sparked it All The situation came after a debate via Twitter with Ameen...