Welcome to Cryptocurrency News Update, here you can check the popular news and announcements daily like bitcoin news, ethereum news, tron news, ripple news, Neo news, regulation news, dash news and all alt coin news. Coinstoploss aims to share most informative articles to visitors.
Cryptocurrency News Headlines:
- Bitcoin Price & Altcoins Price Again Drop
- South Korean Exchanges to Revise Contracts
- Crypto Exchanges Generating High Profit from New Tokens
- Cryptocurrency Exchanges Regulations Introduced in Australia
- Chilean cryptocurrency exchanges Buda, Orionx, and Cryptomkt dropped by State Bank
- Iran’s Government is Debating for a Ban on Telegram Over Its ICO
- Ethereum App Builders Are Being ‘Screwed’ By Scaling Limits: Vitalik
Bitcoin Price & Altcoins Price Again Drop:
Cryptocurrencies market started to drop from $277 billion and bitcoin price is $70740 USD at press time. It started to further drop but also fighting for sustainability. On 03rd April, 2018 bitcoin touched the highest value of $7,530 and observed lowest at $7,072. Opened at $7,102 and closed at $7,406. Bitcoin need resistance point at $7,000 to prevent further drop.
South Korean Exchanges to Revise Contracts
South Korean financial representative of (KFTC) ordered 12 Cryptocurrency exchanges to revise adhesion contracts. These orders passed only to exchanges which were failed to provide consumer protection according to Yonhap. The adhesion contract which is also known as E-Commerce Act, the Act on Consumer Protection in Electronic Commerce. It provides the barrier for online shopping for consumers to keep safe.
Crypto Exchanges Generating High Profit from New Tokens
According to a report it has come to know that cryptocurrency exchanges are generating more than $3 million to list tokens. Cryptocurrency exchanges already earning a great amount in term of fees but this story revealed that they are generating in different ways. In 2017, Coinbase reported to have generated $1 billion in profit and Binance generated more the $200 millions.
Cryptocurrency Exchanges Regulations Introduced in Australia
New regulations for Australian crypto exchanges introduced on 03rd April, 2018. According to this regulation, now crypto exchanges must need to register and report to the Australian Transaction Reports and Analysis Centre (AUSTRAC).
Chilean cryptocurrency exchanges Buda, Orionx, and Cryptomkt dropped by State Bank
State Bank of Chile issued notices to Buda, Orionx and Cryptomkt to close their accounts. Banko Estado is the country’s only public bank, explained in a statement;
“for now, not to operate with companies dedicated to issuing or creating, brokerage, intermediation or serve as a platform for cryptocurrency calls.”
Iran’s Government is Debating for a Ban on Telegram Over Its ICO
Government of Iran is going to ban Telegram’s messaging app – with a fear of new token could undermine the national currency. According to news site Al-Monitor, Hassan Firouzabadi, secretary of the country’s High Council for Cyberspace, on 03rd April, 2018 push for Telegram to block in Iran on state TV and adding:
“Telegram has officially announced that it will be used as an economic platform, and Telegram will undermine the national currency of Iran.”
Ethereum App Builders Are Being ‘Screwed’ By Scaling Limits: Vitalik
Today at Deconomy conference in Seoul, South Korea, the Vitalik discussed on blockchain technology and Ethereum vision in the world. Vitalik stated,
“If you want to build a decentralized Uber and Lyft on top of an unscalable ethereum, you are screwed. Full stop.”
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