Chinese Crypto Bans on WeChat Accounts, Events, and Exchanges: What Happened and Why

[ad_1] This week, the government of China has cracked down on crypto-related WeChat accounts, blockchain events and digital asset exchanges, solidifying its negative stance on cryptocurrency trading and the Initial Coin Offering (ICO) market. WeChat ban and PBoC’s warning against ICOs On Aug. 22, Cointelegraph reported that WeChat, China’s biggest messaging app that has over 1 billion active monthly users, banned the accounts of cryptocurrency investors, users and businesses. At the time, Lanjinger, a

SEC U-Turn on ETF Rejection — A Balancing Act for Adoption?

[ad_1] It’s been an interesting couple of days for a number of exchanges which were hoping to get the green light to launch various Bitcoin exchange-traded funds (ETFs). On Aug. 22, the U.S. Securities and Exchange Commission (SEC) released its verdict on nine separate ETFs submitted by three applicants, ProShares, Direxion and GraniteShares. The move denied the trio permission to move ahead with plans to launch their respective products. ProShares
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North Korea Hosts International Blockchain Conference in October

[ad_1] North Korea plans to hold an international conference on blockchain technology and cryptocurrencies in October, the US broadcaster Radio Free Asia reported on Saturday. Accordingly, the two-day event will begin on October 1st. As speakers, experts from all over the world are invited. An anonymous security expert told Radio Free Asia that North Korea would like to use the conference to demonstrate its expertise and capabilities in the field.