FCoin Blames Poor Auditing for Shutdown, but Others Suspect Exit Scam

Follow up Less than two years after bursting onto the scene, Chinese crypto exchange FCoin has shut down its operations. The platform, founded by Zhang Jian, also says it may be unable to pay the 7,000 to 13,000 Bitcoin (BTC) — about $67 million to $125 million — that is owed to its customers. Jia..

Chinese Government-Backed Institute Releases New Ranking of 37 Crypto Projects

China’s Center for Information and Industry Development has published its latest crypto project ranking — the first this year. A total of 37 crypto projects, two more than in the previous ranking, were evaluated and ranked overall this month as well as in three separate categories. Also read: Bitco..

Bitcoin Dominance 6-Month Low Doesn’t Mean Price Is ‘Ultra-Bearish’

Market Update Bitcoin (BTC) continued trading in a narrow corridor on Feb. 22 as markets awaited fresh action after last week’s sudden 8% price drop. Cryptocurrency market daily overview. Source: Coin360 BTC “correcting in an uptrending market”Data from Coin360 and Cointelegraph Markets showed BT..

JPMorgan Says Blockchain Is Laying Foundations for Digital Money

JPMorgan released a report last Friday, detailing the global enthusiasm for blockchain technology in the financial sector. In the 74-page report, JPMorgan described several projects that have developed the ‘real world’ financial application and as a result describes 2019 as the year of “the rise of ..

Japan’s Financial Regulators to Discuss Crypto Asset Creation

Japan’s Central Bank and Finance Ministry have set out to discuss the issues pertaining to creation of a state-backed crypto asset. Japan Joins List of Countries Exploring Central Bank Crypto Assets Japan is preparing to join the growing list of countries to explore the benefits of a state-backed di..

Will Bitcoin Usher an Era of Digital Commodities Trading?

Bitcoin has shown that it can be used as a hedge against risk. Gold’s latest ascent has presented a scenario for safe-haven investments, and this trend may boost the case for owning $BTC. Gold Prices Peaked at Seven-year High, Rapid Growth in Past Six Months Gold has marked a seven-year high above $..