A financial result for the year 2018 shared by Upbit has shared that they’re currently among the top of cryptocurrency exchange operated in the country. The report was shared by Coindesk Korea which confirmed that Upbit has revealed $120 million net of income with the operating profit of $253 million and have increased by 33% according to the audit report by the country’s FCC.
The co-founder and the CEO of BitMEX, Arthur Hayes has confirmed that they will not likely to add another cryptocurrency soon. Hayes explained, “So you know, in my, in my opinion, the futures market should always be tighter and trade larger than the underlying of this derivative. And that only happens if you have sufficient liquidity in the spot market.”
The International Monetary Fund (IMF) and World Bank, two most important financial institution of the globe have recently launched quasi-cryptocurrency powered by a private blockchain technology. IMF then explained, “The development of crypto-assets and distributed ledger technology is evolving rapidly, as the amount of information (both neutral and vested) surrounding it.”
Cryptocurrency Dash is getting more popular and have been adopted by more people located in Latin America and will be expanding more business in Australia with the new collaboration established with Crypto Buyer. The CEO of Dash Core Group, Ryan Taylor said, “We’ve anticipated this initiative from Crypto Buyer, as it provides the everyday person with a seamless and efficient way to access Dash and lower barriers to entry.”
A data collected by Google Trend has unveiled that the keyword for “buy bitcoin” has shown a significant increase over the last months which is expected due to the increasing price on Bitcoin. The increasing interest of people to buy bitcoin shows a spike after increasing the price of bitcoin and the interest to purchase bitcoin has also slipped after the declining price of Bitcoin.
An online travel platform Travala.com has shared that they have added Tron Token (TRX) in their platform which allows the users to use TRX as a payment method. Travala said, “Use TRX to book 550,000+ hotels worldwide with an average saving of 15% on Travala.com get further savings up to 10% off the already amazing prices with our SMART program…”
Numerous Chinese Bitcoin miners are currently eyeing on penetrating the Iranian market. Apart from that, it has been proposed in the country that bitcoin mining operation should be banned as it will only cause a negative effect on the environment. The suggestion proposed to the government of China however reported have been predicted by the local mining companies.
The major financial service providers in Australia reportedly remain cold towards the cryptocurrency-related business despite the increasing regulation in the sector. A spokesperson for a local bank, Heritage Bank commented, “Due to the high risk and anonymous nature of cryptocurrency trading, Heritage has made the decision not to transact with business accounts that trade in cryptocurrencies.”
The lower house of the Federal Assembly of Russia, the State Duma has recently expressed their suggestion to ban bitcoin worldwide. The First Deputy of the State Duma Committee, Nikolai Arefyev explained “Cryptocurrency should not exist at all. It interferes the development of commodity production. And making money out of money is detrimental to the entire population of the earth.”
A new cryptocurrency exchange, named Decurrent has been approved by Japan’s Financial Service Agency (FSA) is set to be live on this coming April 16th. The country’s FSA has already warned the Bitcoin exchange operators in Japan to tighten their security measurement and warned the public once again to be careful with the hackers that could be attacking them.