📚That was an uneasy Friday. Get aware of the news before you go to the weekend!🔻
🔸Bitcoin price takes a nosedive after UK Prime Minister Theresa May talks about regulating cryptocurrency.
The nosedive is basically because UK Prime Minister Theresa May and her Chancellor, Phillip Hammond, spoke yesterday about the need to introduce greater regulation and laws for cryptocurrency trading.
They think that Bitcoin and its fellow cryptocurrencies allow criminals and terrorists to exchange large sums without being tracked, and they aren't alone in thinking this.
🔹South Korea again !
- South Korean financial authorities in cooperation with Korea Financial Intelligence Unit (KFIU) created a task force to oversee cryptocurrency exchanges and to ensure cryptocurrency businesses.
🔸Russia’s Ministry of finance legalizes Cryptocurrency trading.
- Russia’s Ministry of finance legalizes Cryptocurrency trading. The authors of the bill are sure that the legal status of cryptocurrency exchange would reduce the risks of fraud and will provide fiscal transparency, which is expected to increase tax revenue of the government.
🔹U.S. Immigration and Customs Enforcement is working to expose transactions made by drug traffickers using cryptocurrencies to hide their trails.
🔹​​The British government is ready to invest £ 31 million in Blockchain startups
Innovate in the UK, the technology development department in the UK government, announced its plans to invest £ 19 million in projects based on Blockchain technologies.
Another £ 12 million the British government is ready to allocate to entrepreneurs who are planning to hire graduates for the implementation of their Blockchain projects.
Stolen $534 Mln NEM Were Stored On Low Security Hot Wallet
Coincheck press conference: the company explains $534 mln in NEM were stored on a hot wallet, hackers have stolen private keys. Company expresses regret to customers, plans to try to refund the lost money.
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