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Chinese Crackdown: Last Round
According to some local media, China is preparing to pay its last blow to the crypto industry. Indeed, a report published Sunday by the newspaper of the Central Bank evokes a series of measures to bring the final blow in a crackdown initiated in early 2017. These measures involve the total ban to all citizens to access sites in France. link with ICO or cryptocurrency, even if the site is foreign. Most citizens are already using VPNs to circumvent government censorship.
"In order to prevent and mitigate financial risks, the authorities will take action against ICOs and digital currency exchanges both inside and outside the country. This also includes the banning of businesses in connection with the medium, as well as the blocking of domestic access to foreign crypto exchanges. »ThePaper.cn
ICO seele victim of phishing on his Telegram
Scams multiply over time, and the latest scammer has managed to steal more than $ 2 million in ETH. Seele's ICO was not yet launched as two impostors managed to convince multiple investors to transfer Ethereum to them. Some investors have pooled, sometimes sending more than 1,400 ETHs at once. You will never be reminded of it enough: trust only official and verified sources!
South Korea: the new regulation is struggling to set up
South Korea had recently developed a clear legal framework around cryptocurrency exchanges and the banks associated with them. Each account opened on an exchange is now supposed to be linked to a "real name". Despite the official announcement that the country's six largest banks are preparing to be in tune, the local media reports that only three of these banks (Shinhan Bank, Nonghyup Bank and Industrial Bank of Korea) have finally taken the plunge . On the exchange side, a similar situation is emerging, since out of the 25 exchanges in the country, only Bithumb, Upbit, Coinone and Korbit have associated their virtual accounts with real identities.
Santander announces a partnership with Ripple
One of the largest Spanish banking groups, Banco Santander, has declared the imminent arrival of a partnership with Ripple. The group plans to use Ripple's xCurrent technology (not related to XRP tokens, let's remember) to speed up transfers and reduce costs.
"Santander staff have been testing this technology for 18 months. The app has been tested with Apple Pay, for payments between £ 10 and £ 10,000 using Touch ID for a secure connection. We are planning the official launch in the coming months, and we can officially confirm that we intend to use xCurrent in the project "A spokesman for Banco Santander
Lloyds Banks prohibits the purchase of Bitcoin via credit card
One of the UK's four largest banks, Lloyds Banks, has recently announced that it will prevent credit card purchases of cryptocurrencies. This prohibition is extended to the bank's subsidiaries, such as Halifax, MBNA or the Bank of Scotland. This measure, to say the least severe, had already been taken earlier in the week by US banks JPMorgan Chase and Bank of America. These measures are supposedly taken to stem fraud and tax evasion.
New York eyeing the mining industry
The New York Power Authority (NYPA, the largest US utility) has approved the allocation of 15,000 kW of hydroelectric power to a new bitcoin mining company, Coinmint. This association could result in an investment of more than $ 160 million and the creation of 150 jobs. It is planned to renovate a former smelter based in Massena, then install up to 180 000 bitcoin mining systems within two years. If all goes as planned, this partnership should handle nearly 15% of global cryptocurrency activity.