Day: September 13, 2018

Mexican State Bank Announces Stricter Rules for Crypto Exchanges

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All crypto exchanges and banks providing crypto services in Mexico will now be obliged to receive a permit from the Bank of Mexico (Banxico), according to a September 10 circular published in the official daily of the Mexican government, the Diario Oficial de la Federacion. The letter called “General provisions on operations related to electronic payment funds” states that Banxico is responsible for issuing crypto-related permits. To get one, a company dealing in digital currencies must provide a detailed business plan complete with a description of their operations, the commissions…

Mt. Gox Opens Rehabilitation Filing System to Corporate Clients

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Corporate customers tangled up in the aftermath of Mt. Gox’s historic hack can finally file for reparations. The now-defunct Japanese bitcoin exchange opened up its claim filing system to corporate users this Wednesday, September 12, 2018. Previously, the system was open only to non-corporate individuals as of August 23, 2018, but with today’s announcement, any entity that lost funds to the exchange can now file for rehabilitation claims. Creditors have until October 22, 2018, to file for rehabilitation, after which point they will be disenfranchised. Established by Stellar co-founder Jed…

Malta is Eying the Waves Cryptocurrency to Tokenize Financial Assets

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It looks like Malta’s reputation as “Blockchain Island” is continuing to gain impressive traction, with a new development that could potentially see the state begin to adopt a cryptocurrency- and blockchain-based mechanism for its services and operations. The team from Waves  — a decentralised cryptocurrency platform providing a complete ecosystem for blockchain developers — met with Joseph Muscat, Malta’s prime minister, and representatives of the Maltese government, to discuss potential scenarios for the use of the Waves platform in the state’s government and corporate sectors. Sasha Ivanov, founder and CEO…

Cardano, EOS, Stellar Lumens, Litecoin, Monero Price Analysis

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There is a ray of hope in the crypto-sphere: Litecoin is up three percent rejecting lower lows right at $50 support line while Stellar Lumens bulls did add five percent following through on Sep 11 gains. Others as EOS and Monero are stable but edge higher with Monero trending along $100, a psychological level. In the mean time ADA is below ATLs at 7 cents meaning our sell triggers are live overriding news of Metaps ADA integration come November 2018. Let’s have a look at these charts: EOS Price Analysis…