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Welcome to the online casino news section. EasyMobileCasino.com is your number one source for gambling news plus no deposit casino bonuses. Also, we have sections on pay per head bookies. Usually, real money casinos accept Bitcoin and other cryptocurrencies like Bitcoin Cash, Tether, NEO, Dogecoin, Dash, and Litecoins. One popular website to buy, sell and trade digital currencies is Coinbase.com.
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About Online Casino News Artilcles At Easy Mobile Casino

EasyMobileCasino.com has made a section for price per head bookmakers to get information and the best places to buy, sell and trade bitcoin and other cryptocurrencies . Also, we have many other sections like Cryptocurrency articles, real money gambling news and loot boxes. Also, make sure you stop by and read our online casino reviews.

The gaming industry, hotel and casino resort review business is very big. However, a lost of the casino news sites report fake news and unscrupulous reviews to lure customers in for their advertisers. Most people read news articles about sports betting or things to do in Las Vegas. However, some folks are really looking to play casino games for real money.

Read the latest news articles about Penn National gaming and The Atlantic city casino industry right here at EasyMobileCasino.com. At EasyMobileCasino.com, we cover news articles and report on recent news in the gaming commission or Native American Indian Tribes like ho chunk nation and the choctaw nation of Oklahoma.

Search for the best online casinos to play video poker and other casino games. Read about fixed odds betting terminals, expansion projects, house banked projects like the million casino resort and news about the entire Internet gambling industry.

Hacking Rumors Lead To Coincheck Halting Operations, $723 Million Withdrawn

Tracking Digital Currency ‘Online Misconduct’ Is Easy | Crypto Gaming

Coincheck, Japan’s most prolific cryptocurrency exchange has been hacked. The digital currency platform was hacked on January 26, 2017. Following the hack, the digital currency exchange had to close operations, which would give room for fixing the issue. The hack is said to be of a large-scale. During the hack, $123 million worth of Ripple was withdrawn from the system. An additional 500 million NEM was also withdrawn. Following the hack, Lon Wong, the president of the exchange expressed his regrets. Through his Twitter handle, Lon said it is unfortunate that Coincheck has been hacked.

Was There $723 Million Payouts From Coincheck Hack?

“It’s unfortunate that Coincheck got hacked. But we are doing everything we can to help,” Lon’s tweet read. After news about the hack reaches the public, the price of NEM dropped sharply. It went down by 19 percent. Following the incident, some things happened fast. In fact, it was shortly after the CEO’s tweet that various media houses thronged outside the exchange’s headquarters in Tokyo. Multiple media houses sent their reporters to collect the correct information. A lot of people were seen assembling the exchange’s entrance.

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Coincheck Makes Announcement

Shortly after various media reporters assembled outside the offices, Coincheck made an announcement. The central message was to inform the public of what had happened. Further, the exchange announced that it had halted operations. Despite the tweet from the tweet from NEM’s president, Coincheck is yet to confirm hacking claims. In a blog post that came in, later on, 27th Coincheck reiterated its stand on the halting of services.

NEM Deposits on Coincheck Are Restricted

“Depositing NEM on Coincheck is currently being restricted. Deposits made to your account will not be reflected in your balance. We advise all users to refrain from making deposits until the restriction has been lifted. We sincerely apologize for the inconvenience this has caused everyone,” Coincheck wrote.

After the initial announcement, Coincheck updated their blog post severally. Remember that the first announcement was about the halting of operations. Then it was about the purchase as well as the sale of NEM. Later, it specifically said that there would be no more withdrawals.

Largest Cryptocurrency Exchange In Japan

Coincheck is a large cryptocurrency in Japan. The exchange was formed in 2014. This is the same year that Mt. Gox was pronounced bankrupt. Although the exchange has not confirmed hacking allegations, everything shows that it is true. NEM CEO has since not pulled down his tweet. It is still speaking volumes.

Coincheck is a Japanese based digital asset or cryptocurrency trading platform that was established in 2014. The parent company that owns this company is Monex Group, Inc. However, Koichiro Wada and Yusuke Otsuka founded the company, First of all, it starts off as a regular Bitcoin wallet and eventually turns into a full Bitcoin and digital currency exchange. In 2018, the Monex Group acquires Coincheck for 3.6 billion yen/dollars.

Coincheck is a trusted member of the Japan Blockchain Association, which is also known as JBA. They are a group that tries to help the Japanese Bitcoin business community comply with the Governments rules, laws and regulations.

Previous News Article: Intertops Casino Helps Lovers and Gamblers Celebrate Valentine’s Day

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Intertops Casino Helps Lovers and Gamblers Celebrate Valentine’s Day

Intertops Casino Helps Lovers and Gamblers Celebrate Valentine’s Day

Valentine’s Day is often thought of like that particular time of the year to celebrate love with that special someone. Real money gamblers at Intertops casino also know that this is the perfect opportunity to cash in on any number of bonuses, and promotions. These incentives are up for grabs at each of these highly popular mobile gambling websites. Take a look at both Intertops Red and Intertops Classic to see which is best for you!
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How Will Intertops Casino Help Lovers & Gamblers Celebrate Valentine’s Day?

The first thing up for grabs is $500 as part of a special Valentine’s Day GTD Poker Tournament. There are unlimited re-entries for this event which goes live on February 14 at 8:15 p.m. (ET). One of the poker managers at Intertops was quoted as saying, “It’s great having unlimited re-entries because it allows you to buy back into the tournament, effectively starting from scratch as if you are a completely new player, given the same starting stack you got when you first entered.”

Betsoft, Worldmatch and Lucktap

Each of these online gambling establishments has built a reputation for having some of the busiest poker rooms on the Horizon Poker Network. They offer a wide selection of online gambling options in the form of casino games from Betsoft, Worldmatch, and Lucktap.

Intertops Casino Helps Lovers and Gamblers Celebrate Valentine’s Day

Another highly lucrative Valentine’s Day promotion is the opportunity for all active players to receive 20 free spins on one of Betsoft’s most famous and most dramatic slot machines, Blood Eternal. This gothic-themed game includes vampires and other creatures of the night rolled into a love story taken from the pages of gothic romances similar to the ever-popular Twilight series, which is a six-reel machine with more than its fair share of bonus features.

Advanced Graphics For Blood Eternal Slot Machine

Some of the highlights from the advanced graphics for Blood Eternal online slot machine offer vampire symbols that only appear on reels two and five. Humans will appear on reels three and four, and when they land next to each other with the vampire catching its next victim, eight free spins trigger. The triggering symbols during the free spins are held in place as Wilds. They can change other symbols to Wilds through the splattering of blood. Players have the option to try and double any win by flipping a coin into the ‘Double Up’ feature.

Best Gambling Sites

These are just two examples of the range and scope of promotional activity for the Valentine’s Day celebration at two of the best online gambling sites in the Internet casino industry today. Intertops casino is a global entity that is part of the Horizon Poker Network about its online poker room. It offers Texas Hold’em, Omaha ring games and a wide selection stakes tournaments for all levels of play. Open 24/7; this poker room also has a wide selection of online casino games from all the top gambling software companies including the previously mentioned Worldmatch, Betsoft, and Lucktap.

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Learn More About Intertops Poker Casino

Over the past 30 years, Intertops has earned the reputation of being the most trusted venue for online poker, casino games and sports betting. Its vast selection of online betting options is sure to meet all of your needs as the ultimate one-stop shop for casino and sports gambling.

Previous News Article: Malta Extends The Area Of Proposed Digital Currency Regulations

Malta Extends The Area Of Proposed Virtual Currency Regulations

Malta Extends The Area Of Proposed Digital Currency Regulations

Malta, a European archipelago nation is also concerned about the cryptocurrency market. But unlike other governments that impose their rules from the office, Malta seeks to engage citizens. That is what authorities in Malta have decided to do. The consultation period between state agency and citizens took place last year. The period covered between October 23 and November 17. It is after this lengthy consultation that Malta Financial Services Authority (MFSA) has published a feedback report. The consultation period was to look into all issues regarding collective investment schemes. These investment schemes involve virtual currencies.

Why Has Malta Extended Proposed Digital Currency Regulations?

After an intensive consultation period, the MFSA has finally released a report. In part, the report says, “They sought to safeguard the interest[s] of investors. They also touched on the integrity of the financial market in the context of virtual currencies.” Many questions were addressed during the consultation period. People sought to know the level of exposure the regulator was talking about. The answer to this question they discuss in the following response. According to the report by the regulator, nobody should fear. But that does not mean that there should not be caution. There should be.

Collective Investment Schemes Subject To Regulations?

The MFSA said in the reports that all collective investment schemes will be subject to regulations. The regulator even mentioned that it doesn’t matter the level of exposure. All that invest in any form of cryptocurrency will be subjected to rules. Further, the regulator said that there would be no shortcut. In other words, the regulator said that this is not real money casino business where anybody can join and do what they want.

Indirect Virtual Currency Investment Proposed Regulations

Any direct and indirect virtual currency investment should adhere to the proposed regulations. On this, respondents sought to know what indirect trading was. In answering, the regulator mentioned of virtual currency exchanges. They work in behalf of clients who are real account owners. The MFSA said that digital coin exchanges do not have accounts of their own. They operate their clients thus get the commission.

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All Digital Currency Exchanges Must Follow Guidelines

Trading companies are vehicles that enable traders to leave point A to arrive at point B. All these exchanges must also follow guidelines that have been proposed. But there is also one thing the regulator made clear. The MFSA said that these rules would be available to ‘qualifying investors.’ “This will significantly restrict investments in VCs. We’re considering whether credit and financial institutions should be allowed to engage in cryptocurrency trade,” the MFSA said.

Previous News Article: We Don’t Have Any Big Problem With The Bitcoin So Far-Bank Of Japan?

We Don’t Have Any Big Problem With The Bitcoin So Far-Bank Of Japan?

Bank Of Japan Has No Problem With Cryptocurrency Casinos?

The Bank Of Japan Has No Problem With Cryptocurrency Casinos? What a headline! Isn’t it a nice thing to read such a title during a time various governments are imposing strict rules? Definitely! So far, the Bank of Japan does not have any problem with a particular cryptocurrency. In the past few weeks, different governments have been acting strangely to digital coins. Led by South Korea, many states have shown their displeasure. They have imposed strict rules that aim at limiting the business.

Does The Bank Of Japan Like Cryptocurrency Casinos?

When imposing the rules, most of these governments say that they are merely monitoring. In other words, all these states are saying that they are just regulating. They are not abolishing. But when you look at the actual rules, the opposite is true. What is funny is that BOJ is making this announcement amid calls from world leaders to contain the bitcoin. On its part, the BOJ says that it has no problem with the bitcoin and any crypto so far. Hiromi Yamaoka, the Director-General of Payment in the banks agrees that there are calls. But he also said something beautiful. According to him, he doesn’t see a problem.

Growing Interest Among Global Policymakers

“There’s undoubtedly growing interest among global policymakers on how to deal with cryptocurrencies. Japan’s approach would be to think about how to curb excesses without discouraging innovation,” Yamaoka told Reuters. Japan, with almost 7, 000 islands, is a seemingly thriving market for the bitcoin. It is true that there is pay per head businesses in the country. But cryptocurrency business is taking a toll.

Is Bitcoin Legal In Japan?

Bitcoin is legal in Japan. There is another thing that you need to know about this country. Japan is the third largest world economy. It would be ideal to join other countries like South Korea, France, and the U.S. But the country says that it has no opposition to the bitcoin. In fact, according to the Director-General of Payment, digital coins are becoming popular.

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Will The Bank Of Japan Continue To Allow Cryptocurrency Casinos?

While Japan has a liberal approach to the bitcoin, several ‘first world’ countries are calling for strict measures. In fact, they even want digital coins abolished utterly. Nobody is sure what will happen next. What is funny is that the bitcoin was born in 2009. Although there has been speculation and some form of opposition, malign neglect started recently, which is evident because the price of the bitcoin hit $20, 000 in 2017. And when several analysts say the cryptocurrency will run $50, 000 in 2018, it pains governments even more.

2018 has been a rough year for Bitcoin and other cryptocurrencies. There has not been much news out of Japan since Bitcoin officially has been in a bear market. Having said that, many people and banks in Japan have very high hopes for Bitcoin and other altcoins for 2019, 2020 and the years ahead.

Previous News Article: England’s Premier League Side Arsenal FC Partners With CashBet

England’s Premier League Side Arsenal FC Partners With CashBet

England’s Premier League Side Arsenal FC CashBet Partnership

Arsenal Football Club is going to the books of history again. This time, it goes to the record as the first football club to officially partner with a cryptocurrency company. Arsenal announces that it is now official that the English Premier League club is partnering with Cashbet. Interestingly, this is the first time in the history of digital coins sponsoring a dominant football team. The announcement leaves many people to wonder. It opens a large door. From now on, many cryptocurrencies will try to place themselves in the spotlight, which will give any digital coin mileage over the one that has not.

What Made England’s Premier League Side Arsenal FC Take A Partner?

Although Arsenal is the first football team to partner with digital currencies, it is not the first incident. Recently, various digital coins have shown their interest in partnering with sporting entities.A perfect example of this is when Rory Macdonald received 330 DASH. What was the aim of this recently-crowned Bellator MMA welterweight champion earning money? The goal was simple! Rory was supposed to wear branded apparel representing the altcoin. He did that in his recent fight.

Cashbet has Accepted digital currency business since 2012

Cashbet has been doing digital currency business since 2012. According to its management, the digital currency is about to conduct an ICO. But the partnership has come earlier. Nonetheless, it will help the coin known to all Arsenal fans. After the company, Arsenal Football Club’s Chief Commercial Officer Vinai Venkatesham said that it is the right thing. “We are pleased to welcome Cashbet Coin as our partner. We are looking forward to working with CashBet Coin as they launch their new cryptocurrency,” Vinai said. Unlike a real money casino businesses, cryptocurrencies are struggling with stringent rules imposed by fierce governments.

CashBet CEO Mike Reaves Makes A Statement?

On his part, the CEO and founder of CashBet, Mike Reaves said that this is the happiest moment. The founder said that getting such a moment is something to be praised. “With our ICO for Cashbet Coin, we are actively targeting a global. We’re looking into multi-billion dollar marketplace of iGaming content providers, operators, and players. We are delighted to do so in partnership with one of world football’s true giants in Arsenal, which will enable us to build our brand and engage this audience in a meaningful way,” Mike said.

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Why Did England’s Premier League Side Arsenal FC Partner With CashBet?

Late December, DASH announced that they were partnering with a top-ranked MMA welterweight fighter, which is what happened. On January 20, 2018, Rory Macdonald wore the apparel that was branded DASH. In return, Rory received $370, 000, which is what the cryptocurrency was worth then.

If you are not familiar with the Premier League, many people outside of the United Kingdom refer to it as the English Premier League and call it by its acronym EPL. The Premier League was formed in 1992 is the highest level of the English soccer, system which folks across the pond refer to as football. This league is a large corporation that has shareholders are trades on the London Stock Exchange. Each of its season’s start in August and end in May. Overall, there are thirty-eight games, which are usually played on the weekends.

Since it has started, The England Premier League has featured two Welch clubs. If you are not familiar with the history of European soccer and football, the original football league was founded in 1888. This league was called the Football League First Division. It broke away and formed into the Premier league in 1992. Now, BSkyB and BT Group own the rights to broadcast the games.
Previous News Article: Cryptocurrencies Prices Are Regaining After Weeks Of Lows

Cryptocurrencies Prices Are Regaining After Weeks Of Lows

Cryptocurrencies Prices Increase After Weeks Of Lows

The past few weeks have been rough for digital coins and real money casinos. The cryptocurrency market has been hit by one stone after another. But now that stones are getting low or let’s say the altcoins are getting used, prices are regaining. For the first time in 2018, the cost of the bitcoin, ether, Ripple, BCH, and other altcoins went down. Bitcoin shrunk as low as $9, 199 two weeks ago. During that time, the coin was hit by the first colossal stone. That was the time when South Korea announced that it was about to impose a ban.

How Much Have Cryptocurrencies Prices Increased?

The coin went below $10, 000, the first time since November 30. Remember that the red-hot altcoin hit its all-time highest in December 2017. During that time, on Thanksgiving Day, the price went up to $20, 000. It is true that since South Korea issued a warning, a lot has happened. In fact, apart from other countries imposing almost similar rules, South Korea came up with laws. While the Korean government did not impose a ban, the rules are restrictive. But there is one thing the bitcoin has proved. It is now clear that it will withstand fierce opposition.

Visa Doesn’t Recognize Bitcoin As Payment Method?

This year, the coin, together with other digital coins has faced a lot of opposition. It is the very year in which Visa CEO declared that Visa does not recognize bitcoin as a payment method. There are many other examples of rouge laws against the bitcoin and crew. In spite of all these, the price has consistently jumped from $9, 199 to above $6,811. By the time of writing this article, one bitcoin trades at $6,811. What does this show? Although there is fierce ridicule, the price of the traditional digital is regaining. It is coming up. Perhaps, if nothing happens, it is likely to go back to where it was in December.

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Countries Impose Bans

What is funny is that the top state currencies that are trading with the bitcoin are the very countries that give sanctions. The top 5 state-issued currencies are:
• USD.
• JPY.
• EUR.
• KRW.
• USDT.

From the look of things, the performance of the bitcoin is a quick reminder. It is true that there might be other stronger and huge stones. But for now, investors are brushing off any fears. People are slowly investing in digital coins. Whether it starts yesterday or the other day, the cryptocurrency market is slowly regaining.

Previous News Article: Coinbase.com Makes $2.7 Million Each Day

Coinbase.com Makes $2.7 Million Each Day

Coinbase.com Makes $2.7 Million Each Day | Cryptocurrency News

Can you imagine how much work is needed to operate a cryptocurrency exchange? Well, you do not need to think a lot. It is a whole lot of work. Well, it is not like running a real money casino site, which is far much hectic. As you continue to boil your brain over the same, think of how much a cryptocurrency exchange can make. Surprisingly, the amount of money is far much more than any work. Let us take coin Coinbase.com as an example, which is a world’s renowned crypto exchange.

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How Does Coinbase Make $2.7 Million Every Day?

The exchange works across the border. It serves thousands to millions of people each day. As usual, exchanges, like pay per head sites, earn commissions. These commissions come from individual clients who transact over the portal. Any fee that emerges from a single client is small. That is the truth. But the fact is that if 1,000 people came on board with $1 million transactions, the commission would be substantive. It is on this calculation that we are basing this write-up. Coinbase has published its annual report. The record on the amount of commission this exchange gets per year is shocking.

Coinbase Makes $1 billion Last Year?

The report shows that Coinbase made a $1 billion in 2017. What does this tell you about the amount the company makes each month? Let’s not talk about something closer home. The right calculation will result in $2.74 million each day. To make it even simpler, it means, Coinbase generates $2, 000 per minute! This amount is from commissions alone. What does Coinbase say about this? Well, what else would you expect this largest crypto exchange to say? The company says that 2017 was one year that saw a lot of online activity. Many people went into digital currencies in 2017 than before.

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Coinbase.com Opens New Accounts & Forms New Partnerships?

In 2017, the company opens more accounts, transacts a lot of digital coins, and enters into new partnerships. As a result, there was the need to add new staff. So, for now, the company has grown regarding the workforce. Because of the strength of the company, many people want to buy shares. Coinbase has confirmed that it has received letters, calls, and emails from clients. What is the aim of the call, emails, and messages? Coinbase answers. Many people are making formal inquiries if they can buy some of the company’s shares. The company looks forward to becoming the world’s number one cryptocurrency exchange provider.

With so many digital asset exchanges, what makes Coinbase different. First of all, Coinbase is the largest United States-based cryptocurrency exchange. Located in San Francisco, California, this online cryptocurrency broker allows people to buy, sell and trade, Bitcoins, Bitcoin Cash, Ethereum, Litecoin, and Ethereum Classic. Also, they allow people to trade crypto is USD/BTC and BTC/USD pairs. In addition to the United States dollars pairs, you can also trade Bitcoin in Euros, British Pounds, and fiat currencies from thirty-two countries. Overall, Coinbase handles altcoin transactions and stores crypto for almost two hundred countries worldwide.

Previous News Article: Stripe To Stop Accepting Bitcoin Payments

Stripe To Stop Accepting Bitcoin Payments

Stripe Stops Accepting Bitcoin Payments

Stripe, a payment processor is stopping the payment process that supports Bitcoin. Stripe announced the crisis that is hitting the cryptocurrency market. More governments and state agencies are showing hostility to digital currencies. Because of this, the number of users of bitcoin is down. Besides, the number of companies that are now accepting bitcoin as a mode of payment has gone down. It is because of these reasons that Stripe is halting the bitcoin payment support program.

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Why Is Stripe Stopping Bitcoin Payments?

Over the past couple of weeks, various companies have also rolled back their support for bitcoin payment. A majority of these group said that they rolled back the support because of high fees associated with bitcoin. Unlike real money casino sites, Stripe is a company from Ireland. The company is owned by two siblings, John and Patrick Collison. The $9 billion company has been very respective to digital currency especially bitcoin. The company says that were it not for the high transaction fees; it would continue with bitcoin support.

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Stripes Owner Tom Karlo Makes A Statement?

Tom Karlo, the company’s project manager, says that there are good reasons why the company halted the support. Tom starts by mentioning that the company does not have any rivalry to the bitcoin. “We hoped that Bitcoin could become a universal, decentralized substrate for online transactions. In the end, it would help our customers enable buyers in places that had less credit card penetration. There are even cases where credit card fees were prohibitive. Over the past year or two, as block size limits have been reached, BTC has evolved to become better-suited to being an asset than being a means of exchange,” said Tom.

Bitcoins High Volatility

Tom added that the high volatility associated with the BTC is another issue. He said that by the time a client finishes a bitcoin transaction, volatility rates would have fluctuated many times. The project managers said, “By the time a transaction has been confirmed, BTC’s USD value has already changed, often discernible. Above all, this is coupled with the fact that for a regular bitcoin transaction, a fee of tens of U.S. dollars is common, making BTC transactions about as expensive as bank wires.” In 2014, Stripe wrote a view of the bitcoin. The company said that the digital coin would turn out to be the next big thing.

“Bitcoin has huge potential as a way to transport value. It’s surprisingly difficult to move money today. The experience of paying for something online hasn’t changed. It is where it was 20 years ago. We can already start to see the shape of the potential impact of Bitcoin. The cryptocurrency market is interesting,” said Stripe.

Previous News Article: South Korea Adds New Laws For Banks And Cryptocurrency Exchanges

South Korea Adds New Laws For Banks And Cryptocurrency Exchanges

South Korea Adds New Laws For Cryptocurrency Exchanges & Banks

The South Korean government is talking tough. It wants nothing but to bring sanity in the cryptocurrency business, which is after releasing new guidelines to govern the sector this week. Over the past several weeks, the government has been reminding exchanges that there will be changes, which did not go well with trades. It was last week that eight exchange firms were fined for violating privacy laws. KCC is the department that is responsible for ensuring safety and privacy of users. The agency found out that many domestic exchanges were not following the rules.

Why Did South Korea Add New Laws For Cryptocurrency Exchanges?

Although the government releases these rules, they are not new. It is only making the guidelines official. Banks and several exchanges in South Korea already know the rules. Those that have failed to observe the rules in the past have found themselves on the wrong side. Tuesday this week was the day the government made clear the announcement. The document containing the guidelines that the government had earlier announced was out. It was made public by the Financial Services Commission (FSC) Vice Chair Kim Yong-burn.

The Document Details Several New Measures

The vice chair said that the document details several measures. The measures are part of the efforts of the government to clean up the mess that exists in the cryptocurrency market. Mr. Kim Yong said that the government wants all businesses to emulate pay per head business. He also maintained that rules in the document would bring to an end to speculation surrounding the government’s stance on digital coins.

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New Guidelines For Cryptocurrency Exchanges

Apart from the guidelines that are directed to digital currency exchanges, the vice chair said something else. He said that the government has also released anti-money laundering (AML) regulations. These rules prepare the Korean Financial Intelligence Unit (FIU). The unit is a division of the more substantial FSC. The new guidelines go to all banks and financial institutions that deal with digital coins.

New Government Laws Plus Regulations For banks And Digital Currency Exchanges

The main aim of these new guidelines is to ensure the digital currency sector is streamlined. The nature of cryptocurrencies is that you will not know who you are trading with. But according to the new regulations, banks and exchanges should only handle accounts that have real names. The names of individuals operating accounts should be original and confirmed by banks. The government has imposed considerable fines to those found violating the rules. After the government’s announcement of the new regulations, the number of those first cryptocurrency accounts went down drastically.

Previous News Article: There’s A Relationship Between Gold And Bitcoin-Analysts

There’s A Relationship Between Gold And Bitcoin-Analysts

Cryptocurrency Analysts Find Gold & Bitcoin Relationship

Did You Know Cryptocurrency Analysts Found A Gold & Bitcoin Relationship? The cryptocurrency market has grown tremendously over the past few years. Prices of various digital coins have surged during the same period. Because of this reason, many people have had an interest in the digital coin. At the backend, researchers too have been in the chase. They have been digging into the bitcoin. They have done numerous studies. The studies aim to find out why the bitcoin is popular. Why the digital coin is not like real money casino business. Coinbase.com is the best digital currency wallet.
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How Cryptocurrency Analysts Found Gold & Bitcoin Relationship

Their finding is shocking. Researchers have shared what they have found out. As a way of tipping you, they have found something significant. It is this thing that makes the price of the coin surge. Yes, perhaps you have also witnessed that the cost of the traditional coin is gaining no matter what.

For now, prices in the digital coin markets have slapped. It is this very thing that now researchers are saying the bitcoin is like gold. Researchers who have done a lot behind the curtains say the correlation is compelling. At the fall of last year, digital currency prices surged. The bitcoin, for instance, hit its all-time highest of $20, 000. What of gold?

Gold Price And Other Valuables Such As Diamonds Fell

The price of gold and other valuables such as diamond fell. Yes, prices plummeted. Everybody in the market was like, what is happening to these gifted goods? As the costs of digital coins started to come down fast, the price of gold and ‘friends’ began to rise. Of particular importance is that as the rice of bitcoin shoots, gold slumps and vice versa. Daniel Marburger who is the director of Coinvest said that he was forced to sell 30 kilograms of gold for bitcoin. Coinvest is a precious metal firm.

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Analyst Agrees There Has Been A Correlation For A Long Time

“We have been inundated with emails, and the phones have been ringing continually with customers asking how they could turn their cryptocurrency into gold,” said Marburger. Another research analyst agrees that there has been a correlation between the two for a long time. Scot Macdonald of Seeking Alpha means that it is not news that there is a relationship. According to Scot, what is shocking is that the inverse proportionality started when bitcoin futures were approved.

Cryptocurrency Is A Serious Business

The analyst winded up his interview by saying that the link between the two, opens up opportunities. He says that investors should be creative. “Based on my analysis, you should make cryptocurrency a serious business. Buy bitcoin today and sell gold in the coming week,” Macdonald said.

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