South Korea’s Top Financial Watchdog Joins Probe Into Cryptocurrency Exchanges

South Korea’s top financial regulator the Financial Services Commission (FSC) joined the ongoing probe into local cryptocurrency exchanges Sunday, May 13. The FSC will now be taking part in the anti money laundering investigation, hitherto led by the Financial Supervisory Service (FSS), in order to help expand its scope, news outlet Korea Times reports. Commenting on the agency’s move, Vice Chairman of the FSC Kim Yong-beom has urged regulators worldwide to coordinate their regulatory policies on cryptocurrencies. Following a request from the FSS, the FSC will now check bank accounts…

From Facebook To NYSE, Mainstream Thinks Of Adoption

Top Stories This Week Owner Of New York Stock Exchange Mulls Over Addition Of Crypto Trading The New York Times reported this week that the NYSE might be giving its customers the option to buy and hold Bitcoin, an assertion backed up by documents, emails, and anonymous sources that confirm these future crypto traders contracts. Improvement Code Casper For Ethereum Network Released A new version of Casper, a code upgrade for the Ethereum network that aims to improve the economic consensus protocol, was released this week on Github. The Casper…

How To Tackle Gender Inequality

Disclaimer: The views and opinions expressed here are those of the author and do not necessarily reflect the views of Cointelegraph.com. The percentage of women invested and involved in cryptocurrency is far lower than that of men. This could be confirmed by numerous surveys and research studies. Moreover, incidents like the North American Bitcoin Conference, where only 3 of the 88 speakers were women and the conference after party was held at a strip club, show a disparity trend present in the industry. Recently, there has been a push to…

Electronics Giant LG Launches Own Blockchain Service ‘Monachain’

LG CNS, a subsidiary of South Korean LG Corporation that supplies information technology services, has recently launched its own blockchain-powered service, local Yonhap News Agency reports Sunday, May 13. LG CNS’ own blockchain platform “Monachain” has been designed to enable blockchain-based logistics in the fields of finance, manufacturing and communication, according to Yonhap. One of the main deployments of Monachain provides a digital authentication system, as well as a digital currency, and a digital supply chain management tool. As the local source reports, Monachain enables a new type of identification,…

Cryptocurrency Market Begins Recovery, Ethereum up 5%, Ontology and Storm up 12%

Join our community of 10 000 traders on Hacked.com for just $39 per month. The cryptocurrency market has begun to recover as major cryptocurrencies including Ether and EOS recorded gains of more than 5 percent over the past 24 hours. Tokens such as Ontology (ONT), Storm (STORM), and Tron (TRX) demonstrated gains in the 10 to 15 percent region. Tokens Lead As the bitcoin price struggled against the US dollar and demonstrated significant losses throughout May 10 to 12, small cryptocurrencies and tokens experienced relatively large losses against both bitcoin…

Bitcoin Price Weekly Analysis – Can BTC/USD Hold $8,000?

Key Points Bitcoin price declined sharply after it failed to move above the $9,500 resistance against the US Dollar. There is a significant bearish trend line forming with resistance at $8,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may rise in the short term, but it is likely to face resistances near $8,900 and $9,000. Bitcoin price is facing tough barriers around $8,900-$9,000 against the US Dollar. BTC/USD must stay above $8,200 and $8,000 to avoid any further losses in the near term.…

Ethereum Price Weekly Analysis – Can ETH/USD Recover Further?

Key Highlights ETH price declined heavily this past week and moved towards the $640 level against the US Dollar. There is a crucial bearish trend line forming with resistance at $720 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is slowly recovering and is currently facing many hurdles on the upside near $710-720. Ethereum price tested major supports versus the US Dollar and Bitcoin. ETH/USD is currently correcting higher and is facing resistances near $710 and 100 hourly SMA. Ethereum Price Upside Barrier There was a…

Bitcoin Cash Price Weekly Analysis – BCH/USD Upsides Remain Capped

Key Points Bitcoin cash price found support around the $1,275 level after a major decline against the US Dollar. There is a major bearish trend line forming with resistance near $1,500 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may continue to find sellers on the upside near the $1,480 and $1,500 levels in the near term. Bitcoin cash price declined towards $1,250 against the US Dollar. BCH/USD is correcting higher, but upsides remain capped by the $1,500 level. Bitcoin Cash Price Resistance This…