Facebook Bans Cryptocurrency, ICO Ads Because Of ‘Deceptive Promotional Practices’

Facebook Bans Cryptocurrency, ICO Ads Because Of ‘Deceptive Promotional Practices’   Facebook has updated its advertising policy, announcing in a blog post Tuesday, Jan. 30 that it prohibits ads that use “misleading or deceptive promotional practices,” which, according to the social media platform, includes ads of cryptocurrencies and Initial Coin Offerings (ICOs). The announcement claims that there are “many companies” that use…

Fork Fail: US Government Claims Bitcoin Cash Is ‘Original’ Bitcoin

Fork Fail: US Government Claims Bitcoin Cash Is ‘Original’ Bitcoin A US government institute has claimed Bitcoin Cash (BCH) is the “original” Bitcoin while Bitcoin itself (BTC) is a “fork” in a surprising official research into cryptocurrency. In a document titled “Blockchain Technology Overview” from the National Institute of Standards and Technology under the US…

German Regulator Orders Crypto Exchange to Halt Brokerage Business

German Regulator Orders Crypto Exchange to Halt Brokerage Business German Financial Supervisory Authority (BaFin) has ordered Crypto.exchange GmbH, a Berlin-based exchange, to immediately stop acting as a financial broker. The order was issued after the exchange advertised on its website, btc-now.de, that it would sell customer’s bitcoins for euros and sell them on a stock exchange,…

JP Morgan Blockchain Spin-Off Raises $2.25 Million

JP Morgan Blockchain Spin-Off Raises $2.25 Million Smart contract startup Kadena has raised $2.25 million in a pre-A financing private-placement SAFT round for its new blockchain project. According to the startup, Metastable, Kilowatt Capital, Coinfund and Multicoin Capital all invested in Kadena through a private-placement SAFT round. The funding goes to support Chainweb, a project focused…

Bitfury Enters Bitcoin Crime-Fighting Business with Crystal Launch

Bitfury Enters Bitcoin Crime-Fighting Business with Crystal Launch Bitfury isn’t waiting for law enforcement to clean up the bitcoin space. After years of working with government agencies leery of bitcoin’s seedy past, the blockchain services firm best known for its bitcoin transaction processing business has decided to take matters into its own hands. Launched today, a number…

South Korea Ends Anonymous Cryptocurrency Trading Today

South Korea Ends Anonymous Cryptocurrency Trading Today The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies. Traders must open real-name accounts at the same banks as their exchanges in order to deposit money to trade cryptocurrencies. Real-Name System Enforced South…