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In a decision that could rattle the Chinese regulators, a newly opened hotel announced that it is accepting payments in Ether. Ethereum Hotel, as the establishment is called, opened its doors at the National Scenic Area of China’s Sichuan province, becoming the first hotel in the country that publicly...
According to Shanghai Hongkou District Court’s statement in a recent crypto-related case, Ethereum and other virtual currencies are not considered as money. However, they are still protected by the law which views them as “property.” Old Case Brings New View on Cryptos in China One of the attempted...
Ethereum co-founder Vitalik Buterin is of the opinion that the cryptocurrency market is unlikely to experience an explosive bullish rally similar to the one seen in late 2017 ever again. The ‘gold rush’ is in the past and now the average person is aware of blockchain and digital...
The Ethereum bearish market hasn’t come to an end yet. The month of September has been particularly hard on the cryptocurrency as it quickly lost the $300 handle earlier this month, and is already threatening to consistently dive below the $200 area. Mike McGlone, a commodity strategist at...
A new report has found that most crypto hedge funds are down by as much as 50% in 2018, following last year’s market bull run. Autonomous Next: Crypto Hedge Funds Are “Underwater” The report, released by crypto research and fintech analysis firm Autonomous Research LLP, delves into the tumbling...
The price of Ether, the native cryptocurrency of Ethereum, has fallen by 15 percent in the last 24 hours to $305, as other major cryptocurrencies like EOS fell 13 percent. Tokens have followed the price movement of Ethereum, EOS, Ripple, and other major cryptocurrencies, recording 10 to 20...
The Ethereum network has grown to be the second largest blockchain platform behind Bitcoin in a mere three years, all while changing the industry and allowing for new developments to be built on its blockchain network. The relatively young cryptocurrency grew at a rapid pace, and some analysts...
Yoni Assia, the CEO of eToro, a major multi asset brokerage firm with more than eight million active users, has said in an exclusive interview with NewsBTC that some institutions have already broken into the crypto market. Institutional Investors are Already Present in Crypto Market Throughout the past...
On July 29, Ethereum co-founder and renowned blockchain developer Vitalik Buterin discussed the necessity of infrastructure around Bitcoin and Ethereum, and the need to create better ways for the public to invest in major digital assets. Easier Methods of Purchasing Crypto Specifically, Buterin addressed the more institutionally-connected Bitcoin...
The government of South Korea and local financial authorities are planning to pass the country’s first crypto and blockchain legislation as early as possible, to legitimize and strictly oversee the local cryptocurrency industry. The newly drafted regulatory framework which covers a wide range of businesses and ventures from...
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