Bitcoin could be set for a comeback after climbing 10 percent over the last 24 hours to hit a high of $7,523 in the early hours on Wednesday. The compounded crypto market capitalization is nearing the $300 bln mark, last seen over a month ago, on June 12, 2018.
Facebook is reversing its ban on cryptocurrency advertisements and will now allow some preapproved advertisers to promote crypto businesses and services.
Instant crypto withdrawals are now a reality. The bridge connecting cryptocurrencies with regular finance is being built brick after brick. Fintech start-up ORCA has presented their technological case for the community during a live event streamed online. ORCA completed a transfer from a cryptocurrency exchange straight to user’s bank account.
Exclusive: Konstantin Gladych of Changelly on Platform’s Upcoming Integrations, Atomic Swaps and the Future of Bitcoin Market
FokLog spoke to Konstantin Gladych, CEO and co-founder of Changelly, during BlockShow Europe 2018 in Berlin, where he took the stage to talk about centralized and decentralized exchanges.
According to the Russian Analytical Credit Rating Agency (ACRA), the high volatility of cryptocurrencies can potentially create risks for the country’s financial stability, but these are balanced by the high concentration of ownership of the digital assets.
Google’s decision to ban all Bitcoin and cryptocurrency adverts on its platforms is ill-thought-out and potentially even unethical, according to industry experts, The Independent reported on Sunday, June 3.
A draft bill aimed at protecting the rights of cryptocurrency owners while also regulating them in line with Russian laws was introduced to parliament in March with the biggest expectation being the legalization of cryptocurrency payments. However, as local media outlets report, the expectation of making digital currencies legal may.
The Russian government has prepared a memo on the law “On digital financial assets” that states the “exchange of cryptocurrencies for fiat money to the amount of 600,000 rubles (around $10,000) and more has to be subject to mandatory currency control,” Russian publication Izvestiya reports.