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Interest in Philippines Economic Zone Crypto License Spikes – 17 Firms Paid in Full

July 31, 2018 |

Interest in Philippines Economic Zone Crypto License Spikes - 17 Firms Paid in Full

The Philippines government-owned Cagayan Economic Zone Authority (Ceza) is in the process of issuing more crypto licenses. Interest for the license by offshore companies “surpassed all our expectations,” Ceza administrator said. Seventeen firms have already paid in full; 19 more are in the pipeline. Ceza expects to earn about $ 68 million from crypto licensing.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

17 Companies Paid in Full

Interest in Philippines Economic Zone Crypto License Spikes - 17 Firms Paid in FullCeza previously announced that it will issue 25 Financial Technology Solutions and Offshore Virtual Currency (Ftsovc) licenses. The permits allow licensees “to establish a financial tech, crypto, and blockchain office” at the zone, Bitpinas news outlet described.

According to the Philippines News Agency, Ceza administrator and chief executive officer Raul Lambino revealed last week:

17 fintech and offshore virtual currency firms have already paid in full the application and license fees for the digital coin trading under Ceza … 19 companies are in the pipeline to pay their application and license fees to Ceza.

Last week, Ceza awarded a license to Liannet Technology Ltd., a subsidiary of the Apsaras Group. It was the second license Ceza has issued; the first went to Hong Kong company Golden Millennial Quickplay Inc. in June.

The Philippines Daily Inquirer cited Lambino, revealing:

Other firms that had already paid fees to operate in Ceza were Formosa Financial Holdings, Sino-Phil Economic Zone Agency Development and Management Corp., Asia-Pacific International Ltd., Hong Kong Yuen Shing-Hong Ltd., Tanzer Inc. and Rare Earth.

Boosting Revenues with Crypto License Fees

Interest in Philippines Economic Zone Crypto License Spikes - 17 Firms Paid in FullLambino said in a press statement Friday that the income from Ftsovc application and license fees “exceeded 2017 revenue by more than 50 percent,” the news outlet detailed. The interest expressed by offshore companies to operate in Ceza “surpassed all our expectations,” he added, noting that fintech operations are expected to create an initial 20,000 jobs.

Ceza “has earned more than P200 million [~$ 3.7 million] from offshore financial technology firms to raise its total revenues to at least P340 million [~$ 6.4 million] by the end of the second quarter of the year,” the publication described, elaborating:

Ceza expects to earn some PHP3.6 billion (~US$ 68 million) from the issuance of Ftsovc licenses, on top of the 0.1 percent share for every transaction value of registered digital coin exchanges.

Recently, there have also been reports that Ceza is launching its own cryptocurrency. However, Ceza staff told Bitpinas last week that this is not the case.

What do you think of all these crypto firms wanting to operate in Ceza? Let us know in the comments section below.


Images courtesy of Shutterstock and Ceza.


Need to calculate your bitcoin holdings? Check our tools section.

The post Interest in Philippines Economic Zone Crypto License Spikes – 17 Firms Paid in Full appeared first on Bitcoin News.

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TMZ

Faith Evans’ Marriage License Makes No Mention of Marriage to Notorious B.I.G.

July 23, 2018 |

Faith Evans married Notorious B.I.G. in ’94, but you wouldn’t know it based on her recent marriage license — it makes no mention of her marriage to the legendary rapper — but Faith is blaming the court for the error. TMZ’s…

TMZ.com

Uber Granted New London License by U.K. Court

June 27, 2018 |

A British court granted Uber a probationary license to operate in London, a victory for the ride-hailing company as it attempts to resolve allegations of corporate misbehavior before its planned initial public offering next year.
WSJ.com: US Business

No License Needed to Mine Cryptocurrencies in Ukraine

June 24, 2018 |

No License Needed to Mine Cryptocurrencies in Ukraine

Companies mining cryptocurrencies are not required to obtain a license, the Ukrainian state agency responsible for licensing regimes said this week. The annual revenue generated by the Ukrainian crypto mining industry amounts to over $ 100 million, according to recently published data. The country remains attractive to miners while mining costs in many other corners of Europe are simply prohibitive, at the current price of bitcoin.

Also read: Crypto Markets, Weak Demand from Miners Hurt GPU Producers

No Plans to Introduce Licensing for Miners

Cryptocurrencies can be mined in Ukraine without a license, according to the State Service of Special Communication and Information Protection, the regulator that oversees activities requiring licensing. The agency is not planning to introduce such an obligation in the sector in the near future, it said in a response to an enquiry filed by the Better Regulation Delivery Office organization (BRDO).

No License Needed to Mine Cryptocurrencies in Ukraine

According to BRDO, however, not recognizing mining as an economic activity that needs licensing and as a service providing “cryptographic protection of information” is one of the main issues in the local crypto industry. “Market participants have been threatened with a tangible sanctions – fines and confiscation of equipment and cryptocurrency,” said Igor Samodhodsky, an expert at BRDO, quoted by Forklog.

Samodhodsky also noted that entrepreneurs and companies operating in the sector usually try to avoid official registration because of the uncertain legal status of cryptocurrencies and crypto transactions. “The unpredictability of the actions of their counterparties and authorities creates a number of obstacles to their activities,” the BRDO representative emphasized.

Ukrainian Miners Make $ 100 Million Annually

No License Needed to Mine Cryptocurrencies in UkraineCrypto mining is just one of the segments of the country’s crypto industry awaiting comprehensive regulation. Ukrainian authorities have so far failed to meet these expectations. Three draft laws have been filed in the Rada since October but deputies have not made any significant progress towards their adoption. These are the bill “On the Circulation of Cryptocurrency in Ukraine”, the law “On Stimulating the Market of Cryptocurrencies and Their Derivatives”, and a supplementary draft covering taxation of crypto incomes and profits. Moreover, the recently adopted Currency Law did not even mention cryptocurrencies.

In March, the Ukrainian government supported an initiative by the Economy Ministry to add mining to the national register of economic activities. Several ministries, agencies and the National Bank are engaged in the preparation of the necessary documents. No time frame was given for the completion of the procedure, which amounts to legalization. Last month, BRDO announced that Ukrainian crypto mining companies generate more than $ 100 million of revenue annually.

And while Ukraine is offering miners decent conditions, including low electricity rates going down to ~$ 0.04 per kWh depending on the category of users and no restrictive regulations, in some other European countries mining bitcoin is far from profitable. The situation for miners on the continent is further aggravated by the persistent bearish trend on crypto markets that brought the price of BTC below the psychological threshold of $ 6,000 per coin.

Prohibitive Expenses, Low Bitcoin Prices

Payment provider and crypto exchange Wordcore has recently conducted a study to determine the profitability of mining in different countries. According to their calculations, quoted by Forbes Kazakhstan, using Bitmain’s Antminer S9 at an energy consumption of 1.5 kWh earns about 0.0008 BTC in 24 hours. This means mining a single bitcoin requires approximately 45 MW of electricity. For example, mining 1 BTC in the Czech Republic, where electricity for industrial usage is priced at €0.06 per kWh (~$ 0.07), costs around €3,000 (~$ 3,500).

No License Needed to Mine Cryptocurrencies in Ukraine

Germany and Italy are among the European nations maintaining some of the highest electricity rates for businesses on the continent – around €0.15 (~$ 0.17) per kWh. According to the report, mining one bitcoin there costs between €6,835 and €6,646 respectively (~$ 7,964 and $ 7,746), which is much more than what the cryptocurrency currently costs. Besides, these are only production costs, not including investments in equipment, its delivery and installation, the maintenance costs and other expenses like rent and so on.

Mining in some countries becomes prohibitively expensive and experts advise investors to start with searching for a destination which offers competitive electricity rates, in the first place. Among these regions are the Russian oblasts of Tyumen and Murmansk, the states of Washington and Louisiana in the US, and the Canadian province of Quebec.

Do you think cryptocurrency mining needs a licensing regime? Share your thoughts on the subject in the comments section below.   


Images courtesy of Shutterstock.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post No License Needed to Mine Cryptocurrencies in Ukraine appeared first on Bitcoin News.

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License Needed for Crypto Trading, Circulation, and Settlement in Cambodia

June 21, 2018 |

License Needed for Crypto Trading, Circulation, and Settlement in Cambodia

Three Cambodian government bodies have jointly announced that the propagation, circulation, buying, selling, trading, and settlement of cryptocurrencies without obtaining a license are illegal activities. The agencies have also outlined four main risks associated with crypto trading or investing.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

License Needed

The National Bank of Cambodia (NBC), the Commission of Cambodia, and the General-Commissariat of National Police jointly made a statement regarding the legality of crypto activities in the country. It was signed on May 11 but published on Tuesday, June 19.

License Needed for Crypto Trading, Circulation, and Settlement in Cambodia

“Competent authorities have recently observed that cryptocurrencies such as Kh Coin, Suncoin, K Coin, Onecoin, Forex coin and other similar cryptocurrencies have been propagated, circulated, bought, sold, traded and settled actively in Cambodia,” the trio wrote, adding:

Competent authorities clarify that the propagation, circulation, buying, selling, trading and settlement of cryptocurrencies without obtaining license from competent authorities are illegal activities.

The authorities emphasized that “Any person or legal entity” engaged in any of the above activities without a proper license “shall be penalized in accordance with applicable laws.” However, the statement does not mention bitcoin or any crypto with a large market cap.

Regulators Outline Crypto-Related Risks

The statement continues to explain that the aforementioned crypto-related activities are not regulated by the authorities and “will cause potential risks to the public and society.”

License Needed for Crypto Trading, Circulation, and Settlement in CambodiaThe trio named four specific risks. Firstly, “The issuance of cryptocurrencies is not backed by collateral,” they wrote. Secondly, “Investment in cryptocurrencies may incur losses due to the volatility of its face value.” Then they claim there is a risk of “cybercrime and loss of funds due to the system being hacked.” Lastly, not only is there “no customer protection mechanism” with cryptocurrencies, but the regulators also noted the risks of money laundering and financing of terrorism since “the user of cryptocurrencies is an anonymous person who has no identity or historical records.”

License Needed for Crypto Trading, Circulation, and Settlement in CambodiaThe Cambodian Securities and Exchange Commission previously warned citizens of the risks of trading or investing in cryptocurrencies. In December, the NBC “reconfirmed its stand not to recognize digital currency bitcoin being introduced by some businesses in Cambodia,” the national press agency, AKP, wrote.

The central bank released a resolution in December to all banks and microfinance institutions in the country to ban the trading of cryptocurrencies including bitcoin, the Phnom Penh Post described, adding that, as a result:

Many of these financial institutions prevent customers from using their accounts to buy or sell digital coins or tokens.

What do you think of this statement by the three government bodies? Let us know in the comments section below.


Images courtesy of Shutterstock and the Cambodian government.


Need to calculate your bitcoin holdings? Check our tools section.

The post License Needed for Crypto Trading, Circulation, and Settlement in Cambodia appeared first on Bitcoin News.

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North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements

June 20, 2018 |

North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements

The state of North Carolina has pushed the passage of House Bill 86 and some digital currency advocates and firms like Coinbase believe the bill makes the state more friendly towards cryptocurrency businesses. At the moment North Carolina’s House Bill 86 has been presented to Governor Roy Cooper and awaits his signature.

Also read: Major Korean Crypto Exchange: $ 31 Million Vanishes

North Carolina House Bill 86 Includes Money Transmission Changes and Licensure Guidelines in Regard to Virtual Currencies Passes Unanimously

North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements On June 14, 2018, North Carolina’s general assembly unanimously ratified House Bill 86 which adds new language to the state’s permissible investments and statutory trust under the Money Transmitters Act. The bill’s final revision includes legal definitions concerning virtual currencies like bitcoin and other tokens. North Carolina’s legislation also requires the licensure of businesses that work with cryptocurrency activities. Furthermore, the state’s Commissioner of Banks Ray Grace can request data from the licensed cryptocurrency firm at any time. North Carolina House Bill 86 states:   

If the licensee possesses virtual currency as permissible investments under this Article, the Commissioner may at any time request that the licensee verify, in a manner acceptable to the Commissioner, aggregate virtual currency transmission obligations outstanding and virtual currency held as permissible investments, including virtual currency stored offline.

Coinbase Believes North Carolina’s Bill ‘Helps Cryptocurrency Companies Comply With the Letter of the Law’

North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements
Coinbase executive Mike Lempres

Commissioner Grace had also helped write the revised edition which included virtual currency definitions and licensee requirements. The firm Coinbase applauded the passage of House Bill 86 and formally thanked the banking commissioner, representatives Tim Moore, Dan Bishop, Jon Hardister, Bill Rabon, Stephen Ross, Jason Saine, and Jeff Tarte for helping bolster the legislation.

“Passage of House Bill 86 exemplifies how regulators and legislators can work together to foster innovation by either licensing cryptocurrency money transmissions or exempting cryptocurrency from money transmission laws,” the Chief Legal and Compliance Officer at Coinbase, Mike Lempres said last Thursday.

By helping cryptocurrency companies comply with the letter of the law, leaders in both states are paving the way for the economic and social benefits of this new technology to flourish within their communities.           

The firm also complimented the state of Wyoming for recently passing its blockchain and cryptocurrency legislation after it had issues with the state prior to the passage of Wyoming’s guidelines. A while ago Coinbase suspended its services to Wyoming residents and the firm said at the time that the state’s Division of Banking made Coinbase operations impractical. As both North Carolina and Wyoming change their money transmissions laws the state’s look like they may see more business operations due to the legislative changes.

What do you think about North Carolina’s House Bill 86? Do you think more states will adapt virtual currencies into their laws? Or do you think these regulations are bad for cryptocurrencies in general? Let us know your thoughts in the comment section below.


Images via Pixabay, Wiki Commons, North Carolina Emblem, Coinbase, and Medium. 


Need to calculate your bitcoin holdings? Check our tools section.

The post North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements appeared first on Bitcoin News.

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Swiss Crypto Company Acquires License to Distribute Funds to Investors

June 19, 2018 |

Swiss Crypto Company Acquires License to Distribute Funds to Investors

Crypto Fund AG has been granted a license to distribute funds on behalf of “qualified investors” in Switzerland. The permission has been issued by the country’s financial market regulator, FINMA. The firm also seeks approval for another crypto-related service.

Also read: Zug Tests Blockchain to Decide on Fireworks and Digital IDs

First Point of Contact for Crypto Assets

Swiss Crypto Company Acquires License to Distribute Funds to InvestorsCrypto Fund AG, a Zug-based subsidiary of the Swiss Crypto Finance Group (CFG), has received a license to distribute collective investment schemes to qualified investors, Reuters reported. According to an announcement by CFG, this is the first time a crypto business is granted such permission by the authorities in Switzerland.

The Swiss Financial Market Supervisory Authority (FINMA) confirmed the decision. However, the financial watchdog did not specify if this was in fact the first license of this kind.

According to another important clarification in the report, the permission does not mean the firm is allowed to operate as an asset manager for crypto funds. Nevertheless, the acquired license is a deliberate step, as confirmed by the company’s Chief Executive Officer, Jan Brzezek:

Getting the FINMA license is a big step in the right direction to establish us as the first point of contact for crypto assets.

Crypto Fund AG is also seeking another permission from financial regulators in Switzerland. This one would allow it to create a passive investment vehicle tracking a bench marked index of up to 10 of the most liquid cryptocurrency assets and digital tokens on the market. The index is calculated and maintained by Swiss bourse SIX.

Crypto-Friendly Nation with Positive Attitude

Getting the FINMA license is a big step in the right direction to establish us as the first point of contact for crypto assets.In recent years, Switzerland has established itself as a crypto-friendly jurisdiction. The country has its “Crypto Valley” in the canton of Zug, where Crypto Fund AG is registered. Many other crypto and blockchain businesses are either headquartered or represented there, including companies like the Chinese mining giant Bitmain. The Alpine nation has been considering the possibility to issue a state-backed cryptocurrency, although its central bank has admitted through an official that private digital currencies are better than any state-issued coin.

Businesses from the traditional financial sector have also benefited from the positive regulatory attitude of Swiss authorities. Hypothekarbank Lenzburg, a legacy financial institution, recently announced it was offering bank accounts to crypto companies, as news.Bitcoin.com reported. The bank’s management expressed desire to work with the young crypto sector, speaking of that as a “matter of credibility.”

Getting the FINMA license is a big step in the right direction to establish us as the first point of contact for crypto assets.But not only the private fintech industry and financial sector are interested in cryptocurrencies and the underlying distributed ledger technology. The fully state-owned Swiss Federal Railways, for example, has been selling bitcoin to its passengers for almost two years at over 1,000 ticket vending machines.

And the city of Zug, home of the Crypto Valley, is accepting payments in bitcoin and ether for municipal services, including company registrations. Authorities there are also planning to conduct a blockchain-based vote on questions of local importance.

Do you think Swiss regulators will issue more licenses for crypto-related financial services in the near future? Tell us in the comments section below.


Images courtesy of Shutterstock, Financial Club, National Police of Ukraine.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Swiss Crypto Company Acquires License to Distribute Funds to Investors appeared first on Bitcoin News.

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Estonia Grants License to Crypto Trading Software Provider Ibinex

June 15, 2018 |

Estonia Grants License to Crypto Trading Software Provider Ibinex

Ibinex, a company that specializes in white-label solutions for cryptocurrency exchanges, has obtained a license to operate in Estonia. Besides exchange services, it also plans to offer both hot and cold wallets within the regulatory framework of the tech-savvy, crypto-friendly Baltic nation.

Also read: Estonia Grants Licenses for Wallet and Exchange Services to Coinmetro

EU Registered Exchange and Wallet Provider

Estonia Grants License to Crypto Trading Software Provider IbinexAuthorities in Estonia have granted a license to Ibinex, a provider of white-label solutions for crypto exchanges and cryptocurrency trading software. In a post in the news section of its website, the company called the development “a big feather in the cap,” noting that it compliments its membership in The Financial Commission, an independent self-regulatory organization, since August, 2017.

The new Estonian license will allow Ibinex to provide a wide variety of exchange services and solutions for cryptocurrency traders, including fiat to crypto, crypto to fiat, and crypto to crypto transactions. The firm effectively enters the cryptocurrency exchange sector as a trading platform registered in an EU jurisdiction.

Estonia Grants License to Crypto Trading Software Provider Ibinex

Ibinex is not going to restrict itself to only exchange operations. The company plans to start providing crypto wallet services, as well – both hot and cold wallets, which will be offered within the Estonian regulatory framework, the press release quotes its Chief Executive Officer, Simon Grunfeld. Ibinex will generate unique security keys for its users and will safely keep their encrypted keys. The platform will also offer storage and transfer of cryptocurrencies for their clients.

“This is the first of many licenses and registrations to come. Ibinex is excited to be one of the first licensed exchanges to be in accordance with Estonian legislation,” Grunfeld commented. The CEO of Ibinex also noted that “We’re seeing more formations of regulatory rulings for cryptos in the EU region, and due to this progressive stance, companies like ours can find a compliant framework, from which to operate under.”

A Crypto-Friendly European Jurisdiction

Estonia Grants License to Crypto Trading Software Provider IbinexEstonia, one of the smallest European nations in terms of both territory and population, became the first EU member-state to propose the creation of a national cryptocurrency. Tallinn has recently backpedaled on its plans to issue the “Estcoin”, following criticism from the European Central Bank. In September, the bank’s president, Mario Draghi, stated that “No member state can introduce its own currency” in the Eurozone.

Nevertheless, the government intends to proceed with a limited scale project and Estcoin may eventually be used to support transactions within the Estonian e-resident community. The program has issued ID cards to 35,000 foreign nationals so far, the majority of which are from Finland, Russia and Ukraine.

This and other decisions and comments by Estonian officials prove that the country remains a truly crypto-friendly jurisdiction, willing to open its doors to more and more companies from the industry. Earlier this month, authorities in Tallinn granted licenses for wallet and exchange services to Coinmetro, another cryptocurrency trading platform which will operate from within the European Union.

Estonia Grants License to Crypto Trading Software Provider Ibinex

Estonia’s neighbors are definitely not lagging behind. Cryptocurrencies are gaining popularity throughout the Baltic region, where businesses from multiple sectors, including real estate, online trade, the hospitality industry, and even healthcare, are already accepting crypto payments, as news.Bitcon.com reported. Some of them are offering their services globally.

Latvia has partially recognized cryptocurrencies for taxation purposes. Authorities in Riga said that bitcoin could “function as a means of exchange” and 20% tax was imposed on capital gains from crypto deals. Meanwhile, Lithuania has adopted comprehensive guidelines for cryptocurrency and initial coin offerings. According to some reports, the country accounts for up to 10% of all funds raised through ICOs last year.

Do you expect more crypto companies to obtain licenses in Estonia and the neighboring Baltic states? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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The post Estonia Grants License to Crypto Trading Software Provider Ibinex appeared first on Bitcoin News.

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Crypto Exchange Approved for Regulatory Sandbox License in Bahrain

June 14, 2018 |

Crypto Exchange Approved for Regulatory Sandbox License in Bahrain

A Dubai-based cryptocurrency exchange has reportedly become the first crypto exchange in the Middle East and North Africa (MENA) region to receive a regulatory sandbox license. The license was granted by the Central Bank of Bahrain and will take effect this week.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Crypto Exchange Received Sandbox License

The Central Bank of Bahrain (CBB) has reportedly granted a regulatory sandbox license to the operator of Palmex, a Dubai-based cryptocurrency exchange. The Dubai International Financial Center (CPI Financial) elaborated on Tuesday:

Palmex, a professional digital asset exchange powered by Arabianchain Technology, has become the first cryptocurrency exchange in the Middle East and North Africa (MENA) to receive a regulatory sandbox licence.

Crypto Exchange Approved for Regulatory Sandbox License in BahrainAccording to its website, the exchange offers “multiple trading pairs including bitcoin and Dubaicoin DBIX, the first decentralized cryptocurrency in the region,” in addition to ETH, LTC, and XRP. Fees are divided into three tiers based on monthly trading volume.

Venture company Arabianchain Technology is also based in Dubai. “Arabianchain is the first public, decentralized and consensus-driven blockchain in the MENA region,” the company claims.

Crypto Exchange Approved for Regulatory Sandbox License in Bahrain

License Effective June 15

The sandbox creates a virtual safe space for businesses to “trial and refine innovative products, services, platforms and business models in a live but controlled environment…giving regulators time to adapt legislation as needed,” CPI Financial explained. “Companies will also be able to apply to list their tokens and coins with Palmex and benefit from the compliance of the exchange.”

Crypto Exchange Approved for Regulatory Sandbox License in Bahrain

According to Arabianchain’s founder and CEO, Mohammed Alsehli, the company “will start with a limited number of select users to test and optimize the process and then expand to the rest.” CPI Financial wrote:

The licence goes into effect on 15 July as part of a rigorous application process that verified its security systems, policies, processes and controls to protect customers. Whilst in the regulatory sandbox, companies are required to adhere to CBB regulations.

The CEO believes that “a significant rise in awareness and adoption [of cryptocurrency] could be expected, driving a huge spike in the number of trades and token-based fundraising across the region while maintaining the safety of the financial system,” CPI Financial conveyed.

What do you think of the Central Bank of Bahrain granting Palmex a regulatory sandbox license? Let us know in the comments section below.


Images courtesy of Shutterstock, Arabianchain, and Palmex.


Need to calculate your bitcoin holdings? Check our tools section.

The post Crypto Exchange Approved for Regulatory Sandbox License in Bahrain appeared first on Bitcoin News.

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Driver Too Young for License Killed 3 Teens, Cops Say

June 10, 2018 |

A teen driver who cops say was too young to have a license when she allegedly crashed her father’s SUV last week will be charged in the deaths of three passengers. At 15, Cindy Sanchez will be charged with three counts each of manslaughter and criminally negligent homicide following the…
Newser