Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

Good morning. Here’s what’s happening:Prices: Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations.Insights: GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use of trademarks. Being a meme coin doesn't absolve it from the duties and liabilities inherent in…

markets Bitcoin (BTC) could be in for a stronger recovery rally ahead of New Year as the recent major sell-off looks to be fading. The leading cryptocurrency by market value had been trading near $3,200 early yesterday, representing an 83 percent drop from the record high of $20,000 reached the same date in 2017. However,…

news Cryptocurrency exchange Bitfinex has released the official white paper for its $1 billion exchange token sale, revealing it will also launch a dedicated platform for projects to raise funds via similar initial exchange offerings (IEOs) starting from next month. Bitfinex published the white paper Wednesday, confirming recent reports that it’s aiming to raise up…

New platforms for cross-border central bank digital currencies (CBDCs) could be more efficient and safe, while still ensuring countries can impose compliance checks and capital controls, an official from the International Monetary Fund said on Monday.Tobias Adrian, director of the IMF’s monetary and capital markets department reckons one global CBDC platform that will allow for…

CEXs Vs. DEXs: The Future Battle LinesSince the formal introduction of Ethereum in 2014, the network has exploded with products that allow users to transact directly with one another, without relying on a third party. One of the most common use cases is that of a decentralized exchange (DEX), an idea that dates back to…

The Energy Information Administration, a division within the Department of Energy, said it would solicit feedback on its crypto miner survey after coming to an agreement with the Texas Blockchain Council and Riot Platforms (RIOT).According to the agreement, the EIA will publish a notice proposing its planned miner survey, taking comments for 60 days. The

BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA), according to a Wednesday announcement from the U.S. Department of Justice (DOJ). According to newly published court documents, the Seychelles-based crypto exchange willfully failed to set up an adequate know-your-customer (KYC) and anti-money laundering (AML) program at the exchange between September 2015 and September

Walmart's recent patent efforts have showcased how the retail giant is investigating blockchain, and a new filing points to a focus on autonomous delivery drones. The application was published on August 30, detailing a system by which "autonomous electronic devices" communicate with each other wirelessly and pass transported objects to each other after an identification process.…

news Top adult entertainment site Pornhub may expand the range of cryptocurrencies it offers to pay performers for their work after PayPal abruptly cut off service. “We currently pay out in verge and are evaluating adding other cryptocurrency payout options,”  Corey Price, a vice president at Pornhub, told CoinDesk Thursday. More than 100,000 performers who…