Kim Dotcom’s Planned Token Sale Is Off, Says Bitfinex

Bitfinex and a blockchain project launched by Kim Dotcom have “mutually agreed” to part ways, scuppering a planned initial exchange offering (IEO) for the controversial internet entrepreneur. Citing the current “regulatory environment” and the “risks associated with raising funds” for the project, Bitfinex said in a blog post Wednesday that it was in the interest of its “community” not to host the sale of Dotcom’s kimcoin token. Dotcom was notably the founder of Megaupload, a file-sharing site shut down in 2012 for violating piracy laws by the U.S. Department of Justice. He’s currently…

Binance to Advise Ukraine Government on Upcoming Crypto Regulation

Malta-based cryptocurrency exchange Binance has agreed to help Ukraine prepare new rules for cryptocurrencies, as well as digitize the country’s finances. Announced by the exchange Wednesday, Ukraine’s Ministry of Digital Transformation has signed a memorandum of understanding (MoU) with Binance to work together on “establishing the potential legal status of virtual assets and currencies in the country.” The ministry was founded in September to supervise Ukraine’s transition to a digital economy and online government services. Under the MoU, Binance and the ministry will start a joint working group to discuss…

Hong Kong Unveils New Rules for Cryptocurrency Exchanges

Today, Hong Kong’s financial regulator — the Securities and Futures Commission (SFC) — has published a new set of regulations for Bitcoin (BTC) and cryptocurrency exchanges. The initial announcement, reported by Reuters, was made by Chief Executive Ashley Alder at a local fintech event on Nov. 6.  Regulatory clarity for crypto exchanges The new requirements detail how exchanges much approach custody and compliance, particularly with regards to Know Your Customer (KYC) and Anti-Money Laundering rules. Specifically:  “A platform operator should comply with the KYC requirements which are applicable to a…

Bitcoin (BTC) Price Could Accelerate To $9.8K Unless It Breaks $9.2K

Bitcoin price is holding a couple of important supports near the $9,200 level against the US Dollar. The price is likely to accelerate gains if there is a clear break above the $9,400 and $9,500 levels. There is a major breakout pattern forming with resistance near $9,375 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum and ripple are also trading with a positive bias above $185 and $0.2950 respectively. Bitcoin price is consolidating above key supports against the US Dollar. BTC price is likely to…

Bitcoin And Crypto Market Could Rise Steadily: BCH, Tron, XLM, ADA Analysis

The total crypto market cap is holding a key support near the $240.0B and $238.0B levels. Stellar (XLM) price surged in the past few days and settled above the $0.0800 resistance. Bitcoin cash price is up more than 2% and it is approaching the $300 resistance area. Tron (TRX) price is currently correcting lower and it is approaching the $0.0195 support. Cardano (ADA) price is slowly rising and it could soon test the $0.0460 and $0.0475 resistances. The crypto market cap and bitcoin (BTC) are rising steadily. Ethereum, BCH, ripple,…