Saudi Regulators Warn Against Trading Cryptocurrencies, Citing ‘High Market Risks’

saudi regulators warn against trading cryptocurrencies citing high market risks

A governmental committee of the Kingdom of Saudi Arabia has warned the public that trading digital currencies is illegal in the country, according to an Aug. 12 announcement by the Saudi Arabian Monetary Authority (SAMA). The warning was issued by the Standing Committee for Awareness on Dealing in Unauthorized Securities Activities in the Foreign Exchange Markets. The standing committee was established by supreme decree headed by Capital Market Authority (CMA), and contains such ministries as the Ministry of Media, Ministry of Commerce and Investment, SAMA, and the Ministry of Interior.…

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Crypto Movement: Ethereum (ETH) Drops Below $300 and Stellar (XLM) Passes EOS

crypto movement ethereum eth drops below 300 and stellar xlm passes eos

The cryptocurrency market has been all over the place lately with its price movements, and today, most of the top 10 cryptocurrencies are in the red. Today, we’re going to track the latest Ethereum news and Stellar news. Stellar (XLM) has made a phenomenal rise on the market lately, but it seems that the world’s second largest cryptocurrency, Ethereum (ETH), has dipped to a year-low today. Ethereum (ETH) Dips Below $300 Source: CoinMarketCap Ethereum news today has ETH hitting its year-low of below $300, as the coin took an unexpected…

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Controversial Stablecoin Tether Issues New Batch of USDT Tokens Worth $50 Million

controversial stablecoin tether issues new batch of usdt tokens worth 50 million

Tether (USDT) has issued new tokens worth $50 million on August 11, according to block explorer OmniExplorer. In late March, Tether had released 300 mln USDT tokens priced at $1 per token. Over the past 30 days, Tether’s market capitalization lost around $300 million, down from $2.7 billion in mid-July to the current $2.4 billion, according CoinMarketCap. Tether market cap 1 month chart. Source: Coinmarketcap Tether is now in second place after Bitcoin (BTC) in terms of highest daily trading volumes, seeing $4.2 billion in trades a day or 28.16…

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IOTA Foundation Undergoes Overhaul After Founders Shut Out of Directors Board

iota foundation undergoes overhaul after founders shut out of directors board

The IOTA Foundation released a public statement August 8 in order to quell fears of a major disagreement among senior management after a transcript of a discussion between the founders and the Board of Directors was leaked. A statement seen by Cointelegraph explains that following a period of uncertainty over IOTA founders Serguei Popov and Sergey Ivancheglo’s access to the Foundation’s Board of Directors, a Memorandum of Understanding (MoU) would now allow them access. As a German-registered non-profit, the IOTA Foundation needed to act within the law, meaning changing its…

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Crypto Markets Slump Again, With Bitcoin Holding Gains

crypto markets slump again with bitcoin holding gains

Saturday, Aug. 11: after short-lived recovery attempt yesterday, cryptocurrencies have suffered another slump today. Almost all cryptocurrencies are down by significant percentages, with Bitcoin (BTC) being a notable exception among the top 20 market cap, up under one percent on the day. Crypto market visualization from Coin360 Bitcoin is trading sideways, up by about 0.1 percent over the past 24 hours. The cryptocurrency is at the $6,438 price mark as of press time, following a dip to as low as $6,051 earlier today. After surging to about $8,230 on July…

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Stellar (XLM) and Coinbase Rumors Circulate—Facebook Talks with Stellar

stellar xlm and coinbase rumors circulate facebook talks with stellar

Stellar (XLM) is currently the only digital currency within the top 13 cryptocurrencies that is seeing any sort of gains on the crypto market today. So is there any Stellar news today? Stellar Rumors There has been no official announcement in Stellar news that would have pushed the cryptocurrency into the green, but there are rumors circulating, perhaps enough to boost investor confidence. Calling it right now. @StellarOrg next #crypto on @coinbase #Cryptocurrency #Stellar $XLM — CryptoCurrency 🤑 (@crypto_goat_) August 9, 2018 Nearly a month ago, Coinbase announced that it…

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