Saudi Central Bank Says Cryptocurrency Industry is “Not Mature Enough” to Warrant Regulation

In an interview with CNBC on Monday, Abdulmalik Al-Sheikh, senior adviser at Saudi Arabia’s central bank, stated that the regulator does not believe the cryptocurrency has matured enough to warrant regulation at this point in time. Mr. Al-Sheikh also stated that the central bank will wait and observe before delivering a determination regarding its regulatory position on initial coin offerings (ICOs). Also Read: Life After China’s Exchange Ban – an Interview With…

Wirex and SBI Holdings Partner Up, Prep to Launch Bitcoin Card in Japan

London crypto-payments company Wirex just partnered with Japanese-based SBI Holdings. Their goal is to produce a bitcoin and cryptocurrency payment card for Japanese customers. The partnership is geared to create more mass adoption for cryptocurrencies and break Wirex into the mainstream limelight.  Also read: Venezuelans Risk “Energy Theft” Arrest and Police Extortion Mining Bitcoin Wirex also has an early start in japan, as it has an initial customer base. Their CEO, Pavel…

Bitcoin Could Face Ethereum-Style Split

Loss of public trust and utility, branding issues, a market capitalization crash, and a collapse of trust in the entire crypto-currency space. A contentious Bitcoin hard fork, which represents a change to the Bitcoin protocol requiring all nodes to update, could indeed result in two Bitcoins. Exactly this – a split network – happened in the wake of Ethereum’s choice to hard fork after the $56 million hack of the…

Alaska Introduces A Bill to Regulate and License Bitcoin Businesses

The State of Alaska has introduced a bill this week defining digital currency, as well as broadening its definition of money transmission to include it. A wide array of business functions would require money transmission licenses, including buying and selling through a third party, transmitting, controlling, and issuing digital currencies. Also read: Bitfinex Will Not Obtain License to Do Business in Washington State Introduced by representatives Zach Fansler and Sam Kito III,…

Exchanges Issue Contingency Plan in Event of Bitcoin Split

As the likelihood of a Bitcoin hard fork increases, a document published March 17 details a contingency plan that nearly 20 exchanges plan to be a part of in the event of a split in the Bitcoin network. Exchanges include ones with massive amounts of volume, such as Bitfinex, BTCC, Kraken, and ShapeShift, as well as some lesser-known exchanges. The reasoning behind these actions was not philosophical as the document…

Major DDoS Attacks Hit Bitcoin.com

Large scale DDoS attacks on Bitcoin.com and its subdomains started a few days ago and have heightened over the past 48 hours, in an apparent attempt at targeting the “big block” side of the ongoing disagreement within the Bitcoin community on how to scale Bitcoin. Also Read: Antpool Points 75% Hashpower at BU, While Exchanges Confirm Listing a Split Truth Under Attack When Bitcoin.com re-launched the updated site in 2015, it was…