News

Facebook eases ban on cryptocurrency ads

Agence France-Presse
Updated as of Jun 27 07:22 AM

Facebook said Tuesday it was easing a ban on ads for cryptocurrencies while keeping a prohibition on initial coin offerings to raise assets. Read more »

Digitized peso free from cryptocurrency speculation: RCBC

ABS-CBN News
Updated as of Jun 26 09:55 AM

The Philippines 10th largest lender launched the ePiso last March, allowing clients to transact using digital wallets. The bank said it would also help bring financial services closer to the countryside. Read more »

Unregulated British firm closes investors' accounts

Carolyn Cohn, Engen Tham and Cindy Silviana, Reuters
Posted at Jun 22 01:01 AM

Financial watchdogs in Britain, Indonesia, Laos, the Philippines, Thailand and the UAE placed the company on alert lists of unauthorized investment firms with whom investors should exercise caution, adding to previous warnings from Malaysia and Singapore. Read more »

Hackers steal $30 million from top Seoul bitcoin exchange

Agence France-Presse
Posted at Jun 20 05:00 PM

Hackers stole more than $30 million worth of cryptocurrencies from South Korea's top bitcoin exchange, sending the unit's price falling around the world on Wednesday. Read more »

Bitcoin could 'bring internet to a halt': BIS

Agence France-Presse
Posted at Jun 18 08:07 PM

The Bank for International Settlements in a report warned digital currencies like bitcoin could overwhelm and break the internet if they continue to grow. Read more »

Bitcoin 'whales' pulling cryptocurrency strings

Kevin Trublet, Agence France-Presse
Posted at Jun 13 12:53 PM

So-called 'whales' or big players can 'dictate monetary policy, which is normally the function of a central bank or a government,' an analyst said. Read more »

Cryptocurrency market consolidating, says PDAX CEO

ABS-CBN News
Posted at Jun 11 08:18 PM

Bitcoin's fall from a dizzying exchange rate of 1 to $19,000 in December last year to around $7,000 today should be seen a "consolidation," one of the founders of a new cryptocurrency exchange said on Monday. Read more »

Cryptocurrencies tumble after South Korea hack

Agence France-Presse
Posted at Jun 11 03:28 PM

Cryptocurrencies plunged in Asia on Monday after a hack on a South Korean exchange sparked fresh concerns about the safety of the digital units. Read more »

Cryptocurrency addicts seek treatment at Scottish clinic

Agence France-Presse
Posted at May 29 09:16 PM

A Scottish addiction clinic has begun treating people who are hooked on trading cryptocurrencies. Read more »

What you need to know before investing in crypto

ABS-CBN News
Updated as of May 29 07:34 AM

An investor who saw a 39,000 percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams. Read more »

Globe fintech sticking to fiat currencies for now: CEO

ABS-CBN News
Posted at May 22 06:50 AM

Financial technology firm Mynt, which operates e-wallet GCash, believes in the value of blockchain technology but is unlikely to “touch” cryptocurrencies, its CEO said. Read more »

$100-M fintech hub to rise in Cagayan

ABS-CBN News
Posted at May 21 11:58 PM

MANILA - A $100-million facility that will house foreign financial technology companies will open at the Cagayan Economic Zone Authority (CEZA) in 2 years' time, the head of the agency said on Monday. Read more »

Soon screening near you? Blockchain tech premieres at Cannes

Agence France-Presse
Posted at May 16 01:27 PM

Blockchain may not be the most glamorous new star at the Cannes festival but experts touting the technology say it will rock the world of film even if the red carpet crowd doesn't know it yet. Read more »

DOJ urged to reinstate syndicated estafa raps vs bitcoin investment scam couple

Ina Reformina, ABS-CBN News
Posted at May 03 09:33 PM

The Philippine National Police (PNP) urged the Department of Justice (DOJ) to reverse its earlier ruling finding probable cause for the bailable offense of estafa against a couple implicated in an alleged P709.21-million cryptocurrency scam and reinstate the original case and higher crime of syndicated estafa. Read more »

Philippines still a 'cash-based' society: Espenilla

ABS-CBN News
Posted at May 03 09:00 PM

Cash is still king in the Philippines, says BSP chief Nestor Espenilla.  Read more »

Japan's 'cryptocurrency evangelist' relaxes by going offline

Jan Yumul, ABS-CBN News
Posted at Apr 26 07:22 PM

He may be a staunch advocate of all things digital, but Japan's "cryptocurrency evangelist" Tadashi Izumi says that when it comes to relaxing, he prefers being offline.  Read more »

SEC to hold meetings with cryptocurrency, blockchain stakeholders

ABS-CBN News
Posted at Apr 24 01:50 AM

Securities and Exchange Commission (SEC) officials plan to meet with stakeholders to help craft new rules on cryptocurrencies in the country. Read more »

Cryptocurrency scams now rampant says SEC

Warren De Guzman, ABS-CBN News
Posted at Apr 18 06:14 PM

The Securities and Exchange Commission on Wednesday warned that internet-based bitcoin and cryptocurrency ponzi schemes are now running rampant. Read more »

New York investigates cryptocurrency trading exchanges

Agence France-Presse
Posted at Apr 18 04:44 AM

New York state authorities on Tuesday said they have launched a probe into platforms that trade cryptocurrencies like bitcoin, including potential fraud and conflicts of interest. Read more »

Angal ng naaresto sa bitcoin scam: Abduction iyon, hindi huli

ABS-CBN News
Posted at Apr 13 10:18 PM

Giit ng umano'y bitcoin scam mastermind na si Arnel Ordonio, nagsabwatan ang ilan sa kaniyang mga investor at mga pulis para masamsam ang kaniyang ari-arian.   Read more »