No new virtual currency accounts can be made from Jan. 1st to at least Jan.

No new virtual currency accounts can be made from Jan. 1st to at  least Jan.

Starting from January 1st, no new accounts can be made for trading virtual currency, at least until January 20th. Anonymous digital currency accounts are now banned, and it will take up to a month for most banks to adopt a real-name system. The Financial Services Commission on Monday said they requested that all banks stop creating new virtual currency accounts at a meeting last Thursday. This is a part of…

Crypto Market Today 09/08/18 | SVK Crypto ‘Gone’ in 60 seconds

Here are 3 things that you should know about in the crypto markets today! Number 1, ShapeShift to acquire Bitfract. Number 2, Goldman Sachs to offer crypto custody and number 3 Microsoft partners with Ethereum. ShapeShift, a swiss-based crypto currency exchange, has just purchased Bitfract, Texas based startup. This is massive news and the reason why is because Bitfract that created the technology that allows one single Bitcoin transaction to…

Crypto Market Today 10/08/18 | SVK Crypto ‘Gone’ in 60 seconds

Here are 3 things you should know about the crypto markets today! Number 1, WeChat to incorporate blockchain into their app. Number 2, World Bank issues first digital bond on the blockchain and number 3 IBM partners with Maersk for new shipping supply chain. Technology giant Tencent is about to announce that it’s going to be incorporating blockchain technology into his popular app WeChat. This is huge! WeChat currently has…

Marketplace’s Molly Wood answers 5 questions about BITCOIN

Marketplace’s Molly Wood answers 5 questions about BITCOIN

Hey, I’m Molly Wood, host of Marketplace Tech,here to answer five questions about bitcoin.Bitcoin is an encrypted digital currency.It’s sometimes called a cryptocurrency.And it is a global payment system.But it’s built on top of this technology called blockchain,which is essentially a virtual ledgerthat keeps track of every transaction.And the ledger is publically distributed.So in theory, anyone can track the transactionsto verify that they’re real.It’s a little hard to estimate how…