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North Korean Internet Use Spikes 300% as Regime Turns to Cryptocurrencies

North Korea’s internet use saw a 300% surge over the past three years, as the country’s regime has continued to rely on cryptocurrencies for various activities.Exploitation of crypto and blockchain technology is among the primary tactics for the country to generate revenue as well as transfer and use illicitly

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Platform Will Support More Cryptocurrencies and Possibly Lightning Network

During an exclusive interview with CryptoX, BitPay CEO Stephen Pair said that the platform would soon add support for more cryptocurrencies, along with a possible Lighting Network integration.While Pair was unable to disclose which cryptos would be added to the platform next, he mentioned there’s focus on the top

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Ledger Wallet Co-Opts Controversial Pro-Brexit Slogan for Cryptocurrencies

As the United Kingdom exits the European Union, a new ad campaign by French crypto hardware wallet firm Ledger is reviving one of the most divisive pro-Brexit slogans, “Take Back Control,” to ambiguous effect.An email shared with CryptoX on Jan. 30 revealed Ledger’s mock-up of a planned billboard for

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Bittrex Secures $300 Million Insurance for Cryptocurrencies in Cold Storage

Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage.Bittrex announced in a blog post on Jan. 29 that the exchange obtained specialty insurance for corporations by insurance firm Lloyd’s of London after working with major insurance

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Binance US Now Offers Staking Rewards for These Two Cryptocurrencies

Binance US has joined other major exchanges in the staking game, adding staking rewards for cryptocurrencies algorand (ALGO) and cosmos (ATOM).Announced Wednesday, the exchange said returns will be given on a monthly basis.ALGO and ATOM are the only proof-of-stake (PoS) cryptocurrencies currently available on Binance US, a California-based licensee of

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ESMA Wants to Create ‘Sound Legal Framework’ for Cryptocurrencies in 2020

The European Securities and Markets Authority (ESMA) plans to push for more regulation around cryptocurrencies and related products as part of their 2020 focus.ESMA published its 2020-2022 priorities list Thursday, noting that EU capital markets are facing new risks from digitalization. The organization wants market participants to acknowledge and prepare

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Uzbekistan Bans Citizens From Buying Cryptocurrencies

The government of Uzbekistan has reportedly barred its citizens from purchasing cryptocurrencies.According to local news outlet Novosti Uzbekistana on Dec. 25, the National Project Management Agency has banned citizens from purchasing crypto, even on established exchanges. The decision comes as a surprise to many, as the country has previously displayed

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