Binance Set to Launch Its First Crypto-Fiat Exchange in Uganda

Changpeng Zhao, the CEO and founder of Binance, said the company is about to launch a crypto-fiat exchange in Uganda, in an exclusive interview with Cointelegraph today, June 28.

The new platform, Binance Uganda, will be the company’s first foray into fiat-crypto trading - supporting the Ugandan Shilling, alongside major cryptocurrencies - and is set to launch imminently.

Zhao, better known in the crypto industry as ‘CZ,’ told Cointelegraph that the move “shows Binance is not just into chasing the most developed markets”:

    “We think that crypto has a very strong use case in less developed countries… there’s more money to be made in a more developed country, but we want to distribute crypto to the rest of the world.”

Cryptos Rock 6 Month Low as Bears Pummel the Markets

Markets are crashing, altcoins getting hit hardest are EOS, Iota, Ethereum Classic, and Ontology. The selling pressure has gained momentum in the last 24 hours and markets have slid for their lowest levels this year. Total market capitalization has dropped to just over $250 billion which marks the 3rd big dip of 2018. Bitcoin has been hammered losing 7.8% on the afternoon falling back again to $6,150 marking its lowest level in 2010 and a cost range not seen since October 2017.

See how Police Track Down Dark Web Market Vendor Through Bitcoin Transactions on Localbitcoins.com.

• Dark web drug dealer Gal Vallerius was caught after failing to set up his tip jar on the Dream Market where he went by "OxyMonster."
• Police managed to track him through his bitcoin transactions and arrested him while he was on his way to the World Beard and Mustache Championship.

French national Gal Vallerius, 36, has recently pleaded guilty to various charges related to drug sales on the dark web in the US after authorities managed to track him down through his bitcoin transactions. He was a well-known vendor on Dream Market, where he went by OxyMonster.

LA Bitcoin Trader Faces 30 Months in Jail for Trading Bitcoin on LocalBitcoins com?

Crypto Markets Rebound After News the US SEC Will not Consider Ethereum a Security

June 14th: all but two of the top 100 cryptocurrencies by market capitalization are making gains, according to Coinmarketcap data. Gains in of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month. Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law.

South Korea’s Supreme Court: Bitcoin is an Asset

South Korea’s Supreme Court just ruled that bitcoin is a legally recognizable asset. The landmark ruling occurred on May 30, 2018, and it overturns a decision made by one of the country’s lower courts in a case dating back to last year.

In September 2017, the Suwon District Court charged 33-year-old Ahn with the sale and distribution of child pornography. Operating a website since 2013, Ahn was arrested in May of 2017 for disseminating some 235,000 obscene files. Even though the court handed Ahn a guilty verdict and 18 months in prison for his actions, it did not confiscate the 216 bitcoins Ahn accumulated in exchange for the porn.

Happy New Month !

Happy new Month Bitcoiners !