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World Blockchain Roadshow 2018 – Asia and Europe • June 28 - August 18, 2018

That is the story of wbrshow.idacb.com — where you will find best investors from most popular areas. We picked up…

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Category: Regulation

Lawsuit against Ripple to Continue in Federal Court as Motion to Remand is Slammed

Category: Altcoins, News, Regulation

Lawsuit against Ripple to Continue in Federal Court as Motion to Remand is Slammed

A United States Court judge in Northern District of California has slapped down an investors motion to remand the class action suit against Ripple Labs on August 14, 2018. The case is now set to move to federal court. On the decision, Judge Phyllis J. Hamilton wrote that plaintiffs seek  “rescission of all XRP purchases, damages, and a constructive trust…

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Coinbase CEO Warns that Cryptocurrency Mass Adoption is a Long Way Off

Category: Development, Exchange, News, Regulation, Tech

Coinbase CEO Warns that Cryptocurrency Mass Adoption is a Long Way Off

In Mid August Brian Armstrong, CEO the world’s largest cryptocurrency exchange, Coinbase warned that mass adoption of cryptocurrencies is going to take much longer than expected. This is a possible harbinger of slowing growth in market capitalization in Bit coin. The Bitcoin price is currently over its psychological threshold of $6,000.  This is a barrier which was crossed twice in…

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The SEC Slaps Scam ICO Organizer with $30,000 Penalty

Category: Altcoins, Business, Finance, ICO News, News, Regulation

The SEC Slaps Scam ICO Organizer with $30,000 Penalty

According to a statement released by the United States Securities and Exchange Commission (SEC) on August 14, 2018, David T. Laurance, the organizer of a fraudulent initial coin offering (ICO) that issued Tomahawkcoins to California residents, has been penalized by the regulatory watchdog. Tomahawk Scam ICO Crushed Per the SEC order, Laurance sold Tomahawkcoins claiming to raise funds for oil…

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Hong Kong: Universities Receive $20 Million for Blockchain and Fintech Research

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Hong Kong: Universities Receive $20 Million for Blockchain and Fintech Research

Hong Kong’s push for implementing blockchain technology within its fintech prowess is fast progressing. The island country granted $20 million for the research and development of blockchain-based payments systems to several local universities, as reported by China News on August 12, 2018. Hong Kong’s Blockchain Push Hong Kong’s lack of innovative fintech products is spurring the government to turn towards…

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Winklevoss Brothers Continue Being Positive for Mainstream Crypto Adoption

Category: Altcoins, Bitcoin, Commentary, Finance, News, Regulation

Winklevoss Brothers Continue Being Positive for Mainstream Crypto Adoption

The Winklevoss brothers seem to be unfazed by the recent rejection of their proposed Bitcoin ETF by the US Securities and Exchange Commission (SEC), as they continue to make inroads in the cryptosphere. The twin brother’s owned crypto exchange Gemini aims to double its employee count by December 2018. Lack of Regulations a Major Hurdle Although the market sentiment has…

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Jeju Island Governor Announces Plans to Create a “Blockchain Hub”

Category: Altcoins, Bitcoin, Development, News, Regulation, Tech

Jeju Island Governor Announces Plans to Create a “Blockchain Hub”

Won Hee-ryong, governor of Jeju Island, made broke headlines on August 13, 2018, when he made a formal request to designate the island as a “special economic zone” for blockchain and cryptocurrency. Jeju To Become “Free International City” Jeju Island is an island south of the mainland of The Republic of Korea. This request was made earlier in August 2018…

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Inside Cboe’s Bitcoin ETF Plans

Category: Bitcoin, Exchange, Finance, News, Regulation

Inside Cboe’s Bitcoin ETF Plans

Months after announcing the industry’s first Bitcoin futures, Cboe Global Markets (Cboe) now aspires to become the first to list a Bitcoin exchange-traded fund (ETF). While the company still has to get a final nod from the U.S. Securities and Exchange Commission (SEC), speculative reports are suggesting that it’s only a matter of time till Cboe succeeds in persuading the…

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Saudi Arabia Declares Bitcoin Trading Is an Illegal Activity

Category: Altcoins, Bitcoin, Finance, News, Regulation

Saudi Arabia Declares Bitcoin Trading Is an Illegal Activity

Saudi Arabia’s financial watchdog, the Standing Committee for awareness on dealing in unauthorized securities has stated categorically on August 12, 2018, that cryptocurrency trading is illegal in the kingdom of Saudi Arabia. Bitcoin is Illegal in the Kingdom As stated in a press release by the standing committee, it is now officially against the law for citizens and residents of the Kingdom…

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China’s Ministry of IT Will Speed Up Development of Blockchain Industry

Category: Bitcoin, Blockchain, Investment, News, Regulation

China’s Ministry of IT Will Speed Up Development of Blockchain Industry

The Ministry of Industry and Information Technology of China has ordered local financial authorities to speed up the development of the blockchain industry by creating a healthy, orderly, and fair market for companies. Xinhua, the official state-run press agency of the People’s Republic of China, reported that the ministry will increase its efforts in growing the local blockchain sector by…

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Indian Cryptocurrency Regulations Likely to Materialize in December 2018

Category: Altcoins, Bitcoin, Blockchain, News, Regulation

Indian Cryptocurrency Regulations Likely to Materialize in December 2018

While the Indian Government has plans to adopt blockchain technology, the much-awaited Indian cryptocurrency regulations will take place later in 2018. It is also important to note that the finance ministry panel is evaluating the proposal to consider blockchain and cryptocurrencies separately. Taking Time to Accept Cryptocurrency The Indian Government under Narendra Modi has shown their interest to adopt blockchain…

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