#Regulation

Google and Facebook under Fire for “Unethical” Cryptocurrency Ban

June 6, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation, Tech

While Google’s famous motto says “Don’t be evil,” industry experts believe that the company’s self-policed decision to ban cryptocurrency adverts on its platforms is “ill-thought-out and potentially even unethical.” Google’s Mixed Signals The policy came into effect in June 2018, after Google announced the ban in March 2018. Additionally, social...

A Guide to Airdrops Part 1: The Beauty of Airdrops

Cryptocurrency Firms Boost their Blockchain Projects by Airdropping Tokens

June 6, 2018 by Cindy Huynh at Altcoins, Business, Finance, News, Regulation

Blockchain projects are continuously announcing giveaways which include a lot of free tokens. While it appears a clever marketing strategy, some wonder whether this new approach is actually legal. Preference to ICOs Airdropping in 2018 is the equivalent of initial coin offerings (ICOs) in 2017. Instead of selling the tokens,...

HitBTC Cryptocurrency Exchange Stops Servicing Japanese Residents

June 5, 2018 by Ogwu Osaemezu Emmanuel at Business, Finance, News, Regulation

The regulatory wars continue. The eighth largest crypto exchange in the world by traded volume, HitBTC, has barred Japanese citizens from using its platform citing regulatory issues. Goodbye Japan According to a blog post by the firm on June 3, 2018, the HitBTC team has made it clear its effort...

New York-based Law Firm Develops Crypto Litigation Tracker

New York Authorities Submit Proposal to Form Digital Currency Task Force

June 5, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

The Bitcoin flag is firmly setting deep roots around the world, with authorities making swift moves to regulate the burgeoning digital assets sector. In a development on May 30, 2018, the New York State Assembly proposed launching a digital currency task force to evaluate the cryptocurrency and blockchain sector. Integrate...

CFTC Chairman to Senators on Bitcoin: “We owe it to this new generation to respect their interest”

SEC Appoints Cryptocurrency Advisor to Spearhead Development and Regulations

June 5, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

On the heels of New York state legislation proposing a digital currency task force, the U.S. Securities and Exchange Commission (SEC) went one step ahead and appointed a cryptocurrency advisor on June 4, 2018. SEC’s Blockchain Push As per the official announcement, Valerie A. Szczepanik will now spearhead the SEC’s...

Meet the Unknown Bank That Is Funding Major Cryptocurrency Exchanges

June 4, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News, Regulation

The somewhat hyped Consensus 2018, witnessed a deep interest in a San Diego-based small community money-lender Silvergate Bank. It has been hailed as a lifeline for cryptocurrency exchanges and enterprises which have been shown the exit by Wall Street banks. The Lifeline for the Crypto Industry According to a report...

China at Risk of Losing out on Bitcoin Revolution, Says State-owned Newspaper

June 4, 2018 by contributor at Altcoins, Bitcoin, Blockchain, News, Regulation, Tech

Around the world, cryptocurrencies are fast threading along a relatively positive path towards acceptance, as governments and regulators are testing, deploying, and evaluating the integration of blockchain and cryptocurrency into their existing economic systems. Country’s Redundant Crypto Laws As per as a report by state-owned Global Times, considerate Chinese cryptocurrency...

Singaporean Entrepreneur Acquires FX Trade Financial and Cryptocurrency Exchange

June 4, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News, Regulation

BitTrade For $50 Million Eric Cheng has completed a 100 percent stake acquisition of FX Trade Financial and its affiliate company BitTrade. The Singapore based entrepreneur shelled out S$67 million ($50 Million) for the acquisition, making him the first foreign investor with a 100 percent stake in a Japanese cryptocurrency...

Maple leaf coin representing cryptocurrency in front of Canadian flag. The First Cryptocurrency Investment Fund launches in Canada, providing a safe way to invest in bitcoin

Canada May Introduce Regulations for Hydroelectric-powered Cryptocurrency Mining

June 4, 2018 by contributor at Mining, News, Regulation, Tech

Canada could soon see cryptocurrency mining regulations introduced, as the Couillard government devised a framework in May 2018 that proposed selling excess power from Quebec’s hydroelectric plants to miners. Quebec’s Mining Push As per a report on Le Journal de Montreal, Canada’s Minister of Energy, Pierre Moreau, presented a decree...

The Writings On The Wall For Alleged Cryptocurrency Ponzi Scheme

Indian Bitconnect Promoters Attacked by Angry Investors

June 3, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Crime, News, Regulation

While the Bitconnect Ponzi scheme has been dead and buried in the U.S., its ghost is still causing mayhem in India. In the latest development, the Ahmedabad Criminal Investigation Department (CID) has arrested a Bitconnect investor, Shailesh Bhatt for forcefully extorting more than 2,000 bitcoin from promoters of the cryptocurrency-powered...

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