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Viber to Launch Cryptocurrency in 2019, Slated to Reach over 100 Million Russian Citizens

July 6, 2018 by contributor at Altcoins, Business, News, Regulation, Tech

Viber, the Luxembourg-based messaging and video call app with over 100 million users in Russia alone, has announced its intentions to launch a native cryptocurrency in 2019. Viber Studying Russian Law Local news outlet Tass reported the development on July 3, 2018. Rakuten, a Japanese e-commerce business conglomerate, and early-stage...

Russia to Allow Cryptocurrencies Trading on Stock and Commodity exchanges

Italian Law Enforcement Seizes all Bitcoin Holdings of Previously Hacked Exchange BitGrail

July 6, 2018 by John Iadeluca at Bitcoin, Finance, News, Regulation

The Italy-based exchange BitGrail has halted all trading activities and defaulted the site as being “under maintenance” after it’s core team confirmed Italian law enforcement had seized all bitcoin in the companies accounts. This comes months after approximately $170 million worth of the cryptocurrency NANO was hacked and stolen from...

SEC Settlement: Illegal Cryptocurrency Stock Sellers Dictated to Return Ill-Gotten Profits

SEC Settlement: Illegal Cryptocurrency Stock Sellers to Return Ill-Gotten Profits

July 6, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Crime, News, Regulation

A lawyer and his firm's business affairs manager in the state of Nevada have reached an agreement with the Security and Exchange Commision (SEC) to settle their ongoing illegal stock sale case. Attorney T.J. Jesky and his right-hand man Mark F. DeStefano were named in a lawsuit by the SEC,...

Chinese Courts Rule that Blockchain Based Evidence is Admissible for the First Time Shaurya Zach Thursday yes news archive done

China: Courts Regard Blockchain as Credible Evidence in Cases

July 5, 2018 by Crypto Advocate at Altcoins, Bitcoin, Blockchain, News, Regulation

As the societal applications of blockchain technology continue to grow, the world is now seeing the once conservative field of law being infiltrated with this innovative technology. Infiltrated may not be the proper term as the Internet Court of Hangzhou in China ruled blockchain-derived evidence is now admissible in Chinese...

No, Xiaomi Did not Sell its Shares for Cryptocurrency

July 5, 2018 by contributor at Finance, News, Regulation

Cryptocurrency company, Blackmoon, is reportedly offering tokenized shares of Xiaomi, the world’s fourth-largest smartphone manufacturer, to investors as the latter offers an Initial Public Offering (IPO) on the Hong Kong Stock Exchange (HKEX). Xiaomi’s Tokenized Shares Blackmoon, a Cyprus-based crypto company, sells its tokens to investors and aims to use...

Bank of Korea to Establish Digital Asset Task Force

South Korea Launches Investigation into Crypto Exchanges’ Management of Personal Data

July 4, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, News, Regulation

With the endless cases of hacks and all forms of wrongdoing in the South Korean crypto space, it appears authorities are now ready to put a permanent end to the activities of bad actors within its digital currency industry. After imposing stringent Anti-Money Laundering (AML) and Know-your-Customer (KYC) laws, regulators...

Polish Citizens File Petition against Banks for Refusing Cryptocurrency-Based Businesses

July 4, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

Polish financial institutions have been doing everything within their power to shutter the operations of cryptocurrency exchanges as well as other Bitcoin-linked businesses in the region. While some firms such as BitBay have already migrated to countries with amenable crypto regulations, the Polish Bitcoin Association (PSB) has now filed a...

New Report Requested by The European Parliament Proclaims Cryptocurrencies Are here to Stay

July 4, 2018 by Nuno Menezes at Adoption, Bitcoin, Blockchain, Business, News, Regulation

The European Parliament Committee on Economic and Monetary affairs commissioned a report on cryptocurrencies with the goal of understanding the impact of the new technology on the future of finance and central banking. On July 2, 2018, the report was released and suggests cryptocurrencies are here to stay. Report says...

Indian Crypto Exchanges Denied Temporary Stay in Cryptocurrency Ban Case

Indian Cryptocurrency Exchanges Denied Temporary Stay in Cryptocurrency Ban Case

July 4, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Development, News, Regulation

The Supreme Court of India decided on July 3, 2018, to deny a temporary stay in the petition against the Reserve Bank of India’s directive forbidding banks to deal with crypto exchanges. RBI’s Directive Shocks India Although the blockchain and cryptocurrency industry seems to be blooming everywhere, India’s financial authorities...

Crypto Market Bloodbath Wipes out Vast Amounts of Wealth as Several Tokens Hit $0

July 4, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Commentary, Ethereum, Finance, News, Regulation

Bitcoin, the world’s cornerstone cryptocurrency commanding an estimated 43 percent of the crypto market, has suffered a series of sharp drops in value over the past few weeks. This decline has had a devastating effect on the entire cryptocurrency market, dragging its value downward with some tokens being rendered effectively...

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