#Regulation

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

Two U.S Giant Financial Regulatory Watchdogs Join Forces to Fight Crypto-Related Fraud

May 7, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Officials of the United States Securities and Exchange Commission (SEC) and that of the Commodity Futures Trading Commission (CFTC) have pledged to collaborate more in the fight against bad actors in the U.S cryptocurrency, blockchain ecosystem and the nation’s finance sector. The Need for Collaboration Unlike most nations that have...

Norwegian Court Rules Against Bitcoin Exchange Bitmynt AS

May 7, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Finance, News, Regulation

A Norwegian bitcoin exchange Bitmynt AS has lost a lawsuit that was filed in 2017 against Nordea Bank AB. The lawsuit was filed by Bitmynt AS founder Sturle Sunde shortly after the bank suspended its account citing nefarious use in April 2018. The Verdict Judge Elisabeth Jordan Ramstad of Oslo...

Authority man findin a cryptocurrency mining machine

Chelan County Introduces Security Measures after Mining Ban Sparks Agitation

May 7, 2018 by contributor at Altcoins, Bitcoin, Mining, News, Regulation

The cryptocurrency world has been peaceful for the most part, with isolated cases of aggression observed only during instances of an exit-scam or downright fraud. However, in Washington State’s Chelan County, locals and cryptocurrency miners are in the midst of agitated clashes following a mining ban, causing local police to...

Virgin Air Founder Publicly Denounces Bitcoin “Get Rich Quick” Schemes

May 7, 2018 by Rahul Nambiampurath at Bitcoin, Commentary, Ethereum, News, Regulation

Virgin Air founder Sir Richard Branson warned about investing in dubious bitcoin trading schemes in a blog post on May 3, 2018. He advised people to not believe or invest their hard earned money in a cryptocurrency trading scheme that sounds too good to be true. There have also been...

Crypto-friendly Arizona’s Bitcoin for Tax Dream Gets Major Challenge

May 6, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

While states like New York are busy formulating innovation-stifling laws for the blockchain-based virtual currency ecosystem, Arizona sees the world of distributed ledgers technology a bit more clearly. However, a clog has appeared in the wheels of the state's movement towards the acceptance of bitcoin and other cryptocurrencies for tax...

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

World’s Third Largest Cryptocurrency Exchange Huobi to Extend Reach to Canada

May 6, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

2018 has been the year of cryptocurrency regulation, and departure of various blockchain-based digital currency powered businesses from unfavorable regions to more vibrant areas. Now, Huobi exchange has announced its moving to Canada for greener pastures. Huobi’s Expansion Plans The Singapore-based bitcoin exchange, and the world’s number three by 24-hour...

After Malta, Bermuda Is Betting Big On Blockchain

May 6, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation, Tech

Bermuda’s efforts to emerge a hotbed for FinTech innovation and entrepreneurial success continues as the government intensifies policy reforms to make room for an empowered blockchain industry. The push to embrace the still-nascent industry is being spearheaded by the Bermuda Business Development Agency (BDA) under the guidance of a...

Class Action Lawsuit Filed Against Ripple as Investor Questions its “Never Ending ICO”

May 6, 2018 by contributor at Altcoins, Finance, News, Regulation

Ripple’s controversial XRP token has come under fire after an investor sued the blockchain-based payments network for allegedly “defrauding” investors. Shots Fired! On the morning of May 4, 2018, Ryan Coffey filed a lawsuit against Ripple in the San Francisco County Superior Court seeking damages from Ripple on “behalf of...

Longfin Blockchain Firm’s Woes Continues as Judge Backs Asset Freeze Worth $27 Million

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

The fortune of Longfin Corp. has taken a severe downturn since the firm’s shares skyrocketed by 2,600 percent in December 2017. Now, US authorities have extended the freeze of the firm’s assets following results of investigations it launched a few weeks ago. Judge Supports the SEC According to reports, a...

Can Bitcoin Exist Without Trust?

May 5, 2018 by David Balaban at Bitcoin, Commentary, Finance, News, Regulation, Tech

In an individualistic commodity society, there are no relationships of solidarity that protect you against uncertainty. The existence of a person in such a community depends only on his ability to acquire (buy) the things he needs on the market. For this reason, individuals are looking for an item that...

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