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U.S. Federal Court Accepts Cryptocurrency for Bail of Hacker

August 21, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Finance, News, Regulation

According to an Engadget report on August 19, 2018, a United States Federal Court has ordered Martin Marsich -the hacker who allegedly broke into the internal computer network of a Redwood City video game firm, Electronic Arts (EA) - to pay for his bail with $750,000 worth of bitcoin or other...

FINRA Releases Alert on Cryptocurrencies and ICOs

August 21, 2018 by Cindy Huynh at Altcoins, Bitcoin, ICO/IEO, News, Regulation

According to the Financial Industry Regulatory Authority (FINRA), Initial Coin Offerings (ICOs) and cryptocurrencies are investments that have significantly higher risks than conventional assets like stocks and bonds. FINRA noted that cryptocurrencies hold significant uncertainty and may even be fraudulent. While all forms investments come with a certain level of...

Cloud Mining Platform Genesis Wants “Unprofitable” Miners to Upgrade Their Contracts to Avoid Termination

August 19, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Mining, News, Regulation, Tech

The bearish trend that has been affecting the global crypto market for a while now seems to have finally taken its toll on Genesis Mining, one of the world’s leading cloud mining providers. The company published a blog post on Aug 16, 2018, implying that it is left with no...

Blockchain Benefits Remains Unclear For Commodity Traders

August 19, 2018 by Cindy Huynh at Blockchain, Finance, Investment, News, Regulation

The Boston Consulting Group (BCG) released a report on August 16, 2018, which outlined the complexities of implementing blockchain technology in enterprise and corporate systems. The group urged senior executives to reconsider the benefits of the innovation and assess the potential drawbacks before proceeding with the nascent technology. Blockchain’s Potential...

Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange

August 19, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Ethereum, Investment, News, Regulation

Binance, the world's largest cryptoassets exchange by 24-hour trading volume, has announced the launch of a fiat-to-crypto exchange in the heart of Europe. It will offer trading between the Swiss Franc (CHF) and Euro (EUR) against a handful of established digital assets, as per an August 16, 2018, press release....

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

August 17, 2018 by Aisshwarya Tiwari at Altcoins, News, Regulation

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 ...

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

August 17, 2018 by Eric Czuleger at Development, Exchange, News, Regulation, Tech

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...

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

August 17, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Finance, ICO/IEO, News, Regulation

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...

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

August 17, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

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...

Winklevoss Brothers Continue Being Positive for Mainstream Crypto Adoption

August 16, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Commentary, Finance, News, Regulation

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...

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

August 16, 2018 by Nigel Dollentas at Altcoins, Bitcoin, Development, News, Regulation, Tech

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...

Inside Cboe’s Bitcoin ETF Plans

August 15, 2018 by Priyeshu Garg at Bitcoin, Exchange, Finance, News, Regulation

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...

Saudi Arabia Declares Bitcoin Trading Is an Illegal Activity

August 15, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

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...

China’s Central Bank Promotes Blockchain Utility

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

August 14, 2018 by Joseph Young at Bitcoin, Blockchain, Investment, News, Regulation

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...

Supreme Court of India Reschedules Cryptocurrency Ban Petition to September 2018

Indian Cryptocurrency Regulations Likely to Materialize in December 2018

August 14, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, News, Regulation

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...

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