#Regulation

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...

Thailand: Police Crush Bitcoin Scam Worth Over $30 Million, Local Celebrities Involved

August 13, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Investment, News, Regulation

The Crime Suppression Division (CSD) of the Thai police have clamped down on a group of fraudsters who orchestrated a Bitcoin scam scheme that succeeded in swindling Aarmi Otava Saarimaa, a 22-year old Finnish national, of over 5,000 bitcoins, as first reported by the Bangkok Post on August 13, 2018....

Australian Cricket star Enrages fans with “Controversial” ICO Endorsement

August 12, 2018 by Priyeshu Garg at Exchange, ICO/IEO, Investment, News, Regulation

Former Australian international cricket captain, Michael Clarke, has become embroiled in a spot of controversy after he publicly endorsed an ICO for Global Tech, a new Australian cryptocurrency exchange. Since he posted the tweet on August 8, 2018, several displeased fans have responded negatively, with a notable hedge fund manager...

Ohio Creates a Framework for Blockchain Adoption

August 10, 2018 by Eric Czuleger at Adoption, Blockchain, Business, Finance, News, Regulation

Ohio has become another in the list of states to develop a legislative framework which recognizes the use of blockchain technology to secure electronic records across a wide range of industries according to August 7, 2018, reports. Ohio Joins the Revolution Governor and former presidential candidate John Kasich enacted legislation...

Brazil Presidential Candidate Trusts Bitcoin’s Potential as a Legal Means of Payment

August 10, 2018 by Aisshwarya Tiwari at Adoption, Bitcoin, Blockchain, Finance, News, Regulation

Running for Presidency this October from Partido NOVO, or The New Party, João Amoêdo believes that a digital currency like bitcoin could be adopted in the Brazilian economy to establish an efficient digital payment mechanism, provided there are enough regulations to supervise its use. Amoedo shared his thoughts during an...

Iranian Hackers Develop Ransomware to Secure Bitcoin Amidst Looming U.S. Sanctions

August 9, 2018 by Cindy Huynh at Bitcoin, News, Regulation

Iranian hackers are currently responsible for a series of ransomware attacks. These attacks tend to render a computer system unusable until a certain number of bitcoins are paid, As reported by the Wall Street Journal on August 7, 2018. Though it’s uncertain whether the actors responsible are the Iranian government, criminals,...

US SEC Delays Decision Concerning Bitcoin ETF Until September 30

August 9, 2018 by Cindy Huynh at Adoption, Bitcoin, Regulation

The US Securities Exchange Commission (SEC) released an official document on August 7, 2018, which outlined their decision to defer the listing and trading of a Bitcoin exchange-traded fund (ETF) until September 30. SEC Delay a Major blow to Cryptocurrency Enthusiasts An ETF is a form of investment that tracks...

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