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Decentralized • November 14-16, 2018

After the huge success of Decentralized 2017, the University of Nicosia is proud to announce that Decentralized 2018 will take…

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Tag: regulation

Cryptocurrency Exchange Zeniex Terminates Service after Government Crackdown

Category: Altcoins, Bitcoin, Business, Exchange, News, Regulation

Cryptocurrency Exchange Zeniex Terminates Service after Government Crackdown

South Korean cryptocurrency exchange Zeniex will terminate its services due to increasing government pressure on unauthorized digital currency exchanges. According to Zeniex’s website post, published on November 9, 2018, the cryptocurrency exchange noted that operating amidst a government crackdown on the industry will be a challenging feat. Closing Down Due to Government Pressure The cryptocurrency exchange opened on May 8,…

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New Report Reveals Worrying Trend of Continued Decline in Internet Freedom

Category: Commentary, News, Regulation, Tech

New Report Reveals Worrying Trend of Continued Decline in Internet Freedom

In a report titled, “Freedom on the Net 2018: The Rise of Digital Authoritarianism,” an independent human rights watchdog, Freedom House, has uncovered alarming levels of declining Internet freedom across the world. The Rise of Digital Authoritarianism Freedom House is a non-governmental organization dedicated to upholding democracy and human rights. The organization has been in existence since 1941 and creates…

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Crypto Ponzi Scammer Ordered to Pay $2.5 Million for Duping Investors

Category: Business, Crime, Finance, Investment, News, Regulation

Crypto Ponzi Scammer Ordered to Pay $2.5 Million for Duping Investors

On October 18, the U.S. Securities and Exchange Commission (SEC) ordered a New York-based firm Gelfman Blueprint, Inc. and CEO Nicholas Gelfman to pay $2.5 million in fines and restitution for running a Bitcoin Ponzi scheme. The indicted Nicholas Gelfman and his company presented false investor reports to other investors assuring them of profits. Brought to Book Interestingly, this is…

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Crypto Fund AG Earns Asset Manager License from FINMA

Category: Adoption, Business, Finance, Investment, News, Regulation

Crypto Fund AG Earns Asset Manager License from FINMA

Crypto Fund AG, a subsidiary of Crypto Finance AG, has become Switzerland’s first firm to be issued an asset manager license by the country’s financial regulator Swiss Financial Market Supervisory Authority (FINMA).. FINMA Awards First License to a Crypto Firm With the new approval, Crypto Fund AG will enjoy the same regulatory environment as other traditional asset managers. The Zug-based…

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Political Donations in Bitcoin Outlawed in California

Category: Bitcoin, Finance, News, Regulation

Political Donations in Bitcoin Outlawed in California

California’s campaign watchdog arm, the Fair Political Practices Commission, ruled that candidates will not be allowed to receive donations for political campaigns with cryptocurrencies like bitcoin, the Associated Press reported on September 21, 2018. Cryptocurrency Donations a Threat to Political Transparency A new ruling from the state’s political watchdog says that candidates running for public offices in the state of…

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Regulatory Clampdown in India Leads to Mass Exodus of Blockchain Talent

Category: Blockchain, Business, News, Regulation

Regulatory Clampdown in India Leads to Mass Exodus of Blockchain Talent

India is currently witnessing the mass movement of blockchain and cryptocurrency talent, as the regulatory environment toughens within the country. According to an article published by News18 on September 19, 2018, blockchain talent which includes developers, service providers, and blockchain-related companies are moving abroad to cryptocurrency-friendly countries like Thailand, Estonia, and Switzerland. Blockchain Destinations Attracting Indian Talent “There are talented…

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Lobbying Group in Washington Opens Doors to Represent the Crypto Community

Category: Altcoins, Bitcoin, Blockchain, Ethereum, News, Regulation

Lobbying Group in Washington Opens Doors to Represent the Crypto Community

High-profile cryptocurrency companies and well-known technology entrepreneurs announced on September 11, 2018, that they will form a lobbying group in Washington called the Blockchain Association. According to the Washington Post, the Blockchain Association is designed to represent investors and entrepreneurs who are building and supporting blockchain technology. Coinbase, Circle, and PolyChain Capital The Association’s goal is to become the industry’s…

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KuCoin Invests $3 Million in Aussie Crypto Exchange Bitcoin Australia to Expand its Market Down under

Category: News

KuCoin Invests $3 Million in Aussie Crypto Exchange Bitcoin Australia to Expand its  Market Down under

Singaporean cryptocurrency exchange, KuCoin is set to enter the Australian waters as it looks to expand its operations down under. Per a report by The Australian Financial Review on September 9, 2018, KuCoin has made an investment of $3 million in the Aussie exchange Bitcoin Australia. Along with this, the two have entered into a joint venture to scale up…

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Belgium Cracks down on Cryptocurrency Scams by Adding 28 Websites to its Blacklist

Category: Altcoins, Bitcoin, Crime, Finance, News, Regulation

Belgium Cracks down on Cryptocurrency Scams by Adding 28 Websites to its Blacklist

Belgium’s chief financial regulator, the Financial Services and Markets Authority (FSMA), has issued warnings about the spread of illegitimate crypto and blockchain platforms, adding 28 new websites to its blacklist on September 4, 2018. A Sea of Scammer Crypto Platforms As fraudulent cryptocurrency trading platforms continue to present problems for Belgian investors, the country’s financial regulator has issued several warnings…

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South Korea Begins Training Citizens to Lead its Distributed Ledger Technology (DLT) Ecosystem

Category: Altcoins, Blockchain, Business, Development, Investment, News

South Korea Begins Training Citizens to Lead its Distributed Ledger Technology (DLT) Ecosystem

South Korean authorities are collaborating with the Walton Blockchain Research Institute to make 42 people proficient in Blockchain technology and get immediate employment in the country, as first reported by local news source Kinews on August 3, 2018. $100 Billion DLT Development Strategy According to sources close to the matter, key government parastatals in crypto-friendly South Korea including the Ministry…

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