Tag: U.S

The U.S. Securities and Exchange Commission (SEC) issued a suspension of trading in the Securities of Nevada-based American Retail Group, also known as Simex Inc. According to a press release published October 22, 2018, the company falsely claimed that they partnered with an SEC-qualified custodian and had registered their token offering in accordance to SEC requirements and regulations. American Retail…

READ MORE

The European Union’s securities watchdog has followed suit of its U.S. counterpart SEC, as the European Securities and Markets Authority (ESMA) said on October 8, 2018, that it is observing every initial coin offering (ICO) to decide whether it should be regulated or not, according to a report published by Reuters. Analysing ICOs and their Implications An initial coin offering…

READ MORE

The price of bitcoin remained stable around the $6,500 mark through the week to close effectively unchanged versus last week’s close. This marks the fourth consecutive week that bitcoin has found a footing around the $6,500 level, which has prompted several bitcoin community members to refer to bitcoin as the “new stablecoin.” While bitcoin bulls would prefer for BTC to…

READ MORE

A Justice Department indictment against seven Russian military officers filed in July 2018 contains new allegations that  Russia used bitcoin to fund its cyber attacks, MarketWatch reported on October 4. Russians Meddled with the 2016 Presidential Election The Justice Department indictment against seven Russian military officers for a series of alleged cyber attacks contained another allegation that Russia turned to…

READ MORE

As the ICO space continues to generate headlines, driven chiefly by the ICO boom of 2017 and the early part of 2018, traditional VC firms are making their presence felt in blockchain investment, which may come as a surprise to market observers. New data from Diar published on October 1, 2018, reveals that venture capital has a surprisingly large investment…

READ MORE

The Dairy Farmers of America (DFA) is beginning to explore the utility of blockchain technology for its supply chain management, reported The Fence Post on September 26, 2019.  Blockchain Systems in Food Supply Chains Blockchain technology has proven itself to be an impactful technology in areas with great logistical needs. This has extended to global shipping and financial services as…

READ MORE

Despite research showing that millions of Americans hold cryptocurrencies, only a few states have actually enacted tax laws or issued concrete guidance on how to deal with the relatively new phenomenon, Bloomberg Tax reported on September 12. Bitcoin Tax Laws Virtually Nonexistent Can cryptocurrencies be regarded as cash? Can they be subjected to the same taxing laws? Can they be…

READ MORE

As suspicion and excitement about blockchain technology circles the globe, the United States finds itself in need of a strategy to find itself on the right side of this revolution in tech. National Security Concerns While on the one hand, blockchain and cryptocurrencies can be used for quick transfers of wealth and the creation of a new generation of powerful…

READ MORE

Results of a survey published by Wells Fargo Gallup on July 28, 2018, revealed that only two percent of US has invested in bitcoin, less than one percent plan to buy in near future while it influences 26 percent. The survey points to the fact that many investors are still hesitant to get invested in cryptocurrencies. Gallup Survey Result The recent…

READ MORE

Even though bitcoin is going through a bear phase along with the rest of the cryptocurrency market, their ATMs are increasing in number. According to Statista, the number of bitcoin ATMs has grown from a mere 500 in January 2016 to over 2500 in April 2018. The majority of these ATMs have been set up in places where the average…

READ MORE