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Messaging App Kik’s Legal Battle Shines Light on Past ICO Scams


Popular messaging app Kik is shutting down due to a Securities and Exchange Commission lawsuit regarding ICO activity for the company’s cryptocurrency, kin. Ted Livingston, Founder and CEO of Kik and Kin, denies the allegations and maintains that the SEC’s case is based...

CoinShares Urges Customers to Support the Crypto ETNs Against the UK Ban


CoinShares, a UK-based digital asset management company that offers financial services and products to professional investors has urged its consumers to come forward in support of crypto ETNs (Exchange-traded Notes) against the proposed ban on it by the FCA (Financial Conduct Authority) of...

Oil Rises and Shares Drop in Asia Owing to Geopolitical Tensions


For most of the year so far, the capital markets in different parts of the world have been disrupted by uncertainty due to geopolitical tensions. The biggest geopolitical issue that has spooked the markets for the entire year so far has been the trade war between the United States and China. When...

UN Wants the Private Sector to Lead Shift to Renewables from Fossil Fuels


As everyone knows, experts and scientists believe that climate change is one of the biggest environmental threats that are facing the world at this point. Hence, there is a genuine thrust towards using more cleaner and renewable sources of energy as opposed to fossil fuels among policymakers across...

Ethereum Supporter Steven Nerayoff Gets Arrested For Extortion


Steven Nerayoff, an early supporter of Ethereum blockchain project and Overstock’s tZero’s former advisor, has been arrested by the U.S law enforcement for extortion. The charges against the official have been announced jointly by the U.S. Attorney for the Eastern District of New York and the FBI’s...

Looming Economic Slowdown Likely to Force FED to Cut Interest Rates


Over the course of the year, the global economy has given even indications that a slowdown might be looming and naturally, central banks have been urged to cut interests in order to stimulate growth. Many central banks across the world have cut interest rates. Last time around, the United States...

Short-Term Finance for Trading Purposes in Turmoil in US


When it comes to short-term trading, some of the biggest institutions in the world also need access to cheap financing to make the whole thing worthwhile. At the end of the day, if the rate of interest on short-term borrowing for trading purposes goes up even by a small percentage, it can eat into...

US Sanctions Three North Korea-based Crypto Hacking Groups


The United States of America has given its nod for the sanction of three North Korean state-sponsored hacker entities responsible for “North Korea’s malicious cyber activity on critical infrastructure,” announced the U.S Department of Treasury on September 13, 2019. According to the announcement...

US President Donald Trump Bans Petro Cryptocurrency


The United States President, Donald Trump has announced the ban of Venezuelan cryptocurrency, Petro, in the country. The U.S Senate Bill 1025, which will essentially enforce an executive order, signed by Donald Trump in 2018, came into law. The executive order banned the U.S citizens, permanent...

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