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Large Regulated Token Sales Indicate ICOs May Be Coming Back
28.7.2019
Initial coin offerings have seen a significant decline in popularity, but they are not to be written off completely. Although you don’t hear the term “ICO” so often nowadays, some recent regulatory developments indicate they have a place in the digital economy realm. Crowdfunding...
10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS
27.7.2019
On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August....
Another Blow to Crypto Users in the U.S.: Abra Announces Restrictions
26.7.2019
Source: iStock/Mathisa_s
Amidst the continued regulatory uncertainty and restrictions, Congressional hearings, and presidential comments, mobile crypto wallet app Abra is forced to make changes that will inevitably impact its U.S. customers.
The company said they had to make these adjustments...
LedgerX gets a Green Signal from the U.S. Market Regulators
26.7.2019
The U.S market regulators have given a green signal to LedgerX. This approval has opened the gates to trade Bitcoin futures for the exchange. This new shift in the exchange’s portfolio is expected to bring in more growth and is being considered as a step towards the brighter future of...
How Government Agencies Make Criminals of Crypto Traders
26.7.2019
A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face...
Venezuelan Government Accused of Using Bitcoin to Bypass US Sanctions
25.7.2019
Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U.S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay....
FINRA’s Cryptocurrency Oversight Program has New Regulatory Notice 19-24
25.7.2019
Yesterday, the Financial Industry Regulatory Authority (FINRA) issued a Regulatory Notice 19-24 to its member firms. The objective of this notice is to encourage the member firms to inform the Regulatory Authority about any engagement or intention of engagement with the activities related to...
US, EU and Japan Could Trigger ‘Cold Currency War’ by Debasing Fiat
24.7.2019
The world’s major central banks are waging war to determine who can make their respective fiat currency weaker. With the likelihood of even more money printing and negative interest rates ahead, people need to be ready to see the value of their money evaporate and the price of everything else...
Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War
23.7.2019
After nearly two decades of U.S.-led coalition bombs falling on the Middle East, peace in the region still has not been achieved. Now the United States is once again bolstering military forces, this time in Saudi Arabia. Meanwhile, taxpayers in multiple countries are being forced to pay for these...
The Myth of Authority: Mnuchin Denies USD Is Used Criminally
22.7.2019
U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of...
Crypto Bullishness Spreads on Capitol Hill
21.7.2019
U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments...
Why You Can’t Bet With Bitcoin at Online Casinos in the US
20.7.2019
Since the dawn of Bitcoin, the cryptocurrency landscape has seen a lot of digital currency gaming websites where users can wager their coins in games like poker, dice, blackjack and slots. Because public blockchains are transparent, the protocols have made online gaming provably fair. However...
Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint
19.7.2019
Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize...
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
LibertyX Surpasses 1,000 Bitcoin ATMs Across the U.S.
18.7.2019
The first crypto ATM provider in the U.S. passed this milestone after expanding to 90 new locations in Arizona and Nevada
Lawmakers Amp Up Pressure on Facebook to Halt Libra Cryptocurrency Development
17.7.2019
U.S. lawmakers repeatedly pressed Facebook's top blockchain exec to halt development of the Libra cryptocurrency in Tuesday's hearing
SEC Begins Green-Lighting Token Offerings
17.7.2019
The U.S. Securities and Exchange Commission recently made history when it green-lighted two token offerings under Regulation A+. “This is the first time in U.S. history that a crypto token offering has received SEC qualification,” one of the two qualified issuers proclaims. Also read:...
How They Will Attack Bitcoin: The Hypocritical Shock Campaign of US Monetary Policy
17.7.2019
On July 16, U.S. Department of the Treasury Secretary Steven Mnuchin gave a short press briefing discussing cryptocurrencies and the pressing need for regulation. A 28-minute slodge of alphabet agency soup, studded with calculated mentions of “terrorism” nearly every minute, casual...
Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
17.7.2019
Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency...
Diamonds and the Treasury Debt Ceiling: Why Nothing Has ‘Intrinsic Value’ in Economics
15.7.2019
The U.S. Treasury Department has just issued an urgent letter requesting a lift on the debt ceiling, warning Congress of imminent financial collision in September as federal cash is running out. Though this scenario has played out many times before, it takes on special significance now in light...