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Circle CEO Allaire to Congress: Treat Crypto as a New Asset Class
29.7.2019
Circle CEO Jeremy Allaire calls for Congress to treat digital assets as their own asset class in testimony for Tuesday's Senate Banking hearing
Judge Punts on Decision in NYAG Case Against Bitfinex and Tether
29.7.2019
A New York judge has delayed making a decision on whether Bitfinex and Tether need to turn over documents to the state Attorney General
Crypto-Focused Finance App Aximetria Wins License From Swiss Regulator
29.7.2019
Aximetria, a firm offering a personal finance app for fiat and cryptocurrencies, has been awarded a financial intermediary license in Switzerland
Iran’s Government Gives the Official Nod to Crypto Mining
29.7.2019
Cryptocurrency mining is now an official industrial activity in Iran after winning approval from the country's cabinet
Calls Intensify for Indian Government to Regulate Cryptocurrency
29.7.2019
Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government...
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....
Abra App to Restrict Services for US Users Over Regulatory Issues
26.7.2019
Crypto investment app Abra is cutting back the crypto options for U.S. customers citing "regulatory uncertainty and restrictions" in the country
Indian Government Official Resigns After Drafting ‘Flawed’ Crypto Bill
26.7.2019
The Indian government official who headed the committee which drafted the bill to ban cryptocurrencies has resigned after releasing the report and draft bill which the crypto community calls “flawed.” Meanwhile, the government has confirmed that cryptocurrency is currently...
SEC Clears Blockchain Gaming Startup to Sell ‘Quarters’ Tokens
26.7.2019
The SEC has issued a no-action letter to Pocketful of Quarters (PoQ), a gaming startup looking to issue tokens on ethereum
Bancor Raised $153 Million and Found Actual Users. Why Did Its Token Tank?
25.7.2019
Bancor raised $153 million as one of the top initial coin offerings of 2017. With its BNT token trading near all-time lows, here's an update on the project
Consensys Inner Conflicts Spark Legal Action Against Founder
25.7.2019
Ethereum cofounder Joseph Lubin was recently summoned to court in New York when a former employee initiated a lawsuit for more than $13 million. According to the summons stemming from former Token Foundry CEO, Harrison Hines, relief was being sought for alleged unpaid profits, fraud, unjust...
Is Bitcoin Money? Revisiting Mises’ Regression Theorem
25.7.2019
Over 100 years after the publication of Austrian economist Ludwig von Mises’ “The Theory of Money and Credit,” the ideas outlined therein are still sparking hot debate. Namely, what is known as Mises’ Regression Theorem, which claims that in order for something to be money...
US Treasury Secretary Mnuchin Thinks Outlook for Bitcoin Is Bleak
24.7.2019
Secretary Steven Mnuchin said, "I will personally not be loaded up on bitcoin in 10 years.”
Indian Supreme Court Sets New Date to Hear Crypto Case
24.7.2019
The Indian supreme court has set a new date to hear the crypto case that was originally scheduled to be heard on July 23. The court is expected to address the writ petitions against the RBI banking restriction as well as the government’s report and the recently released draft crypto bill....
Facebook Libra Hasn’t Responded to Information Request: Swiss Watchdog
24.7.2019
Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva
Senate Banking Committee to Hold Hearing on Crypto Regulation Next Week
24.7.2019
The Senate Banking Committee has scheduled a hearing on cryptocurrency and blockchain regulatory frameworks for July 30
New NYDFS Division to Oversee Licensing for Cryptocurrency Startups
23.7.2019
The Research and Innovation Division will include an in-house team that supervises cryptocurrencies
Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing
23.7.2019
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report...
Circle Moves Exchange Operations Offshore With New Bermuda Office
22.7.2019
Circle is moving the majority of its Poloniex exchange operations offshore, citing a "lack of regulatory frameworks" in the U.S
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...