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Facebook Aggressively Hiring Blockchain Devs, Discussed Launching Cryptocurrency: Report

ccn | 12-16-2018

Facebook has embarked on an aggressive hiring spree to woo crypto experts to expand its blockchain group amid speculation that the social media monopoly is considering launching its own cryptocurrency. Facebook formed its blockchain unit in April 2018 with David Marcus, the former president of PayPal and VP at Messenger. Marcus is a longtime cryptocurrency advocate andThe post Facebook Aggressively Hiring Blockchain Devs, Discussed Launching Cryptocurrency: Report appeared first on CCN

Categories: Blockchain|Regulation
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Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups

bitcoin.com | 12-16-2018

The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the country’s economy. Also read: How Bitcoin Companies can Legally Operate in Switzerland A Swiss Innovation Paradise According to the […]The post Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups appeared first on Bitcoin News.

Categories: Blockchain|Regulation|BTC|Technology
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Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018

bitcoin.com | 12-15-2018

Linkedin has published its 2018 “Emerging Jobs Report” for the United States, in which it names “Blockchain Developer” as the most rapidly emerging employment position of the past year. According to the report, the position saw growth of 33x on Linkedin’s platform during 2018. Also Read: Pantera Capital Braces for SEC Action Against 25 Percent of […]The post Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018 appeared first on Bitcoin News.

Categories: BTC|Regulation|Blockchain|Technology|Wallet
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President Trump Names Bitcoin Supporter New Acting White House Chief of Staff

cryptoglobe | 12-15-2018

US President Donald J. Trump has recently announced via microblogging platform Twitter that he’ll be naming Mick Mulvaney, a well-known bitcoin supporter, the new Acting White House Chief of Staff.

Categories: BTC|Regulation
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Bitcoin Tax Confusion Has Accountants Turning to Specialized Software

ccn | 12-15-2018

Every time you convert Bitcoin to anything, be it goods or services, other cryptocurrencies, or even tax payments, it might be a taxable event, depending on your local regulations. It’s not something a lot of cryptonaughts think about when carrying out their daily lives, but potential penalties can be steep for tax evasion. Node40 isThe post Bitcoin Tax Confusion Has Accountants Turning to Specialized Software appeared first on CCN

Categories: Regulation|BTC|Technology
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The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property

bitcoin.com | 12-15-2018

The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.” Finally, according to a recent report, stablecoins have seen significant growth over the […]The post The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property appeared first on Bitcoin News.

Categories: Asia|BTC|Regulation
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Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments

bitcoin.com | 12-15-2018

Increasingly frequent action taken by the SEC against initial coin offerings is expected to lead to more cryptocurrency projects being forced to refund investors. Among those expected to be affected is the first U.S.-based cryptocurrency investment firm, Pantera Capital, with the company bracing to receive refunds on a quarter of its ICO investments. Also Read: BTI […]The post Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments appeared first on Bitcoin News.

Categories: ICO|Regulation|BTC|Exchange|Business
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President Trump Appoints Bitcoin Proponent as White House Chief of Staff

bitcoinist | 12-15-2018

President Donald J. Trump has announced that he will be naming Mick Mulvaney as the new acting White House Chief of Staff. Mulvaney is a well-known Bitcoin proponent and has previously expressed his support of blockchain technology.  Mulvaney: New Acting Chief of Staff Mick Mulvaney, who’s currently the director of the US Office of Management and Budget (OMB), has been named Acting White House Chief of Staff and will reportedly assume the position at theRead MoreThe post President Trump Appoints Bitcoin Proponent as White House Chief of Staff appeared first on Bitcoinist.com.

Categories: BTC|Regulation|Blockchain
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Can France become the Blockchain Nation?

coinnounce | 12-15-2018

Published on CoinnounceFrench MPs have recently put our a proposal trying to make France become the Blockchain Nation. This is a raft of 20 different proposals all aimed at trying to make France the number 1 Blockchain Nation specifically citing that they do not want to miss the train on this like they did the internet. MPs […]The post Can France become the Blockchain Nation? appeared first on Coinnounce.

Categories: Blockchain|ICO|Regulation
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Peter McCormack Tells How He Turned $32K Into $1.2M and ‘Back to Pretty Much Zero’

bitcoinist | 12-15-2018

In an informative, entertaining, comical, and bitterly poignant tweet yesterday, What Bitcoin Did podcast host Peter McCormack explains how he amassed–and lost–his crypto fortune over the last two years. From $32K to Millionaire and Back He starts the Twitter post saying: So here is a thread on how I turned $32,000 into $1.2m and back to pretty much zero (once taxes are paid). Just note, I am not bitter or salty in any way at all, theRead MoreThe post Peter McCormack Tells How He Turned $32K Into $1.2M and ‘Back to Pretty Much Zero’ appeared first on Bitcoinist.com.

Categories: BTC|Regulation|Altcoin
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Report: CEO of Largest Romanian Crypto Exchange Arrested on US Warrant

cointelegraph | 12-15-2018

The CEO of crypto exchange Coinflux was reportedly arrested for fraudulent activity on a warrant from the U.S.

Categories: Exchange|Regulation|Blockchain
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French Financial Regulator Blacklists Four Crypto Websites for Unauthorized Offerings

cointelegraph | 12-14-2018

French stock market regulator AMF has blacklisted four crypto-related websites for offering investment schemes without proper authorization

Categories: Market|ICO|Regulation|Business
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Bahrain’s Central Bank Issues Draft Crypto Regulations

bitcoin.com | 12-14-2018

The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf.   Also read: New Bitcoin […]The post Bahrain’s Central Bank Issues Draft Crypto Regulations appeared first on Bitcoin News.

Categories: Fiat|BTC|Regulation
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Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund Could be Securities

ccn | 12-14-2018

In a newsletter to clients sent on Thursday, Pantera Capital CEO Dan Morehead revealed that one in four initial coin offering (ICO) projects the firm has invested in could be considered as securities under U.S. regulations. Morehead wrote: “While we believe the vast majority of the projects in our portfolio should not be affected, approximatelyThe post Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund Could be Securities appeared first on CCN

Categories: ICO|Regulation
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Swiss Federal Council: Existing Financial Law Should Be Adjusted to Blockchain Industry

cointelegraph | 12-14-2018

The Swiss Bundesrat said that existing financial law in the country suits the blockchain industry, but needs some tech-specific adjustments

Categories: Regulation|Blockchain|ICO
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25% of Pantera Capital ICO Projects May Have to Refund Investors

bitcoinist | 12-14-2018

Crypto hedge fund Pantera Capital says that as much as one-quarter of the projects its ICO fund invested in may be in violation of US securities laws after the SEC decision.  Things keep going from bad to worse for US blockchain companies that held ICOs without registering with the SEC. One of crypto’s largest hedge funds Pantera Capital told Bloomberg that around 25 percent of the digital currency projects in its portfolio may have toRead MoreThe post 25% of Pantera Capital ICO Projects May Have to Refund Investors appeared first on Bitcoinist.com.

Categories: ICO|Regulation|Business|Blockchain
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SEC Chair ‘Optimistic’ DLT and Crypto Will Drive Investment Opportunities

bitcoin.com | 12-14-2018

Speaking as part of a testimony to the United States Senate Committee on Banking, Housing, and Urban Development, the chairman of the U.S. Securities and Exchange Commission Jay Clayton expressed optimism that the distributed ledger technology (DLT) sector will “facilitate capital formation.” Clayton also discussed the enforcement actions taken by the SEC in regulating initial […]The post SEC Chair ‘Optimistic’ DLT and Crypto Will Drive Investment Opportunities appeared first on Bitcoin News.

Categories: Regulation|Technology|Wallet|BTC|Exchange
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Bahrain Central Bank Publishes Draft Cryptocurrency Regulations

ccn | 12-14-2018

The central bank of Bahrain has kicked off a consultative process on cryptocurrency platforms in the kingdom by publishing the relevant draft regulations. According to the Bahrain News Agency, the draft rules — which target the operations of crypto-asset platforms — aim to provide a regulatory framework for the supervision and licensing of these services.The post Bahrain Central Bank Publishes Draft Cryptocurrency Regulations appeared first on CCN

Categories: Fiat|Regulation
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Russian Deputy PM Says Crypto Price Downturns Justifies Cautious Regulation

cryptoglobe | 12-14-2018

Russia’s Deputy Prime Minister said big price downswings in the 2018 cryptocurrency market justified a cautious regulatory approach. Russian lawmakers have been discussing and mulling over crypto-focused legislation, but some officials are warier of the concept. Deputy PM Maxim Akimov said there have also been discussions about stablecoin regulation.

Categories: Regulation|Trading|Market
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Bahrain’s Central Bank Publishes Draft Regulations on Crypto Assets

cointelegraph | 12-14-2018

New crypto regulations, including license requirements for cryptocurrency service providers, have been drafted by Bahrain’s central bank

Categories: Regulation|Fiat|Blockchain
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WallCoin: US Lawmaker Recommends Using Cryptocurrency to Fund Trump's Mexico Border Wall

cryptoglobe | 12-14-2018

Warren Davidson, an American politician and member of the US House of Representatives from the state of Ohio, has recommended using a cryptocurrency to fund President Trump’s project - which involves building a wall across the US border with neighboring country Mexico. Trump Administration’s plans to build the wall have not been well received by some, however this has not deterred Davidson and other US lawmakers (who support the initiative) from proposing various ways to fund the project.

Categories: Regulation
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Crypto ICO Price Continues to Fall, Likely Due to Growing Regulatory Pressure

newsbtc | 12-14-2018

Blockchain and crypto projects that raised millions of dollars via tokenized crowdfunding means are now lining up to return their capital to their original investors. Because apparently, they were not allowed to raise funds in the first place. The Securities and Exchange Commission (SEC) has gone after these startups for reportedly violating existing securities laws. The...The post Crypto ICO Price Continues to Fall, Likely Due to Growing Regulatory Pressure appeared first on NewsBTC.

Categories: ICO|Regulation|Trading|Exchange|Blockchain
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EU Parliament Calls for Action on Blockchain Adoption in Trade

coindesk | 12-14-2018

The European Parliament has called for measures that would prepare the region to use blockchain to benefit trade.

Categories: Blockchain|Regulation
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Crypto-Friendly Money App Revolut Wins EU Banking License

coindesk | 12-14-2018

Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank.

Categories: Regulation|Trading|Fiat
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Russia Says Venezuela’s Petro Acceptance ‘Not Happening’

bitcoinist | 12-14-2018

Russia has not discounted the idea of using state-issued cryptocurrency Petro in commercial operations with Venezuela. Russia: No Petro Payments ‘Yet’ Those were the words of deputy finance minister Sergey Storchak speaking to reporters this week, local news outlet RIA Novosti reported December 13. Petro, which the Venezuelan government hopes to use to shore up its rapidly failing economy and bypass western sanctions, formally launched in October. President Nicolas Maduro has since artificially raised itsRead MoreThe post Russia Says Venezuela’s Petro Acceptance ‘Not Happening’ appeared first on Bitcoinist.com.

Categories: BTC|ICO|Regulation|Altcoin
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Its ICO Portfolio ‘Could’ See 25 Percent Refund Rates Over Non-Compliance, Says Pantera Capital

cointelegraph | 12-14-2018

Ongoing compliance crackdown in the U.S. sparks warning from Pantera Capital, with 25 percent of its ICO portfolio at risk

Categories: ICO|Regulation
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AMF Adds Crypto and Wine Trading Scams to its Warning List

financemagnates | 12-14-2018

The French regulator says the companies have been offering their services without proper licensing

Categories: ICO|Regulation|Trading
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Dallas Crypto Startup Ordered to Repay Investors $2.7 Million on Defrauding Charges

ccn | 12-14-2018

The Dallas-based crypto startup AriseBank has been ordered to repay investors to the tune of $2.7 million to fix allegations that the firm was defrauding their investors. Authorities have finally put an end to the ongoing AriseBank saga that has been hanging over the heads of the startup’s founders Stanley Ford and Jared Rice forThe post Dallas Crypto Startup Ordered to Repay Investors $2.7 Million on Defrauding Charges appeared first on CCN

Categories: Business|Regulation|ICO
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Blockchain Token Projects Can Bypass U.S. Securities Registration Requirements, Says SEC Official

coinspeaker | 12-14-2018

CoinSpeakerBlockchain Token Projects Can Bypass U.S. Securities Registration Requirements, Says SEC OfficialGood news for blockchain token projects concerning their ability to bypass U.S. securities registration requirements. While before they had to stand in the queue to fill out all the documents, now they can obtain so-called no-action letters from the SEC.Blockchain Token Projects Can Bypass U.S. Securities Registration Requirements, Says SEC Official

Categories: ICO|Regulation|Blockchain|Altcoin
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US Government Issues Advice Over Bitcoin Bomb Threat Emails

coindesk | 12-14-2018

The U.S. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take.

Categories: BTC|Regulation
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Prices of Crypto ICO Projects Fell by 95% on Average, and They Could Keep Falling

livebitcoinnews | 12-14-2018

According to new data, initial coin offerings (ICOs) aren’t as popular as they once were in the crypto arena, and prices of respective ICO projects have fallen by approximately 95 percent or more. From Crypto Riches to Rags There was a time when the crypto space was wrought with ICOs, and their popularity was at...The post Prices of Crypto ICO Projects Fell by 95% on Average, and They Could Keep Falling appeared first on Live Bitcoin News.

Categories: ICO|Market|BTC|Regulation|Altcoin
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Russian Deputy PM: Crypto Downturn Justifies Caution in Enforcing Regulation

ccn | 12-14-2018

The Deputy Prime Minister of Russia, Maxim Akimov believes the current downturn in the market justifies caution in enforcing cryptocurrency regulation, Russian Finmarket reports. This statement comes after Mr. Akimov announced that the authors of Russia’s current daft cryptocurrency legislation to make amendments to the bill. The bills “On Digital Financial Assets”- which was adoptedThe post Russian Deputy PM: Crypto Downturn Justifies Caution in Enforcing Regulation appeared first on CCN

Categories: Regulation|Market
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SEC’s Crypto Czar Signals Some Flexibility on Token Offerings

coindesk | 12-14-2018

No-action letters may be a way forward for crypto startups hoping to avoid securities classifications.

Categories: Regulation|ICO
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Allianz Asks to Ban Crypto After Calling Bitcoin a ‘Buy’ Under $5K

bitcoinist | 12-14-2018

Allianz CEO has called on global regulators to outlaw cryptocurrency, contradicting the company’s chief financial advisor, who said Bitcoin would be a good buy under $5,000 earlier this year.  ‘You Should Outlaw It’ The Chief Executive of Europe’s biggest asset manager Allianz Global Investors Andreas Utermann expressed his thoughts on the regulation of digital assets, holding that global legislators should ban it completely, New York Times reports. He reasons that crypto-assets have wiped out people’s savings thisRead MoreThe post Allianz Asks to Ban Crypto After Calling Bitcoin a ‘Buy’ Under $5K appeared first on Bitcoinist.com.

Categories: BTC|Regulation|Business
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Europe Takes Serious Steps Towards Blockchain Adoption

cointelegraph | 12-14-2018

Declarations, partnerships, agreements - Europe is making moves toward blockchain adoption

Categories: Blockchain|Regulation
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French Lawmakers Propose Lower Electricity Rates for Cryptocurrency Miners

bitcoin.com | 12-14-2018

Two French legislators have made a number of proposals aimed at turning France into a leading force in the development of the industry built around cryptocurrencies. One of the ideas is to allow crypto mining companies to take advantage of preferential electricity prices. Also read: Ukrainian Village Distributes Dividends From Crypto Investment ‘France Must Have […]The post French Lawmakers Propose Lower Electricity Rates for Cryptocurrency Miners appeared first on Bitcoin News.

Categories: Regulation|BTC|Mining|Market|ICO
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Finland Hands Over Info for 2,700 Danish Traders to Denmark’s Tax Agency

bitcoinmagazine | 12-14-2018

Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT).According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.65 million worth of bitcoin (102.7 million kronor) between 2015 and 2017. A handful of these investors traded amounts between $1,105 and $110,450 (10,000 to 1,000,000 kronor), while the overwhelming majority traded an amount equal to or less than $1,105. Very few traded amounts over $110,450.“Right now we are identifying the individual citizens … If something does not match, we will contact them and ask for more information,” SKAT tax director Karin Bergen said in a statement.“This is probably just the tip of the iceberg. Although it is a relatively small bitcoin exchange, the information is a very valuable source, which clearly shows trends and patterns in the area. The knowledge we gain about data mining, segments and methods in general will make us wiser in the area and benefit from our guidance and control work,” Bergen continued.Bitcoin is a taxable asset under Denmark’s 1903 Tax Act, which requires that taxes be paid on any goods purchased and resold for profit, and it is subject to a 53 percent capital gains tax, a hefty sum in line with other investments.The news calls to mind a 2016 order the IRS issued to Coinbase, which asked that the U.S.-based e...

Categories: Regulation|BTC|Exchange|Business|Mining
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Security Token Platform TokenSoft Invests in SEC-Regulated Broker-Dealer

cointelegraph | 12-14-2018

Security token firm TokenSoft has acquired a stake in an SEC-compliant broker-dealer to expand the range of its services

Categories: ICO|Regulation|Altcoin
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US Congressman Offers to Fund Mexican Border Wall Using Blockchain, 'Wall Coins'

cointelegraph | 12-13-2018

Ohio Congressman Warren Davidson suggests building a border wall using crowdfunding, blockchain and “wall coins”

Categories: Blockchain|BTC|Regulation
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New AML/KYC Regulations Coming to Dutch Crypto Exchanges and Wallets

cryptoglobe | 12-13-2018

Netherlands passes draft legislation to implement updated AML/anti-terrorism financing laws in the EU/Eurozone. The legislation will become mandatory in Q1 of 2019, and will force users of all EU-based cryptoasset custodians to identify themselves.

Categories: Regulation
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Confirmed: Basis CEO Says Project Will Shut Down due to Regulatory Concerns

cointelegraph | 12-13-2018

Basis’ CEO has confirmed the stablecoin will shut down, citing regulatory concerns around its “secondary tokens”

Categories: Regulation|ICO|Blockchain
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‘Crypto Congressman’ Floats Blockchain to Help Fund Trump’s Border Wall

ccn | 12-13-2018

Yesterday, US Rep. Warren Davidson (R-OH) stated in an interview with NPR that blockchain technology could potentially be used as a means to fund the border wall that has become little more than a political football in Congress, with President Donald Trump recently threatening a government shutdown if congressional Democrats fail to deliver funding for theThe post ‘Crypto Congressman’ Floats Blockchain to Help Fund Trump’s Border Wall appeared first on CCN

Categories: Blockchain|Regulation
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SEC Settles ICO Fraud Lawsuit With Former AriseBank CEO And COO

ethnews.com | 12-13-2018

Jared Rice, Sr. and Stanley Ford settle with the SEC, but Rice’s days in court are hardly over.

Categories: Regulation|ICO
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ICO Services Startup TokenSoft Acquires Stake in Regulated Broker-Dealer

coindesk | 12-13-2018

ICO facilitator TokenSoft has acquired interest in a regulated broker-dealer to provide services that were previously impossible for the firm.

Categories: ICO|Regulation
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Top Stablecoin ‘Basis’ May Shut Down Due to Regulation, What Went Wrong?

ccn | 12-13-2018

On December 13, Frank Chapparo at The Block reported that Basis, a crypto stablecoin project that raised around $133 million in April, is terminating its operations and is in the process of returning the capital it raised to its investors. The project was funded by some of the largest venture capital firms in the technology spaceThe post Top Stablecoin ‘Basis’ May Shut Down Due to Regulation, What Went Wrong? appeared first on CCN

Categories: ICO|Regulation|USDT|Technology|Business
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Legal Compliance, Patents, and Smart Contracts – Interview With Law Firm Sheppard Mullin’s Blockchain Team Leader

blokt | 12-13-2018

Blockchain technology has unfolded a whole new industry and novel opportunities for business. Entrepreneurs constantly launch new start-ups, trying to apply the nascent technology to real-world applications and improve existing corporate-grade operations. However, this unexplored territory hides numerous traps and obstacles, entrepreneurs often overlook or are unable to identify. Therefore, laying the foundations for a […]Legal Compliance, Patents, and Smart Contracts – Interview With Law Firm Sheppard Mullin’s Blockchain Team Leader was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Categories: Blockchain|Regulation|Technology|BTC|Business
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Andreessen Horowitz-Backed Basis Stablecoin to Shut Down with $133M in Debts

coinspeaker | 12-13-2018

CoinSpeakerAndreessen Horowitz-Backed Basis Stablecoin to Shut Down with $133M in DebtsBasis, a stablecoin project, that raised $133 million this April, is shutting down its operation and returning money to investors.Andreessen Horowitz-Backed Basis Stablecoin to Shut Down with $133M in Debts

Categories: Regulation|ICO|Altcoin
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Sign Of The Times: Basis Shutters $133M Crypto Project Due To Regulation

newsbtc | 12-13-2018

Although crypto startups have been capitulating en-masse due to financial restraints, a direct byproduct of Bitcoin’s rapid drawdown in value, reports indicate that a promising stablecoin venture has folded due to regulatory qualms. $133M Crypto Project Folds Due To “Regulatory Headwinds” In recent months, stablecoins, cryptocurrencies tied to an asset deemed “stable” (ex. U.S. dollar,...The post Sign Of The Times: Basis Shutters $133M Crypto Project Due To Regulation appeared first on NewsBTC.

Categories: Regulation|Asia
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Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Institutions Build

ccn | 12-13-2018

According to a Reuters report, Allianz Global Investors (GI) CEO Andreas Utermann encouraged regulators to outlaw crypto. At a conference held in London, directed toward Andrew Bailey, the head of Britain’s Financial Conduct Authority. Utterman said: “You should outlaw it [crypto]. I am personally surprised that regulators haven’t stepped in harder.” Regulators Aren’t Outlawing CryptoThe post Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Institutions Build appeared first on CCN

Categories: Regulation|Business
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Former AriseBank Executives to Pay a $2.7 Million Charge for ICO Scams

coinspeaker | 12-13-2018

CoinSpeakerFormer AriseBank Executives to Pay a $2.7 Million Charge for ICO ScamsFor operating a fraudulent Initial Coin Offering, former AriseBank executives have to pay nearly $2.7 million in fines and are prohibited from serving as officers of public companies or engaging in offerings of digital securities.Former AriseBank Executives to Pay a $2.7 Million Charge for ICO Scams

Categories: ICO|Regulation|Altcoin