The SEC has just filed an emergency action against a $6 million Ponzi scheme that targets seniors and small business owners. The SEC has obtained a temporary restraining order and freeze of asset filing against Neil Burkholz of Boca Raton, and Frank Bianco of Pembroke Pines, Florida. The two individuals targeted and defrauded at least 55…
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The cryptocurrency businesses in the US are going to see their lives made easier. This is thanks to the crypto-friendly banking service provider Cashaa - a company that is launching USD accounts for businesses involved in cryptocurrency transactions. The USD bank accounts will be provided in partnership with Metropolitan Commercial Bank. Cryptocurrency businesses will be…
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The cryptocurrency regulation in the UK is one step closer to becoming clearer. Today, the UK Jurisdiction Taskforce of Tech Nation's Lawtech Delivery Panel has announced its legal statement on the treatment of cryptocurrency assets and smart contracts under Welsh and English law. The statement is addressing the legal uncertainty that surrounds cryptocurrency assets. Judging…
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Blockchain has seen a lot of development since 2009. The technology has disrupted almost any field and every sector. Now, the very first blockchain ticket has been created. The innovative solution for the air flight industry comes from the German airline operator Hahn Air. The company is using the open-source travel distribution provider Winding Tree,…
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Countries are finding different ways to fight illegal cryptocurrency mining activities. One of the more interesting approaches comes from Iran, which has started offering bounties to people who expose illegal crypto mining operations. The announcement came after new regulations were set in motion for the cryptocurrency industry. The news comes from local agency IRIB News.…
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Alphabet Inc's Google just announced that it will start offering personal checking accounts in 2020 via its Google Pay application, a project supported by Citigroup and a credit union at Stanford University. The information comes from Reuters. The project is named Cache and is a direct rival to Apple and Facebook, two giants who are…
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The founder of Tron, Justin Sun, admitted that he is one of the investors in Poloniex crypto exchange that was recently acquired by Circle. Sun initially denied the investment. While the investment came through, Poloniex is operated independently from Tron. The comment was made during a joint Tron-Poloniex event that was live-streamed via Twitter on…
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The cryptocurrency project of Facebook, Libra, has come a long way. The most important update is that the tech giant will not be launching the project until all regulatory "clearance" is over. With that, the project is currently delayed for at least 2020. However, as regulatory concerns grew stronger, some of the founding members of the…
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The Monetary Authority of Singapore (MAS) has partnered with JPMorgan to create a blockchain-based prototype for multi-currency payments. The information came from an official release from MAS, where Singapore's central bank states that the most current development on the Project Ubin is that users will be able to make payments in different currencies on the very…
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Andreessen Horowitz is launching a free crypto startup school. In October 2019, a16z general partner Mr. Chris Dixon announced the project at TechCrunch Disrupt. The official launch of the school is today. Interested parties can already apply and can do so in the following four weeks. The idea behind the school is to democratize the…
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