With all the hoopla surrounding the stumbling Bakkt futures exchange, we tend to forget that the Chicago Mercantile Exchange (CME) has already established itself as a “go to” place for Bitcoin futures contracts. The CME is also a wily competitor, having knocked out the Chicago Board of Exchange (CBoE) from the arena last March. The…
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When the G20 approved the recommendations of the Financial Action Task Force (FATF) back in late June, the group imposed a one-year deadline for local regulators to adopt new rules and regulations regarding implementation and compliance. The rules themselves have no explicit penalty provisions, but crypto exchanges are already four months into the process and…
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The US Securities and Exchange Commission (SEC) is definitely not wasting its time when it comes to slashing ICO dreams. The financial regulatory body, after rejecting another Bitcoin ETF application, went on to file a legal complaint against the messaging app Telegram and its Telegram Open Network or TON. The reason? The unregistered ICO of…
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The Internal Revenue Service (IRS), the tax collection agency in the United States, is three months into its crackdown on taxpayers that may have forgotten to report their crypto related transactions back in April. Up to now, they have furnished an assortment of educational materials and telephone “hot-line” support, but, in their infinite wisdom, the…
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Fortunly.com has recently released a new pictogram entitled “How Crypto Is Disrupting the Financial Ecosystem”, which presents how cryptos have evolved over the past decade and how they are reshaping the world of domestic and global commerce today. Per its website, Fortunly.com’s mission is “to make the complicated world of money accessible to everyone”. They…
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Retail forex broker and provider of FX and CFD trading, FXCM (NYSE:FXCM) has just announced the introduction of cryptocurrency baskets to its retail customers. CryptoMajor - the cryptocurrency basket – is made up of the 5 major cryptocurrencies: Bitcoin, Ripple, Litecoin, Bitcoin Cash and Ether. CryptoMajor addresses hedging transparency issues by giving an equal weighting…
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Bitcoin enthusiasts, investors, and observers have still not gotten over how severely Bitcoin fell from grace, after the Bakkt crypto futures exchange opened for business. The blame-game has continued for weeks. The S&P 500 Index also took a tumble at the same time, as trade talks worsened and recession fears ramped up, but none of…
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Brad Garlinghouse, the talkative CEO of Ripple Labs and manager of the XRP token, has taken to the speaking trail to defend his product offering, but in an odd twist, his critics claim that he is trying to distance himself from the creation of the XRP token. Yes, his ongoing battle with the SWIFT organization…
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Blockchain technology is making inroads into every possible corner of commerce, if you take the time to examine the level of research and development taking place in this new decentralized ledger system. Yes, cross-border payment transactions have received the most hype in the press, but as we recently reported: Consulting firms have told us that…
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xCrypt ecosystem has just announced that it has launched the final version of the xCrypt - Digital Asset Exchange for the trading of virtual assets. Digital assets will be stored in cold wallets embedded with extra security measures such as multi-signature systems and two-step authentication. The xCrypt exchange is a fully regulated exchange platform that…
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