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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Commodity Futures Trading Commission (CFTC) has confirmed that Ether is now classified as "commodity". The statement came from CFTC Chairman, Mr. Heath Tarbert. After months of studying the second largest alt coin by market cap, CFTC has decided that Ether falls under this specific jurisdiction. This is what Mr. Tarbert commented on decision that Ether…
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After the solid rumours that Facebook's Libra is going to be postponed for 2020, Zuckerberg is now facing Congress on the 23rd of October. With that there were also speculations that the COO of the company, Sheryl Sandberg may also testify regarding the project. The information comes directly from CNBC. Mark Zuckerberg will be the…
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