The Libra investigation is going with full force, it seems. Back in July 2019, the Financial Services Committee declared how serious the investigation for the Facebook's project is going to be. One member of the FSC that stood out with serious determination to do the job was Maxine Waters. The Congresswoman accentuated that, according to…
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Crypto advocates in India were given a sliver of hope that a crypto ban instituted by the Reserve Bank of India (RBI) and contained in a draft proposal from an inter-ministerial committee dominated by the RBI may be ruled unconstitutional. The RBI had jumped the gun in mid-2018 by prohibiting its banking members from having…
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The folks at Bloomberg UK recently interviewed Hunter Horsley, the CEO and head of research at Bitwise Asset Management along with Matt Hougan, Bitwise’s global head of research, to determine their views on the continuing delays by the SEC in approving any applications for a Bitcoin Exchange-Trade Fund (ETF). The Bitwise application decision was delayed…
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Coinbase is clearly one of the hottest cryptocurrency exchanges out there. As the largest US crypto exchange and wallet provider, it is surprising that some of its business partners are leaving the "unicorn". One such partner that is leaving Coinbase is none other but Barclays. The bank is no longer providing its services to the…
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The Nova Scotia Securities Commission (NSSC) has issued a warning against an entity named aGifttoken (agifttoken.com). The company is not registered to sell securities in Nova Scotia. The company and their representatives have an Initial Coin Offering (ICO) that is available to Nova Scotia residents. aGifttoken claims to be a cryptocurrency to be used on…
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The call for regulatory overview on cryptocurrencies is long due. And not only cryptocurrencies, but the so called "digital assets". Countries around the world classify digital coins in many different ways. Now, the UK FCA has clarified its position on how to regulate digital assets. The FCA has also given its stance on which tokens…
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The Internal Revenue Service (IRS) has began sending out letters to crypto holders to "advise" them to pay taxes, otherwise the IRS will follow up with stiff punishments to the tax dodgers. According to The Guardian, the IRS has sent more than 10,000 letters to cryptocurrency investors warning them that they will be "punished" if…
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The story of Venezuela and its affinity towards cryptocurrencies to save the economy is a very dynamic and interesting one. The President of Venezuela, Mr. Nicolas Maduro has embraced digital currencies as a way to fight back the plunging bolivar and the restrictive US sanctions imposed on the country. What has killed the economy, however,…
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Two Israeli brothers, Eli and Assaf Gigi, 31 and 21 years of age, respectively, were arrested for alleged crypto thievery by authorities after an investigation that began in 2017. The strange thing about this case is that after a $1.7 million theft was confirmed, the two brothers, whether true or not, were soon implicated in…
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It is always nice to be first at something, and Prime Factor Capital Ltd., a London-based investment management firm, achieved this relatively unique status by becoming the first firm to receive the “green light” from the Financial Conduct Authority (FCA) for its crypto-focused hedge fund. The fund will also fall within the auspices of the…
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