Monthly Archives: July 2018

Thailand Officially Announces Rules for Token Issuers, Portals, and Investors

The Thai Securities and Exchange Commission (SEC) has officially announced its regulations for initial coin offerings (ICOs). The rules specify requirements for ICO portals, issuers, as well as who can invest in tokens. The Commission has also provided a series of infographics to explain the regulations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Thai SEC’s Official Statement Rapee Sucharitakul. The Thai SEC officially announced Wednesday the regulations for ICOs, which will take effect from July 16, according to local media. The ICO regulations fall under […]

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YouTube Added as Defendant in Class Action Lawsuit Against BitConnect

YouTube has become a defendant in connection with the BitConnect class action lawsuit, claimants allege that YouTube did not take proper action in delisting videos promoting a fraud. According to court documents filed July 3, YouTube has been added as a defendant in a class action lawsuit against BitConnect. The lawsuit was initially filed on January, 24 by six individuals represent by law firm Silver Miller. The claimants state that crypto investment platform BitConnect issued crypto tokens that were unregistered securities, and obtained additional funds through a […]

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Dutch Speed Trading Firm Enters Crypto Market Despite Regulator’s Warnings

An Amsterdam-based trading company has moved into crypto markets, despite warnings of a local regulator not to buy and sell digital currency. Amsterdam-based speed trader Flow Traders NV has entered the cryptocurrency market despite the warnings of the Dutch Authority for the Financial Markets (AFM) not to buy and sell digital currencies, Bloomberg reported July 5. Europe’s largest trader of exchange-traded funds Flow Traders NV is reportedly the first firm to buy and sell exchange-traded notes based on Bitcoin (BTC) and Ethereum (ETH). According to Bloomberg, such […]

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Switzerland Considers Granting Crypto Businesses Access to Banking Services

Crypto companies based in Switzerland may receive access to regular banking services as early as this year. Political will and economic wisdom seem to be in place as some government officials and bankers are already working to resolve a serious issue. Swiss banks have been refusing accounts to firms from the growing crypto industry. Also read: Swiss Crypto Company Acquires License to Distribute Funds to Investors Banks Expected to Offer Services by the End of the Year In terms of crypto development, Switzerland is now standing at […]

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Romania Releases Draft Bill Regulating the Issuance of Digital Currency

Romanian authorities have released a draft bill to regulate “e-money” issuance within the country. The Ministry of Finance of Romania has released a draft Emergency Ordinance, which regulates the issuance of electronic money (e-money), Business Review reported July 5. The draft reportedly describes electronic money as “monetary value stored electronically, including magnetic, representing a claim on the issuer issued on receipt of funds for the purpose of performing payment transactions and which is accepted by a person other than the issuer of electronic money.” According to the […]

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Venezuela to Fund Housing for Homeless With National Cryptocurrency Petro

The Venezuelan government is funding a housing initiative for the homeless with the national oil-backed cryptocurrency, the Petro. The Venezuelan Minister of Habitat and Housing Ildemaro Villarroel has announced that the country’s government is planning to fund the construction of houses for the homeless with the national cryptocurrency Petro, Criptotendencia reports Thursday, June 5. The government will fund a project called the “Great Mission for Venezuela Housing (GMVV),” which aims to make quality housing more accessible to the homeless. According to the GMVV website, the government has […]

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How Peter Kroll’s Paper Wallet Protects Cryptocurrency

Since its invention, a recurring question for cryptocurrency holders has been how to best secure their digital assets. This question of security carries the greatest weight when one understands the stakes of holding unprotected cryptocurrency — vulnerability to hackers. Since 2011, software developers have kept this problem at the back of their minds. One such innovator, Peter Kroll, recently joined Rob Mitchell on Episode #56 of The Bitcoin Game to discuss the background of his ventures and the technical details of his most lauded project in cryptocurrency […]

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Decentralized Crowdfunding Platform Lighthouse.cash Launches

Just recently news.Bitcoin.com reported on the development of a decentralized crowdfunding application powered by the Bitcoin Cash (BCH) network called Lighthouse.cash. The project was first initiated by Mike Hearn years ago, but Lighthouse was abandoned after he left the cryptocurrency community. This week the Lighthouse.cash project developers have officially launched the open source platform for multiple operating systems. Also Read: The Daily: Malta Enacts Crypto Bills, Bermuda Wants New Banks, Dotcom Loses Appeal    Lighthouse.cash: Manage Your Own Crowdfunding Campaign Without Any Middle-Men Typically when people crowdfund […]

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India: Senior Opposition Member Demands Probe Into ‘Mega Bitcoin Scam’

A member of the Indian National Congress has demanded a probe into a supposed “mega Bitcoin scam” involving majority officials. An official from Indian opposition party the Indian National Congress (INC) has demanded a probe into a “mega Bitcoin scam,” The Hindu reports July 5. The scam supposedly involves leaders of the majority Bharatiya Janata Party (BJP). Senior INC member Shaktisinh Gohil alleged that BJP officials were complicit in a “multi-layered” scam to launder money, which he claims the Criminal Investigation Department (CID) of Gujarat have estimated […]

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