Monthly Archives: September 2018

India Approves MOU on Joint Blockchain Research with BRICS Members

The Indian government has approved an MOU on the joint research of blockchain technology application under the BRICS Interbank Cooperation Mechanism. The Union Cabinet of India has approved a Memorandum of Understanding (MoU) on the collaborative research of distributed ledger technology (DLT), local news outlet ANI reported September 12. The Union Cabinet is the supreme decision-making body in India consisting of cabinet ministers and led by the prime minister, Narendra Modi. The MOU, which is a cooperative initiative under the BRICS Interbank Cooperation Mechanism, aims to foster […]

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Mt. Gox Opens Rehabilitation Filing System to Corporate Clients

Corporate customers tangled up in the aftermath of Mt. Gox’s historic hack can finally file for reparations. The now-defunct Japanese bitcoin exchange opened up its claim filing system to corporate users this Wednesday, September 12, 2018. Previously, the system was open only to non-corporate individuals as of August 23, 2018, but with today’s announcement, any entity that lost funds to the exchange can now file for rehabilitation claims. Creditors have until October 22, 2018, to file for rehabilitation, after which point they will be disenfranchised. Established by […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 12

U.S. financial regulators are watching crypto companies with increased scrutiny, helping rebuild investor confidence in the industry. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Financial regulators are watching companies involved in the cryptocurrency industry with increasing scrutiny. On September 11, the U.S. Securities and Exchange Commission (SEC) […]

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High Profile Cryptocurrency Firms Hope to Influence US Law

A group of cryptocurrency luminaries and businesses have announced the formation of a US lobbying entity based in Washington known as the Blockchain Association. The creation of the political solicitation group was initiated by firms such as Circle, Coinbase, Polychain Capital, and the Digital Currency Group. Also read: With Bitcoin Cash, A Namibian Conservationist Hopes To Save Endangered African Wild Dog Digital Currency Businesses Initiate US Lobbying Group Called the Blockchain Association This week a group of well-known cryptocurrency firms announced the launch of a US lobbying organization […]

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Public Anger Forces Bank CFO to Quit Over Huge Money Laundering Affair

Bank executives rarely get punished for their misdeeds, leading to many people distrusting the entire banking system as plagued with widespread corruption. But once in a while someone has to bite the bullet. Recently, public anger has forced a CFO of a major bank to quit after a huge money laundering affair came to light. Also Read: Denmark’s Largest Bank May Have Facilitated up to $150 Billion in Money Laundering CFO Leaves ING ING Group (EPA:INGA), the Dutch multinational banking corporation, has announced on Tuesday that Koos […]

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World Economic Forum and the Chinese Cryptocurrency Space

On the latest episode of The Bitcoin Game, host Rob Mitchell explains the recent trip he took to the World Economic Forum. Based in Davos, Switzerland, this international conference featured a wide number of economic experts and panelists within the international financial industry. Sitting on one such panel titled “The Crypto Asset Bubble,” Jennifer Zhu Scott, a founding partner at Radian, later came on this week’s episode of The Bitcoin Game to discuss the trajectory of the future cryptocurrency industry worldwide, as well as her opinions on […]

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Federal Judge Applies Long-Established Securities Law to ICOs

Does a decades-old securities law apply to an initial coin offering (ICO)? In a case that represents the first time securities laws have been applied to cryptocurrencies, a district judge says it may. On September 11, 2018, in a district courthouse in Brooklyn, New York, Judge Raymond Dearie ruled that two ICOs were securities, based on established laws that govern the financial instruments. His decision does not imply that all ICOs are securities, but that simply calling a token a “currency” does not preclude it from being […]

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Two US-Audited Stablecoins Debut, Experts See Massive Impact on Crypto Market

New York approved two fully audited stablecoins from Gemini and Paxos, which experts say may largely impact the crypto market. As Cointelegraph reported on Sept. 10, with the approval of the New York Department of Financial Services (NYDFS), Paxos and Gemini officially announced the introduction of two stablecoins called the “Gemini dollar (GUSD)” and the “Paxos Standard (PAX).” Both stablecoins are backed by the U.S. dollar on a 1:1 basis, with every unit of GUST and PAX representing the value of one U.S. dollar. Experts believe that […]

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Biking Across America, Crypto Cyclists Look to Raise $1 Million for Charity

Crypto, charity and cycling. It’s an unlikely triad, but two fitness enthusiasts-turned-crypto philanthropists believe that, taken in combination, the three can drive positive change. Taking a cross-country cycling trip around the U.S., Tour de Crypto riders Jason Berlin and Jovel Velasquez want to raise $1 million in cryptocurrencies and USD for the Houston Area Women’s Center (HAWC), a non-profit organization with the mandate to “[end] domestic and sexual violence for all.” Through its advocacy, counselling, education, shelters and support services, HAWC works to help survivors build safe […]

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Mt. Gox Opens Online Rehabilitation Claim Filing System for Corporate Users

Defunct Japanese Bitcoin exchange Mt. Gox has extended its online rehabilitation claim filing system to corporate users. Now-defunct Japanese Bitcoin (BTC) exchange Mt. Gox has extended its online rehabilitation claim filing system to corporate users, according to an official announcement posted on the exchange’s site today, September 12. Today’s announcement follows upon an online system for individual (non-corporate) users that was released August 23, allowing them to file proofs of bankruptcy claims. The deadline for filing the rehabilitation claims is October 22, 2018, and the claims can […]

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