The letter states the regulatory agency “will not recommend enforcement action” against a platform issuing a digital currency capable of being converted to fiat. The U.S. Securities and Exchange Commission, or SEC, has issued a rare no-action letter in response to a request from a blockchain-backed platform over the issuance of a digital asset. The SEC letter issued on Nov. 19 says that its Division of Corporation Finance would “not recommend enforcement action” against avatar social platform IMVU issuing its VCOIN digital asset under certain conditions. The […]

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As Bitcoin bulls attempt to flip $18K to support, DeFi investors are bagging hefty triple-digit sums. Since topping out at $18,476 on Nov. 17, Bitcoin price has been flirting with the $18,000 level as bulls fight to flip the level to support and chase after the all-time high at $19,789.  While this battle takes place and the bulk of crypto and mainstream finance outlets focus on Bitcoin price, a number of less-loved crypto assets are producing generous returns for investors. DeFi Assets Index. Source: Messari As shown […]

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He clarified that Ripple isn’t trying to compete with Bitcoin during a podcast appearance. Ripple CEO Brad Garlinghouse may be a critic of Bitcoin (BTC), but he still wants the original cryptocurrency to succeed in the long run.  Appearing on a Nov. 19 episode of Fortune’s “Brainstorm” podcast, Garlinghouse reportedly said Bitcoin is not competing with Ripple and that he continues to hold the number one cryptocurrency: “I don’t view what Ripple is doing as somehow competitive with Bitcoin. I want Bitcoin to be successful.” He implied […]

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Crypto-friendly regulation may be in the eye of the beholder. With nations around the world each holding significantly different regulations, what is the most crypto-friendly country? Kosala Hemachandra, CEO and founder of MyEtherWallet, labeled the query as a tough one.  “First we have to define what crypto-friendly means,” Hemachandra told Cointelegraph. “Some countries, like China, are looking at issuing government digital currencies, which would encourage swift adoption, but is not faithful to the decentralized spirit of crypto.” China has proven itself as one of the less-crypto-friendly countries […]

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Data show Bitcoin whales have set large buy orders in the $17,000 to $17,200 zone in order to protect the current BTC rally. According to analysis from Edward Morra, a popular Bitcoin trader, Coinbase and Bitfinex exchange now have major buy orders above $17,200. The emergence of major buy walls is important because on Nov. 18, BTC flash crashed to around $17,222. This shows that whales are using large buy orders to defend the $17,200 support area with strength. Bitcoin buy wall on Bitfinex. Source: Edward Morra, […]

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“I stayed silent for many years because I knew that there’d be consequences when I talked in public.” On a typically brisk winter evening in Saket, South Delhi, Jyoti Singh and a male friend enjoyed a trip to the movies to watch Ang Lees Life of Pi. Heading home afterwards they waited at a bus stop, and then boarded a private bus bound for Dwarka at around 9.30pm. But Jyoti didnt make it home. Six men brutally gang-raped and tortured her while her friend was beaten. On […]

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Crypto is often seen as trustless and failproof. But as more regulation, venues and developers come aboard, just how trustless is it really? Blockchain technology is great because it cuts out the middleman, removes the need to trust third parties, and gives users full agency over their finances, or true ownership of their wealth. From Bitcoin (BTC) to decentralized finance, blockchain technology has been delivering on this promise for quite some time now — but just how trustless is crypto really? Cryptocurrencies were created as a result […]

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Bitcoin could hit all-time high prices then consolidate like gold, according to the analyst. Bitcoin (BTC) has risen to rarely seen price highs, currently stalling between $17,000 and $18,500 before deciding on its next move. Gold recently broke all-time U.S. dollar price highs, surpassing $2,000 per ounce before pulling back and consolidating in price. Bloomberg Intelligence strategist Mike McGlone thinks the same could happen with BTC. “Short-term, $20,000 is pretty good resistance,” he said in a Bloomberg interview on Wednesday. “I’m afraid it’s probably going to do […]

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