A New York fintech firm aims to launch Bitcoin derivatives upon approval of a registration acquisition from the U.S. CFTC. New York-based financial technology firm trueDigital Holdings LLC is aiming to acquire the registrations of trueEX LLC in a bid to launch a fully-regulated crypto derivatives exchange, according to a press release published on July […]
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A Texas Federal Court has ordered two defendants to pay $400,000 for allegedly conducting a fraudulent scheme to solicit Bitcoin from members of the public. A Texas Federal Court has ordered two defendants to pay $400,000 for conducting a fraudulent scheme to solicit Bitcoin (BTC) from members of the public, the United States Commodity Futures […]
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Fed Chairman Powell has said that a globally prevalent cryptocurrency could conceivably remove the need for reserve currencies. The Chairman of the United States Federal Reserve has said that a globally adopted cryptocurrency system could conceivably remove the need for reserve currencies. Testifying before the Senate Banking Committee on July 11, Fed Chairman Jerome Powell […]
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Blockstack has received approval from the SEC to run a public token offering via Regulation A+ — a first use of the regulation for a token offering. The United States Securities and Exchange Commission (SEC) has given blockchain-based startup Blockstack the go-ahead to run a $28 million public token offering under Regulation A+, according to […]
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New York-based Metropolitan Commercial Bank has requested that stablecoin issuer Tether close its accounts with the bank. New York-based Metropolitan Commercial Bank has requested that stablecoin issuer Tether close its accounts with the bank, technology-focused news outlet Coindesk reported on July 10. Tether and its affiliated companies have reportedly had accounts with Metropolitan Commercial Bank […]
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The world’s fifth top oil and gas firm, Shell, has invested in a blockchain-based energy firm. Shell, the world’s fifth largest oil and gas firm, has invested in a blockchain-based energy startup, Forbes reports on July 10. The European oil and gas giant has invested an undisclosed amount in New York-based LO3, whose Exergy platform […]
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Data from the New York Fed shows the U.S. is poised for financial turmoil, while bitcoin has ‘clear skies’ to an all-time high monthly close. Bitcoin (BTC) hit $13,000 again on June 10 as the 2019 bull market delivered fresh reasons to celebrate for traders and HODLers. Market visualization courtesy of Coin360 Data from Coin360 […]
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The office of the New York Attorney General has filed a memorandum arguing that its case against Bitfinex and Tether should proceed. The office of the New York Attorney General (OAG) has claimed that crypto exchange Bitfinex and stablecoin firm Tether have been operating in New York into 2019, according to official documents filed in […]
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Bitfinex has committed to using 27% of Tokinex’s past and future revenue for burning the LEO utility tokens. Bitfinex cryptocurrency exchange announced that it will spend 27% of past and future Tokinex revenue on burning LEO tokens, according to an official blog post on July 8. Bitfinex unveiled LEO in May as the native utility […]
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Regulatory pressures continue to have an effect on the most popular countries to mine cryptocurrencies. A move by the Iranian government to cut off the power supply to local Bitcoin (BTC) miners grabbed headlines in June amid a soaring price gain by the preeminent cryptocurrency. As Bitcoin surged to prices not seen since 2017, a […]
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