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SEC Announces Second Forum on Crypto and Blockchain

SEC Announces Second Forum on Crypto and Blockchain

The United States’ Securities and Exchange Commission is set to launch its second public forum on cryptocurrency and blockchain on 31 May. The forum held in conjunction with the SEC’s Strategic Hub for Innovation and Financial Technology (FinHub) has caused the industry to speculate if major changes in regulation are being considered by the regulatory body. Until now the SEC …

Crypto the Movie Now Due for 12th April Release

Crypto the Movie Now Due for 12th April Release

With the current rise of cryptocurrency, people are finding new ways to exploit the financial system and the global economy. After discovering evidence of fraud, a young US government agent named Martin is tasked with following a long trail of corruption and theft. During his investigation, he finds that the people involved are more powerful than he could have ever …

Germany’s Stance on Security Tokens Could Be a Green Light for Europe

In a surprise move, the German Ministry of Finance has called for recognition of blockchain-based securities as a legitimate form of financial instrument. Friday’s announcement suggested that German law needed to recognize these types of securities, and legislation should be brought into place to support the changes. The new paper published by the ministry last week stated that “the currently …

Philadelphia Doesn’t Want Cashless Society Just Yet: New Laws from July

The US city of Philadelphia has joined both the states of Massachusetts and New Jersey in the introduction of new laws concerning how cash can be utilized in retail stores. From July of this year, most Philly retailers are now required to accept cash, as the city cuts down on electronic retailing. The Democrats’ new law is aimed at allowing …

PayPal, Visa Face No Dire Threat from Bitcoin, Claims Analyst

An analyst at research firm MoffetNathanson has claimed that Bitcoin is no more than a minor threat to established methods of payment such as Visa and Mastercard. Lisa Ellis, working for the researchers who cover the media and internet retail sectors, suggested that speed of transaction delivery will remain Bitcoin’s main hurdle to becoming a challenger in the industry. It …

After Ditching Visa, is US Grocery Chain Kroger Courting Bitcoin?

Kroger, The United States’ largest supermarket chain by revenue and the second-largest general retailer in the country with 142 supermarkets and 108 fuel center locations, has announced that it is to stop accepting Visa credit card payments next month. The big question remains, what will replace the credit card, which has been cited as being dropped as a payment option due …

Malta Banks Deny Blockchain, Crypto Operators Custody Service

In the past year, the Island of Malta made a name for itself as it strived to become the go-to-hub for blockchain and cryptocurrency businesses. However, it now appears that startups are encountering problems with account opening in local banks, as banks say cryptocurrency businesses are outside their risk appetite. Last week, Times of Malta was able to gather information from …

No Money Left, QuadrigaCX Tells Creditors At Supreme Court Hearing

No Money Left, QuadrigaCX Tells Creditors At Supreme Court Hearing

The Nova Scotia Supreme Court hearing has heard QuadrigaCX creditors pleas for reimbursement of funds following the death of the exchange’s founder, but the coffers are reportedly empty. The Halifax courtroom was told that the USD 70 million in cash and USD 190 million in Bitcoins and other digital assets could not be repaid to the 115,000 cryptocurrency traders owed …

Cryptopia Gets Green Light to Reopen After Hacking

Cryptopia Gets Green Light to Reopen After Hacking

New Zealand cryptocurrency exchange Cryptopia, which was hacked almost exactly a month ago, has been given the green light to reopen as local police wind up their inquiries. Cryptopia has over 2 million global users and offers trading for one of the world’s largest range of cryptocurrencies. January’s hacking resulted in the loss of some $USD 6 million worth of …

Chinese Billionaire Claims Bitcoin Patience Will Reap Rewards

As the much-discussed intuitional investment, hailed as cryptocurrencies jumpstart to a new crypto era, still awaits, a Chinese Bitcoin billionaire calls for patience. Zhao Dong, one of the world’s largest over-the-counter traders of Bitcoin, made the plea to the industry suggesting that it could be well into the year before the market gets the boost it needs. The entrepreneur was …

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