Judge in SEC v. Kraken case suggests he will deny motion to dismiss
In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities.
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Texas Securities Watchdog Shuts Down Craigslist Crypto Scammer
Authorities in Texas have issued a cease and desist order against an alleged crypto scammer operating on Craigslist.According to an Aug. 7 announcement, the Texas State Securities Board (SSB) enforced an emergency action against New York-based purported investment provider Forex and Bitcoin Trader. The SSB states that this is the fourth such action since the…
Building the blockchain industry despite market drops and regulation threats
Even if crypto regulation comes to America, top crypto investors are not worried as upward of 90% of cryptocurrencies are utilized outside the United States. 119 Total views 23 Total shares “The cryptocurrency market is the only truly free market that exists in the financial universe,” said Dan Tapiero, CEO of 10T Holdings, during a…
Bank of America Applies for Blockchain-Based Encrypted Crypto Storage System Patent
The U.S.’s second-largest bank, Bank of America (BofA), has applied for another blockchain patent on the development of a secure crypto storage system, according to a patent document published by the U.S. Patent and Trademarks Office (USPTO) August 23. The patent, entitled “Block Chain Encryption Tags,” describes a system of recording and storing cryptocurrency-related transactions…
US: New Legislation Proposes to Exclude Crypto From Securities Laws
Two United States congressmen introduced a bill in the House of Representatives on Dec. 20 that would exclude digital assets from being defined as securities.The “Token Taxonomy Act of 2018” was introduced by Reps. Warren Davidson (R) and Darren Soto (D) and seeks to exclude digital currencies from being defined as securities by amending the…
How Real World Use Cases Will Drive Crypto Growth in 2020
As Bitcoin enters its twelfth year, the past eleven offer a meaningful amount of time to identify key trends that have emerged around cryptocurrencies and blockchain technology. These trends provide insights that are helpful in projecting the future of the digital asset space and how it will take shape over the next decade.In reflecting on…
Virginian county wants to put pension funds into DeFi yield farming
The next few days will see a decision made, which if approved would be the first time pension fund money was used in decentralized finance. 357 Total views 38 Total shares The Northern Virginia county of Fairfax has already invested a part of its pension funds in crypto and blockchain startups. Now, it’s mulling over…
Cryptocurrency News From Japan: May 24 – May 30 in Review
This week’s headlines from Japan included GMO Coin exchange polling customers on their view of digital assets, Lisk opening a base in Japan, Bitflyer showing 2019 net losses, blockchain startup LayerX securing significant funding, and two entities reported successful collaborative blockchain-based securities experiments. Check out some of this week’s crypto and blockchain headlines, originally reported by…
China: Guangdong Province to Use Blockchain-Based Electronic Tax Invoices for E-Commerce
The Guangdong Municipal Taxation Bureau will implement an electronic invoice platform based on blockchain for the e-commerce industry, local Chinese news outlet Southern News Network reported on Feb. 18.Guangdong Province, one the most populated region in China, has opened the first blockchain electronic invoice service for customers and merchants, planning to extend their experience to…