Regulatory clarity key for banks entering crypto, industry exec says

New research published today, Aug. 6, has shed light on the infamous phenomenon of cryptocurrency-related Twitter accounts advertising fake “giveaways,” revealing a network of at least 15,000 scam bots. The analysis of Twitter bots, which continue to aggravate and even fool unsuspecting users, came from cybersecurity company Duo Security. The project involved a huge tranche…

SBI Ripple Asia — a subsidiary of Japanese financial services giant SBI Holdings — is launching a store settlement service affiliated with SBI Holdings and Ripple’s jointly developed consumer-focused XRP-powered payments app MoneyTap. The news was reported by Cointelegraph Japan on May 30.As previously reported, MoneyTap — which launched in the fall of last year…

Cointelegraph spoke to VCs to find out which sectors they’re currently interested in, as investments increased in Q2.

Traders who use the Ethereum network are familiar with the ERC-20 technical standard and have most likely traded and invested in tokens that utilize it. After all, its practicality, transparency and flexibility have made it the industry norm for Ethereum-based projects.As such, many decentralized applications (DApps), crypto wallets and exchanges natively support ERC-20 tokens. However,…

The United States Internal Revenue Service (IRS), the agency responsible for tax collection, released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to report to simplify tax filing and cut down on tax cheating.The proposed Form 1099-DA would “help…

“We believe voting should be safe and accessible to everyone, everywhere,” said Ripple. 683 Total views 13 Total shares Blockchain-based payments firm Ripple has joined a non-partisan group of companies working to ensure access to fair voting in the United States.According to a Nov. 2 tweet from Ripple, CEO Brad Garlinghouse has joined Twitter CEO…

The Federal Election Commission in the U.S. unanimously voted to advance a petition to regulate political ads that use artificial intelligence. 160 Total views 1 Total shares The United States Federal Election Commission has pushed a petition forward in a unanimous vote on Aug. 10, which would potentially regulate deep fakes in political ads that…