Legal

Ex-FDIC Chair Bair: ‘I Welcome’ New Rules for Crypto

3 days ago admin2 0
Sheila Bair, a former chairperson of the Federal Deposit Insurance Corporation (FDIC), believes the U.S. should create a wholly new regulatory framework for cryptocurrencies. Speaking at CB Insights’ Future of Fintech conference on Thursday, the noted Fedcoin supporter – that is, a cryptocurrency operated by the U.S. central bank – addressed the challenges that regulators face Read More

US Ethics Office: Government Officials Must Disclose Crypto Holdings

6 days ago admin2 0
Those working for the executive branch of the U.S. government must disclose their cryptocurrency holdings, ethics officials said Monday. In a legal advisory released Monday, the U.S. Office of Government Ethics (OGE) clarified that cryptocurrency is “property held … for investment or the production of income” instead of a “real” currency or legal tender. As a Read More

Bank of International Settlements to Publish New Crypto Research

1 week ago admin2 0
The Bank of International Settlements (BIS) is dedicating two chapters of its forthcoming annual economic report to cryptocurrencies. BIS – considered to be the central bank’s central bank – will publish those two chapters this weekend on June 17, the institution announced this week. The full report will be published on June 24. The upcoming Read More

SEC Official Pushes Back on Claims Ether Is a Security

1 week ago admin2 0
Ethereum is not a security, at least in the view of U.S. Securities and Exchange Commission (SEC) director of corporate finance William Hinman. Speaking at the Yahoo! All Markets Summit: Crypto event in San Francisco Thursday, the official told the audience that the agency “doesn’t see a lot of value in treating ether today as Read More

Michigan Bill Would Make It Illegal to Counterfeit Blockchain Data

2 weeks ago admin2 0
A pair of bills submitted to Michigan’s state legislature would make it a crime to illegally alter a blockchain record. One of two bills presented earlier this month by state representative Curt WanderWall tweaks the state’s penal code pertaining to those who “makes, alters, forges or counterfeits a public record.” Under the proposed legislation, this Read More

Former SEC Chair to Represent Ripple in XRP Lawsuit

3 weeks ago admin2 Comments Off on Former SEC Chair to Represent Ripple in XRP Lawsuit
Court records show that distributed ledger startup Ripple is being represented by two former Securities and Exchange Commission (SEC) officials – including its onetime chairwoman, Mary Jo White – in an ongoing civil matter. Twin filings reveal that White, along with Andrew Ceresney, are representing Ripple in a lawsuit first filed in May by investor Ryan Coffey. Read More

Stock Trading App Removes Crypto Price Tracking After Debut

4 weeks ago admin2 Comments Off on Stock Trading App Removes Crypto Price Tracking After Debut
A popular Chinese mobile stock trading app appears to have removed its cryptocurrency price tracking feature just two weeks after the new service went live – possibly due to regulatory rumblings in the country. Reports first emerged on May 17 that the app – called Tong Huashun (or “Straight Flush” in literal translation) – had Read More

No Disney, No PayPal? SEC Charges ICO Founder Over False Statements

4 weeks ago admin2 Comments Off on No Disney, No PayPal? SEC Charges ICO Founder Over False Statements
The U.S. Securities and Exchange Commission has charged the company behind an initial coin offering (ICO) and its president with securities fraud. Michael Stollery, also known as Michael Stollaire, has been accused along with Titanium Blockchain Infrastructure Services of violating the SEC’s antifraud and registration provisions in connection with a multi-million dollar token sale. The Read More

Complete List of Bitcoin Friendly Countries for Cryptocurrency Businesses in 2018

4 weeks ago admin2 Comments Off on Complete List of Bitcoin Friendly Countries for Cryptocurrency Businesses in 2018
Last updated on May 23rd, 2018 at 03:20 pm One of the great advantages of Bitcoin is its international nature. Wherever you are in the world, so long as you have an internet connection, you can use Bitcoin to send and receive money. That said; some parts of the world are much friendlier to Bitcoin Read More

Chinese Blockchain Event Draws Backlash Over Chairman Mao Stunt

4 weeks ago admin2 Comments Off on Chinese Blockchain Event Draws Backlash Over Chairman Mao Stunt
Chinese cryptocurrency media companies are boycotting an ongoing blockchain conference after the organizer used a Chairman Mao impersonator to promote the event. Dubbed the Bo’Ao Blockchain Forum for Asia (not to be confused with the Bo’Ao Forum), the two-day event in Hainan province is co-hosted by a Chinese blockchain and cryptocurrency media firm BiKuai.org and kicked Read More