October 11, 2019

tZERO-Backed Startup Seeks SEC Approval to Launch Security Token Market

news A firm part-owned by Overstock’s tZERO is seeking regulatory approval to launch one of the first markets for publicly traded, registered security tokens. The Securities and Exchange Commission (SEC) on Friday released a rule change proposal that would allow Boston Securities and Token Exchange (BSTX) to create an automated equity trading platform, with ownership...
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SEC Halts Telegram’s $1.7 Billion ‘Unlawful’ Token Issuance

The U.S. Securities and Exchange Commission (SEC) secured an emergency restraining order against the Telegram Group and its subsidiary TON Issuer for their $1.7 billion token sale. The SEC announced late Friday that it filed for and received an emergency action and restraining order halting Telegram from selling or otherwise distributing its gram tokens within...
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Traditional Financial Exchanges Oppose UK Crypto Derivatives Ban for Retail Investors

news The World Federation of Exchanges (WFE) has asked UK regulator Financial Conduct Authority (FCA) not to ban the sale of crypto derivatives to retail investors. A proposed ban would envelop regulated exchanges and CCPs who operate under stringent regulations to provide pre- and post-trade risk management standards that are designed tot foster safe and...
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Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project

news UPDATE (Oct. 11, 2019, 20:27 UTC): Mastercard and Visa have also confirmed they will not be joining the Libra Association. UPDATE (Oct. 11, 2019, 22:57 UTC): Payments platform Mercado Pago confirmed to CoinDesk that it, too, would “suspend its participation” in the Libra Association. Mastercard, Visa, digital auction company eBay, payments firm Stripe and Mercado Pago...
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Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks $53 Billion

news China Construction Bank, one of the largest Chinese commercial banks, has expanded its trade finance blockchain platform with new abilities, including cross-chain and inter-bank transactions, as trading volume surpasses $53 billion. Speaking in Beijing at the official launch of the upgraded platform BCTrade2.0, CCB vice president Ji Zhihong said the new platform will leverage...
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Next step on our European journey: Coinbase is granted an e-money licence in Ireland

Coinbase becomes one of just a few companies to receive the e-money licence, which will enable us to expand our Irish operation and ultimately deliver a better product to customers across some of our fastest-growing markets. At the end of 2018, we announced our first step into Ireland with a new office in Dublin —...
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Analysts Anticipate Ethereum to Drop Towards $170 as Crypto Markets Falter

Ethereum’s recently incurred upwards momentum has faltered after Bitcoin and the aggregated crypto markets hit a massive level of resistance overnight that shifted the tides and sparked a short-term downtrend.Multiple analysts are now noting that Ethereum may soon target significantly lower lows, which could mean that the recent uptrend was simply a flash in the...
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VanEck: 4 Reasons Why Bitcoin Improves Investment Portfolio Upside

Major U.S. asset manager VanEck lists 4 reasons why Bitcoin improves an investment portfolio
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Bitcoin Price Analysis: Breakout Gets Rejected as Supply Drowns Bulls

Last night, the bitcoin market saw a strong breakout get immediately rejected as selling pressure shoved the breakout down from $8,800 to $8,200s in a very short period of time. At the moment, the market is sitting on top of strong support and it hasn’t broken just yet.  If the bulls are going to muster...
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Debate Is Heating Up Over Bitcoin Price Manipulation

Bitcoin’s decline in value late last month caught many by surprise, as the launch of Bakkt and other positive movements in the crypto space were expected to trigger substantial upward price movement. The fact that Bitcoin’s value is volatile and does not follow traditional wisdom is well known, and there has long been rumors of...
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Ethereum (ETH) May See Further Upside Before The Most Anticipated Downtrend

Ethereum (ETH) made a strong move to the upside past the 61.8% fib retracement level but it turned out to be a fake move and a lot of sell orders were triggered at that level which eventually led to a long doubled edged red candle that saw the price decline to the 50 EMA on...
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Telegram hit by SEC emergency action for its $1.7 billion token offering

The entities behind Telegram and its $1.7 billion ICO were hit by an emergency action and restraining order by the SEC for failing to register its Gram token as a security. The U.S. Securities Exchange Commission is alleging that the companies behind Telegram and its initial coin offering have been conducting an unregistered securities offering....
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Swedish Government Auctions Cryptocurrency Again

The Swedish Enforcement Authority, Kronofogden, is once again auctioning off cryptocurrency that has been allotted for public sale. The online auction, which is the second of this kind the government agency conducts, starts on Friday, October 11. Also read: Sean Walsh: Cryptocurrencies Can Harness More Human Energy BTC Worth $37,000 Offered to the Public The...
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More Whales Are Hoarding Bitcoin After Accumulating During Bear Market

A new data set has emerged that shows the growth in Bitcoin addresses holding more than 1000 BTC, and it is currently experiencing a new high following the bear market.The post appeared first on NewsBTC
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Libra Suffers Heavy Blows: Visa, eBay And Mastercard Quit

The Libra coin news recently are surrounded by a lot of scrutiny, mainly coming from regulators but also from backers such as Mastercard, Visa and as of recently PayPal, which decided to exit the project before its 2020 launch. However, in the meantime, around 30 different blockchain companies and nonprofits plan to initiate a new...
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What are Blockchain Domains?

The world of domain name registration and services has seen little to no innovation in recent years. A new venture known as Unstoppable Domains is here to change all of that. This software company is building domains on blockchains, and they have now launched their first domain extension. Users looking to obtain a .crypto domain...
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Coinbase Gets E-Money License In Ireland, Expanding European Foothold

Coinbase is expanding its European foothold with an e-money license from the Central Bank of Ireland. “One of just a few companies” On Oct. 11, Zeeshan Feroz, the CEO of the United Kingdom arm of San Francisco-based cryptocurrency exchange Coinbase, announced that the exchange had become “one of just a few companies,” to have received...
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Ethereum Is No Longer a Monopoly Platform for Stablecoins

Ethereum-based stablecoins are declining as teams increasingly use other blockchains to facilitate price-stable currencies. Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There...
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Breaking: US SEC Deems $1.7 Billion Telegram Offering Illegal, Orders Halt

The U.S. SEC announces an emergency action against Telegram’s initial token offering, which has already raised over $1.7 billion. The United States Securities and Exchange Commission (SEC) has announced that Telegram and the forthcoming GRM token constitute an unregistered digital token offering. Per an Oct. 11 press release, the SEC has filed an emergency action...
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The History and Future of Phishing

Having a spam email show up in your inbox nowadays is most of the time a harmless annoyance and we don’t really pay attention to them nearly as much as we used to. But a few decades ago, spam emails had bigger ramifications, and sometimes, even today, spam emails can wreak havoc on our systems. ...
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Bitcoin Price Rejected at Key Level Near $9,000

Over the past five days, Bitcoin (BTC) has rallied more than $1,000, from $7,770 to $8,835, giving the crypto space hope of further upside. Bitcoin’s Oct. 11 daily candle, however, faced rejection near a few key levels, showing that crypto’s largest asset is still struggling to hit the $9,000 mark.  Daily crypto market data. Source:...
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Casa solves fundamental unsolved problem in Bitcoin: Jameson Lopp

The rising crypto custody startup Casa has been making headlines for its efforts into promoting the Bitcoin ecosystem. The company’s CTO, Jameson Lopp featured in an interview to discuss Casa’s roadmap and related business decisions. Showing support to the crypto community through his “philosophical viewpoint”, Lopp said, “If money is this abstract concept that belongs...
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Major Chinese Bank Updates Blockchain Platform After $50 B Transacted

The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platform On Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People’s Republic of China, announced the...
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Miners May Be Perpetuating Bitcoin Volatility as Analysts Anticipate Significant Drop

After finding some stability following its bullish upwards movement earlier this week, Bitcoin’s momentum has faltered and is showing bearish signs that may point to an underlying weakness amongst BTC’s bulls.Analysts are now noting that they anticipate a significant downwards movement for Bitcoin in the near-term and are also noting that there may be an...
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CTFC head: Ethereum is a commodity, anticipates launch of ETH futures

The chairman of the U.S. Commodities and Futures Trading Commission (CTFC) gave verbal confirmation that Ether is a commodity and that he expects an Ethereum futures contract will soon be launched in the United States, as reported by Yahoo Finance. Speaking at Yahoo Finance’s annual All Markets conference in New York, Chairman Heath Talbert emphasized...
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Breaking: Visa, Mastercard, eBay, Stripe All Leave Libra

Wow. Within the span of an hour or two, reports have revealed that Facebook’s crypto project, Libra, suffered some heavy blows.It first started on Friday morning, with the Financial Times revealing that both eBay, the e-commerce/online marketplace giant, and Stripe, a fintech giant, have dropped out of the Libra Association.Speaking to the outlet, an eBay...
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‘IRS’s crypto-tax guidance modeled after successful enforcement against Swiss account holders’

Taxation on cryptocurrencies and their associated earnings have long bugged crypto-enthusiasts across the world. An attempt to clarify the tax position on these assets was offered by Shartsis Friese LLP’s tax attorney, Dashiell Shapiro, who appeared on BloombergTV. Shapiro spoke about the recent guidance issued by the IRS with regards to taxation on crypto-holdings and...
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BTC Surf Expands Its Exclusive Offer for Its Community

If you have been in the world of cryptocurrencies for a long time, you should have experienced the evolution of the business models. In the initial phase, there were many business models linked to advertising. The already known “faucets”, and the PTCs (Paid To Click) were a viable way of acquiring small portions of cryptocurrencies...
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Crypto Analyst: Bitcoin Continues To Follow Bear Market Bottom Fractal

After Bitcoin price broke down from its multi-month triangle formation, the entire crypto market is watching, waiting, and wondering where the bottom of the current downtrend is.The post appeared first on NewsBTC
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Coinbase Custody Announces Support for Maker Governance Voting

Coinbase Custody now allows Maker (MKR) holders to participate in the project’s governance without withdrawing their funds. The announcement comes from a Coinbase blog post published on Oct. 11. By implementing the governance feature, Coinbase Custody enables MKR holders to participate in on-chain governance directly on the platform, avoiding the need to withdraw their funds...
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