Day: September 15, 2018

US Regulators Extend Their Purview Within Crypto Industry

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This week, on the same day, two United States regulating bodies — the Financial Industry Regulatory Authority (FINRA) and its ruling organization the Securities and Exchange Commission (SEC) — reported filing objections against non-compliant crypto players who made some false statements regarding their businesses. While the SEC barely needs any introduction for those who follow the crypto industry, FINRA might seem unfamiliar. FINRA is a private, non-federal agency, although it is overseen by the SEC. It regulates one specific part of the securities industry in the U.S.: brokerage firms doing…

Russian Lobby Group to Present Alternative Bill on Digital Assets

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A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) is working on an alternative crypto regulation bill, which will eliminate supposed contradictions in the state draft law “On Digital Financial Assets,” Forklog reported Thursday, September 14. The alternative bill will be developed by a group of high-ranked Russian managers such as billionaire Vladimir Potanin, owner of the nickel and palladium mining and smelting company Nornickel, and Viktor Vekselberg, head of the Russian innovation fund Skolkovo. Both are listed among the top ten richest businessmen in the country…

BMW Partners Blockchain Startup to Develop Customer Lending Solution

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BMW Group financial services has announced its partnership with blockchain startup Bloom in a bid to streamline its customer journey and user experience, per a Medium post. Bloom helps to make the traditional lending process easier hence helping to reduce the risk that consumer data is exposed to. Individuals can secure their data on their local device and apply for credit without exposing data to risk, using Bloom’s blockchain-based mobile application. Anyone can take advantage of the blockchain technology because of bloom’s straightforward onboarding process. Through this move, BMW Financial…

Overstock to Offer Bitcoin for Sale After Acquiring Bitsy.com Biometric Wallet

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Medici Ventures, a blockchain/crypto specific division of Overstock.com, has acquired Bitsy.com in an effort to finally merge the worlds of online retail with decentralized, digital cash facilitated by the Bitsy’s new biometric wallet. The Crypto Winter, assuming it ends at some point, might be best defined by what companies in the space did to prepare for the future, to consolidate and increase relative positions as others retreated.   Also read: Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge Rules Overstock’s Medici Acquires Bitsy Overstock CEO Patrick Byrne announced, “Bitsy…

Ten Years after Lehman Brothers Sunk, Wall Street Comes Full Circle on the Back of Bitcoin

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Ten years after Lehman Brothers filed for bankruptcy in 2008, a host of new financial offerings is hoping to entice sullied investors back into the market. The task hasn’t been easy, however. The financial crisis that spawned Bitcoin has left enough emotional damage to keep those with a keen sense of memory far from equities and traditional stocks. This same adversity has also pushed millennials into the arms of products far outside the realm of conventional banking: Cryptocurrencies. The Bigger They Are, the Harder They Fall On September 15, 2018,…

Two large scale Blockchain facilities opened by Etix blockchain in Iceland.

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A new division of Etix Group, Etix Blockchain, announced it has opened two new Blockchain facilities in Iceland. The buildings are located near Iceland’s capital city Reykjavik (only 10 minutes away from the international airport of Keflavík). The other building is situated in Blönduós (located in the north of the country). In both locations the first facilities are already operational, and more buildup will be completed by the end of the year. As part of its global strategy Etix Group bought a majority stake in Borealis Data Center, an Icelandic…

Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years

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Venture capital investor Tim Draper has predicted that total cryptocurrency market capitalization will hit $80 trillion in the next 15 years, news outlet DealStreetAsia reported September 14. Speaking at the DealStreetAsia PE-VC Summit 2018 in Singapore, Draper argued that the significant slide in the cryptocurrency market in recent months is attributed to people who have not adopted digital currencies as a new asset class. Draper stated that once people become more familiar with the technology, it would transform many important industries globally: “I think it’s going to have such a…

Cardano Price Analysis: Cardano (ADA) Buyers Accumulate

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There are low time frame recoveries but it looks likely that our previous Cardano price analysis and subsequent price predictions remain true. This is despite the flurry of positive price boosting Cardano news which should naturally lift prices above it’s all-time-lows and main support at 7 cents. If anything, Cardano has a bearish outlook that’s unless there is a high-volume break and close above 7 cents later today. Latest Cardano News It’s true that there is a positive correlation between altcoins including Cardano and Bitcoin. Dominating at more than 55…

What is bitcoin? – The Coinbase Blog

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Coinbase CEO answers the number 1 question in crypto There’s a big gap between people curious about crypto and and the hodlers out there. Coinbase CEO Brian Armstrong has launched a new video series, Crypto Curious, intended to newcomers by answering common questions — starting with “What is Bitcoin?” Source link

France Finalizes New ICO Framework to ‘Attract Innovators Globally’

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France’s Minister for the Economy and Finance has announced that the government has accepted an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO), according to a tweet posted Wednesday, September 12. As finance Minister Bruno Le Maire states, the French stock markets regulator Autorité des marchés financiers (AMF) is now empowered to give licenses to companies that want to raise funds via an ICO, with the legislation aiming to help protect contributors’ interests. Le Maire also hopes that the current legal framework for…