Day: April 9, 2019

French Stock Market Regulator Issues Warning About Crypto-Related Firm

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The Autorité des marchés financiers (AMF) has warned the public about a firm offering training courses and software for trading cryptocurrency and investing in forex markets, according to an announcement published on April 9. The AMF — the stock market regulator in France — has issued a warning regarding the operation of Kuvera LLC(1)/Kuvera France, which allegedly promotes trading on “highly speculative products” and targets young people. Specifically, the company offers training courses and software solutions that would ostensibly help clients invest in forex and crypto markets. Additionally, Kuvera offers…

Crypto Tax Firm Makes Half-Baked Bid to Drag Coinbase Through the Mud

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Legal Advocate Quits, Takes Massive Loss on Bitcoin Claim

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Michigan House of Representatives Votes to Include Cryptocurrencies in Criminal Laws

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The Michigan House of Representatives has passed a bill, HB 4102, on April 9 that would include cryptocurrencies in criminal codes regarding illegal actions for financial gain. Michigan lawmakers have voted to introduce amendments to various sections of the Michigan Penal Code, specifying that cryptocurrency would be included in provisions relating to money laundering, embezzlement, credit card fraud and financial transactions involving the proceeds of a criminal offense. The legislation also prohibits the collection of cryptocurrency — or any currency — for the fighting, baiting or shooting of an animal.…

TrueUSD Audit Shows Full US Dollar Backing

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TrustToken has published the results of an audit of its stablecoin TrueUSD (TUSD) in a blog post on April 8. The audit shows that it has the full amount of United States dollar reserves. Per the Independent Accountants’ Report prepared by certified public accounting firm Cohen & Company, as of March 31, 2019, the U.S. dollar balance held in escrow accounts was $199,063,885, while the balance of TUSD tokens issued and being in circulation was 198,982,291 TUSD. The issued and outstanding TUSD tokens as of the date purportedly do not…

Ethereum Price Stalls as DApp Users Flirt with Other Crypto Platforms

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Bank Frick Launches BTC-ETH Tracker Along With Partner Bitcoin Suisse

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Liechtenstein-based Bank Frick has issued an active Bitcoin (BTC) and Ethereum (ETH)-based tracker along with digital finance firm Bitcoin Suisse, the firm announced on April 9. Starting today, Bank Frick will offer institutional and qualified investors access to its BTC-ETH tracker, the certificates of which will take the form of both a classic security and a token, according to Bank Frick’s press release. Within the new initiative, Bank Frick acts as issuer and will be responsible for issuing crypto certificates, which target qualified investors exclusively. In turn, Bitcoin Suisse acts…

Ripple (XRP) Draw-downs, is CoinBase a Systemic Risk?

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Ripple prices slide 2.5 percent Volumes drop reflects low prices Although centralized exchanges play a role, it should be a worry if they become too big to fail because if they do, then it will pull down the market with it. Meanwhile, sellers are back, and Ripple (XRP) may drop to 34 cents or lower in a correction. Ripple Price Analysis Fundamentals We can draw many lessons from the GFC of 2008-09. Before everything crumbled, the so-called global banks, too big to fail, lent out money to unqualified borrowers and…

Bitcoin Exchange Bitstamp Earns BitLicense After Ridiculous 3-Year Wait

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China Scare, Bitcoin (BTC) Mining Ban? Bulls to Overcome

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Bitcoin prices stable above $5,000 NDRC of China propose Bitcoin and cryptocurrency mining China’s National Development and Reform Commission (NDRC) of the opinion cryptocurrency and Bitcoin (BTC) rigs don’t adhere to relevant laws and regulators, pollute the environment and unsafe and therefore propose a ban. If that is the case, the network’s hash rate will drop and so will prices. Bitcoin Price Analysis Fundamentals Hours after reliable sources revealed that Bitcoin traders were circumventing state restrictions and funneling funds to BTC via stable coins with OTC facilitation, news is China…