Day: November 27, 2019

Judge Preserves SEC Motion to Strike Telegram’s Void for Vagueness Defense

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A United States federal judge has preserved the Securities and Exchange Commission’s (SEC) move to strike Telegram’s “void for vagueness/lack of notice” defense. According to a letter dated Nov. 25, the SEC moved to strike Telegram’s proposed defense as being insufficient under federal law. On Nov. 26, Judge P. Kevin Castel ordered the motion to be preserved for 14 days until after the discovery period of the proceedings has ended.  In early October, the SEC claimed that Telegram’s $1.7 billion Gram (GRAM) token sale was illegal under U.S. securities laws.…

Revamping the Traditional PPV TV Subscription Model With Blockchain

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For the past few months, the modern world has witnessed TV providers battle it out for the exclusive streaming rights for consumer-favorite shows such as Seinfeld, Friends, The Big Bang Theory, The Office and South Park. On Nov. 12, Disney took the industry by storm with the release of its Disney+ streaming platform, which attracted over 10 million subscribers within 24 hours. This has called into question the continued viability of other streaming platforms, such as Netflix, who recently announced its partnership with Nickelodeon in an effort to compete with…

Former UBS Executive Establishes Digital Securities Insurance Platform

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A former executive of investment bank UBS has established a United States-based digital securities platform. According to a press release on Nov. 27, Claude Waelchli — who served over 12 years at UBS in various executive positions — launched the Tokenyz platform for issuing digital securities.  Waelchli states that the financial industry can benefit from digital securities as they can automate manual processes, streamline settlements, create liquidity, and lower minimum trade size. Eventually, Waelchli intends to connect “tech companies with immense tokenization capability but little financial acumen, and financial services…

Crypto ATM Provider Bitstop Begins Operating in Simon Malls Across the US

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Bitcoin ATM provider Bitstop has partnered with Simon Property Group in a bid to expand the coverage of cryptocurrency ATMs across the country in malls. The new locations for the ATMs include Carlsbad Premium Outlets in Carlsbad, Califronia, Mall of Georgia in Budford in Georgia, Miami International Mall in Miami, Sawgrass Mills in Sunrise, and The Avenues in Jacksonville, Florida. Bitstop has been proactively pursuing an aggressive expansion of its Bitcoin ATM network in the United States. The CEO of Bitstop, Andrew Barnard, believes that most of the people who…

Indian Government to Issue National Blockchain Strategy

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The Indian government is working on a national blockchain strategy in order to expand the technology’s adoption in the country.  As the India Times reported on Nov. 27, India’s Ministry of Electronics and Information Technology (MeitY) said that it recognizes the potential of blockchain technology and the need for the development of a shared infrastructure to carry out related use cases. The Ministry added that it is working on the “National Level Blockchain Framework.” The Minister of State for Human Resource Development, Communications and Electronics and IT, Sanjay Dhotre, noted…

A Global Economy Requires A Globally Backed Currency: Bitcoin

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Currency is vital to the global economy. It allows us to agree upon the value of something and exchange goods and services quickly. From building bridges to rocketships, currency incentivizes and coordinates people to work on things together by providing a standard global value (SGV). It’s a communication tool! It is no secret that the global economy is suffering and when a system that is vital to our survival is broken, people suffer! Let’s explore the only viable solution to our economic crisis and how we can help implement the…

No Santa Claus Rally as Crypto Analysts Remain Extremely Bearish on Bitcoin

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Bitcoin is likely to end 2019 on a bearish tone. Analysts share their year-end predictions and it appears that there will be no Christmas rally. With bitcoin flirting with $6,800 support, we might see a painful leg down soon. Bitcoin bulls might be sitting out the last month of 2019. While December has been kind to the top cryptocurrency since 2014, it appears that this year will be different. Analysts don’t see bitcoin bulls staging a coup in the next month or so. It appears that bitcoin has more downside…