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Regulatory Overreach is Crippling the U.S. Crypto Sector: Law Prof.

Regulatory Overreach is Crippling the U.S. Crypto Sector: Law Prof.

Source: https://www.ccn.com/regulatory-overreach-is-crippling-the-u-s-crypto-sector-law-prof/ A law professor has reached an unflattering conclusion regarding the regulatory climate of the crypto space in the United States — it’s confusing! According to Carol Goforth, who teaches at the University of Arkansas School of Law, “overlapping regulations produced by a multitude of distinct agencies with different missions and priorities” has resulted […]

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Bitcoin Cash Drama & a[nother] Blockchain Phone

Bitcoin Cash Drama & a[nother] Blockchain Phone

Source: https://www.ccn.com/this-week-in-crypto-never-ending-bitcoin-cash-drama-another-blockchain-phone/ The Bitcoin price grabbed the headlines this week, once again plunging to a new yearly low and placing the crypto market on the brink of sinking below the $100 billion level for the first time in 2018. However, there was much more than price action afoot, and, per the usual, much of it […]

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Crypto ICOs in Crisis, Running Out of Money With No Products

Crypto ICOs in Crisis, Running Out of Money With No Products

Source: https://www.ccn.com/analyst-crypto-icos-in-crisis-running-out-of-money-with-no-products/ In the bull market of 2018, initial coin offering (ICO) projects in the crypto market raised tens of millions of dollars on average from investors in the public market to create decentralized applications (dApps) and systems. Fast forward 12 months, most of the ICO projects that currently exist in the sector have either […]

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$80 Million ICO TenX Founder Linked to Pyramid Scheme: Report

$80 Million ICO TenX Founder Linked to Pyramid Scheme: Report

Source: https://www.ccn.com/80-million-ico-tenx-founder-linked-to-pyramid-scheme-report/ TenX president Julian Hosp has reportedly been implicated in connection with Lyoness, an Austrian discount shopping service that has been declared an illegal pyramid scheme in Norway, Austria, and Switzerland. After a summer of Chinese whispers on the internet alleging that he was involved in Lyoness before becoming the face of TenX, a video has emerged that appears to […]

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Crypto Community Reacts to New Coinbase Listings: Reception Generally Negative

Crypto Community Reacts to New Coinbase Listings: Reception Generally Negative

Source: https://www.newsbtc.com/2018/12/08/crypto-community-reacts-to-new-coinbase-listings-reception-generally-negative/ After Coinbase announced that it would review some 30-plus crypto assets for listing, the crypto community launched a word-war against it. The conservative US exchange, which operates under the strict watch of the Securities and Exchange Commission (SEC), revealed the names of these tokens in a recent announcement on Friday. While the new […]

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Israel’s Tax Body Aggressively Pursuing Cryptocurrency Tax Evaders

Israel’s Tax Body Aggressively Pursuing Cryptocurrency Tax Evaders

Source: https://www.ccn.com/israels-tax-body-aggressively-pursuing-cryptocurrency-tax-evaders/ The tax-collection agency of Israel is targeting cryptocurrency traders and investors in an aggressive push aimed at stemming tax evasion. According to the financial daily Calcalist, the Israel Tax Authority (ITA) has taken stern measures aimed at nabbing those suspected of not reporting gains made from cryptocurrency investments and trading. Some of the […]

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Power Ledger’s Blockchain Energy Service is Live in Fremantle

Power Ledger’s Blockchain Energy Service is Live in Fremantle

Source: https://www.ccn.com/australia-power-ledgers-blockchain-energy-platform-goes-live-in-fremantle/ Australia’s coastal city of Fremantle has kicked off a trial that will allow some residents to trade solar power on a blockchain-based platform provided by renewable energy-focused crypto startup Power Ledger. According to the Minister for Finance, Energy and Aboriginal Affairs in the government of Western Australia, Ben Wyatt, around 40 households in […]

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SEC Slaps Crypto Investment Fund with Cease-and-Desist Order

SEC Slaps Crypto Investment Fund with Cease-and-Desist Order

Source: https://www.ccn.com/sec-slaps-crypto-firm-with-50000-fine-for-selling-unregistered-securities/ The Securities and Exchange Commission (SEC) issued a cease-and-desist order against a crypto investment fund for distributing unregistered securities. The US securities regulator also slapped CoinAlpha Advisors LLC, a Delaware-based blockchain financial products company, with a $50,000 fine. According to the SEC order, CoinAlpha declined to register its business, which involved investing in […]

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Why South Korea Will Play a Major Role in Cryptocurrency Adoption

Why South Korea Will Play a Major Role in Cryptocurrency Adoption

Source: https://www.ccn.com/why-south-korea-will-play-a-major-role-in-cryptocurrency-adoption/ As a high-tech hub known for its consumer electronics, tech giants, esports, and global innovation, perhaps it’s not surprising that a report by Cindicator revealed that South Korea will play a major role in cryptocurrency adoption. By reviewing existing data on exchange volumes, recent economic history, regulation, and trends, the tokenized fintech asset […]

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Will The Crypto Market Go Under $100 Billion?

Will The Crypto Market Go Under $100 Billion?

Source: https://www.ccn.com/bitcoin-on-the-brink-will-the-crypto-market-go-under-100-billion/ The crypto market has faced a lot of downward pressure the past few weeks and, as we reported yesterday, so is everything else. Indeed, the week saw an overall 3+% loss in the Dow Jones Industrial Average, and no other exchanges were performing well, either. It’s just a bad time to be a […]

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