If you started your legal career more than 30 years ago in the Securities and Exchange Commission’s (SEC’s) Enforcement Division by suing a company offering geographical dental licenses on the theory they are “investment contracts” and thus “securities” subject to registration under the federal securities laws,*[1] you learned a few things. Among them are invaluable...Read More
The IRS doesn’t take kindly to people purposefully evading taxes. This is especially true when those users are also cryptocurrency holders or traders. Despite sending out thousands of letters in recent weeks, the agency is already stepping up its game. A new version is making the rounds which is a lot more straightforward and firm. It...Read More
The Cardano Foundation, an organization responsible for driving adoption of Cardano (ADA), has joined forces with Konfidio, a Berlin-based blockchain venture studio, to promote the adoption of distributed ledger technology (DLT) by governments, large corporations and startups alike, according to a press release on August 15, 2019. Cardano Fostering Blockchain Adoption In a bid to...Read More
Bank of America Merrill Lynch recently surveyed fund managers and found that investors are the most bullish they’ve been on bonds since the end of 2008. But that popularity comes as long-term risks are developing for traditional asset classes. For these reasons, Morgan Creek Capital Founder & CIO, Mark Yusko thinks new types of protective...Read More
Bitcoin, or any sort of cryptocurrency, is the latest head scratcher for many, young and old alike. It’s not just your grandma who’d struggle to understand Bitcoin as the market is still considered to be in its early stages, with some saying it’s like the internet was in 1994. Luckily, we’ve designed this article precisely to...Read More
Stellar (XLM) price takes another deep drop. The coin still holds the hope for recovery. Stellar (XLM) opened the month with a downtrend. The traders were seen worried for a week. After the fall, the coin started escalating from the second week. Well, the market soon started slipping, and again, Stellar (XLM) has to face...Read More
A recent report by The Tie.io highlighted over-hyped cryptocurrencies on Twitter, and the details are not surprising. Less popular cryptocurrencies with low trading volumes exhibited high “Hype-to-Activity” ratios on Twitter, a social media platform that has become a battleground for scam bots and FUD stompers of the cryptocurrency market. The Hype-to Activity metric measured the...Read More
Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords. Coinbase announced the news in an official blog post on Aug. 16. According to...Read More
Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Now his firm is teaming up with fellow blockchain startup Keep to launch the Cross-Chain Working Group, which aims to create a protocol for using bitcoin on ethereum-based systems. The group hosted its first meeting on Thursday with more than 40 participants,...Read More
Popular Fortnite player Yelo tells CCN what is behind his latest move to Enthusiast-owned Luminosity Gaming. | Source: Enthusiast Gaming By CCN Markets: You may never have heard of Enthusiast Gaming, but chances are you soon will. With sights set on consolidating one of the largest gaming networks in North America, Enthusiast is making more...Read More
Photo: Unsplash Last time we wrote of how Bitcoin futures contracts platform Bakkt was going to launch its services in the third quarter of this year. And now it will become possible thanks to gaining the approval from the NYDFS that would enable it to operate as a limited-purpose firm. CEO of Bakkt, Kelly Loeffler,...Read More
A recently concluded Nobl Insurance study reveals that the crypto market grew by a spectacular 48 percent in the period 2018 – 2019. Moreover, the study forecast that the American cryptocurrency market will continue to expand in the next 12 months. 25 Million Americans Are Considering Buying Crypto in the Next 12 Months Nobl Insurance...Read More
Those who are involved in or invested in Bitcoin, likely know full well the crypto asset’s long-term price potential and its potential to become the single global currency across the internet and beyond. They also know that Bitcoin has out-performed every asset in history, including anything the stock market has to offer, even including the...Read More
Noone can deny the fact that the legendary Lamborghini, as a world widely known car brand, stands for prestige and guarantees high visual status for its drivers. In the recent years of cryptocyrrency revolution, the luxury brand of Lamborghini has become the emblem of success for many crypto enthusiasts, who managed to earn millions of...Read More
The Tron Foundation released its latest DApp Review, with the report revealing its growing dominance in the DApp ecosystem, as well as the increased use of smart contracts which surged to 1362 last week. The report highlighted the addition of two new DApps to the ecosystem; namely, Tron Name Service (TNS) and Zethyr Exchange. Tron...Read More
A Florida federal judge has denied self-proclaimed Bitcoin inventor Craig Wright’s motion to dismiss a lawsuit concerning the alleged theft of a huge amount in Bitcoins from a former business partner, Dave Kleiman. According to a court filing from August 15, Florida judge denied a request made by Craig Wright to scamper a lawsuit filed...Read More
The Ripple price is a screaming buy, according to market analyst Naeem Aslam. But should investors tread with caution when it comes to XRP? | Source: Shutterstock By CCN Markets: Since late June when the Ripple (XRP) price reached its 2019 high near $0.50, the cryptocurrency has plummeted nearly 50 percent. Currently, XRP is trading...Read More
The bitcoin price spiked after regulated futures platform Bakkt announced it had received approval to launch in September. | Source: Shutterstock By CCN Markets: Bakkt, a bitcoin futures trading platform operated by ICE, the parent company of the New York Stock Exchange (NYSE), finally received approval from the Commodities and Futures Trading Commission (CFTC) to...Read More
Bitcoin price has been trapped in a symmetrical triangle for weeks now, bouncing back and forth between the top and bottom resistance and supports, making increasingly lower peaks and higher troughs, but breaking news surrounding Bakkt may have just ended any bearish pressure for the time being.The post appeared first on NewsBTCRead More
The Australian Tax Office has issued warning letters to 18,000 Self Managed Super Funds (SMSFs) for concentrating too much investment in one asset class. Under Australian law it is illegal to use more than 90% of retirement funds on a single class, such as property or cryptocurrency, as reported by local news outlet, Micky, Aug....Read More
After a long wait, the highly anticipated Bakkt physically settled Bitcoin (BTC) futures product is almost a reality, as the company announced today that they are cleared to launch their platform and product in the coming weeks.This news has since spread like wildfire across the crypto industry and even led Bitcoin to spike nearly 4%...Read More
On July 8, Bitfinex, the noted cryptocurrency exchange, had announced the spending of 27% of all accrued margin trading fees to buyback and burn UNUS SED LEO tokens. In an update for the same, the exchange today informed the community of completing the redemption and burning of these LEO tokens. Bitfinex tweeted, “The new UNUS...Read More
