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Regulations Round-Up: MAS Official Says Tokens Aren’t Securities, SEC on Bookkeeping Obligations

September 20, 2018 By Mark Lyford Leave a Comment

In recent regulatory news, an official representing the Monetary Authority of Singapore (MAS) has stated that no existing crypto tokens meet the regulator’s definition of a security offering; the chief accountant of the United States Securities and Exchange Commission (SEC) has emphasized the “fundamental” bookkeeping responsibilities of firms operating with cryptocurrencies; and the head of Abu Dhabi’s financial regulator has called on international legislators to “properly regulate” the cryptocurrency industries in order to facilitate greater market participation from mainstream institutions.

Also Read: The Daily: Coinbase Denies Self-Trading, Kraken Gets Feisty Read more...

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Official Launch of Liquid, a New Crypto Platform Opening up Liquidity for Crypto Markets Worldwide

September 7, 2018 By Mark Lyford Leave a Comment

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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Crypto Exchange Circle Recruits Former Homeland Security Official as Legal Chief

September 6, 2018 By Mark Lyford Leave a Comment

Circle Internet Financial has welcomed a new Chief Legal Officer, Gus Coldebella into the company’s senior leadership team after a four-year stint at the Department of Homeland Security (DHS) where he became the organisation’s General Counsel. Announcing the new hire in a blogpost on September 6, Circle stated that Coldebella will be responsible for all of

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Petro Will Be An Official Alternate Currency in Venezuela

August 18, 2018 By Mark Lyford Leave a Comment

Venezuelan President Nicolás Maduro announced this that the Petro, an oil-backed cryptocurrency that the country launched to work around sanctions in February, will become an official currency for the state oil company PDVSA. By Monday next week, the Petro will become an accounting unit. According to the Spanish news site ABC, Maduro said in a televised

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Lightning Network Payment System “SparkSwap” Makes Its Official Debut

August 11, 2018 By Mark Lyford Leave a Comment

A new way to trade bitcoin and digital currencies is now in the books. SparkSwap is the first crypto exchange to be built on the Lightning Network. It allows users to trade both bitcoin and altcoins in seconds without depositing assets with a third party.

In a blog post, SparkSwap founder Trey Griffith said, “You can trade between different blockchains (currently Bitcoin and Litecoin, with others coming soon), with trades settling in about a second — a transaction time comparable to some of the leading centralized cryptocurrency exchanges. Read more...

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Yes, Stablecoins Can Secure Official Audits from Major Firms

July 26, 2018 By Mark Lyford Leave a Comment

“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken’s TrueUSD is fiat-collateralized. Under this model, each token (in theory) should be backed 1:1 with a corresponding dollar in a related bank account.

This model may not play out in practice as it does in theory, however. In a recent interview with Bitcoin Magazine, Reiss’s comment summarizes the bulk of his answer to our first question: How is TrueUSD different from Tether? Read more...

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Gibraltar Blockchain Exchange Official Launch

July 24, 2018 By Mark Lyford Leave a Comment

The Gibraltar Blockchain Exchange (GBX), which aims to position itself as a world-leading institutional-grade token sale platform and Digital Asset Exchange, has undergone its official full-scale launch. The newly launched exchange is now open to members of the public and will feature fiat on-boarding for customers, as well as a number of trading pairs, which it is set to expand in the future. Read more...

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Poloniex Launches Its official Mobile App for Android and iOS

July 15, 2018 By Mark Lyford Leave a Comment

Poloniex, the US-based cryptocurrency exchange platform, has launched a trading app for mobile users. This is the first official mobile app from Poloniex and is available on Android and iOS.

Poloniex Trading on Your Mobile Phone

Poloniex is owned by Circle, a finance company backed by Goldman Sachs. According to an announcement made on Circle’s blog, this will be the only officially supported Poloniex app in both the Android Play store and the iOS App Store.

This stamp differentiates it from the various Poloniex “support” applications that have been released in the past by third-party developers. Some of these indie apps have gained a bit of traction because of features essential for traders. Read more...

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trade.io Announces Official Launch Of Its Highly Anticipated, Customizable Crypto Exchange at Simultaneous London Events

July 3, 2018 By Mark Lyford Leave a Comment

Tuesday, June 03, 2018, Lugano, Switzerland – trade.io’s CEO Jim Preissler today announced during his keynote speech at the trade.io sponsored, Bloomberg event in London, England, that the Exchange, the flagship product of trade.io, will be launched on July 17th, 2018. The announcement comes after months of anticipation across the crypto world where they have eagerly prepared for the launch of trade.io’s live Exchange, and later its Liquidity Pool.

For the first month of launch, the company has also announced that they will offer commission-free trading to registrants. Pre-registration to the trade.io exchange is available here: https://exchange.trade.io Read more...

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Expedia Drops Bitcoin Payments, Official Confirms

July 1, 2018 By Mark Lyford Leave a Comment

Travel booking platform Expedia has stopped accepting bitcoin (BTC). A company representative confirmed the policy change, while stating that various payment options are being continuously evaluated without elaborating on the details. Expedia has been supporting bitcoin payments since 2014.

Also read: Russian Railways Eyes Crypto for Tickets, Blockchain for Cargo

Expedia Confirms Suspension of BTC Payment Option

Expedia.com, one of the world’s largest travel sites offering booking services for flights, hotels, and car rentals, is currently not accepting bitcoin (BTC). This week, the news was shared on Reddit by traveling bitcoiners who expressed their disappointment with the absence of the cryptocurrency among the payment options. Bitcoin payments have been available on Expedia for years. Read more...

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Indian Crypto Regulations Ready in July, Official Reveals

June 26, 2018 By Mark Lyford Leave a Comment

If you thought crypto in India was over, you were probably wrong. According to a recent statement by a high-ranking official, the long-awaited regulations are on the way. A draft framework has been prepared, and authorities in Delhi hope to “wrap this up” as early as the first half of next month. Meanwhile, the Supreme Court has agreed to review a petition against the RBI ban earlier than expected, resetting the hearing for July 3.

Also read: Taiwan’s Financial Regulator to Conduct Limited Oversight of Cryptocurrencies Read more...

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Korean National Assembly Makes Official Proposal to Lift ICO Ban

May 29, 2018 By Mark Lyford Leave a Comment

South Korea’s legislative arm of government is pushing for the removal of the country’s ban on domestic initial coin offerings.
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PSA: Official Vertcoin Twitter Account Compromised

May 1, 2018 By Mark Lyford Leave a Comment

Vertcoin’s official Twitter account was hacked earlier today, with the attackers posting tweets attempting to scam users out of their bitcoins.

‘We’re giving away 10 BTC!’

At around 4:00 PM Tuesday, the Vertcoin Twitter page announced a fake Bitcoin giveaway as a celebration of Vertcoin’s success. The tweet asked users to send 0.005 BTC to an address to enter, with the winner to be announced on May 3. This is an all too common crypto-scam on Twitter, with fake accounts impersonating major players in the space announcing fake ETH giveaways with dozens of replies saying it worked. What makes this scam different, however, is that this is the first time hackers managed to take control of a legitimate account in order to perpetrate the scam. Read more...

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SEC Official Criticizes State of ICO Industry, Open to Regulated Future

May 1, 2018 By Mark Lyford Leave a Comment

United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite the optimistic outlook, the commissioner has criticized the current state of the ICO industry.

Also Read: Taxis Take BCH, Stores Sell BTC in the Russian City of Rostov

SEC Commissioner Expects ICOs Have Legitimate Future

In an interview with CNBC, SEC commissioner, Robert Jackson, recently expressed cautious optimism regarding ICOs – predicting that initial coin offerings will be conformed to the rubric of existing securities regulations in future. Read more...

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Announcing World Trade Francs: The Official Ethereum Stablecoin

April 1, 2018 By Mark Lyford Leave a Comment

We have long recognized that in order for cryptocurrency to reach mass adoption, a form of cryptocurrency that has higher price stability than existing cryptocurrencies like BTC and ETH would be needed so that people can use the currency to store funds and engage in commerce without worrying about their monthly salary dropping by 57% between the time they receive it and the time they can use the money to buy products. Unfortunately, we’ve found that the existing stablecoins all have various flaws; Tether is unauditable, Nubits has already once collapsed in price, Seignorage Shares is after three years still just a whitepaper and MakerDAO is an inadequate joke because…. reasons. As a result, we’ve decided to take matters into our own hands, and issue our own officially branded stablecoin, and use this as an opportunity to make another ICO. Read more...

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India Can’t Regulate Bitcoin Says Official

March 14, 2018 By Mark Lyford Leave a Comment

Indian authorities have been struggling to grasp the crypto phenomenon for quite some time now – years, to be more precise. The inability to fully understand it and put it under control has resulted in a state of semi-denial: “it’s illegal”, officials repeat tirelessly, but also keep trying to tax it. It doesn’t help when someone previously charged with proposing regulations, now says – India just can’t regulate bitcoin.

Also read: Survey: Indians See Brighter Crypto Future than Americans Read more...

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Blockchain Needs Some Centralization, Says Chinese SEC Official

March 6, 2018 By Mark Lyford Leave a Comment

An official from China’s Securities Regulatory Commission said complete decentralization is not the best way to reap blockchain’s benefits.
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It’s Official: Former LinkedIn Executive Joins Social Challenge Network Provoco

February 23, 2018 By Mark Lyford Leave a Comment

PROVOCO is proud to announce that Dylan Sharkey, LinkedIn’s former Head of Sales Solutions for the Middle East and North Africa, has joined the advisory team and will play a big role in developing monetization strategies, the company’s business plan, and its performance efficiency.

Dylan Sharkey has more than 15 years experience in managing and advising hyper-growth businesses. Moreover, the development and implementation of his strategies for these organizations were instrumental in helping them scale effectively. Read more...

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Top US Official Tells Cryptocurrency to Regulate Itself

February 12, 2018 By Mark Lyford Leave a Comment

While the US government figures out exactly how to handle Bitcoin and the volatile cryptocurrency market, Brian Quintenz, a commissioner with the Commodity Futures Trading Commission, suggests crypto companies should start regulating themselves.

Regulate Yourself

With the likes of Bitcoin, Ethereum, and others, there are plenty of solid options for savvy investors who do their own research in the cryptocurrency market. On the flip side, however, exists a wealth of fraudulent scams, Ponzi schemes, and incompetent projects — regularly making off with inexperienced investors’ hard-earned cash.

Chinese Official: New Regulations for 2018 May End ICO Ban

January 25, 2018 By Mark Lyford Leave a Comment

China’s People’s University Law School vice-president Yang Dong has let slip the country is preparing new regulation on cryptocurrency and ICOs for 2018.

Sorting ‘Good’ From ‘Bad’ ICOs

Speaking at the Southeast Asia Blockchain Summit, Yang, who is also director of the Center for Financial Technology, further “denied” a blanket ban on cryptocurrency trading and ICOs would continue indefinitely.

China has enacted a major clampdown on how citizens can legally access and trade cryptocurrency in the past six months.

September saw the second exchange shutdown of 2017 become a permanent moratorium on crypto-to-fiat platforms, with lawmakers signaling earlier this month they would seek to end “centralized” exchange activities altogether. Read more...

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