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Cryptocurrencies are commodities, according to four court cases involving the U.S. Commodity Futures Trading Commission (CFTC). A federal judge recently ruled that a token is a commodity, certifying the CFTC’s authority to prosecute fraud and manipulation in the crypto space. In her ruling, the judge cited three other crypto-related cases that arrive at the same … Read more
Venezuela’s president Nicolas Maduro has made several claims regarding his country’s digital currency this week. He announced the launch of the petro as a national currency on Monday, reportedly claiming that it is already “present in the world’s six topmost international exchange houses.” A new whitepaper has also been published showing that the petro is … Read more
Centbee of South Africa has announced the launch of its bitcoin cash wallet app in beta, as adoption continues to grow in Africa and elsewhere around the world. Some shops in Kenya already accept bitcoin cash for purchases. Also read: BCH Roundup: Merchant Adoption, Wallet Services And Hackathon. Centbee Wallet App Allows Users to Send Bitcoin … Read more
The chairman of the U.S. Commodity Futures Trading Commission (CFTC) has explained why bitcoin futures have been approved in the U.S. but bitcoin ETFs have not. He also shared his thoughts on the future of cryptocurrencies and how they can potentially solve currency-related problems in as much as two-thirds of the world’s countries. Also read: 160 … Read more
The largest crypto exchange in Japan, Bitflyer, has announced a major organizational overhaul. A new representative director has been appointed to oversee the exchange’s day-to-day operations. Meanwhile, hacked crypto exchange Zaif has stopped accepting new customers as regulators ramp up oversight of exchange operators. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more
This article is a step-by-step how-to guide for creating bitcoin paper wallets. It walks through choosing a paper wallet generator, securing the computer environment to use it on, configuring and printing the wallets, cleaning up before and afterward to thwart hackers, and physically securing the wallets. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, … Read more
The securities department of the US state of North Dakota has issued orders against three companies promoting initial coin offerings in the state. They are Bitconnect, Magma Foundation, and Pension Rewards. The investigations are part of Operation Cryptosweep which involves over 40 US and Canadian securities regulators. Also read: 160 Crypto Exchanges Seek to Enter Japanese … Read more
Montana’s second most populous county, Missoula County, has rejected the proposal for a moratorium on cryptocurrency operations. The proposal was first presented at a public hearing in June but was postponed for three months. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Proposed Crypto Moratorium Rejected Missoula County’s board of commissioners held … Read more
Three U.S. agencies have taken action against international bitcoin-funded securities dealer 1pool Ltd., aka 1Broker. The Securities and Exchange Commission (SEC) says 1Broker violated federal securities laws. The Commodity Futures Trading Commission (CFTC) says it violated the Commodity Exchange Act. Meanwhile, the company says it is working on letting customers withdraw their funds. Also read: 160 … Read more
Following some notable premiers in the genre recently, the next batch of stablecoins is on the way. A British startup is partnering with a bank to launch a GBP-pegged crypto, a Swiss commodities trader wants to mint a coin backed by metals, and a Mongolian telecom has been licensed to issue the country’s first digital … Read more
