Hodler’s Digest: the Great Tether ‘Unpegging’ and Wozniak Gets Into Blockchain
Binance enters Uganda, Tether becomes untethered, and more in this week’s Hodler’s Digest Go to Source Powered by WPeMatico
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Zambia Launches Crackdown on Crypto Companies
The Bank of Zambia has started to clamp down on cryptocurrency-related businesses, mere days after declaring that it does not view digital coins such as BTC as legal tender. The crackdown began on Oct. 14, when the central bank announced an investigation into Heritagecoin Resources Ltd. for allegedly laundering money, according to local media reports. … Read more
Zambian Central Bank Declares Bitcoin Is Not Legal Tender
The Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin core and bitcoin cash aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure. It appears that the bank issued the decree because, as a traditional issuer of the depreciating local fiat … Read more
Canadian Regulated Bitcoin Trust Achieves Mutual Fund Trust Status
A Canadian regulated bitcoin trust has achieved the mutual fund trust status, allowing eligible investors to invest in the trust through government-sponsored tax-efficient investment plans. The investment is approved by the Ontario Securities Commission and the British Columbia Securities Commission. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Mutual Fund Trust Status … Read more
How a Tokyo FOMO Family Invested in Bitcoin and Lost
There’s an issue, in Japan, with certain high income families being unable to save money. Here’s the story of a Japanese household of four, living in the Tokyo Bay area, in a high-end tower apartment, repaying multiple loans and having unnecessary spending. Every month the household was using up their entire revenue and they couldn’t … Read more
Study: Crypto Funds Number 466 Despite Trends, Uncertainty
The number of crypto hedge and venture capital funds is increasing at a fast pace this year, already reaching a total of 466, despite the bearish market trend and continuing regulatory uncertainty. 96 new funds have been founded by the end of July, according to a new study whose authors believe this year’s number will … Read more
The Daily: Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos
In today’s edition of Bitcoin in Brief we cover stories about Shapeshift acquiring Bitfract, Bitmain investing in Tribeos, a dozen regulators from around the world setting up a global fintech sandbox and an ICO mogul reportedly buying a soccer team. Also Read: Crypto Tax App Libra Raises $15M in Series B Funding Shapeshift Acquires Bitfract … Read more
You Can Become a Citizen of Antigua and Barbuda for Less Than 13 BTC
The parliament of Antigua and Barbuda has amended the country’s Citizenship by Investment Programme Act to accept payments in the form of bitcoin and other cryptocurrencies. With Antigua and Barbuda’s citizenship by way of investment into its National Development Fund having been reduced to a cost of $100,000 USD last year, the price of citizenship … Read more
Fomo3D and PoWH3D Dominate Ethereum DApp Volume
First sparked by CryptoKitties, the Ethereum community has taken a liking to a motley crew of decentralized applications (DApps) built on the network. Recently, the network has seen huge volume spikes due to an unlikely niche: Ponzi DApps. At the time of writing, Fomo3D and PoWH3D were leading 24-hour DApp activity by a massive margin, with approximately … Read more
Russia Now Has a Registry of Whitelisted Crypto Companies
The Russian Association of Cryptocurrencies and Blockchain has created a registry of whitelisted companies that offer crypto-related products or services. Meanwhile, the bill to regulate cryptocurrencies in Russia has been delayed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Whitelist of Crypto Firms The Russian Association of Cryptocurrencies and Blockchain (RACIB) has created a … Read more