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New York is seeking to foster growth in its cryptocurrency mining sector, with the New York State Public Service Commission (PSC) approving new electricity rates for Massena Electric Department. The new provisions will facilitate “high-density load customers, as such cryptocurrency companies” accessing “individual services agreement tariff[s],” including “protect[ion] […] from increased supply costs.” Also Read: Cash … Read more
Japanese police have seized cryptocurrency belonging to a man with unpaid parking fines. The police explain that the revised fund settlement law enacted in April last year allows cryptocurrency to be seized like any other asset. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Seized for Parking Violations The Hyogo Prefectural Police traffic guidance … Read more
Crypto exchange Binance is working on a project to launch a decentralized bank bridging the crypto industry with conventional banking. The financial institution will be based in Malta and fundraising will be conducted under German law. Authorities in Valletta have welcomed the initiative that is expected to win support from other crypto investors as well. … Read more
The Texas State Securities Board has taken an emergency action to stop a network of crypto-related companies from illegally offering investments in the state. A token offering and a mining firm are among those targeted by the securities board as selling fraudulent “cryptocurrency-related investments.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Emergency Action … Read more
The self-regulatory inspection of South Korean cryptocurrency exchanges is complete. Fourteen out of 23 exchanges agreed to be inspected. Twelve met the self-regulatory standards despite security flaws, raising questions of how effective the inspection is. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 12 Exchanges Pass Security Checks The Korea Blockchain Association (KBA) held … Read more
According to Lawrence Lerner, CEO of Pithia, a Seattle-based blockchain venture capital fund, governments’ understanding of cryptocurrency and distributed ledger technology is fundamental to their acceptance and use worldwide. Historically, we’ve seen crypto prices spiral downward when a country, perhaps seeking to protect its citizens or due to a lack of understanding, passes regulatory measures … Read more
U.S. SEC among participants in new gov’t task force to digital currency fraud, among other types Go to Source Powered by WPeMatico
India’s central bank has responded to a representation about its crypto banking ban. The Supreme Court gave the central bank seven days to reply following a hearing last week of the petition by the Internet & Mobile Association of India against the ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Response India’s … Read more
Joseph Stiglitz, the former chief economist of the World Bank and Nobel laureate, has predicted that cryptocurrencies will be “regulated into oblivion” in future, with Mr. Stiglitz saying that BTC may be “worth just $100 in 10 years.” Also Read: Philippines Embraces Cryptocurrency: Exchanges Issued Provisional Licenses Nobel Laureate Predicts Future Regulatory Onslaught Targeting Crypto In … Read more
TenX co-founder Julian Hosp sees Bitcoin hitting $60,000 in 2018, as the coin has already neared his previous forecast of $5,000 Go to Source Powered by WPeMatico
