NBA Partners With Firm Behind CryptoKitties for Crypto Collectible Game

[ad_1] The United States National Basketball Association (NBA) and its affiliated union — the National Basketball Players Association (NBPA) — have partnered with Dapper Labs of CryptoKitties-fame to release a new crypto collectibles game.According to an official announcement on the NBPA website, the upcoming game is scheduled to launch in early 2020.The game, called NBA Top Shot, will be a roster-building competitive game that is based on crypto collectibles. According

Arizona to Test Marijuana-Oriented Stablecoin in State Fintech Sandbox

[ad_1] The state of Arizona has accepted a blockchain-based, cannabis industry-oriented payments solution into its fintech sandbox.According to a recent press release from the Office of the Attorney General, the company — called Alta — is a cash management solution for licensed medical marijuana providers and vendors. The Arizona-based financial services startup intends to offer a stablecoin that is pegged 1:1 with the United States dollar. During its sandbox testing phase,

US Fed Rate Cuts Are Helping Bitcoin

[ad_1] Fundstrat Global Advisors co-founder Tom Lee believes that recent interest rate cuts in the United States by the Federal Reserve are a boon for Bitcoin (BTC).  Lee remarked on how the rate cuts positively impact Bitcoin investment in an interview with Fox Business on July 31, saying:“Bitcoin’s becoming increasingly a macrohedge for investors against things that could go wrong. Rate cuts are adding liquidity. Liquidity is pushing money into all

US Security Token Platform Adds New Policies to Comply with FinCEN

[ad_1] Security tokens platform TokenSoft has officially added Know Your Business (KYB) services following a successful alpha test in 2018.The San Francisco-based token issuance platform said in a press release on July 31 that the KYB feature was added in order to enhance customer due diligence (CDD) requirements in compliance with an amendment to the Bank Secrecy Act.Per the press release, the KYB test launched on the eve of the

Judge Dismisses Libel Suit Against Roger Ver Over Lack of Jurisdiction

[ad_1] A Justice of the High Court of England and Wales has dismissed a libel lawsuit against Bitcoin Cash (BCH) proponent and CEO Roger Ver. Justice Matthew Nicklin of the Queen’s Bench Division threw out the case earlier this week, according to a decision published on July 31.Back in May, Craig Wright — an Australian computer scientist who claims he is Satoshi Nakamoto, the creator of Bitcoin — served

Bittrex Launches Crypto Platform for Middle East Following New Partnership

[ad_1] Bittrex cryptocurrency exchange is partnering with Bahrain-based crypto exchange and custodian provider Rain Management WLL to launch a digital asset trading platform for customers in the Middle East and North Africa (MENA).The new platform will purportedly combine Rain’s staff and expertise in the MENA region with Bittrex’s technology and security infrastructure, according to an announcement on July 31. The platform will offer all the tokens that are currently available on

US Senate Crypto Hearing Key Takeaways: Blockchain Is ‘Inevitable’

[ad_1] On July 30, the United States Committee on Banking, Housing and Urban Affairs hosted a hearing on cryptocurrencies in a regulatory context. Lawmakers are showing renewed interest in digital currencies against the backdrop of Facebook’s crypto odyssey: This week’s testimony followed two Libra-focused hearings, which were held in Congress earlier in the month.Indeed, while the recent session’s scope was meant to be broader, Libra remained one of the key

54% of Bitcoin Users in Europe Don’t Have University Degrees: Research

[ad_1] More than 50% of bitcoin users across the European continent have not even finished their university program, according to BitPanda’s latest study. Too Cool For School Titled ‘Understanding Cryptocurrency Holders in Europe,’ the report explored personalities of the men and women who hold cryptocurrencies as a part of their portfolio. It found that about 54% of the European cryptocurrency investors did not have a university degree; including 30% who

Dubai to Launch KYC-Focused Blockchain Consortium for Businesses in 2020

[ad_1] A new partnership between the Dubai International Financial Centre (DIFC), Mashreq Bank, and fintech firm Norbloc aims to launch a blockchain-based Know Your Customer (KYC) data-sharing consortium in 2020. The official UAE news agency, Emirates News Agency, reported on the new development on July 31.The DIFC, Mashreq Bank and Norbloc — a Stockholm-based blockchain project focused on KYC and a member of the Hyperledger consortium — are planning to

Just 64% of Legitimate IEO’s Were Profitable, New Data Shows

[ad_1] Research from The Block shows that while some IEO’s have been wildly successful, the majority are not profitable for investors. IEOs are Popular but Not Always Profitable On Wednesday blockchain and cryptocurrency researcher, Larry Cermak posted an intriguing Twitter thread about the performance of IEOs in 2019. According to The Block head of research, about 180 blockchain projects secured funding through an internal exchange offering (IEO) and currently 40