Blockchain Retains Nominal Role in Cleveland Tech Hub

[ad_1] Tower City Center, which was purported to become a blockchain hub in Ohio, is now slated to become an entrepreneurial center.According to a report by on July 1, the Tower City shopping mall had been struggling financially, and was thought to be receiving an overhaul as a Cleveland-based blockchain center at some point.However, Blockchain Cleveland member Bernie Moreno says that plans have changed. Moreno commented on the new

CME Bitcoin Futures Record $1.7 Billion High in Notional Value

[ad_1] The Chicago Mercantile Exchange (CME) Group has announced more record-breaking highs for bitcoin (BTC) futures in an official Twitter post on June 28.The futures in question are standardized contracts that bind a party to buying or selling bitcoin at some set time after signing.According to the post, CME Bitcoin futures hit $1.7 billion in notional value traded on June 26, a 30% increase from its last recorded high. The

US Cryptocurrency Exchange ErisX Receives License for Crypto Futures

[ad_1] Chicago-based crypto exchange ErisX has procured a derivatives clearing organization (DCO) license from the United States Commodity Futures Trading Commission (CFTC).According to an official blog post on July 1, ErisX is planning to make digital asset futures contracts available for trade on its regulated derivatives market later this year via its new DCO.ErisX also launched its spot market in April, with the promise of eventually rolling out a single

‘Not Everyone Is Happy but We Have to Move on,’ Some Challenges to the FATF’s New Guidance

[ad_1] “Travel rule” was a term frequently heard at the V-20 Summit, which took place in parallel with the G-20 meeting in Osaka, Japan from June 28 to 29. Regulators and Virtual Asset Service Providers (VASPs) — such as exchanges from different countries — met in Osaka for two days and discussed how to implement the Financial Action Task Force’s (FATF) latest guidance on how to prevent cryptocurrencies being used

Blockchains CEO Acquires Kirkwood Bank of Nevada for $28 million

[ad_1] The CEO of blockchain incubator and investment firm Blockchains LLC, has purchased a bank for $28 million, The Nevada Independent reported on July 1.According to the report, CEO Jeffrey Berns said he bought out Kirkwood Bank of Nevada in order to secure financial inclusion for Blockchains as well as other blockchain-based businesses:“Purchasing the bank was basically security for me to make sure that Blockchains and myself had access to

Dutch Ministers Call for Cryptocurrency, Cash Use Regulations

[ad_1] Dutch ministers have urged the government to regulate cryptocurrencies and certain cash payments over money laundering concerns in a statement on July 1.The officials said that the government should ban cash payments over 3,000 euros, regulate cryptocurrencies and ban 500 euro banknotes, as these instruments can purportedly facilitate money laundering.The Netherlands do not recognize cryptocurrency as a legal currency, although last year a Dutch court found bitcoin (BTC) to

Altcoin Phenomenon Finished, Value Will Flow Into Bitcoin

[ad_1] American broadcaster and known bitcoin (BTC) bull Max Keiser suggested that the cryptocurrency market rally will not include altcoins in a recent interview with CNBCKeiser said that with the development of the cryptocurrency space and adoption of Segregated Witness (Segwit) and the Lightning protocol, people began to better understand the store of value bitcoin offers, as well as scaling that would happen off chain. This, per Keiser, made crypto

Federal Judge Sentences Cryptocurrency Scammer to 86 Months in Prison

[ad_1] A scammer has been sentenced to 86 months in prison for running a cryptocurrency-related scheme, the United States Department of Justice (DoJ) reports on July 1In addition to the 86-month prison sentence, United States District Judge Sandra J. Feuerstein ordered 44-year old New Jersey resident Blake Kantor to pay a total restitution of $806,405 distributed to the victims who invested in his scam, as well as forfeiture of $1.5

Facebook Seeks BitLicense From New York State Regulator

[ad_1] Social media giant Facebook has applied for a cryptocurrency business license to use its announced virtual currency Libra in New York, according to a report by Reuters on June 28New York requires a special license for crypto operations called the BitLicense, which is a product of the state’s finance regulator, the New York State Department of Financial Services (NYDFS). According to the report, Facebook has also been in contact with

Russia Will Not Introduce Separate Regulation for Facebook’s Libra

[ad_1] Russia will not develop a separate regulation for Facebook’s cryptocurrency Libra, according to Deputy Finance Minister Alexei Moiseev, Interfax reported on July 1Moiseev stated that Russia will not introduce separate legislation for Libra as there will be uniform rules for all circulating digital currencies. "No one is going to introduce a ban. A large number of businesses ask when it will finally be possible to legally conduct an ICO